*socaltech.com <http://socaltech.com> TechNews - Wednesday, February 19, 2020* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News ------------------------------
*Sponsored By * 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 * - Digital Motors Gets Investment From AutoTech Ventures <#0079539> - Cicero Diagnostics Finds $1M In SBIR Grant <#0079540> - Ubers Chops LA Office, Cuts Around 80 Employees <#0079538> - Croquet Connects With $2.7M For AR App, Game Development Tools <#0079537> - Jam City Launches New Game, World War Doh <#0079536> - SpaceX To Offer Space Tourism Trip <#0079535> - Open Raven Finds $4.1M In Funding <#0079534> - Ring Upgrades Account Security, In Welcome Move <#0079531> *Marketplace* - BDO - Southern California Technology Industry Team <#ad737> - Tech Coast Map & Calendar – Put Your Company On The Map! <#ad717> - Become a Socaltech Supporter! <#ad724> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - UK Government's Department for International Trade (DIT) <#ad756> *Wednesday, February 19, 2020* *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/ *Digital Motors Gets Investment From AutoTech Ventures* <http://www.socaltech.com/fullstory/0079539.html> Irvine-based Digital Motors, which develops software for the automotive industry, said this morning that it has received an investment from investor Autotech Ventures. Size of the investment was not announced. According to Digital Motors, it will use the new funding to accelerate its efforts. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=99731> )(More... <http://www.socaltech.com/fullstory/0079539.html>) *Cicero Diagnostics Finds $1M In SBIR Grant* <http://www.socaltech.com/fullstory/0079540.html> Huntington Beach-based Cicero Diagnostics, a company developing women's healthcare diagnostics, has received $1M in a Phase II SBIR Fast Track grant, from the National Institutions of Health (NIH), the company announced this morning. The company said the grant will go towards further research on its efforts to monitor biomarkers for unexplained infertility, failed implantation, and recurrent pregnancy loss. (More... <http://www.socaltech.com/fullstory/0079540.html>) *Ubers Chops LA Office, Cuts Around 80 Employees* <http://www.socaltech.com/fullstory/0079538.html> Uber is shutting down its Los Angeles offices, and has laid off about 80 employees, according to the LA Times. According to The Times, jobs from the download LA location have been moved to Manila, with staffers suddenly informed of the cuts last Thursday. A leaked message from Uber's manager in LA, published by The Times said "We have decided to close the downtown L.A. office and we will be moving the outreach and innovation work to our Manila C.O.E. (More... <http://www.socaltech.com/fullstory/0079538.html>) *Croquet Connects With $2.7M For AR App, Game Development Tools* <http://www.socaltech.com/fullstory/0079537.html> A new, Los Angeles-based startup, Croquet Corporation has raised $2.7M in a seed funding round, to go towards its development of tools to power apps and games for 5G and augmented reality (AR), the company said on Tuesday. The startup--led by CEO and founder David A. Smith--said that the funding was led by SIP Global Partners (SIP GP), which invested $2.0M in the seed funding. (More... <http://www.socaltech.com/fullstory/0079537.html>) *Jam City Launches New Game, World War Doh* <http://www.socaltech.com/fullstory/0079536.html> Culver City-based *Jam City <http://www.jamcity.com>*, which develops mobile games, has launched a new game, called *World War Doh*, which was developed by a Bogota, Columbia game studio called *Brainz*. Jam City acquired Brainz in March of 2018. The new game allows players to play each other one-on-one, taking the place of two "maniacal brothers" and their "army of misfits". The game is launching first on Google Android, but also will be available on iOS.(More... <http://www.socaltech.com/fullstory/0079536.html>) *SpaceX To Offer Space Tourism Trip* <http://www.socaltech.com/fullstory/0079535.html> Hawthorne-based SpaceX has inked a deal with Space Adventures, to launch private citizens into space on the SpaceX Crew Dragon, according to Spacex and Space Adventures. According to Space Adventures, it is in an agreement with SpaceX to fly up to four individuals with a change to fly on the Crew Dragon, with an "opportunity to break the world altitude record for private citizen spaceflight and see planet Earth the way no one has since the Gemini program. (More... <http://www.socaltech.com/fullstory/0079535.html>) *Open Raven Finds $4.1M In Funding* <http://www.socaltech.com/fullstory/0079534.html> Los Angeles-based Open Raven, a developer of data security tools, has raised $4.1M in a funding round, according to the company. The funding was led by Upfront Ventures. The funding was led by Upfront's Kara Nortman, and also included Phil Venables (former Chief Information Risk Officer of Goldman Sachs), Niloo Razi Howe (RSA), and Signal Sciences. Open Raven says its data security tools are aimed at battling data breaches. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=61927>)( More... <http://www.socaltech.com/fullstory/0079534.html>) *Ring Upgrades Account Security, In Welcome Move* <http://www.socaltech.com/fullstory/0079531.html> Santa Monica-based security doorbell and camera maker Ring, which is part of Amazon, has upgraded its account security features, announcing a major upgrade to its privacy, security, and control features. Ring said that, among other upgrades, it will now require "two-factor" authentication for all of its users when they log into their Ring accounts. Ring said that with every login of a Ring account, users will receive a one time, six-digit code in order gain access to an account. (More... <http://www.socaltech.com/fullstory/0079531.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 *Tech Coast Map & Calendar – Put Your Company On The Map! <https://www.siliconmaps.com/tech-coast/>* Include your company on the Tech Coast Map and be part of the iconic industry symbol of Technology Innovation in Southern California. The map is promoted through Print, Digital, and web with an online interactive version of the map. Take part in the effective map campaign to support your region, brand and location(s) while promoting your company as an industry leader. The custom imprinted Poster/Calendars make the perfect promotional year-end gift for stakeholders. View the large interactive map at https://www.siliconmaps.com/tech-coast/ Contact [email protected] for more information and mention Socal Tech for special industry rates. *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. *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 *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 ------------------------------ *Recent Funding <#funding>* 2/19/20 Digital Motors <http://www.socaltech.com/intelligence/?action=showdeal&id=99731> Irvine $0.00 M 2/18/20 Open Raven <http://www.socaltech.com/intelligence/?action=showdeal&id=99721> Marina Del Rey $4.10 M 2/13/20 Seqster <http://www.socaltech.com/intelligence/?action=showdeal&id=99719> San Diego $0.00 M 2/13/20 GumGum <http://www.socaltech.com/intelligence/?action=showdeal&id=99720> Santa Monica $22.00 M 2/12/20 HEADSPACE, INC. <http://www.socaltech.com/intelligence/?action=showdeal&id=99703> Santa Monica $53.00 M 2/10/20 JenaValve Technology Inc <http://www.socaltech.com/intelligence/?action=showdeal&id=99680> Irvine $50.00 M 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 ------------------------------ *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* Montgomery Summit 2020. The Montgomery Summit is an invitation-only event that gathers leading entrepreneurs, venture and growth investors, institutional investors, and industry executives from around the world. The Montgomery Summit has been held annually since 2004, and it has grown into the country’s largest private company investment conference, annually featuring presentations from the CEOs of 150 exceptional private companies, world-class keynote speakers and engaging panels and discussions. 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* Montgomery Summit 2020. The Montgomery Summit is an invitation-only event that gathers leading entrepreneurs, venture and growth investors, institutional investors, and industry executives from around the world. The Montgomery Summit has been held annually since 2004, and it has grown into the country’s largest private company investment conference, annually featuring presentations from the CEOs of 150 exceptional private companies, world-class keynote speakers and engaging panels and discussions. 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. 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. 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