*socaltech.com <http://socaltech.com> TechNews - Thursday, July 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 * - Synadia Communications Snags Investment From Accenture <#0080069> - Kernel Collects $53M For Brain Recording <#0080068> - Criteria Launches Emotional Assessment Tool <#0080070> - Advantech Rolls Out AI Tools For Pandemic Screening <#0080071> - Mindbody's Stollmeyer Shift To Executive Chair <#0080072> - Uber Drivers In Southern California Now Can Set Their Own Price <#0080067> - Nomad Homes, With Team In LA, Gets $4M <#0080066> - Tinder Now Testing Video Dating <#0080065> - Karma Automotive Picks Up $100M More <#0080064> - VelosBio Finds $137M For Oncology Efforts <#0080061> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> - Pacific Western Bank, Venture Banking Group <#ad749> *Thursday, July 9, 2020* *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]. *Synadia Communications Snags Investment From Accenture* <https://www.socaltech.com/fullstory/0080069.html> Los Angeles-based Synadia Communications, a software startup that is behind the open source NATS.io project, has raised a round of funding from Accenture, the two companies said today. Size of the strategic investment was not announced. NATS.io is an open source project for cloud applications, IoT messaging, and microservice architectures, which says it is being used by companies such as MasterCard, Ericsson, HTC, Siemens, VMware, and others. (More... <https://www.socaltech.com/fullstory/0080069.html>) *Kernel Collects $53M For Brain Recording* <https://www.socaltech.com/fullstory/0080068.html> Los Angeles-based Kernel, a startup developing "brain recording" technology which monitors magnetic fields and neural activity in the brain, has raised $53M in a Series C funding round, the company announced this morning. the funding was led by General Catalyst, and also included Khosla Ventures, Eldridge, Manta Ray Ventures, and Tiny Blue Dot. The startup, led by founder and CEO Bryan Johnson, said the funding is the first outside funding of the company. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=100542> )(More... <https://www.socaltech.com/fullstory/0080068.html>) *Criteria Launches Emotional Assessment Tool* <https://www.socaltech.com/fullstory/0080070.html> Los Angeles-based Criteria, a developer of tools used for pre-employment assessment, has launched a new tool to measure emotional intelligence, the company said today. According to the company, it has launched a new tool called Emotify, which it says will help companies select ideal andidates based on emotional intelligence. Pricing on the new tool was not announced. (More... <https://www.socaltech.com/fullstory/0080070.html>) *Advantech Rolls Out AI Tools For Pandemic Screening* <https://www.socaltech.com/fullstory/0080071.html> Irvine-based Advantech, a developer of IoT and other embedded platforms, has rolled out a new, artificial intelligence tool which it says is aimed at preventing infection by COVID-19 in high traffic and heavily populated environments. (More... <https://www.socaltech.com/fullstory/0080071.html>) *Mindbody's Stollmeyer Shift To Executive Chair* <https://www.socaltech.com/fullstory/0080072.html> San Luis Obispo-based Mindbody, which develops software for the wellness and spa industry, said that its co-founder and CEO, Rick Stollmeyer, is shifting to the position of Executive Chair. According to the company, it has appointed current President Josh McCarter to CEO. The appointment will be effective on August 1st. McCarter has been at Mindbody sine 2018, when Mindbody acquired Booker Software, a cloud-based spa and salon business management company where McCarter had served as CEO. (More... <https://www.socaltech.com/fullstory/0080072.html>) *Uber Drivers In Southern California Now Can Set Their Own Price* <https://www.socaltech.com/fullstory/0080067.html> Uber said on Wednesday that drivers in Southern California and Sacramento are now allowed to set their own price, as part of an effort by the company to show that its drivers are independent contractors and not employees. The move comes as a result of Assembly Bill 5 (AB5), which was passed last year that attempted to force "gig worker" companies to classify their workers as employees, not independent contractors. (More... <https://www.socaltech.com/fullstory/0080067.html>) *Nomad Homes, With Team In LA, Gets $4M* <https://www.socaltech.com/fullstory/0080066.html> Nomad