*socaltech.com <http://socaltech.com> TechNews - Thursday, June 18, 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 * - Rubicon Project Loses President <#0079988> - Illumina Acquires BlueBee <#0079987> - Engrail Therapeutics Finds $32M <#0079986> - GoodRx Names CFO and President, Healthcare <#0079989> - Tinder's Parent Company Criticizes Apple's App Store Fees <#0079985> - DroneBase Lands $7.5M In Series C <#0079984> *Marketplace* - Technology Management and Operational Outsourcing – PulseOne <#ad765> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Thursday, June 18, 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 *Rubicon Project Loses President* <https://www.socaltech.com/fullstory/0079988.html> Los Angeles-based advertising exchange operator *Rubicon Project <https://www.rubiconproject.com>* has lost its President and COO, Mark Zagorski, the company said early this morning. According to Rubicon Project, Zagorski, currently President and Chief Operating Officer, will resign at the end of June to "pursue a new opportunity". The company said that its CEO, Michael Barrett, will re-assume the President role as a result of Zagorski's departure.(More... <https://www.socaltech.com/fullstory/0079988.html>) *Illumina Acquires BlueBee* <https://www.socaltech.com/fullstory/0079987.html> San Diego-based life sciences giant Illumina said late Wednesday that it has acquired BlueBee, a developer of cloud-based software for genomic analysis. Financial terms of the acquisition were not announced. BlueBee was a spinoff from Delft University of Technology (TU Delft), and was venture backed by Buysse & Partners, Korys, Quest for Growth, Capricorn Partners, Heran Partners, Delft Enterprises and Participatie Maatschappij Vlaanderen. (More... <https://www.socaltech.com/fullstory/0079987.html>) *Engrail Therapeutics Finds $32M* <https://www.socaltech.com/fullstory/0079986.html> San Diego-based Engrail Therapeutics, a biopharmaceuticals company developing treatments for diseases of the nervous system, has raised $32M in a Series A funding, the company announced this mroning. The funding was led by Nan Fung Life Sciences (NFLS). The company said the funding will go towards clinical development of its first pipeline asset, ENX-101, a sub-type selective GABA A modulator. Vikram Sudarsan, Ph.D. is CEO and President of the new company. (More... <https://www.socaltech.com/fullstory/0079986.html>) *GoodRx Names CFO and President, Healthcare* <https://www.socaltech.com/fullstory/0079989.html> Santa Monica-based GoodRx says it has named Karsten Voermann as Chief Financial Officer and Bansi Nagji as President, Healthcare, saying that it is in the midst of rapid growth. The company said it hired 65 new full-time employees since March, increasing its headcount by 22 percent. The company says it now has a total of 350 employees. (More... <https://www.socaltech.com/fullstory/0079989.html>) *Tinder's Parent Company Criticizes Apple's App Store Fees* <https://www.socaltech.com/fullstory/0079985.html> Match Group, the parent company of Los Angeles-based dating app developer Tinder, has joined in on criticizing Apple for its fees--saying that Apple "squeezes industries" like like e-books, music and video streaming, cloud storage, gaming and online dating for 30% of their revenue. The statement comes as a major antitrust case against Apple was filed in the EU. (More... <https://www.socaltech.com/fullstory/0079985.html>) *DroneBase Lands $7.5M In Series C* <https://www.socaltech.com/fullstory/0079984.html> Santa Monica-based drone data management software developer DroneBase announced on Wednesday morning that it has raised $7.5M in a Series C funding. The funding round came from invest investors Valor Equity Partners and Razi Ventures, and also included prior investors Union Square Ventures (USV), Upfront Ventures, Hearst Ventures, Pritzker Group Venture Capital, and DJI. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=49605>)(More... <https://www.socaltech.com/fullstory/0079984.html>) *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 *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]. ------------------------------ *Recent Funding <#funding>* 6/17/20 DroneBase, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100472> Los Angeles $7.50 M 6/16/20 UNEST <https://www.socaltech.com/intelligence/?action=showdeal&id=100471> Hollywood $9.00 M 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 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 ------------------------------ *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. 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