*socaltech.com <http://socaltech.com> TechNews - Tuesday, January 7, 2020* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News ------------------------------
*Sponsored By * TVC Capital LLC (www.tvccapital.com) Investments and acquisitions of growing software companies. Silicon Valley Bank (http://www.svb.com). Make next happen now. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG ------------------------------ *Headlines * - SpaceX Successfully Launches 60 More Starlink Satellites, As A Dragon Heads Home <#0079348> - Clearlake Capital's Provation Medical Acquires MD-Reports <#0079347> - Dyve Biosciences Names Chief Scientific Officer <#0079349> - Debut Bio Raises $2.6M <#0079345> - Rivian To Alexa Enable Electric Trucks <#0079343> - HyperX Rolls Out Gaming Accessories, Wireless Gaming Headset <#0079342> - Ring Expands Product Lineup To Lightbulbs, Garden Lights, Gate Controllers <#0079341> - PayPal Completes $4 Billion Acquisition Of Honey <#0079336> - Phyn Expands Water Monitoring Products <#0079340> *Marketplace* - Pacific Western Bank, Venture Banking Group – Brian Weber <#ad749> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - UK Government's Department for International Trade (DIT) <#ad756> - Facilitated Off-Site Planning for Growth Companies and Venture Firms <#ad753> - Become a Socaltech Supporter! <#ad724> - Stubbs Alderton & Markiles Preccelerator <#ad694> *Tuesday, January 7, 2020* *BDO - Southern California Technology Industry Team <http://www.bdo.com>* BDO USA, LLP is a professional services firm providing assurance, tax, and advisory services to publicly traded and privately held companies through more than 60 offices domestically and 160 countries globally. Our Southern California technology industry team professionals have deep experience helping online, software, hardware, and cleantech businesses in the local ecosystem to navigate the many issues affecting their businesses and to help them meet their larger strategic goals. Our team provides a wide range of guidance in the key issues effecting technology companies including, M&A advisory, initial public offerings, tax planning and consulting, intellectual property agreements, financial reporting and regulatory compliance matters. For more information, please contact our LA Technology leaders Anthony Ferguson, Tim Clackett, and Kris Kaufmann at [email protected]. http://www.bdo.com *SpaceX Successfully Launches 60 More Starlink Satellites, As A Dragon Heads Home* <http://www.socaltech.com/fullstory/0079348.html> Hawthorne-based SpaceX has successfully launched another 60 of its Starlink satellite constellation, sending a previously re-used Falcon 9 into space from Cape Canaveral Air Force Station and Space Launch Complex 40 (SLC-40) at 9:19 p.m. EST on Monday evening. (More... <http://www.socaltech.com/fullstory/0079348.html>) *Clearlake Capital's Provation Medical Acquires MD-Reports* <http://www.socaltech.com/fullstory/0079347.html> Santa Monica-based private equity investor Clearlake Capital said this morning that one of its portfolio companies, Provation Medical, has acquired MD-Reports, a provider of electronic medical record (EMR), practice management (PM), and report writing software. Financial details of the acquisition were not announced. Provation is based in Minneapolis, MN. MD-Reports was launched in 2000 as a pinout of an earlier company, Infinite Software Solutions Inc. (More... <http://www.socaltech.com/fullstory/0079347.html>) *Dyve Biosciences Names Chief Scientific Officer* <http://www.socaltech.com/fullstory/0079349.html> Thousand Oaks-based Dyve Biosciences, a biotech company developing drug delivery technology, has named Chuck Harbert, Ph.D. as its Chief Scientific Officer. Harbert was previously at Pfizer, and had served as Vice President, US Exploratory Development and Strategic Planning for Pfizer, among other positions. Dyve said that Dr. (More... <http://www.socaltech.com/fullstory/0079349.html>) *SpaceX Plans Third Starlink Satellite Launch Tonight* <http://www.socaltech.com/fullstory/0079346.html> Hawthorne-based SpaceX is planning to try for its third launch of a set of Starlink satellites today, at 9:19 p.m. EST from its launchpad at Cape Canaveral. According to SpaceX, it plans to launch another batch of its high speed communications satellites from Space Launch Complex 40 (SLC-40), with a backup launch opportunity tomorrow at 8:57 p.m. EST. (More... <http://www.socaltech.com/fullstory/0079346.html>) *Debut Bio Raises $2.6M* <http://www.socaltech.com/fullstory/0079345.html> Carlsbad-based Debut Bio, a startup developing continuous biomanufacturing technology, has raised $2.6M in a funding round for its efforts, according to a regulatory filing by the firm on Monday. The startup has not yet announced the round, which included nine investors, per a regulatory filing. (More... <http://www.socaltech.com/fullstory/0079345.html>) *Rivian To Alexa Enable Electric