*socaltech.com <http://socaltech.com> TechNews - Wednesday, March 4, 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 * - Disney Opens Up Apps For 2020 Disney Accelerator <#0079593> - Highview Capital Partners To Acquire AT&T's Quickplay <#0079592> - Sonos Adds New Directors To Board <#0079591> - Three LA Area Firms Selected For NASA Urban Mobility Challenge <#0079590> - CN2 Ventures Seeks To Raise $25M Fund <#0079589> - Boingo Wireless Target Of Acquisition Effort <#0079588> - Talespin Takes $15M For Virtual Reality Software <#0079587> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Recurring Revenue Conference - April 28 & 29 - Marina Del Rey <#ad761> - Pacific Western Bank, Venture Banking Group <#ad749> - Stubbs Alderton & Markiles Preccelerator <#ad694> *Wednesday, March 4, 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 *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 *Disney Opens Up Apps For 2020 Disney Accelerator* <http://www.socaltech.com/fullstory/0079593.html> The Walt Disney Company has opened up applications for its startup accelerator, the 2020 Disney Accelerator, saying that applications are due by April 3rd to apply for its three month mentorship program. According to Disney, it will select ten "growth-stage" startups to participate in its program, connecting them with Disney's leadership team and other mentorship. Disney said this year's program will begin in July, and run for three months until a Demo Day in October. (More... <http://www.socaltech.com/fullstory/0079593.html>) *Highview Capital Partners To Acquire AT&T's Quickplay* <http://www.socaltech.com/fullstory/0079592.html> Los Angeles-based private equity investor Highview Capital said on Tuesday that it has partnered with Toronto-based First light Media, to acquire AT&T's Quickplay unit, which had provided managed services for delivering "Over-The-Top" (OTT) video services. Financial details of the acquisition were not announced. Quickplay has operations in San Diego, Toronto, and Chennai. (More... <http://www.socaltech.com/fullstory/0079592.html>) *Sonos Adds New Directors To Board* <http://www.socaltech.com/fullstory/0079591.html> Santa Barbara-based Sonos, the developer and manufacturer of whole home, audio systems and devices, has named two new directors to its board, the company said Tuesday. According to Sonos, it has appointed Deirdre Findlay, Chief Marketing Officer of Conde Nast, and Joanna Coles, former Chief Content Officer of Hearst Magazines, to its Board of Directors. (More... <http://www.socaltech.com/fullstory/0079591.html>) *Three LA Area Firms Selected For NASA Urban Mobility Challenge* <http://www.socaltech.com/fullstory/0079590.html> Three Los Angeles area companies have been selected to participate in the NASA Urban Mobility Challenge, an effort to help promote the development of the use of multiple, unmanned aircraft all flying in dense urban environments. According to NASA, Santa Monica-based AirMap, Santa Monica-based Avision, and Los Angeles-based Ellis & Associates are among the many companies who have been accepted into participating in the effort. (More... <http://www.socaltech.com/fullstory/0079590.html>) *CN2 Ventures Seeks To Raise $25M Fund* <http://www.socaltech.com/fullstory/0079589.html> Los Angeles-based CN2 Ventures, a newly formed venture capital fund founded by Charles and Candace Nelson, said on Tuesday that it is looking to raise $25M in its first venture capital fund. The Nelsons are the founders of the Sprinkles cupcake chain. The announcement is unusual, in that the majority of venture capital investors will not discuss their fundraising efforts, due to SEC rules on fundraising. (More... <http://www.socaltech.com/fullstory/0079589.html>) *Boingo Wireless Target Of Acquisition Effort* <http://www.socaltech.com/fullstory/0079588.html> Los Angeles-based Boingo Wireless, which provides distributed antenna system (DAS), small cells and Wi-Fi services--including running its own network of Wi-Fi hotspots and small cell networks--says that it has received "multiple inquiries regarding a potential strategic transaction". The company, in its quarterly earning release, said it is "not commenting on rumors regarding the recent news story speculating the Company is exploring a potential sale. (More... <http://www.socaltech.com/fullstory/0079588.html>) *Talespin Takes $15M For Virtual Reality Software* <http://www.socaltech.com/fullstory/0079587.html> Culver City-based Talespin, a developer of virtual reality technology, has raised $15M in a Series B funding round, the company said this morning. The funding was led by Cornerstone OnDemand, and also included Farmers Insurance Exchange and HTC. Talespin develops virtual reality software used for employee training and other efforts. The company said it will use the funding to expand its solution into other fields, including insurance, telecommunications, technology, and healthcare. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=57900>)(More... <http://www.socaltech.com/fullstory/0079587.html>) *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]. *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 *Recurring Revenue Conference - April 28 & 29 - Marina Del Rey <https://www.recurringrevenueconference.com/>* Recurring Revenue Conference - April 28 & 29 - Marina Del Rey WHAT YOU'LL DISCOVER • Why investors continue to pay premium prices for companies with subscription revenue models • How leaders of successful subscription-based businesses are managing explosive growth • Why building/optimizing ongoing customer relationships is the lifeblood of subscription businesses • How to reduce Customer Acquisition Cost (CAC) while maintaining steady growth • How to increase customer lifetime value (LTV) Register today! https://www.recurringrevenueconference.com/ • Key insights to avoiding churn before it happens https://www.recurringrevenueconference.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] *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/ ------------------------------ *Recent Funding <#funding>* 3/03/20 TaleSpin LLC <http://www.socaltech.com/intelligence/?action=showdeal&id=99860> Culver City $15.00 M 2/27/20 Dray Alliance <http://www.socaltech.com/intelligence/?action=showdeal&id=99854> Lakewood $10.20 M 2/26/20 Flock Freight <http://www.socaltech.com/intelligence/?action=showdeal&id=99853> Solana beach $50.00 M 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 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 NGD Systems <http://www.socaltech.com/intelligence/?action=showdeal&id=99605> Irvine $20.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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 March 23, Los Angeles -- *Digital Summit LA* Digital Summit LA. Come experience the most impactful offering of digital marketing tips, strategies, and best practices, while networking with over 1000+ marketing professionals just like you. See http://www.socaltech.com/calendar/eventid/26611 ------------------------------ *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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