*socaltech.com <http://socaltech.com> TechNews - Tuesday, January 28, 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 * - Quid To Offer Pre-IPO Loans <#0079444> - ServiceNow Acquires Passage AI <#0079442> - Cornerstone OnDemand Joins Blockchain Technology Group <#0079443> - Report: Electric Vehicle Adoption Could Create Jobs, Spur Economic Growth <#0079445> - ProGuides Picks Up $5M To Make You A Game Playing Expert <#0079441> - AmazeVR Finds $2.5M More <#0079440> *Marketplace* - Pacific Western Bank, Venture Banking Group – Brian Weber <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Become a Socaltech Supporter! <#ad724> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Stradling <#ad608> *Tuesday, January 28, 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 *Quid To Offer Pre-IPO Loans* <http://www.socaltech.com/fullstory/0079444.html> Santa Monica-based venture capital Troy Capital Partners and alternative investment firm Oaktree Capital announced this morning that they have spun off a new company, Quid, which will provide loans back by pre-IPO shares of stock. According to the companies, the business will provide company employees and shareholders access to money for their shares, with the money repaid when the company has an IPO or sale. (More... <http://www.socaltech.com/fullstory/0079444.html>) *ServiceNow Acquires Passage AI* <http://www.socaltech.com/fullstory/0079442.html> ServiceNow, the developer of information technology service management software which has major operatinos in San Diego, has acquired Mountain View-based Passage AI, a developer of conversational AI tools. Financial details of the buy were not announced. According to ServiceNow, the deal will help it advanced its own artificial intelligence capabilities, including the addition of support for all major languages on its platform. ( More... <http://www.socaltech.com/fullstory/0079442.html>) *Cornerstone OnDemand Joins Blockchain Technology Group* <http://www.socaltech.com/fullstory/0079443.html> Santa Monica-based Cornerstone OnDemand said this morning that it has joined an industry group, which is looking to accelerate the development of a universal blockchain-powered network for human resources. (More... <http://www.socaltech.com/fullstory/0079443.html>) *Report: Electric Vehicle Adoption Could Create Jobs, Spur Economic Growth* <http://www.socaltech.com/fullstory/0079445.html> A new report, issued by Next 10, a group which advocates for improving the quality of life in California, claims that the electrification of light-duty vehicles in California would boost the state economy, in particular by avoiding fuel costs. (More... <http://www.socaltech.com/fullstory/0079445.html>) *ProGuides Picks Up $5M To Make You A Game Playing Expert* <http://www.socaltech.com/fullstory/0079441.html> Los Angeles-based ProGuides, which runs an online platform which helps gamers improve their games, has raised $5M in a seed funding, according to the company. The funding was led by M13, and also included Amplify LA, Quest Venture Partners, and the GFR Fund. The company's service lets gamers work with professional gamers to improve their games, using videos and other curriculum. The company is led by CEO Sam Wang. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=99517> )(More... <http://www.socaltech.com/fullstory/0079441.html>) *AmazeVR Finds $2.5M More* <http://www.socaltech.com/fullstory/0079440.html> Los Angeles-based *AmazeVR <http//www.amaze.us>*, a distributor of virtual reality entertainment, said on Monday that it has raised $2.5M in new funding. The company said the funding came from Partners Investment and YG Investment, part of Korean company YG Entertainment. The company announced the new funding along with a plan to install a virtual reality "experience" at Incheon International Airport in Seoul. The company says it has now raised $9M in total.(More... <http://www.socaltech.com/fullstory/0079440.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] *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 *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. *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 *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]. *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. ------------------------------ *Recent Funding <#funding>* 1/27/20 ProGuides <http://www.socaltech.com/intelligence/?action=showdeal&id=99517> Los Angeles $5.00 M 1/24/20 Crexi <http://www.socaltech.com/intelligence/?action=showdeal&id=99516> Venice $29.00 M 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 H2Scan <http://www.socaltech.com/intelligence/?action=showdeal&id=99432> Unit A Valencia $10.50 M 1/15/20 Califia Farms <http://www.socaltech.com/intelligence/?action=showdeal&id=99434> Los Angeles $225.00 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 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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 February 26, Irvine -- *SoCal Startup Day* SoCal Startup Day. We are proud to announce the first annual SoCal Startup Day. We will have a jam packed day of festivities, exhibitors, investors, keynotes, fireside chats, activites, food trucks & cocktails, and the biggest startup event Orange County has ever seen! If you are looking to network and connect with Southern California's top startups, seeking funding, or just curious about the startup community, this is the event for you. See http://www.socaltech.com/calendar/eventid/26607 ------------------------------ *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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