*socaltech.com <http://socaltech.com> TechNews - Friday, January 24, 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 (http://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 * - Reveleer Finds New Funding <#0079431> - AeroVironment Names New CFO <#0079432> - Iteris Names Former Raymond James COO To Board <#0079433> - Sonos Walks Back Plan To Brick Older Devices <#0079430> - Kneron Finds $40M More <#0079429> - Report: Snapchat, NBC Team On 2020 Olympic Summer Games Coverage <#0079428> - 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> *Marketplace* - BDO - Southern California Technology Industry Team <#ad737> - UK Government's Department for International Trade (DIT) <#ad756> - Become a Socaltech Supporter! <#ad724> - Stubbs Alderton & Markiles Preccelerator <#ad694> - Stradling <#ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> *Friday, January 24, 2020* *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 *Reveleer Finds New Funding* <http://www.socaltech.com/fullstory/0079431.html> Glendale-based Reveleer, a developer of cloud-based software used for managing medical data, has raised a Series C found of financing, the company said this week. The company said the funding was led by Boston Millenia Partners, and also included existing investor Upfront Ventures. Reveleer provides its software to healthcare payers, such as health plans and Managed Care Organizations (MCOs), helping them to manage their risk quality and quality improvement programs. (More... <http://www.socaltech.com/fullstory/0079431.html>) *AeroVironment Names New CFO* <http://www.socaltech.com/fullstory/0079432.html> Simi Valley-based Aerovironment, which develops unmanned drones for the military, has named Kevin McDonnell as Senior Vice President and Chief Financial Officer, the company said late Thursday. McDonnell was most recently Chief Financial Officer of JAMS, Inc., and previously served at Teradata Corporation and was also CFO of Digital Insight. Aerovironment said that its interim Chief Financial Officer, Brian Shackley, will remain as Vice President and Controller. (More... <http://www.socaltech.com/fullstory/0079432.html>) *Iteris Names Former Raymond James COO To Board* <http://www.socaltech.com/fullstory/0079433.html> Santa Ana-based *Iteris <http://www.iteris.com>*, which develops data products for the transportation and agriculture markets, said this week that it has named Dennis W. Zank, the former Chief Operating Officer of Raymond James Financial to its board. Zank was COO of Raymond James Financial until September of 2018. Zank previously served on the boards of Raymond James Financial, the Options Clearing Corporation and the National Securities Clearing Corporation.(More... <http://www.socaltech.com/fullstory/0079433.html>) *Sonos Walks Back Plan To Brick Older Devices* <http://www.socaltech.com/fullstory/0079430.html> Santa Barbara-based Sonos has walked back plans it had to essentially force its users with older Sonos devices to either "brick" and upgrade those devices, or to be locked out from any further updates of software--even on their newest equipment. (More... <http://www.socaltech.com/fullstory/0079430.html>) *Kneron Finds $40M More* <http://www.socaltech.com/fullstory/0079429.html> San Diego-based Kneron, a developer of artificial intelligence software, has raised $40M more in Series A funding, from investor Horizons Ventures. Horizons Ventures it the venture arm of Hong Kong tycoon Li Ka-Shing. Accoring to Deal Street Asia, the funding brings the company's total to $73M. The company also has raised funding from Alibaba Entrepreneurs Fund, CDIB, Himax Technologies, Qualcomm, Thundersoft, and Sequoia Capital. ( More... <http://www.socaltech.com/fullstory/0079429.html>) *Report: Snapchat, NBC Team On 2020 Olympic Summer Games Coverage* <http://www.socaltech.com/fullstory/0079428.html> Los Angeles-based Snap, the parent company of Snapchat, has inked a deal with NBC where NBC will produce four, daily original shows on the Olympics and Team USA for Snapchat, according to Variety. Financial details of the deal were not announced. The two previously had agreements to cover both the 2018 Winter Olympics and 2016 Summer Olympics. The move most likely will help Snapchat cement its place among millenials and Gen Z as a major distribution route for content to younger demographics. (More... <http://www.socaltech.com/fullstory/0079428.html>) *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>) *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 *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 *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/ *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law ( href="http://www.sycr.com";>http://www.sycr.com ) Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law firm with over 125 attorneys and 10 offices in the western US. The offices are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco - SOMA, San Francisco - Financial District, Sacramento, Reno, Denver, Seattle. The Firm’s corporate, litigation and public law practices are well known for their expertise and depth. Stradling's clients include emerging and high growth public and private companies as well as private equity funds, venture capital groups and their respective portfolio companies. Widely recognized for its expertise, responsiveness and outstanding client service, the Firm's size, structure, and culture allow it to provide the highest quality representation while maintaining the responsiveness and relationships commonly associated with smaller firms. *Early Stage Commercial Insurance - Pacific Unified Insurance Agency < [email protected]>* We are a commercial insurance broker working with startup and early stage technology and E-Commerce companies to implement cost effective strategies for their insurance and risk management programs. We provide guidance and strategic planning during various phases and also advise regarding employee benefit structures to assist in employee recruiting and retention. Coverage placements include D&O, Property, Liability, Workers Comp, E&O, Cyber/Network Security and Employee Benefit Programs. Contact: John Huttinger, CIC, CRM Vice President Ph#310-370-5000 Ext 3025 w Fx 310-370-5454 [email protected] ------------------------------ *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 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 ------------------------------ *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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