*socaltech.com <http://socaltech.com> TechNews - Friday, August 7, 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 * - White House Order Bans TikTok, WeChat <#0080200> - Stamps.com Sees Surge On ECommerce Growth <#0080201> - Cinedigm Powers Yoga Meditation Service <#0080202> - T2 Tech Group Acquires Division Of Revint Solutions <#0080199> - Esri Offers Free Access To University, Other Students <#0080198> - Inseego CFO Steps Down <#0080197> - ServiceTitan Links With HVAC Giant Carrier <#0080196> - HONK Reports Increased Roadside Assistance Calls <#0080195> - Q CELLS Acquires Geli <#0080193> *Marketplace* - Technology Management and Operational Outsourcing – PulseOne <#ad765> - Accelerating Growth For Early Stage Innovation. <#ad764> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> - Stradling <#ad608> *Friday, August 7, 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]. *White House Order Bans TikTok, WeChat* <https://www.socaltech.com/fullstory/0080200.html> An order, issued by the Trump administration on Thursday evening, bans TikTok's parent company--ByteDance--from transactions with US companies beginning in 45 days, as well as banning US business transactions with WeChat and its parent company, Tencent. The executive order cited a "national emergency with respect to the information and communications technology and services supply chain". TikTok has 1500 U.S. employees, with its largest office in Culver City. (More... <https://www.socaltech.com/fullstory/0080200.html>) *Stamps.com Sees Surge On ECommerce Growth* <https://www.socaltech.com/fullstory/0080201.html> El Segundo-based online postage and shipping software developer Stamps.com reported its second quarter results on Thursday, saying it saw a 49 percent increase in its revenues for the quarter, to $206.7M, as a result of a surge in e-commerce activity. The publicly held company attributed the growth to the growth in e-commerce, which it said has been an "important lifeline" to many businesses and individuals during the COVID-19 pandemic. In addition to the overall growth, Stamps. (More... <https://www.socaltech.com/fullstory/0080201.html>) *Cinedigm Powers Yoga Meditation Service* <https://www.socaltech.com/fullstory/0080202.html> Los Angeles-based Cinedigm, a provider of premium content, streaming channels and technology services, is powering a new wellness video-on-demand application from Sanctuary Studios, the company said today. Financial details of the win were not announced. According to Sanctuary and Cinedigm, Sanctuary has released its new health and wellness video-on-demand application for VIZIO's SmartCast televisions, using Cinedigm's Matchpoint Blueprint service. (More... <https://www.socaltech.com/fullstory/0080202.html>) *T2 Tech Group Acquires Division Of Revint Solutions* <https://www.socaltech.com/fullstory/0080199.html> Los Angeles-based IT consulting, advisory, and project management service provider T2 Tech Group says it has acquired the patient access and scheduling services division from Revint Solutions. Financial terms of the buy were not announced. T2 Tech Group said it will use the acquisition of the division to launch a new offering, T2 Flex Force, which will offer up virtual workforce technology to hospitals and healthcare systems. (More... <https://www.socaltech.com/fullstory/0080199.html>) *Esri Offers Free Access To University, Other Students* <https://www.socaltech.com/fullstory/0080198.html> Redland-based Esri announced on Thursday that it will provide free access to the company's popular geographical information systems (GIS) software to students 18 yaers and older, including access to both the platform itself as well as lessons. Esri said the Learn ArcGIS Student Program will provide one year of software and lessons to qualified students in any academic program--even if their institution offers no formal courses in GIS. (More... <https://www.socaltech.com/fullstory/0080198.html>) *Inseego CFO Steps Down* <https://www.socaltech.com/fullstory/0080197.html> San Diego-based Inseego, which develops 5G and Internet-of-Things hardware, including the well known MiFi cellular wireless hotspot devices, said on Thursday morning that its CFO, Stephen Smith, has stepped down from his position. According to the company, Smith steps down to "pursue other interests." As as result of the resignation, the company said Craig Foster has been appointed Executive Vice President and CFO, effective August 17th. (More... <https://www.socaltech.com/fullstory/0080197.html>) *ServiceTitan