Trucks* <http://www.socaltech.com/fullstory/0079343.html> Rivian, the developer of electric trucks which has development offices in Irvine and Carson, California, said this morning that it will Alexa-enable its upcoming vehicles. According to Rivian, there will be a direct integratio of Amazon's Alexa into its connected car systems, with no phones or apps required. (More... <http://www.socaltech.com/fullstory/0079343.html> ) *HyperX Rolls Out Gaming Accessories, Wireless Gaming Headset* <http://www.socaltech.com/fullstory/0079342.html> Fountain Valley-based HyperX has announced a number of products at CES, including a new wireless gaming headset with support for the "Qi" wireless charging standard. HyperX added a new mechanical gaming keyboard, a new gaming mouse, a "gaming mouse pad", as well as DDR4 DIMM and DDR4 SODIMM modules. The HyperX Cloud Flight S wireless headset was the most significant offering, offering one of the first Qi-certified wireless headsets. (More... <http://www.socaltech.com/fullstory/0079342.html>) *Ring Expands Product Lineup To Lightbulbs, Garden Lights, Gate Controllers* <http://www.socaltech.com/fullstory/0079341.html> Santa Monica-based Ring, which develops Internet-enabled doorbell cameras, security cameras, and other related products, is expanding its product lineup, saying at CES that it has rolled out a number of new products--including Internet-connected lightbulbs, garden lights, gate controllers, and more. Ring's new products all connect to Ring's app. Among the products is Access Controller Pro, a device which connects to electronic access gates, and lets users control those gates remotely. ( More... <http://www.socaltech.com/fullstory/0079341.html>) *PayPal Completes $4 Billion Acquisition Of Honey* <http://www.socaltech.com/fullstory/0079336.html> San Jose-based PayPal Holdings said this morning that it has completed its $4 billion cash acquisition of Los Angeles-based Honey, the developer of a browser plug-in that helps consumers find the best coupons for purchases when they are shopping online. According to PayPal, the deal will "transform the shopping experience for PayPal's consumers while increasing sales and customer engagement for its merchants. (More... <http://www.socaltech.com/fullstory/0079336.html>) *Phyn Expands Water Monitoring Products* <http://www.socaltech.com/fullstory/0079340.html> Torrance-based Phyn, the Belkin spinoff which develops very advanced hardware used to monitor the usage of water in the home, has expanded its portfolio of products, the company said over the weekend at CES. According to the company, it has added two new products to its XL series of products, the Phyxl XL 1.5" and Pyn XL 2". (More... <http://www.socaltech.com/fullstory/0079340.html>) *Pacific Western Bank, Venture Banking Group – Brian Weber <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $26 billion in assets and 74 full-service branches located throughout California and one branch in Durham, North Carolina. Our Venture Banking Group offers a comprehensive suite of financial services focused on entrepreneurial businesses and their venture capital and private equity investors. We also offer Community Banking and National Lending services. For more information, visit http://www.pacwest.com/lending-solutions/venture-lending, or send an email to [email protected] *Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <https://www.bestronics.com>* Are the great ideas stacking up faster than your engineering resources can handle? Your company needs a reliable resource of analog/digital and software engineers to understand your issues, define the problem statements and lay out a course of action to output hardware products ready for integration into your system. Our unique capabilities, used by many in the medical, scientific, military and aerospace industries, allow us to offer engineering services that result in deliverable, production ready subsystems so you can concentrate on targeting your customer base and not stressing about the right mix and numbers of engineering talent needed to see your vision become reality. Contact us at http://www.bestronics.com *UK Government's Department for International Trade (DIT) <https://www.events.great.gov.uk/ehome/200195057>* The UK is one of the world's fastest-growing tech hubs with more than 60,000 tech companies, 30 industry clusters, and over $14 billion in investment over the last five years. The UK Government's Department for International Trade (DIT) team provides local 1:1 support to companies expanding internationally, helping de-risk market entry with free support services. DIT can provide tailored set-up information, including market research, legal and accounting introductions, recruitment support, policy insight, and partnership-building opportunities. As the #1 destination in Europe for inward investment and tech talent, and home to more fast-growth companies than any other European country, the UK has a lot to offer to US companies. We