*socaltech.com <http://socaltech.com> TechNews - Tuesday, July 14, 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 * - Guru Releases Development Kit For Wireless Power <#0080090> - Miso Robotics Selected By White Castle For Pilot Project <#0080087> - RLH Equity Partners Invests in MCA Connect <#0080088> - Phison Sells JV Shares To Kingston <#0080089> - Former Tinder VP Launches Startup Accelerator, Product Club <#0080086> - Techstars LA Announces 2020 Class <#0080085> - Nerio Therapeutics Finds $3.0M <#0080084> - Qualcomm Invests $97M In India's Jio <#0080083> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> *Tuesday, July 14, 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 *Guru Releases Development Kit For Wireless Power* <https://www.socaltech.com/fullstory/0080090.html> Pasadena-based Guru, a venture backed startup developing wireless power distribution technology, said this morning that it has released a development kit for its technology, which will allow potential partners to trial its millimeter-wave wireless power products. The startup--which is funded by Kairos Ventures and Bold Capital Partners--said its new evaluation and developer kit allows users to test, evaluate, and create proof-of-concept designs using its technology. (More... <https://www.socaltech.com/fullstory/0080090.html>) *Miso Robotics Selected By White Castle For Pilot Project* <https://www.socaltech.com/fullstory/0080087.html> Pasadena-based robot developer Miso Robotics reported this morning that it has been selected for a pilot project by White Castle, the iconic Midwest fast food chain. According to Miso Robotics and White Castle, White Castle will bring a new version of Flippy, Miso's automated kitchen robot, into kitchens for testing and future integration. (More... <https://www.socaltech.com/fullstory/0080087.html>) *RLH Equity Partners Invests in MCA Connect* <https://www.socaltech.com/fullstory/0080088.html> Los Angeles-based private equity investor Riordan, Lewis & Haden Equity Partners (RLH) has made an investment in Denver-based systems integrator MCA Connect, LLC, the two announced t morning. Size of the investment was not announced. MCA Connect provides systems integration for manufacturing companies that are implementing Microsoft's business applications. (More... <https://www.socaltech.com/fullstory/0080088.html>) *Phison Sells JV Shares To Kingston* <https://www.socaltech.com/fullstory/0080089.html> Fountain Valley-based memory products giant Kingston Technology said that its partner in a joint venture, Phison, will sell the shares it owns in Kingston Solutions, Inc., which develops eMMC (Embedded Multi-Media Card) products. According to the two, the deal is worth NT$1,781,640,000, or approximately $60M. Phison and Kingstom formed KSI as a joint venture in 2010. (More... <https://www.socaltech.com/fullstory/0080089.html>) *Former Tinder VP Launches Startup Accelerator, Product Club* <https://www.socaltech.com/fullstory/0080086.html> A former Tinder VP, Jeff Morris, Jr.--who is based in Los Angeles--has launched a brand new startup accelerator called Product Club, which is aiming itself at accelerating a small class of product-focused startups. The new accelerator said it will invest $100K in three companies, taking 5 percent equity, and run its accelerator entirely remote. Morris is currently a venture investor at Chapter One Venture Capital. (More... <https://www.socaltech.com/fullstory/0080086.html>) *Techstars LA Announces 2020 Class* <https://www.socaltech.com/fullstory/0080085.html> Techstars LA, the startup accelerator run by Techstars in the Los Angeles area, announced its 2020 class on Monday, saying that it has selected 10 companies to participate this year in a "socially distanced" program. According to Anna Barber, the Managing Director of Techstars Los Angeles, the accelerator has selected "10 resilient companies that can grow in an economic downturn and thrive in a world where social distancing remains the reality". (More... <https://www.socaltech.com/fullstory/0080085.html>) *Nerio Therapeutics Finds $3.0M* <https://www.socaltech.com/fullstory/0080084.html> La Jolla-based Nerio Therapeutics, a new, stealth-mode company in the life sciences sector, has raised $3.0M in funding--in what looks to be an ongoing $5.7M funding raising effort. The funding was disclosed in a regulatory filing. (More... <https://www.socaltech.com/fullstory/0080084.html>) *Qualcomm Invests $97M In India's Jio* <https://www.socaltech.com/fullstory/0080083.html> San Diego-based Qualcomm has just taken a $97M stake in Indian telecom provider Jio, via its Qualcomm Ventures venture arm, Qualcomm said on Sunday. Qualcomm said its investment gives it a 0.15% equity stake in Jio Platforms. Qualcomm said the investment will go towards the buildout of 5G infrastructure and services for Jio's customers in India. Jio has recently raised a total of $15.7 billion in funding. Qualcomm is a provider of technology used in the 5G wireless industry. (More... <https://www.socaltech.com/fullstory/0080083.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 *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]. *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. *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 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. 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
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
