*socaltech.com <http://socaltech.com> TechNews - Friday, May 15, 2020* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://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 * - The Boring Company Completes Las Vegas Tunnel Dig <#0079861> - AeroVironment Gets $146M For Lethal Drones <#0079859> - Navy-Startup Center, Lab Sets Up In Port Hueneme <#0079860> - Semtech Gets Smart Meter Win <#0079862> - NextVR Acquired By Apple <#0079858> - Prodoscore Picks Up Series A <#0079855> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> *Friday, May 15, 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/ *The Boring Company Completes Las Vegas Tunnel Dig* <https://www.socaltech.com/fullstory/0079861.html> The The Boring Company, the Elon Musk company which is developing underground transportation systems, has completed digging its tunnels underneath the Las Vegas Convention Center. The tunnels are part of a planned effort to shuttle visitors to the property via a high speed underground transportation. The Las Vegas Convention and Visitors Authority is hoping to be transporting passengers on the system by January of 2021. The $52. (More... <https://www.socaltech.com/fullstory/0079861.html>) *AeroVironment Gets $146M For Lethal Drones* <https://www.socaltech.com/fullstory/0079859.html> Simi Valley-based unmanned aircraft systems maker AeroVironment says it has been awarded a $146M contract from the United States Army, for its "Switchblade" "aerial missile system". The company said the first year is worth $76M. The company said it will provide a full system, including Switchblade systems, operator training, and support and logistics. (More... <https://www.socaltech.com/fullstory/0079859.html>) *Navy-Startup Center, Lab Sets Up In Port Hueneme* <https://www.socaltech.com/fullstory/0079860.html> A new, 60,000 square foot lab and research center in port Hueneme has been set up by the U.S. Navy and its NavalX unit, to help reduce barriers between the Navy and non-traditional partners such as start-ups, small businesses, academia, non-profits, and private capital. According to NavalX, Port Hueneme is one of six new "Tech Bridge" locations for its NavalX Tech Bridge effort, and will be based at the FATHOMWERX laboratory at the Port of Hueneme. (More... <https://www.socaltech.com/fullstory/0079860.html>) *Semtech Gets Smart Meter Win* <https://www.socaltech.com/fullstory/0079862.html> Camarillo-based analog and mixed signal semiconductor provider Semtech has scored a design win with a utility meter developer, Vision Metering. According to Semtech, Vision Metering is a developer of Internet of Things (IoT) utility metering solutions, and will use its LoRa devices and LoRaWAN protocol in its smart electric meters. Expected shipment volumes and financial impact of the design win were not announced. (More... <https://www.socaltech.com/fullstory/0079862.html>) *NextVR Acquired By Apple* <https://www.socaltech.com/fullstory/0079858.html> Newport Beach-based NextVR, a developer of virtual reality technology, has been acquired by Apple, Apple disclosed on THursday afternoon. Financial terms of the acquisition were not announced. NextVR's backers had included CITIC Guoan Information Industry Co Ltd, NetEase, CMC Holdings, SoftBank Corp. (More... <https://www.socaltech.com/fullstory/0079858.html>) *Prodoscore Picks Up Series A* <https://www.socaltech.com/fullstory/0079855.html> Irvine-based Prodoscore, which develops software for monitoring employee productivity, has raised a Series A funding round, led by Troy Carter. Size of the investment was not announced. According to Prodoscore, the funding goes towards sales and product development. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=62174>)( More... <https://www.socaltech.com/fullstory/0079855.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]. *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] *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 ------------------------------ *Recent Funding <#funding>* 5/14/20 Prodoscore <https://www.socaltech.com/intelligence/?action=showdeal&id=100102> Irvine $0.00 M 5/13/20 Upkeep <https://www.socaltech.com/intelligence/?action=showdeal&id=100100> Los Angeles $36.00 M 5/06/20 BURST Oral Care <https://www.socaltech.com/intelligence/?action=showdeal&id=100010> Walnut $0.00 M 5/05/20 Orca Security <https://www.socaltech.com/intelligence/?action=showdeal&id=100008> Los Angeles $20.00 M 5/05/20 Postal.io <https://www.socaltech.com/intelligence/?action=showdeal&id=100009> San Luis Obispo $9.00 M 4/20/20 Faze Clan <https://www.socaltech.com/intelligence/?action=showdeal&id=100003> Los Angeles $40.00 M 4/17/20 Movandi Corp <https://www.socaltech.com/intelligence/?action=showdeal&id=100002> Irvine $27.00 M 4/16/20 Greenbits <https://www.socaltech.com/intelligence/?action=showdeal&id=99985> San Jose $23.00 M 4/16/20 Coconut Collaborative <https://www.socaltech.com/intelligence/?action=showdeal&id=99984> Los Angeles $7.00 M 4/14/20 Source Photonics <https://www.socaltech.com/intelligence/?action=showdeal&id=99983> West Hills $40.00 M 4/07/20 eResonate <https://www.socaltech.com/intelligence/?action=showdeal&id=99965> Playa Vista $1.00 M 4/02/20 SteadyMD, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=99938> Westlake Village $6.00 M 3/31/20 AristaMD, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=99937> La Jolla $18.00 M 3/20/20 Robin Games <https://www.socaltech.com/intelligence/?action=showdeal&id=99861> Venice $7.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html May 20, Los Angeles -- *The Mindset of an Investor Today: Mark Mullen, Bonfire Ventures* The Mindset of an Investor Today. Join Peter Cowen (Managing Director, Sutton Capital Partners) as we explore what SaaS investors are looking for in the current climate. Sutton Capital Partners and the Recurring Revenue Conference. 5/20/20 - Mark Mullen, Co-Founder, Bonfire Ventures. See http://www.socaltech.com/calendar/eventid/26619 June 3, Los Angeles -- *The Mindset of an Investor Today: Ben Narasin, Venture Partners, NEA* The Mindset of an Investor Today. Join Peter Cowen (Managing Director, Sutton Capital Partners) as we explore what SaaS investors are looking for in the current climate. Sutton Capital Partners and the Recurring Revenue Conference. 6/3/20 - Ben Narasin, Venture Partners, NEA. See http://www.socaltech.com/calendar/eventid/26620 June 10, Santa Monica -- *DigiMarCon West 2020 - Digital Marketing Conference & Exhibition* DigiMarCon West 2020 - Digital Marketing Conference & Exhibition. DigiMarCon West 2020 is your chance to ... - Hear from some of the most audacious and thought provoking speakers in the digital marketing industry. - Gain insight into emerging strategies, the latest innovative technologies, and best practices to move your business to the next level. - Network with thought leaders, collaborate with your peers and build your network in a beautiful atmosphere.. See http://www.socaltech.com/calendar/eventid/26597 June 10, Santa Monica -- *TECHSPO Los Angeles 2020* TECHSPO Los Angeles Technology Expo - June 10-11, 2020 - Los Angeles, CA. See http://www.socaltech.com/calendar/eventid/26604 June 11, Santa Monica -- *TECHSPO Los Angeles 2020* TECHSPO Los Angeles Technology Expo - June 10-11, 2020 - Los Angeles, CA. See http://www.socaltech.com/calendar/eventid/26605 ------------------------------ *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. 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