*socaltech.com <http://socaltech.com> TechNews - Monday, July 13, 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 * - Fisker To Raise $1B In Reverse Merger <#0080079> - Replicated Names GitLab Exec As Chief Product Officer <#0080082> - Qualigen Therapeutics Finds $8M In PIPE <#0080080> - Poseida Therapeutics Debuts In IPO <#0080081> - Rivian Snags $2.5 Billion More <#0080078> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad749> - Accelerating Growth For Early Stage Innovation. <#ad764> - Technology Management and Operational Outsourcing – PulseOne <#ad765> - Resources For UK Companies and Investors Impacted By Coronavirus <#ad762> - Stradling <#ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> *Monday, July 13, 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 *Fisker To Raise $1B In Reverse Merger* <https://www.socaltech.com/fullstory/0080079.html> Los Angeles-based electric car maker Fisker announced this morning that it is in a merger with a public, special purpose acquisition company, called Spartan Energy Acquisition Corp. (SPAC), which will help provide more than $1 billion in gross proceeds to the company--and make it a publicly traded company. ( More... <https://www.socaltech.com/fullstory/0080079.html>) *Replicated Names GitLab Exec As Chief Product Officer* <https://www.socaltech.com/fullstory/0080082.html> Los Angeles-based Repicated, a new startup that provides monitoring and managing of Kubernetes-based cloud applications, has name former GitLab executive Mark Pundsack as the company's new Chief Product Officer, according to the company. Replicated, which is led by CEO Grant Miller, focused on enterprise customers who are using the open source Kubernetes framework to deploy their cloud applications. Pundsack was previously Head of Product for GitLab. ( More... <https://www.socaltech.com/fullstory/0080082.html>) *Qualigen Therapeutics Finds $8M In PIPE* <https://www.socaltech.com/fullstory/0080080.html> Carlsbad-based Qualigen Therapeutics said on Friday that it has raised $8M in new funding, from a single institutional investor. The company--which trades on the NASDAQ as QLGN--said it sold 1,140,570 shares of its Common Shares, 780,198 Pre-Funded Warrants and 1,920,768 Common Warrants at a combined purchase price of $4.165. The company said those Common Warrants have an exercise price of $5.25 per share, are exercisable immediately and have a term of two years. ( More... <https://www.socaltech.com/fullstory/0080080.html>) *Poseida Therapeutics Debuts In IPO* <https://www.socaltech.com/fullstory/0080081.html> San Diego-based biopharmaceuticals firm Poseida Therapeutics successfully made it to the public markets with an IPO on Friday, raising $224M in an offering on the Nasdaq Global Select Market. The company, which now trades as PSTX, priced its IPO of 14,000,000 shares of its common stock at $16.00 on Friday on Thursday evening, an as of early Monday trading was hovering around $15.94. Poseida is a biopharmaceuticals company focused on using gene engineering for cell and gene therapeutics products. ( More... <https://www.socaltech.com/fullstory/0080081.html>) *Rivian Snags $2.5 Billion More* <https://www.socaltech.com/fullstory/0080078.html> Electric truck maker Rivian, which has development offices in Irvine and Carson, California, said this week that it has raised an additional $2.5 billion in funding. The new funding round was led by T. Rowe Price Associates, and also included Soros Fund Management, Fidelity, Baron Capital, and Amazon and BlackRock. Rivian is in the midst of bringing its first vehicles--the RT1 pickup and RS1 SUV--to market. ( Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=100543>)( More... <https://www.socaltech.com/fullstory/0080078.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] * 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]. * 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) * 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. * 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] ------------------------------ * 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 13, Orange County -- *Entrepreneurship and innovation with Prof and Investor Steven Mednick * Entrepreneurship and innovation with Prof and Investor Steven Mednick, Join JJ Richa in a fireside chat with Steven Mednick. Whether you are an entrepreneur, corporate entrepreneur or aspire to make a difference in the world by creating something new out of nothing, we will revisit the fundamentals of an entrepreneurial journey, including: Why entrepreneurship? What is the value of an idea? What is an innovation? What is a business model? What is the goal of a start-up vs. an existing business. See http://www.socaltech.com/calendar/eventid/26631 July 16, Los Angeles -- *AltaSea & LAEDC: Latest Cutting-Edge Tech Companies Are All Wet. * AltaSea & LAEDC: Latest Cutting-Edge Tech Companies Are All Wet. Join AltaSea at the Port of Los Angeles for the first of back-to-back webinars focused on the blue economy. The July 16 webinar will be moderated by multi-Emmy award-winning journalist, Val Zavala. Panelists will include: Tim McOsker, CEO of AltaSea; Bill Allen, CEO of LAEDC; Rusty Jehangir, Founder & CEO of Blue Robotics; Kelly Stromberg, Co-Founder & COO of Holdfast Aquaculture. See http://www.socaltech.com/calendar/eventid/26633 July 17, Los Angeles -- *AltaSea, Milken Institute & Santa Monica College: Mobilizing an Ocean Economy Workforce in California * AltaSea, Milken Institute & Santa Monica College: Mobilizing an Ocean Economy Workforce in California. Join AltaSea at the Port of Los Angeles for the second of back-to-back webinars focused on the blue economy. Panelists include: Tim McOsker, CEO of AltaSea; Matt Horton, Director of Public Policy for the Milken Institute; Dr. Patricia Ramos, Dean of Workforce & Economic Development at Santa Monica College. The July 17 webinar will be moderated by David Abel, publisher of The Planning Report and chairman of the VerdeXchange. See http://www.socaltech.com/calendar/eventid/26634 July 20, Orange County -- *How Equity Crowdfunding helps achieve Success * How Equity Crowdfunding helps achieve Success. Join JJ Richa in a fireside chat with Bruce Virga to discuss how funding platforms connect everyday investors to growth-focused businesses, helping both parties to achieve success. We will further dive into what entrepreneurs need to know before embarking on a capital raise via equity crowdfunding and, conversely, best investment practices. Overall, Bruce can draw on his knowledge of the greater crowdfunding ecosystem to illuminate shifts in the industry that will impact businesses and investors in the future. 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. 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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