*socaltech.com <http://socaltech.com> TechNews - Thursday, July 30, 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 * - EDF Renewables North America Signs Deal For 200MW Solar Storage Project <#0080165> - Strategic Wireless Acquires Portfolio Of Towers <#0080166> - JetBlue Deploys UV Cleaning Robot From LA Startup In COVID-19 Fight <#0080164> - Joymode Acquired By XRC Labs <#0080163> - Greenfly Signs Up SailGP <#0080162> - Snap Releases Diversity Report <#0080161> - Drizly Hacked, More Than 2.5 Million Accounts Compromised <#0080160> *Marketplace* - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stradling <#ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> *Thursday, July 30, 2020* *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]. *EDF Renewables North America Signs Deal For 200MW Solar Storage Project* <https://www.socaltech.com/fullstory/0080165.html> San Diego-based solar power developer EDF Renewables North America reports that it has signed a deal for a 200 megawatt (MW) solar plus battery storage project for NV Energy. Financial details of the deal were ot announced. According to EDF Renewables, it signed a 22-year Power Purchase Agreement (PPA) to develop a solar photovoltaic project which includes a 180MW, four-hour battery storage system, enough to power 45,000 average Nevada homes. (More... <https://www.socaltech.com/fullstory/0080165.html>) *Strategic Wireless Acquires Portfolio Of Towers* <https://www.socaltech.com/fullstory/0080166.html> Costa Mesa-based Strategic Wireless Infrastructure Funds Management says it has acquired a portfolio of wireless towers, real estate, and other related assets, throughout multiple states on the eastern seaboard including New York, Delaware, Massachusetts, Pennsylvania and Florida. Specifics on that portfolio, and the investment made in that portfolio, was not announced. The company said the buy will further diversity its portfolio of telecommunications infrastructure assets. (More... <https://www.socaltech.com/fullstory/0080166.html>) *JetBlue Deploys UV Cleaning Robot From LA Startup In COVID-19 Fight* <https://www.socaltech.com/fullstory/0080164.html> JetBlue has become the very first airline to deploy high tech, ultraviolet cleaning robots--developed by an LA startup--in the fight against the COVID-19 pandemic. JetBlue said on Wednesday that it has begun using Honeywell's UV Cabin System to disinfect cabins in "less than 10 minutes" using UV light. That Honeywell UV Cabin System was developed and licensed from Los Angeles-based Dimer LLC, maker of the "GermFalcon" germicidal lighting systems, back in June. (More... <https://www.socaltech.com/fullstory/0080164.html>) *Joymode Acquired By XRC Labs* <https://www.socaltech.com/fullstory/0080163.html> Los Angeles-based Joymode, which had run a consumer focused, rental service to help people rent--rather than buy--all of the things needed for "experiences" such as a backyard movie night, or camping, or virtual reality, has been acquired by New York-based XRC Labs. Financial details of the acquisition were not announced. Joymode was venture backed by Naspers, TenOneTen, Wonder, Struck Ventures, and Homebrew, and had raised more than $17M in total funding. (More... <https://www.socaltech.com/fullstory/0080163.html>) *Greenfly Signs Up SailGP* <https://www.socaltech.com/fullstory/0080162.html> Santa Monica-based Greenfly, which develops brand advocacy software, and SailGP, which runs an annual global sail racing challenge, said on Wednesday that the two companies are in a partnership. According to the two, SailGP has deployed Greenfly's software platform for media collection and distribution. Financial details of the partnership were not announced. ( More... <https://www.socaltech.com/fullstory/0080162.html>) *Snap Releases Diversity Report* <https://www.socaltech.com/fullstory/0080161.html> Venice, California-based Snap, the parent company of Snapchat, has released its annual diversity report, showing that the company--like the rest of Silicon Valley--continues to struggle to build a diverse workforce. The company reported in its Diversity Annual Report 2020 that 51.1 percent of its employees are white, with director level executives 70.4 percent white; 33.3 percent Asian, 6.8 percent Hispanic/LatinX, 4.4 percent multiracial, and 4. (More... <https://www.socaltech.com/fullstory/0080161.html>) *Drizly Hacked, More Than 2.5 Million Accounts Compromised* <https://www.socaltech.com/fullstory/0080160.html> Alcohol delivery app Drizly--which provides alcohol delivery across Southern California--has been hacked, with as many as 2.5 million accounts affected. Drizly told users that "no financial information was compromised", however, reports say that the breach included email addresses, birthdays, encrypted passwords, and delivery addresses, plus phone numbers, IP addresses, and geolocation data. The breach apparently was uncovered on July 13th. (More... <https://www.socaltech.com/fullstory/0080160.html>) *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 *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 *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] *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 *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>* 7/29/20 Heal <https://www.socaltech.com/intelligence/?action=showdeal&id=100699> Pacific Palisades $100.00 M 7/22/20 TrackStreet, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100695> Santa Barbara $5.10 M 7/20/20 Gemist <https://www.socaltech.com/intelligence/?action=showdeal&id=100579> Los Angeles $0.00 M 7/20/20 Carbonated Games <https://www.socaltech.com/intelligence/?action=showdeal&id=100581> El Segundo $8.50 M 7/20/20 Ready, Set, Food! <https://www.socaltech.com/intelligence/?action=showdeal&id=100582> Encino $3.00 M 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 ------------------------------ *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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