work with all companies, from start-ups/scale-ups through to the Fortune 500. To find out more about "Why UK," and to work with DIT's LA team, contact us at: https://www.events.great.gov.uk/ehome/200195057 *Facilitated Off-Site Planning for Growth Companies and Venture Firms <http://www.collective-genius.com>* Peak is a facilitated team off-site that empowers growth companies and venture firms to build a Three Year Vision, One Year Plan, and Quarterly OKRs. With the vision and plan set, we provide additional tools to keep the team aligned, accountable and on track. Peak is a collection of best practices Jeff Martin founder of Collective Genius has derived from twenty plus years of experience in founding and operating technology growth companies and venture firms. We are partnered with local and national venture firms and provide portfolio partner discounts. Schedule a Pre-Camp Meeting to Learn More: [email protected] Collective Genius - Off-Site Planning and Recruiting for Growth Companies and Venture Firms - collective-genius.com *Become a Socaltech Supporter!* Interested in letting Southern California's high tech community know you are here for them? Want to reach Southern California's movers and shakers? Become a SPONSOR or SOCALTECH SUPPORTER! Our sponsors and supporters are featured on our website, and online service provider directory, as well as in our newsletter multiple times per week. It's a great way to both get the word out about your services, as well as support our news coverage of local companies across the tech industry! Contact [email protected] for details. *Stubbs Alderton & Markiles Preccelerator <http://stubbsalderton.com/preccelerator/>* Accelerating Growth for Early Stage Innovation The Preccelerator® Program is a platform offered to select start-up companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides interim office space, sophisticated legal services, mentorship and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator® Program provides these benefits to as many as 10 promising young startups in separate growth tracks. http://stubbsalderton.com/preccelerator/ ------------------------------ *Recent Funding <#funding>* 12/17/19 Trust & Will <http://www.socaltech.com/intelligence/?action=showdeal&id=99145> San Diego $6.00 M 12/17/19 ChromaCode, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=99144> Carlsbad $28.00 M 12/11/19 XOKind <http://www.socaltech.com/intelligence/?action=showdeal&id=99036> San Diego $1.60 M 12/11/19 Camino Financial <http://www.socaltech.com/intelligence/?action=showdeal&id=99037> Los Angeles $8.00 M 11/20/19 Mythical Games <http://www.socaltech.com/intelligence/?action=showdeal&id=98807> Sherman Oaks $19.00 M 11/13/19 Avidity Biosciences <http://www.socaltech.com/intelligence/?action=showdeal&id=98748> La Jolla $100.00 M 11/06/19 HMBradley <http://www.socaltech.com/intelligence/?action=showdeal&id=98692> Santa Monica $3.50 M 11/06/19 Valence <http://www.socaltech.com/intelligence/?action=showdeal&id=98693> Los Angeles $2.50 M 11/05/19 Clarify Medical <http://www.socaltech.com/intelligence/?action=showdeal&id=98631> San Diego $18.00 M 11/04/19 Boulevard <http://www.socaltech.com/intelligence/?action=showdeal&id=98629> Santa Monica $11.00 M 11/04/19 BuildOps <http://www.socaltech.com/intelligence/?action=showdeal&id=98630> Santa Monica $5.80 M 10/31/19 AutoVitals, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=98799> Santa Barbara $0.00 M 10/29/19 Scopely <http://www.socaltech.com/intelligence/?action=showdeal&id=98626> Culver City $200.00 M 10/23/19 LegalMation <http://www.socaltech.com/intelligence/?action=showdeal&id=98616> Los Angeles $0.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html January 8, Monrovia -- *MADIA Meet-up* MADIA Meet-Up with Seatrec Inc.’s Founder and CEO, Dr. Yi Chao, Jan. 8, 2020, 6:30-8:30 p.m., ON SITE @ Seatrec, 911 S Primrose Ave, Ste. J, Monrovia, CA 91016. Join us and underwater drone renewable power developer Seatrec on January 8. Dr. Yi Chao will lead a tour and discuss “From Scientist to CEO to First Commercial Sale, How We Spun-Out an Idea, Made Connections, Raised Money, and Built and Managed a Great New Company.” (Check out Seatrec @ https://Seatrec.com/.) Tickets include pizza and soda. Bring your friends and checkout the entrepreneurial scene at the heart of San Gabriel Valley. See http://www.socaltech.com/calendar/eventid/26608 January 14, Santa Monica -- *Preccelerator Workshop: Driving with Data w/ Sari M. Kern* Preccelerator Workshop: Driving with Data w/ Sari M. Kern. All companies generate information from the day-to-day operations. The question is: how can businesses organize and use this data to drive success? This workshop will walk you through the steps of how to use data to inform strategy and make decisions. See http://www.socaltech.com/calendar/eventid/26610 January 16, Santa Monica -- *LA CEOs: Sales - Close More Business and Scale* LA CEOs: Sales - Close More