*socaltech.com <http://socaltech.com> TechNews - Friday, February 21, 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 * - Liquid Death Takes $9M In Series A <#0079551> - Brace Picks Up $10M For Mortgage Serving Software <#0079549> - Iteris Gets Win In Minneapolis <#0079548> - Inseego Names Head Of IoT, Mobile Solutions <#0079550> - Amazon Starts Selling Used Bird Scooters <#0079547> - SmartBug Media Gets Private Equity Investment <#0079543> - Cloudbreak Health Finds $10M For Telemedicine Platform <#0079542> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - BDO - Southern California Technology Industry Team <#ad737> - Facilitated Off-Site Planning for Growth Companies and Venture Firms <#ad753> - Stradling <#ad608> *Friday, February 21, 2020* *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] *Liquid Death Takes $9M In Series A* <http://www.socaltech.com/fullstory/0079551.html> Los Angeles-based Liquid Death, the canned water brand backed by Science, Inc., has raised $9M in a Series A funding, as the company continues to expand distribution of its products. The company--known as much for the way it markets its products as the product itself--said the funding was led by Velvet Sea Ventures, and also included Jamie Siminoff (founder of Ring), Jake Strom and Blake Mycoskie (TOMS), Sophia Amoruso (GirlBoss), and Nick Green (Thrive Market). Science Inc. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=99802> )(More... <http://www.socaltech.com/fullstory/0079551.html>) *Brace Picks Up $10M For Mortgage Serving Software* <http://www.socaltech.com/fullstory/0079549.html> Santa Monica-based Brace, a startup developing software to automate mortgage servicing, has raised $10M in a Series A funding round, according to the company. The funding was led by Point72 Ventures, and also included Crosslink Capital. Brace said the new funding brings its total raised to $15M. The new funds will go towards expansion of its platform and technology. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=61976>)( More... <http://www.socaltech.com/fullstory/0079549.html>) *Iteris Gets Win In Minneapolis* <http://www.socaltech.com/fullstory/0079548.html> Santa Ana-based Iteris reported this week that it has scored a win in the City of Minneapolis, which will install the company's video detection systems. Financial impact of the deal was not announced. Iteris said its Vantage Next detection systems can differentiate between vehicles, bicycles, and pedestrian, and can count all of those for use by city traffic engineers, allowing signal timing to be improved, and police or other emergency resources to be deployed more effectively. (More... <http://www.socaltech.com/fullstory/0079548.html>) *Inseego Names Head Of IoT, Mobile Solutions* <http://www.socaltech.com/fullstory/0079550.html> San Diego-based wireless device developer Inseego said late Thursday that it has named Ashish Sharma as President of IoT and Mobile Solutions. Sharma has been the company's Executive Vice President IoT & Mobile Solutions since September of 2017, and also has been the company's Chief Marketing Officer. The company says Sharma is responsible for advanced technology, product line management and engineering. Prior to Inseego he was at Spectralink, serving as Chief Marketing Officer. (More... <http://www.socaltech.com/fullstory/0079550.html>) *Amazon Starts Selling Used Bird Scooters* <http://www.socaltech.com/fullstory/0079547.html> Tired of using public, on-demand scooters? Want your own Bird scooter? Amazon has apparently started selling used Bird scooters on its website today, through the "Amazon Renewed" program. The scooters--Bird's ES1-300--are also available new, however, the used versions are being sold for just $289.99. A new, "Bird One" scooter purchased directly through Bird will set users back by $1299.00. (More... <http://www.socaltech.com/fullstory/0079547.html>) *SmartBug Media Gets Private Equity Investment* <http://www.socaltech.com/fullstory/0079543.html> Irvine-based SmartBug Media, a marketing agency which helps businesses with lead generation, has received a private equity investment from American Discovery Capital (ADC). Financial details of that investment were not announced. According to SmartBug Media, the two have formed a strategic partnership, and will use the funding to accelerate its growth. SmartBug Media said it provides inbound marketing, digital strategy, design, marketing automation, and public relations services. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=61936>)( More... <http://www.socaltech.com/fullstory/0079543.html>) *Cloudbreak Health Finds $10M For Telemedicine Platform* <http://www.socaltech.com/fullstory/0079542.html> Los Angeles-based Cloudbreak Health, which develops a platform used for telemedicine efforts, has raised $10M in an investment round, the company announced this morning. According to the company, the funding came from Columbia Partners Private Capital. The company said the new funding will go towards expanding its footprint, and for growth and product innovation. As part of the funding, Saul Waller, Vice President at Columbia Partners Private Capital will join the company's board. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=44773>)(More... <http://www.socaltech.com/fullstory/0079542.html>) *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 *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] *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 *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 *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>* 2/21/20 Brace <http://www.socaltech.com/intelligence/?action=showdeal&id=99803> Santa Monica $10.00 M 2/20/20 SmartBug Media <http://www.socaltech.com/intelligence/?action=showdeal&id=99733> Irvine $0.00 M 2/20/20 Liquid Death <http://www.socaltech.com/intelligence/?action=showdeal&id=99802> Santa Monica $9.00 M 2/20/20 Cloudbreak Health, LLC <http://www.socaltech.com/intelligence/?action=showdeal&id=99732> El Segundo $10.00 M 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 GumGum <http://www.socaltech.com/intelligence/?action=showdeal&id=99720> Santa Monica $22.00 M 2/13/20 Seqster <http://www.socaltech.com/intelligence/?action=showdeal&id=99719> San Diego $0.00 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 NGD Systems <http://www.socaltech.com/intelligence/?action=showdeal&id=99605> Irvine $20.00 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 2/04/20 Retina <http://www.socaltech.com/intelligence/?action=showdeal&id=99543> Santa Monica $2.50 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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