*socaltech.com <http://socaltech.com> TechNews - Friday, June 12, 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 * - Avidity Biosciences Prices IPO <#0079962> - Google Sues Sonos Over Patents <#0079964> - VetPro Offers Up Software For Free <#0079963> - Headspace Raises $47.7M <#0079961> - SpaceX Planning New Launch From Vandenberg <#0079960> - Cue Health Connects With $100M <#0079959> - RocketLab Delays Launch To June 13th <#0079958> - Slingshot Aerospace Creates Online Mapping Tool For Food Help <#0079957> - inVia Robotics Expands Into Asia <#0079956> - Dimer In Deal With Partnership For Airplane Disinfection <#0079955> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad749> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Accelerating Growth For Early Stage Innovation. <#ad764> - Technology Management and Operational Outsourcing – PulseOne <#ad765> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> - Stradling <#ad608> *Friday, June 12, 2020* *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 *Avidity Biosciences Prices IPO* <https://www.socaltech.com/fullstory/0079962.html> San Diego-based Avidity Bio, a biopharmaceuticals company working on oligonucleotide-based therapies, priced its IPO last night, saying that it will offer up 14,400,000 shares of its common stock at $18.00 per share. The company priced above its initial estimated offering range of $14.00 to $16.00 per share. The company said it will begin trading on the Nasdaq Global Market today, June 12th, under the ticker symbol RNA. (More... <https://www.socaltech.com/fullstory/0079962.html>) *Google Sues Sonos Over Patents* <https://www.socaltech.com/fullstory/0079964.html> (More... <https://www.socaltech.com/fullstory/0079964.html>) *VetPro Offers Up Software For Free* <https://www.socaltech.com/fullstory/0079963.html> Irvine-based Panoramic-VetPro, a developer of software for state and county governments used to manage disability claims, said it will offer up its software to free to veteran service organizations. According to the company, it will offer up its disability claim management system, VetPro, to any organization that works to support disabled Veterans apply for benefits from the Department of Veterans Affairs during the COVID crisis. ( More... <https://www.socaltech.com/fullstory/0079963.html>) *Headspace Raises $47.7M* <https://www.socaltech.com/fullstory/0079961.html> Santa Monica-based meditation app provider Headspace has raised $47.7M in an equity funding round, according to a regulatory filing by the company, filed this week. The funding--an extension of its Series C funding--was announced at the Snap Partner Summit. According to the filing, the funding came from 10 different investors. (More... <https://www.socaltech.com/fullstory/0079961.html>) *SpaceX Planning New Launch From Vandenberg* <https://www.socaltech.com/fullstory/0079960.html> Hawthorne-based SpaceX is planning a new launch of a payload from Vandenberg Air Force Base, just north of Lompoc, the first since June of 2019. According to NASA, it will be launching a new, international ocean measurement satellite, Sentinel-6. NASA said that Sentinel-6 will collect data on ea level, a key indicator of how Earth's warming climate affects weather and coastlines. SpaceX's last launch in Vandenberg was a set of three earth observation satellites for the Government of Canada. (More... <https://www.socaltech.com/fullstory/0079960.html>) *Cue Health Connects With $100M* <https://www.socaltech.com/fullstory/0079959.html> San Diego-based Cue Health, a developer of rapid molecular testing products, has raised $100M in a Series C funding round, the company said this week. The funding came from Decheng Capital, Foresite Capital, Madrone Capital Partners, Johnson & Johnson Innovation - JJDC, Inc., ACME Capital and other investment firms, according to the company. Cue Health develops rapid molecular testing products, aimed at use in nursing homes, emergency departments, and community health clinics. (More... <https://www.socaltech.com/fullstory/0079959.html>) *RocketLab Delays Launch To June 13th* <https://www.socaltech.com/fullstory/0079958.html> Huntington Beach-based rocket launch provider Rocket Lab is again delaying its launch for this week, to June 13th. According to Rocket Lab, the delay--the second for the DontStopMeNow mission--is due to high winds at its LC-1 launch site. The company says the launch is now targeted for no earlier than 04:43 UTC on June 13th. The company's Electron rocket carries three payloads designed by the U.S. National Reconnaissance Office (NRO), which provides imagery and other information to U.S. (More... <https://www.socaltech.com/fullstory/0079958.html>) *Slingshot Aerospace Creates Online Mapping Tool For Food Help* <https://www.socaltech.com/fullstory/0079957.html> Los Angeles-based Slingshot Aerospace, a startup which normally develops situational intelligence software, is helping to address some of the major issues to emerge out of the global COVID-19 pandemic, by helping to create an online mapping tool for finding food help. (More... <https://www.socaltech.com/fullstory/0079957.html>) *inVia Robotics Expands Into Asia* <https://www.socaltech.com/fullstory/0079956.html> Westlake Village-based inVia Robotics, which develops warehouse automation robots, is in an expansion into Asia, with its first deployment in Osaka, Japan. According to inVia Robotics, it will supply its autonomous mobile robots to automate fulfillment operations in the primary distribution center of Kantsu, a provider of logistics and warehousing services to the e-commerce industry. Financial details of the deal were not announced. ( More... <https://www.socaltech.com/fullstory/0079956.html>) *Dimer In Deal With Partnership For Airplane Disinfection* <https://www.socaltech.com/fullstory/0079955.html> Los Angeles-based Dimer LLC, the maker of the "GermFalcon" germicidal lighting, has entered into a strategic partnership with Honeywell to the aviation market, the company said on Wednesday. According to Dimer, Honeywell will sell the GermFalcon as the Honeywell UV Cabin System for "airline recovery". Dimer's system uses ultraviolet light for disinfection of surfaces, something which has been used in the healthcare industry for years. (More... <https://www.socaltech.com/fullstory/0079955.html>) *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] *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]. *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 *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]. *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. ------------------------------ *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 Amplyx Pharmaceuticals <https://www.socaltech.com/intelligence/?action=showdeal&id=100104> San Diego $53.00 M 5/19/20 ChromaCode, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100103> Carlsbad $10.00 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 Postal.io <https://www.socaltech.com/intelligence/?action=showdeal&id=100009> San Luis Obispo $9.00 M 5/05/20 Orca Security <https://www.socaltech.com/intelligence/?action=showdeal&id=100008> Los Angeles $20.00 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 ------------------------------ *Recent Job Postings * More jobs at http://www.socaltech.com/Jobs ------------------------------ ------------------------------ *Sponsored By * Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). 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