*socaltech.com <http://socaltech.com> TechNews - Wednesday, May 27, 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 * - ServiceTitan Acquires Pointman <#0079898> - Bird Sees Increase In Rides Over Memorial Day <#0079900> - Newegg Ramps Vendor Services To Include Direct-to-Consumer Marketing <#0079899> - Platform Science Picks Up $42M For Fleet Management <#0079897> - Apeel Sciences Snags Massive $250M Funding <#0079896> - SpaceX Gears Up For Possible Crew Launch On Wednesday <#0079895> - Turtle Beach Sees Record Retail Sales <#0079894> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Resources For UK Companies and Investors Impacted By Coronavirus <#ad762> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> - Stradling <#ad608> - Stubbs Alderton & Markiles Preccelerator <#ad694> *Wednesday, May 27, 2020* *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 *ServiceTitan Acquires Pointman* <https://www.socaltech.com/fullstory/0079898.html> Los Angeles-based ServiceTitan, which develops a cloud-based software platform used by residential and commercial service contractors to manage their businesses, has acquired Pointman, a New York-based company that develops software for contractors. Financial terms of the acquisition were not announced. According to ServiceTitan, Pointman combines operations management software for contractors with ongoing coaching, analysis, feedback, and peer connections. (More... <https://www.socaltech.com/fullstory/0079898.html>) *Bird Sees Increase In Rides Over Memorial Day* <https://www.socaltech.com/fullstory/0079900.html> In good news for Santa Monica-based Bird--but perhaps, not so good for spread of the COVID-19 pandemic--the Southern California e-scooter provider said that it has seen a "sharp increase" in the number of rides being taken on its scooters leading up to Memorial Day. Bird said that it also has been seeing "significantly longer rides" since shelter in place measures began to lift in late April. (More... <https://www.socaltech.com/fullstory/0079900.html>) *Newegg Ramps Vendor Services To Include Direct-to-Consumer Marketing* <https://www.socaltech.com/fullstory/0079899.html> Los Angeles-based online e-commerce retailer Newegg says it is expanding its services to help its vendors, with a new "Direct-to-Consumer" initiative. According to Newegg, the effort helps its vendor partners "maximize their reach" within the Newegg platform. Newegg said it will provide everything from marketing to merchandising to logistics for those vendor partners. Pricing on the new service were not announced. (More... <https://www.socaltech.com/fullstory/0079899.html>) *Platform Science Picks Up $42M For Fleet Management* <https://www.socaltech.com/fullstory/0079897.html> La Jolla-based Platform Science, a developer of fleet management software and technology, has raised $42M in a Series B funding, the company disclosed recently. The funding was led by Prologis, and also include Daimler Trucks AG, 8VC, NewRoad Capital Partners, Schematic Ventures, and Cambridge Capital. Platform Science had announced a partnership with Daimler Trucks North America, along with Daimler's participation in its Series B, at the beginning of May. (More... <https://www.socaltech.com/fullstory/0079897.html>) *Apeel Sciences Snags Massive $250M Funding* <https://www.socaltech.com/fullstory/0079896.html> Goleta-based Apeel Sciencs, a startup developing technology which coats fresh fruit and vegetables with what it calls an "extra peel" to help preserve fruit for longer, has raised a huge, $250M funding round, the company said on Tuesday. The funding was led by GIC. The funding--which values the company at over one billion dollars--adds the company to Southern California's list of "unicorn" companies. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=100217>)(More... <https://www.socaltech.com/fullstory/0079896.html>) *SpaceX Gears Up For Possible Crew Launch On Wednesday* <https://www.socaltech.com/fullstory/0079895.html> Hawthorne-based SpaceX is gearing up for a possible launch of the Crew Dragon mission--and the first delivery of astronauts into space from U.S. soil--on Wednesday. The flight--which will take two NASA astronauts, Col. Doug Hurley and Bob Behnken--to the International Space Station--currently is facing possible weather delays, with only a 60% favorable weather forecast. (More... <https://www.socaltech.com/fullstory/0079895.html>) *Turtle Beach Sees Record Retail Sales* <https://www.socaltech.com/fullstory/0079894.html> San Diego-based gaming headset maker Turtle Beach Products says it is seeing "record" retail sales in April, as a result of an industry-wide increase in gaming accessories. According to the company, its retail sales in April were more than double the brand's prior all-time high from April 2018. Financial details on those sales were not announced. (More... <https://www.socaltech.com/fullstory/0079894.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]. *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) *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] *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. *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>* 5/26/20 Apeel Sciences <https://www.socaltech.com/intelligence/?action=showdeal&id=100217> Goleta $250.00 M 5/21/20 Aspiration <https://www.socaltech.com/intelligence/?action=showdeal&id=100213> Marina Del Rey $135.00 M 5/19/20 ChromaCode, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100103> Carlsbad $10.00 M 5/19/20 Amplyx Pharmaceuticals <https://www.socaltech.com/intelligence/?action=showdeal&id=100104> San Diego $53.00 M 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 Coconut Collaborative <https://www.socaltech.com/intelligence/?action=showdeal&id=99984> Los Angeles $7.00 M 4/16/20 Greenbits <https://www.socaltech.com/intelligence/?action=showdeal&id=99985> San Jose $23.00 M 4/14/20 Source Photonics <https://www.socaltech.com/intelligence/?action=showdeal&id=99983> West Hills $40.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html May 27, San Diego -- *CARES Act w/Moss Adams* CARES Act w/Moss Adams. CONNECT. Get key information regarding the Coronavirus Aid, Relief, and Economic Security (CARES) Act in this Webinar presented by Moss Adams Partner in Charge, Gerardo Godinez and Tax Senior Manager, Desiree Klassen. See http://www.socaltech.com/calendar/eventid/26623 May 27, Los Angeles -- *The Mindset of an Investor Today: A Webinar Series with Arlan Hamilton* The Mindset of an Investor Today: A Webinar Series with Arlan Hamilton, Founder and Managing Partner, Backstage Capital. Join Peter Cowen (Managing Director, Sutton Capital Partners) as we explore what investors are looking for in the current climate. Presented by Sutton Capital Partners and the Recurring Revenue Conference. See http://www.socaltech.com/calendar/eventid/26621 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 10, Los Angeles -- *The Mindset of an Investor Today: A Webinar Series with Mike Jones, Co-Founder and CEO, Science, Inc. * The Mindset of an Investor Today: A Webinar Series with Mike Jones, Co-Founder and CEO, Science, Inc. Join Peter Cowen (Managing Director, Sutton Capital Partners) as we explore what investors are looking for in the current climate. Presented by Sutton Capital Partners and the Recurring Revenue Conference.. See http://www.socaltech.com/calendar/eventid/26622 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. 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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