Homes, a startup developing a marketplace for finding and buying a home--which has operations in Los Angeles--has raised $4M in seed funding, the company said on Wednesday. The funding was led by Comcast Ventures, and also included Abstract Ventures, Partech, Precursor Ventures, WndrCo, and Class 5 Global. The company is based in Palo Alto, California. Nomad is different from Nomad Micro Homes, a Canadian company which develops eco-friendly modular "tiny houses". (More... <https://www.socaltech.com/fullstory/0080066.html>) *Tinder Now Testing Video Dating* <https://www.socaltech.com/fullstory/0080065.html> Santa Monica-based dating app developer Tinder says it has begun testing out a new "Face to Face" chat feature which will allow its users to video chat one on one with others on the service. The new service--which has been in the works since at least May--will be available in the U.S., Brazil, South Korea, and elsewhere. In the U.S., the new feature is currently only available in a few states, including Colorado, Virginia, Illinois, and Georgia. (More... <https://www.socaltech.com/fullstory/0080065.html>) *Karma Automotive Picks Up $100M More* <https://www.socaltech.com/fullstory/0080064.html> Irvine-based electric auto maker *Karma Automotive <http://www.karmautomotive.com>* has picked up an additional $100M in funding, and also is looking to raise an additional $300M in funding <https://www.bloomberg.com/news/articles/2020-07-08/electric-car-bonanza-allows-karma-to-tap-100-million-lifeline>, for its efforts to bring an EV to market, according to a report. Karma Automotive is majority owned by Wanxiang Group Corp.(More... <https://www.socaltech.com/fullstory/0080064.html>) *VelosBio Finds $137M For Oncology Efforts* <https://www.socaltech.com/fullstory/0080061.html> San Diego-based biopharmaceuticals developer VelosBio says it has raised $137M in a Series B funding roudn, to go towards its oncology efforts. The funding was led by Matrix Capital and Surveyor Capital, and also included Adage Capital Management LP, Cormorant Asset Management, Farallon, Foresite Capital, Janus Henderson Investors, Logos Capital, OrbiMed, funds and accounts advised by T. Rowe Price Associates, Inc. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=100084>)(More... <https://www.socaltech.com/fullstory/0080061.html>) *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]. *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 *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 *Pixelgate.net - Internet Access, Web Hosting, Network Services <http://www.pixelgate.net>* We put the "Service" back into Internet Service Provider. http://www.pixelgate.net *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] ------------------------------ *Recent Funding <#funding>* 7/09/20 Kernel <https://www.socaltech.com/intelligence/?action=showdeal&id=100542> Los Angeles $53.00 M 7/08/20 VelosBio Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100084> San Diego $137.00 M 6/25/20 Treehouse Games <https://www.socaltech.com/intelligence/?action=showdeal&id=100533> Los Angeles $2.60 M 6/25/20 Clickup <https://www.socaltech.com/intelligence/?action=showdeal&id=100534> San Diego $35.00 M 6/24/20 Pipe <https://www.socaltech.com/intelligence/?action=showdeal&id=100532> Los Angeles $60.00 M 6/23/20 Scalefast <https://www.socaltech.com/intelligence/?action=showdeal&id=100510> Manhattan Beach $21.58 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html July 9, Irvine -- *TCVN Fireside Chat with Sean Ellis: Growth Hacking in a Post Covid-19 World* Growth Hacking In A Post COVID-19 World. TCVN. Join Tech Coast Venture Network in welcoming Sean Ellis, founder of Qualaroo and the mastermind behind the Dropbox’s viral growth strategy. Sean will chat with Michael Sawitz about his thoughts on growth hacking in a post Covid-19 world and how his insights can be used to benefit your business. See http://www.socaltech.com/calendar/eventid/26630 July 13, Orange County -- *Entrepreneurship and innovation with Prof and Investor Steven Mednick* *NEW* . See http://www.socaltech.com/calendar/eventid/26631 July 20, Orange County -- *How Equity Crowdfunding helps achieve Success* *NEW* . See http://www.socaltech.com/calendar/eventid/26632 ------------------------------ *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. 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