Links With HVAC Giant Carrier* <https://www.socaltech.com/fullstory/0080196.html> Los Angeles-based software developer ServiceTitan, which is led by Ara Mahdessian, has linked with heating, air conditioning, and refrigeration giant Carrier. According to ServiceTitan, it has been designated the preferred field service contractor software vendor for the Carrier and Bryant HVAC brands in the U.S. (More... <https://www.socaltech.com/fullstory/0080196.html>) *HONK Reports Increased Roadside Assistance Calls* <https://www.socaltech.com/fullstory/0080195.html> Los Angeles-based HONK Technologies, which develops a roadside assistance and towing app, and is led by tech entrepreneur Corey Brundage, says it has saw a 54 percent increase in the number of roadside assistance calls in the first six months of 2020. The company said those numbers demonstrate the company's "grow and momentum" despite the pandemic. The company said it is using machine learning and automation to expand its operational efficiency. (More... <https://www.socaltech.com/fullstory/0080195.html>) *Q CELLS Acquires Geli* <https://www.socaltech.com/fullstory/0080193.html> Irvine-based solar cell and module manufactuer Q CELLS said this morning that it has is acquiring San Francisco-based energy storage software maker Growing Energy Labs, Inc. (Geli). Financial terms of the acquisition were not announced. Q CELLS said the buy will help expand its offerings in the Integrated Energy Storage Solutions area. (More... <https://www.socaltech.com/fullstory/0080193.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 *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 *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] *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] *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. ------------------------------ *Recent Funding <#funding>* 7/30/20 MomentFeed <https://www.socaltech.com/intelligence/?action=showdeal&id=100700> Santa Monica $10.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html August 10, Orange County -- *Valuation Trends and Insights with John Harbison, Chairman Emeritus of TCA* JoiValuation Trends and Insights with John Harbison, Chairman Emeritus of TCA. JJ Richa of Pismo Ventures in a fireside chat with John Harbison to discuss valuations and their trends. Valuation is a mysterious black box that ultimately determines whether there is sufficient demand among investors to get a company adequately funded. At this point in the investment cycle (entering a deep recession), valuation expectations are all over the map and the stakes are high -- missteps can be fatal. How does an entrepreneur successfully navigate these waters to access the capital needed and position the company for future success in later rounds. See http://www.socaltech.com/calendar/eventid/26666 August 17, Irvine -- *What do investors want to see before they write that check? * *NEW* . See http://www.socaltech.com/calendar/eventid/26667 August 27, Los Angeles -- *11th Annual Women In Green Forum* 11th Annual Women In Green Forum. The Women In Green Forum has emerged as the premier conference series highlighting women’s impact on the environmental industry. The Women In Green Forum (WIGF) is the largest conference of its kind and attracts an international audience of environmental professionals. Each year, we convene sustainability trailblazers who share insights about the newest and most cutting-edge environmental innovations. . See http://www.socaltech.com/calendar/eventid/26649 September 6, Los Angeles -- *National Business Plan Competition Deadline/Pismo Ventures* National Business Plan Competition Deadline/Pismo Ventures. Pismo Ventures presents the National Venture Plan Competition (NVPC). The NVPC is a business plan competition offering startups and entrepreneurs, across the United State, a unique opportunity to present their plans to experienced investors, screen in front of multiple investor groups nationwide, win cash and in-kind prizes, and participate in an array of invaluable webinars. Most of all, the competition provides participants one of the biggest opportunities to raise capital by being fast-tracked to present to many investor groups, angels, VCs and family offices across the US. Seee https://bit.ly/2ZRkWPP. See http://www.socaltech.com/calendar/eventid/26636 ------------------------------ *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
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