*socaltech.com <http://socaltech.com> TechNews - Tuesday, June 9, 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 * - Flowly Launches Virtual Reality, Relaxation App <#0079945> - Versant Ventures Launches New Company, Lycia Therapeutics, With $50M <#0079944> - Fralock Acquires Career Technologies USA <#0079943> - Vacos Launches AI Powered Security Camera <#0079946> - Avidity Biosciences Sets IPO Pricing Range <#0079942> - Pandemic Hits In Person VR Firm Spaces <#0079941> - Riot Games Commits $10M To Minority Owned Game Studio Investments <#0079940> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Technology Management and Operational Outsourcing – PulseOne <#ad765> - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> *Tuesday, June 9, 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 *Flowly Launches Virtual Reality, Relaxation App* <https://www.socaltech.com/fullstory/0079945.html> Los Angeles-based Flowly, a startup developing mobile apps to help manage chronic pain and anxiety, said today that it has launched a new app to help people relax using virtual reality. According to the company, its app offers up "beautiful and peaceful virtual reality and 360 degree worlds" which are tied into biofeedback for relaxation training. (More... <https://www.socaltech.com/fullstory/0079945.html>) *Versant Ventures Launches New Company, Lycia Therapeutics, With $50M* <https://www.socaltech.com/fullstory/0079944.html> San Diego-based venture investor Versant Ventures has launched a brand new company out of its Inception Discovery Engine incubator in San Diego, saying this morning it has invested $50M in Lycia Therapeutics. According to Versant Ventures, Lycia Therapeutics will use the funding to develop lysosomal targeting chimeras, or LYTACs, as therapeutics for a broad set of currently intractable cell surface targets. (More... <https://www.socaltech.com/fullstory/0079944.html>) *Fralock Acquires Career Technologies USA* <https://www.socaltech.com/fullstory/0079943.html> V (More... <https://www.socaltech.com/fullstory/0079943.html>) *Vacos Launches AI Powered Security Camera* <https://www.socaltech.com/fullstory/0079946.html> City of Industry-based Vacos announced last week that it has launched a new, artificial intelligence (AI) powered video camera, which it says is now available in the US, UK, Germany, France, Italy, Spain, and the Netherlands. The company said the camera is aimed at smart home applications, and is battery powered. The company said the new camera features WiFi, a spotlight, and "siren alarms", and was funded through campaigns on Indiegogo and Kickstarter back in November of 2019. (More... <https://www.socaltech.com/fullstory/0079946.html>) *Avidity Biosciences Sets IPO Pricing Range* <https://www.socaltech.com/fullstory/0079942.html> La Jolla-based Avidity Biosciences, which is developing oligonucleotide-based therapies for rare and serious diseases, has set the pricing range for its IPO, saying it is looking to sell 10 million shares at between $14.00 and $16.00 per share. The company said it has applied to list on the Nasdaq Global Market as RNA. Avidity Biosciences is venture backed by RTW Investments, Cormorant Asset Management, Eli Lilly and Company, ALETHEA Capital Management, and EcoR1 Capital. (More... <https://www.socaltech.com/fullstory/0079942.html>) *Pandemic Hits In Person VR Firm Spaces* <https://www.socaltech.com/fullstory/0079941.html> Santa Monica-based Spaces, led by CEO Shiraz Akmal, has had to shut down all of its VR rides and experiences worldwide due to the ongoing coronavirus pandemic, and has pivoted to building VR applications, acording to a report. The company--which had been building out a network of in-person, virtual reality (VR) rides in the U.S., China, and Japan--is a spinoff of Dreamworks Animation. The company's current focus in a VR users that lets users join Zoom video calls as an avatar. (More... <https://www.socaltech.com/fullstory/0079941.html>) *Riot Games Commits $10M To Minority Owned Game Studio Investments* <https://www.socaltech.com/fullstory/0079940.html> Los Angeles-based Riot Games is looking to help patch up rocky race relationships in the United States, saying over the weekend that it will invest $10M in minority-owned game studios, in addition to providing $1M to the Innocence Project and the ACLU (American Civil Liberties Union), via is Social Impact Fund. The donations are among a number being made by video game companies, including $1M from Zynga and $1M from Electronic Arts to a number of organizations supporting minority causes. (More... <https://www.socaltech.com/fullstory/0079940.html>) *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 *Technology Management and Operational Outsourcing – PulseOne <https://pulseone.com/sct/>* PulseOne is a business services company specialized in delivering IT-enabled solutions to emerging and high growth companies. Bringing together the world's best technologies, renowned engineering design, and proven implementation, PulseOne is uniquely positioned for Central and South Coast based businesses to plan, build and manage your technology infrastructure - from strategy to ongoing support. Our scalable model allows companies to utilize the services they need as they grow, making high value outsourced IT management cost effective for your growing business. Staffed with technology specialists and lead by business veterans, PulseOne is designed to support your business needs. For more information on what we can do for you, contact us via https://pulseone.com/sct/ or email us at [email protected]. *Accelerating Growth For Early Stage Innovation. <http://www.preccelerator.com>* The Preccelerator® Program is an accelerator for early-stage startups offered to select companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides initial capital, sophisticated legal services, interim office space, mentorship, a targeted curriculum, investment strategy counseling and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. www.preccelerator.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>* 6/03/20 TAE Life Sciences <https://www.socaltech.com/intelligence/?action=showdeal&id=100255> Foothill Ranch $30.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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 Minnie Ingersoll, Partner, TenOneTen* The Mindset of an Investor Today: A Webinar Series with Minnie Ingersoll, Partner, TenOneTen. 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. https://us02web.zoom.us/webinar/register/6515887198661/WN_wvniCritQEabyQHU4bjAgQ . See http://www.socaltech.com/calendar/eventid/26624 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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