Business and Scale. Start off your year with LA's top tech CEOs and our special guest Carrie Lauby, an LA-based sales expert with over 25 years growing B2B2C SaaS companies. This sponsor supported FREE event is restricted to qualified CEOs & CFOs only. Confirmed RSVP required.. See http://www.socaltech.com/calendar/eventid/26603 January 21, Santa Monica -- *AppSec California 2020 - by OWASP* Join your Information Security and Developer peers on the beach! Training classes start Jan 21, with the keynotes, talks and CTFs starting Jan 23. There will be 4 concurrent break-out sessions throughout both speaker days. The best speakers from around the world have been gathering at AppSec California now for six years. We guarantee you will leave the conference with lots of new knowledge and curiosity. An outdoor reception will allow conference goers to enjoy the ocean breezes as they sip on drinks and munch on appetizers on Jan 23. See http://www.socaltech.com/calendar/eventid/26601 January 25, Pasadena -- *Caltech Entrepreneurs Forum - Entrepreneur Lessons Learned * Caltech Entrepreneurs Forum - Entrepreneur Lessons Learned. The innovation arena is blessed with founders, investors and others ready to share insights. What’s not so often clear is which of the many admonishments was key to a particular venture’s journey. We’ve asked our speakers to include in their presentations examples highlighting oft-overlooked elements of success (or failure). See http://www.socaltech.com/calendar/eventid/26602 January 28, Malibu -- *Startup World Cup - SoCal Regional hosted by LAVA and Pepperdine* Startup World Cup - SoCal Regional hosted by LAVA and Pepperdine. Startup World Cup ("SWC") offers innovation and entrepreneurship opportunities for the startup ecosystem around the world via a global series of startup conferences and competitions that bring together phenomenal startups, VCs, and world-class tech CEOs. Startups worldwide first compete at regional events, and the regional finalists will showcase themselves at the Grand Finale event in San Francisco and compete for a $1m investment prize. Application deadline January 10th. See http://www.socaltech.com/calendar/eventid/26595 January 30, Los Angeles Westside -- *Growth Capital Conference* Growth Capital Conference. Pitch to & Network with Investors: Angels, VCs, High Net Worths, Strategic Partners and 100 entrepreneurs seeking capital & counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products, videos, online demos. Hot Networking Breakfast at 7:00am sharp. See http://www.socaltech.com/calendar/eventid/26594 January 30, Newport Beach -- *Pitch and Learn With Investors* Pitch and Learn With Investors. Pitch and Learn engages and educates entrepreneurs on the art of pitching to investors. Pitch and Learn is meant to engage and educate entrepreneurs on the art of pitching to investors. Every pitching entrepreneur will have the opportunity to pitch their business, receive feedback from seasoned investors and then pitch again using investors’ input. The event is open to anyone to attend however, there are only 20 1-minute pitch tickets and only 4 3-minute pitch tickets available for entrepreneurs to pitch. 1 presenter per company. See http://www.socaltech.com/calendar/eventid/26606 January 30, Newport Beach -- *Pitch and Learn With Investors* Pitch and Learn With Investors. Pitch and Learn is meant to engage and educate entrepreneurs on the art of pitching to investors. Every pitching entrepreneur will have the opportunity to pitch their business, receive feedback from seasoned investors and then pitch again using investors’ input. See http://www.socaltech.com/calendar/eventid/26609 ------------------------------ *Recent Job Postings * More jobs at http://www.socaltech.com/Jobs ------------------------------ ------------------------------ *Sponsored By * TVC Capital LLC (www.tvccapital.com) Investments and acquisitions of growing software companies. Silicon Valley Bank (http://www.svb.com). Make next happen now. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG Email [email protected] for more information about sponsoring this newsletter. ------------------------------ You are receiving this email because you subscribed to the socalTECH.com TechNews from our web site, or otherwise requested a subscription. If you do not want to receive this newsletter go to: http://listserv.socaltech.com/mailman/listinfo/socaltech or email us at [email protected] ------------------------------ Legal Notices ---- While SOCALTECH LLC has used its best efforts in collecting and preparing the information published herein, SOCALTECH LLC does not assume, and hereby disclaims, any liability for any loss or damage caused by errors or omissions, whether such errors or omissions resulted from negligence, accident or other causes. All contents Copyright (c) 2017 SOCALTECH LLC. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
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