*socaltech.com <http://socaltech.com> TechNews - Friday, April 17, 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 * - Movandi Finds $27M In Series C <#0079761> - Pony.ai Launches Driverless Delivery In Irvine <#0079760> - Instacart Expands Prescription Delivery From Costco <#0079759> - Riot Games Buys Hypixel Studios <#0079758> - Wavemaker Three-Sixty Health Launches New Fund <#0079754> *Marketplace* - Resources For UK Companies and Investors Impacted By Coronavirus <#ad762> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - BDO - Southern California Technology Industry Team <#ad737> *Friday, April 17, 2020* *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]. *Movandi Finds $27M In Series C* <http://www.socaltech.com/fullstory/0079761.html> Irvine-based hardware maker Movandi, a developer of millimeter wave, wireless technology used for 5G networks, has raised $27M in a Series C funding, according to the company. The funding was led by WRVI Capital, and also included Cota Capital and DNX Ventures. According to ovandi, it will use the new funding to further develop its 5G millimeter wave technology and expand rollout of 5G networks and devices. Movandi is led by CEO and co-founder Maryam Rofougaran. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=55370>)(More... <http://www.socaltech.com/fullstory/0079761.html>) *Pony.ai Launches Driverless Delivery In Irvine* <http://www.socaltech.com/fullstory/0079760.html> Pony.ai, a Chinese developer of self driving cars, said this morning that it has begun using its driverless cars for deliveries in Irvine, California, for purchases made off the e-commerce site Yamibuy. The move comes after the company's plan to launch a "robo-taxi" service were suspended due to widespread "shelter-in-place" in California. Yamibuy is an online site focused on imported Asian goods, like snacks, grocery, and other items. Pony. (More... <http://www.socaltech.com/fullstory/0079760.html>) *Instacart Expands Prescription Delivery From Costco* <http://www.socaltech.com/fullstory/0079759.html> On-demand delivery service Instacart said on Thursday that it has expanded what had been a multi-store pilot in Southern California for prescription delivery from Costco. Instacart said it is delivering prescriptions from Costco from nearly 200 Costco pharmacies, across seven states and Washington D.C. The company said the expansion of the delivery comes as a result of online delivery demand amid the COVID-19 pandemic. (More... <http://www.socaltech.com/fullstory/0079759.html>) *Riot Games Buys Hypixel Studios* <http://www.socaltech.com/fullstory/0079758.html> Los Angeles-based Riot Games, which publishes League of Legends, said on Thursday that it has acquired Hypixel Studios, the developer of Hytale, a block-based game which combines a Minecraft-like environment with roleplaying elements. Financial terms of the acquisition were not announced. Hypixel Studios is based in Derry-Londonderry, North Ireland. Hypixel Studios was founded in 2018, and was angel backed, including investors from Riot Games. (More... <http://www.socaltech.com/fullstory/0079758.html>) *Wavemaker Three-Sixty Health Launches New Fund* <http://www.socaltech.com/fullstory/0079754.html> Pasadena-based Wavemaker Three-Sixty Health, a healthcare innovation fund led by Jay Goss and Dr. John Nackel, says it has launched a new venture capital fund, Wavemaker Three-Sixty Health Fund II. Size of the new fund was not announced. According to Wavemaker 360, the fund focuses on healthcare start-ups seeking seed-stage investment, and importantly avoids biotech. (More... <http://www.socaltech.com/fullstory/0079754.html>) *Resources For UK Companies and Investors Impacted By Coronavirus <https://www.businesssupport.gov.uk/coronavirus-business-support/>* If you are a UK company, or an investor in the UK, and the Coronavirus is affecting your business: https://www.businesssupport.gov.uk/coronavirus-business-support/ If you have a UK registered business this is the primary source of information regarding the British Governments response and how to access that support. This includes employee furlough support, the large business loan scheme, corporate financing facility, HMRC’s ‘Time to Pay’ tax service, and VAT deferral. >From UK Government's Department for International Trade (DIT) *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 *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 *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 ------------------------------ *Recent Funding <#funding>* 4/17/20 Movandi Corp <http://www.socaltech.com/intelligence/?action=showdeal&id=100002> Irvine $27.00 M 4/16/20 Coconut Collaborative <http://www.socaltech.com/intelligence/?action=showdeal&id=99984> Los Angeles $7.00 M 4/16/20 Greenbits <http://www.socaltech.com/intelligence/?action=showdeal&id=99985> San Jose $23.00 M 4/14/20 Source Photonics <http://www.socaltech.com/intelligence/?action=showdeal&id=99983> West Hills $40.00 M 4/07/20 eResonate <http://www.socaltech.com/intelligence/?action=showdeal&id=99965> Playa Vista $1.00 M 4/02/20 SteadyMD, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=99938> Westlake Village $6.00 M 3/31/20 AristaMD, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=99937> La Jolla $18.00 M 3/20/20 Robin Games <http://www.socaltech.com/intelligence/?action=showdeal&id=99861> Venice $7.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ *Recent Job Postings * More jobs at http://www.socaltech.com/Jobs ------------------------------ ------------------------------ *Sponsored By * 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
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
