*socaltech.com <http://socaltech.com> TechNews - Thursday, February 6, 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 * - Semtech Powers New Product To Find Abnormal Energy Use On The Grid <#0079485> - Neurocrine Biosciences Names New Board Member <#0079486> - HAAWK Acquires Keyframe Audio <#0079484> - SpaceX Lets You Book Satellite Launches Online <#0079483> - Gento Gets $5M For Care Delivery Marketplace <#0079482> - HopSkipDrive Raises $22M More For Youth Transportation Efforts <#0079480> - Accurate Background Buys CareerBuilder's Employment Screening Arm <#0079481> - Rocket Lab Aims At Reusability With Parachute Efforts <#0079479> - NGD Systems Gets $20M Funding <#0079475> *Marketplace* - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Facilitated Off-Site Planning for Growth Companies and Venture Firms <#ad753> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pacific Western Bank, Venture Banking Group <#ad749> - Become a Socaltech Supporter! <#ad724> *Thursday, February 6, 2020* *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 *Semtech Powers New Product To Find Abnormal Energy Use On The Grid* <http://www.socaltech.com/fullstory/0079485.html> Camarillo-based Semtech, the developer of analog and mixed signal semiconductors, has applied its LoRa low power wireless networking technology to a new product, which detects abnormal spikes in energy consumption in city substations. (More... <http://www.socaltech.com/fullstory/0079485.html>) *Neurocrine Biosciences Names New Board Member* <http://www.socaltech.com/fullstory/0079486.html> San Diego-based Neurocrine Biosciences, which develops a number of biopharmaceuticals for the treatment of neurological, endocrine and psychiatric disorders, has named Shalini Sharp to its board of directors. Sharp is currently the Chief Financial Officer and Executive Vice President of Ultragenyx. Sharp was previously CFO of Agenus, and also served at Elan Pharmaceuticals, McKinsey & Company, and Goldman Sachs. Sharp also is on the boards of Sutro Biopharma and Precision Biosciences. (More... <http://www.socaltech.com/fullstory/0079486.html>) *HAAWK Acquires Keyframe Audio* <http://www.socaltech.com/fullstory/0079484.html> Los Angeles-based HAAWK, the provider of rights management and monetization services for YouTube, Facebook, and Instagram which is led by Ryan Born, said on Wednesday that it had acquired Keyframe Audio, a music startup which offered up micro-stock music licensing. Financial terms of the buy were not announced. HAAWK said that it will launch a new service, Identifyy.com, which will offer up a self-service rights management portal for independent artists and do-it-yourself (DIY) musicians. (More... <http://www.socaltech.com/fullstory/0079484.html>) *SpaceX Lets You Book Satellite Launches Online* <http://www.socaltech.com/fullstory/0079483.html> Looking to deliver your very own satellite into space, and have a spare $1M? Hawthorne-based SpaceX is now accepting online reservations for flights on one of its dedicated, satellite ride sharing missions--for a cost as low as $1M. According to SpaceX, it is expanding its launch services "to directly address the needs of small satellite operators" through the online booking tool. (More... <http://www.socaltech.com/fullstory/0079483.html>) *Gento Gets $5M For Care Delivery Marketplace* <http://www.socaltech.com/fullstory/0079482.html> Los Angeles-based *Gento <http://gento.io>*, which operates an on-demand staffing marketplace for healthcare and nursing facilities, said on Wednesday that it has raised $5M more. The funding game from Palisades Growth Capital. Gento is led by CEO Victor Gajendran. The company was originally known as Nursing Without Walls. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=61864>)( More... <http://www.socaltech.com/fullstory/0079482.html>) *HopSkipDrive Raises $22M More For Youth Transportation Efforts* <http://www.socaltech.com/fullstory/0079480.html> Los Angeles-based HopSkipDrive, which offers up transportation services to help kids gets to and from school, hsa raised another $22M in funding, the company said today. The funding came from Cyrus Capital Partners, State Farm Ventures, plus Upfront Ventures, FirstMark Capital and Greycroft. According to the company, it has now raised $44M in total funding. HopSkipDrive said the new funding goes towards expanding into new markets, plus partnerships with schools, districts and counties. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=45029>)(More... <http://www.socaltech.com/fullstory/0079480.html>) *Accurate Background Buys CareerBuilder's Employment Screening Arm* <http://www.socaltech.com/fullstory/0079481.html> Irvine-based Accurate Background, a provider of background screening for employers, has acquired Career Employment Screening (CBES), the background screening arm of CareerBuilder. Financial terms of the buy--which was backed by private equity firm Apax Partners--were not announced. According to Accurate Background, the combined firm will operate under the Accurate Background brand. (More... <http://www.socaltech.com/fullstory/0079481.html> ) *Rocket Lab Aims At Reusability With Parachute Efforts* <http://www.socaltech.com/fullstory/0079479.html> Manhattan Beach-based Rocket Lab, which develops rockets for launching small satellites into space, has made another step to making its rockets reusable, saying that it has completed its first prototype of a parachute which will help in its recovery of its rockets. The parachute design--which CEO Peter Beck said would entering a low altitude drop and capture test program next week--would help Rocket Lab further reduce the cost of its rocket launches. (More... <http://www.socaltech.com/fullstory/0079479.html>) *NGD Systems Gets $20M Funding* <http://www.socaltech.com/fullstory/0079475.html> Irvine-based NGD Systems, a company developing "computational storage" devices which can run AI, machine learning, and analytics functions within data storage devices, has raised $20M in a Series C funding, the company said this morning. The funding was led by MIG Capital, and also included Western Digital Capital Global, Ltd. (the strategic investment fund of Western Digital Corp.), along with Orange Digital Ventures, Partech, BGV, and Plug-N-Play. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=99605> )(More... <http://www.socaltech.com/fullstory/0079475.html>) *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 *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 *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]. *Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $26 billion in assets and 76 branches primarily located in California, with one in Denver, Colorado and another 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 about the Venture Banking Group, visit www.pacwest.com/lending-solutions/venture-lending, or send an email to Brian Weber at [email protected] *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! 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Contact [email protected] for details. ------------------------------ *Recent Funding <#funding>* 2/05/20 HopSkipDrive <http://www.socaltech.com/intelligence/?action=showdeal&id=99606> South Pasadena $22.00 M 2/05/20 Gento <http://www.socaltech.com/intelligence/?action=showdeal&id=99607> Los Angeles $5.00 M 2/05/20 NGD Systems <http://www.socaltech.com/intelligence/?action=showdeal&id=99605> Irvine $20.00 M 2/04/20 Retina <http://www.socaltech.com/intelligence/?action=showdeal&id=99543> Santa Monica $2.50 M 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 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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 March 4, Santa Monica -- *The Montgomery Summit* *NEW* . See http://www.socaltech.com/calendar/eventid/26613 March 5, Pasadena -- *SCALE 18x* SCALE is North America's leading open source community conference. Held annually in the greater Los Angeles area the conference draws over 3500 attendees from around the globe. See http://www.socaltech.com/calendar/eventid/26575 March 5, Santa Monica -- *The Montgomery Summit* *NEW* . See http://www.socaltech.com/calendar/eventid/26614 ------------------------------ *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. 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