*socaltech.com <http://socaltech.com> TechNews - Friday, March 6, 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 * - SpaceX Signs Deal To Deliver Private Citizens To International Space Station <#0079605> - Cubic Names Chief Customer Officer <#0079606> - Sonos Kills Recycle Mode <#0079604> - Quibi Raises $350M More For Streaming Media Service <#0079603> - Lawsuit Against Kingston Goes To Jury Trial <#0079602> - Semtech Links With Blockchain Startup For Nationwide Network <#0079600> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> *Friday, March 6, 2020* *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) • Key insights to avoiding churn before it happens • Speaker lineup includes: Nick Mehta, Gainsight, Jesse Horwitz, Hubble Contacts, Tony Smith, Restaurant365, Brittany Stewart, BURST Oral Care and many more. Register today! https://www.recurringrevenueconference.com/ *SpaceX Signs Deal To Deliver Private Citizens To International Space Station* <http://www.socaltech.com/fullstory/0079605.html> Hawthorne-based SpaceX has inked a deal with Houston-based Axiom Space, to deliver private crews to the International Space Station, Axiom said on Thursday. According to Axiom Space, it has signed a contract with SpaceX to transport a professional commander and three private astronauts to and from the International Space Station, as soon as the second half of 2021. Axiom said that the mission will allow the crew to live aboard the ISS for at least eight days. (More... <http://www.socaltech.com/fullstory/0079605.html> ) *Cubic Names Chief Customer Officer* <http://www.socaltech.com/fullstory/0079606.html> San Diego-based *Cubic Corporation <http://www.cubic.com>* said this week that it has named Min Wei as the company's Senior Vice President and Chief Customer Officer. Cubic, which provides services to the transportation, defense, and training markets, said that Wei will lead a new customer experience function, handling global quality, configuration management, logistics support and customer experience. Wei has been at Cubic since 2009.(More... <http://www.socaltech.com/fullstory/0079606.html>) *Sonos Kills Recycle Mode* <http://www.socaltech.com/fullstory/0079604.html> Santa Barbara-based whole home music device maker Sonos is backing away from its "Recycle Mode" feature, which it had introduced last year, which had required customers to "brick" their old devices to take advantage of a trade up deal from the company. The effort--which has been part of a Sonos effort to encourage owners of its older hardware to upgrade--had been introduced at the end of 2019. (More... <http://www.socaltech.com/fullstory/0079604.html>) *Quibi Raises $350M More For Streaming Media Service* <http://www.socaltech.com/fullstory/0079603.html> Los Angeles-based Quibi, the short form video streaming startup which was founded by Jeffrey Katzenberg and Meg Whitman, has raised $350M in funding, bringing the total raised for the yet-to-be-launched venture to an astounding $1.75 billion. Names and details of the investors in the new funding round were not announced. Quibi is hoping to launch its service in a month, saying it plans to open up access to its service on April 6th. ( More... <http://www.socaltech.com/fullstory/0079603.html>) *Lawsuit Against Kingston Goes To Jury Trial* <http://www.socaltech.com/fullstory/0079602.html> A $15M lawsuit against Fountain Valley-based Kingston Technology has gone to jury trial, with a company, Pavo Solutions LLC, seeking $15M in damages for what it says is patent infringement on a design for a swiveling USB flash memory cover. According to a report from Law360, Pavo Solutions claims Kingston made "tens of millions of dollars in profits and $233 million in sales" from the USB flash memory device which uses the swiveling cover. Pavo Solutions is based in South Korea. (More... <http://www.socaltech.com/fullstory/0079602.html>) *Semtech Links With Blockchain Startup For Nationwide Network* <http://www.socaltech.com/fullstory/0079600.html> Camarillo-based analog and mixed signal semiconductor developer Semtech says it has linked with peer-to-peer wireless network operator Helium, to develops a nationwide network supporting its LoRaWAN protocol. According to the companies, Helium's network is now fully compatible with the LoRaWAN protocol, which will allow "hundreds of millions" of LoRa-based devices to connect nationwide. Financial details of the deal were not announced. ( More... <http://www.socaltech.com/fullstory/0079600.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 *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] *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>* 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 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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. 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