*socaltech.com <http://socaltech.com> TechNews - Thursday, January 23, 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. Pacific Western Bank - Venture Banking Group ( www.pacwest.com/lending-solutions/venture-lending) 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 * - Interview with Eric Friedrichsen, Emburse <#0079424> - TikTok Grows In LA With New Office <#0079425> - Tinder To Add Panic Button <#0079427> - Brain Corp. Claims Record Sales As Robotics Takes Off <#0079426> - Cann Finds $5M For Cannabis Infused Drinks <#0079423> - As Virus Fears Rise, LA Company Offers Up Germ Killing Robots To Airports <#0079422> - TigerConnect Names New CTO <#0079421> - Scopely Buys FoxNext Games From Disney <#0079420> - ServiceNow Acquires Loom Systems <#0079419> - Sonos Hardware Plan Casts Doubts On The Smart Home <#0079418> - Juris Launches AI-Powered Service To Help Renters Get Their Deposits Back <#0079417> - Acquicent Adds Advisor, Investor <#0079416> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - UK Government's Department for International Trade (DIT) <#ad756> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Thursday, January 23, 2020* *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 *Interview with Eric Friedrichsen, Emburse* <http://www.socaltech.com/fullstory/0079424.html> For our interview today, we talked with Eric Friedrichsen, the CEO of Emburse, a developer of expense management and accounts payable software which has major operations in Los Angeles. Emburse recently merged LA's Chrome River into the company, as part of an effort to combine six different companies in the expense management area. For those who haven't heard of Emburse, talk about what you do? Eric Friedrichsen: Emburse is all about expense management and accounts payable automation. (More... <http://www.socaltech.com/fullstory/0079424.html>) *TikTok Grows In LA With New Office* <http://www.socaltech.com/fullstory/0079425.html> TikTok, the developer of the popular, short video app where people combine short videos of themselves set to music, says it is growing in Los Angeles, and is moving into a brand new, 120,000 square foot office in Culver City. According to the company, the expansion will strengthen its U.S. presence, as it continues to grow its team here. According to TikTok, the new, permanent office in LA "deepens our bonds with the city, and the talent and companies, that call it home". (More... <http://www.socaltech.com/fullstory/0079425.html>) *Tinder To Add Panic Button* <http://www.socaltech.com/fullstory/0079427.html> Los Angeles-based dating app developer Tinder is getting set to add a new, emergency panic button to the app--in the case a date really goes bad--which will immediately summon emergency authorities and send them to a person's location. According to the WSJ, the new features will be enabled by an investment by Tinder's parent company, Match Group, in an app developer called Noonlight. (More... <http://www.socaltech.com/fullstory/0079427.html>) *Brain Corp. Claims Record Sales As Robotics Takes Off* <http://www.socaltech.com/fullstory/0079426.html> San Diego-based artificial intelligence software developer Brain Corp says it is saw "record sales and revenue growth" in 2019, on strong retailer demand for autonomous, mobile robots. The company said that its saw a more thn 300 percent increase in its revenues last year due to a "surge" in interest in floor care machines that are powered by its BrainOS software by retailers, including Walmart. The company said its software is now used on approximately 10,000 robots. (More... <http://www.socaltech.com/fullstory/0079426.html>) *Cann Finds $5M For Cannabis Infused Drinks* <http://www.socaltech.com/fullstory/0079423.html> In the latest, cannabis-related startup to emerge with funding in Los Angeles, Cann, a developer of cannabis infused drinks--which it calls "social tonics"--has raised $5M in a seed funding round. The funding came from Imaginary and JM10 Partners. The company--which infuses its drinks with THC, and distributes them through cannabis dispensaries as well as delivery services like Eaze--said the funding will go towards expanding its distribution in California, as well as to other states. (More... <http://www.socaltech.com/fullstory/0079423.html>) *As Virus Fears Rise, LA Company Offers Up Germ Killing Robots To Airports* <http://www.socaltech.com/fullstory/0079422.html> As worries about the spread of a new virus from China--which has resulted in the quarantine of Wuhan, China, a city of 11 million--a Los Angeles company, Dimer UVC Innovations, is offering up its technology to airports and officials, at no cost, to a number of airports. (More... <http://www.socaltech.com/fullstory/0079422.html>) *TigerConnect Names New CTO* <http://www.socaltech.com/fullstory/0079421.html> Santa Monica-based TigerConnect, which develops communications tools for the healthcare and other industries, said on Wednesday that it has named Tim Goodwin as the company's new Chief Technology Officer. Goodwin was most recently CTO at Vacasa, which provide online vacation rental management. Goodwin also served as CIO and Senior Vice President at Fiserv Digital Channels. (More... <http://www.socaltech.com/fullstory/0079421.html>) *Scopely Buys FoxNext Games From Disney* <http://www.socaltech.com/fullstory/0079420.html> Los Angeles-based mobile game developer Scopely is buying mobile game studio FoxNext Games Los Angeles, the studio behind the mobile game Marvel Strike Force. Financial terms of the sale were not announced. Disney acquired FoxNext Games Los Angeles when it purchased 20th Century Fox. The deal also includes Cold Iron Studios, which is another game developer owned by FoxNext. Marvel Strike Force apparently earned $150M in revenues in its first year. (More... <http://www.socaltech.com/fullstory/0079420.html>) *ServiceNow Acquires Loom Systems* <http://www.socaltech.com/fullstory/0079419.html> ServiceNow, the developer of service management software which has major operations in San Diego, has acquired Loom Systems, an Israeli company which develops artificial intelligence software used for IT operations management. Financial terms of the deal were not announced. According to ServiceNow, the deal will help its customers can prevent and fix IT issues at scale before they become problems. (More... <http://www.socaltech.com/fullstory/0079419.html>) *Sonos Hardware Plan Casts Doubts On The Smart Home* <http://www.socaltech.com/fullstory/0079418.html> The new plan announced by Santa Barbara-based Sonos to essentially "brick" all of its legacy products, is casting doubt on the lifetime of "smart homes", as loyal, early adopters of the company's products are faced with having to throw away their speakers and other hardware. (More... <http://www.socaltech.com/fullstory/0079418.html>) *Juris Launches AI-Powered Service To Help Renters Get Their Deposits Back* <http://www.socaltech.com/fullstory/0079417.html> A new, Los Angeles-based startup, Juris, said this morning that it has launched a new, artificial intelligence-powered service to help renters get their security deposits back. According to Juris, its new service, DepositLetter, uses AI-tools to help people recover illegally withheld security deposits on behalf of renters. (More... <http://www.socaltech.com/fullstory/0079417.html>) *Acquicent Adds Advisor, Investor* <http://www.socaltech.com/fullstory/0079416.html> Los Angeles-based Acquicent, the startup which is developing a marketplace that allows users to invest in "museum-grade" collectibles such as art and vintage automobiles, is announcing this morning that it has added Kevin Conroy, CEO of ConroyMedia and former director of Sotheby's, as both an advisor and investor. (More... <http://www.socaltech.com/fullstory/0079416.html>) *From Idea to IPO - KPMG’s Emerging Growth Practice < [email protected]>* KPMG provides Bookkeeping, Audit, Tax, and Advisory services to assist you at any stage of your life cycle. Whether you are starting your business, strengthening your business, expanding into new markets, or pursuing an exit, we have a global network of experienced resources that can take you to the next level. For more information, please contact Ryan Youhan at [email protected]. *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 *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 *IP Protection for Technology and Business - SoCal IP Law Group LLP <http://www.socalip.com>* Patents. Trademarks. Copyrights. Trade Secrets. IP Filings. IP Strategy. IP Litigation. IP Transactions. US and Worldwide. Offices in Westlake Village and Santa Barbara. [email protected] www.socalip.com *IP Protection for Technology and Business - SoCal IP Law Group LLP <http://www.socalip.com>* Patents. Trademarks. Copyrights. Trade Secrets. IP Filings. IP Strategy. IP Litigation. IP Transactions. US and Worldwide. Offices in Westlake Village and Santa Barbara. [email protected] www.socalip.com ------------------------------ *Recent Funding <#funding>* 1/21/20 FloQast <http://www.socaltech.com/intelligence/?action=showdeal&id=99512> Los Angeles $40.00 M 1/17/20 Homebound <http://www.socaltech.com/intelligence/?action=showdeal&id=99505> Malibu $35.00 M 1/16/20 SPINLAUNCH INC. <http://www.socaltech.com/intelligence/?action=showdeal&id=99504> Long Beach $35.00 M 1/15/20 Califia Farms <http://www.socaltech.com/intelligence/?action=showdeal&id=99434> Los Angeles $225.00 M 1/15/20 H2Scan <http://www.socaltech.com/intelligence/?action=showdeal&id=99432> Unit A Valencia $10.50 M 1/14/20 Medsphere Systems <http://www.socaltech.com/intelligence/?action=showdeal&id=99431> Carlsbad $40.00 M 1/10/20 Element Biosciences <http://www.socaltech.com/intelligence/?action=showdeal&id=99345> San Diego $80.00 M 1/09/20 Omniome, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=99344> San Diego $60.00 M 12/17/19 ChromaCode, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=99144> Carlsbad $28.00 M 12/17/19 Trust & Will <http://www.socaltech.com/intelligence/?action=showdeal&id=99145> San Diego $6.00 M 12/11/19 Camino Financial <http://www.socaltech.com/intelligence/?action=showdeal&id=99037> Los Angeles $8.00 M 12/11/19 XOKind <http://www.socaltech.com/intelligence/?action=showdeal&id=99036> San Diego $1.60 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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 January 31, Burbank -- *Game Design Showcase 2020* Game Design Showcase 2020. Celebrate and play original games created by NYFA's Game Design graduating class! Join the NYFA Game Design graduating class of 2020 as they head off on their next big adventure: the real world! The NYFA Game Design Showcase features drinks, food and original video games and board games created by our MFA and BFA graduate students! Whether you are looking for a great opportunity to play new games, or a way to meet your future employees and team members, this event has something for both gamers and game industry professionals alike! The event is open to the entire Los Angeles gaming industry community, so bring a friend and get ready to play! WHEN: Friday, January 31st, 5:00p -7:30p WHERE: New York Film Academy, Los Angeles is located at 3300 Riverside Drive, Burbank, CA. *Our entrance is located on Warner Blvd. RSVP at: [email protected] (with the name of the event in the subject line. See http://www.socaltech.com/calendar/eventid/26612 ------------------------------ *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. 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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