*socaltech.com <http://socaltech.com> TechNews - Monday, August 31, 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 * - FASHIONPHILE Finds $38.5M For Luxury E-Commerce <#0080289> - SpaceX Successfully Launches Earth Observation Satellite Into Orbit <#0080290> - Formsense Part Of $2.4M Grant Award <#0080291> - Ionis Pharmaceuticals Acquires Rest Of Akcea Therapeutics In $500M Deal <#0080294> - Ontrak Shifts To NASDAQ Global Market <#0080292> - Chipotle Taps Online Promotions To Help Raise Money For Students <#0080295> - Beyond Meat Launches Direct To Consumer Sales <#0080288> *Marketplace* - Technology Management and Operational Outsourcing – PulseOne <#ad765> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> *Monday, August 31, 2020* *Virtual London Tech Week - September 8th < [email protected]>* Join the British Consulate in Los Angeles on a virtual trade mission for London Tech Week. A tailored series of virtual events starting 8th September that will include insight into the innovation landscape with the London Mayor’s Office, routes to capital with London Stock Exchange group, understanding the UK-US political landscape and free trade agreement with Her Majesty’s Trade Commissioner, and practical sessions to understand the costs, opportunity, and things to avoid with growing your opportunities in the UK. Contact [email protected] for a mission brochure and information on applying. Successful applicants will join the mission and receive dedicated assistance form the UK Government global investment team. *FASHIONPHILE Finds $38.5M For Luxury E-Commerce* <https://www.socaltech.com/fullstory/0080289.html> Carlsbad-based FASHIONPHILE, and e-commerce company which sells pre-owned luxury handbags, watches, and fine jewelry, has raised $38.5M in a Series B funding round. The funding was led by private equity firm NewSpring Growth. The company is also backed by Neiman Marcus. FASHIONPHILE was founded in 1999. (More... <https://www.socaltech.com/fullstory/0080289.html>) *SpaceX Successfully Launches Earth Observation Satellite Into Orbit* <https://www.socaltech.com/fullstory/0080290.html> Hawthorne, California-based SpaceX successfully launched another mission into space on Sunday, putting the SAOCOM 1B earth observation satellite--as well as two rideshare payloads, the Tyvak-0172 and PlanetiQ's GNOMES-1--successfully into space. The launch was from Space Launch Complex 40 (SLC-40) at Cape Canaveral Air Force Station, and occurred at 7:18pm EDT. SpaceX said the launch is its first launch to a polar orbit from the East Coast, and the first polar launch from Florida in decades. (More... <https://www.socaltech.com/fullstory/0080290.html>) *Formsense Part Of $2.4M Grant Award* <https://www.socaltech.com/fullstory/0080291.html> San Diego-based Formsense, a startup developing wearables and "smart apparel", says it has been chosen as a technology partner for a $2.4M grant from the National Institutes of Health (NIH). According to the company, it is part of a team from Umass Amherst, which is looking to deploy and test a new mobile health system--based on its wearables--to monitor and encourage movement and activity in the weak upper limb of stroke survivors in an ambulatory setting. (More... <https://www.socaltech.com/fullstory/0080291.html>) *Ionis Pharmaceuticals Acquires Rest Of Akcea Therapeutics In $500M Deal* <https://www.socaltech.com/fullstory/0080294.html> Carlsbad-based Ionis Pharmaceuticals said this morning that it is acquiring the remaining stake that it does not already own of Akcea Therapetuics. According to Ionis Pharmaceuticals, it will pay $18.15 per share in cash for the remaining 24% of shares of Akcea common stock it does not already own. The deal is worth approximately $500M. Ionis Pharmaceuticals is focused on RNA-targeted drug discovery and development. Ionis said it was advised by Goldman Sachs & Co. (More... <https://www.socaltech.com/fullstory/0080294.html>) *Ontrak Shifts To NASDAQ Global Market* <https://www.socaltech.com/fullstory/0080292.html> Santa Monica-based *Ontrak <https://www.ontrak-inc.com/>*, a developer of artificial intelligence and telehealth enabled, virtualized outpatient healthcare treatment, says it has upgraded to the NASDAQ Global Market, trading under the ticker OTRK. The company was previously listed on the NASDAQ, not the NASDAQ Global Market. Ontrak said it believes the upgrade will enhance the company's visibility to all types of institutional investors. Ontrak was previously known as Catasys.(More... <https://www.socaltech.com/fullstory/0080292.html>) *Chipotle Taps Online Promotions To Help Raise Money For Students* <https://www.socaltech.com/fullstory/0080295.html> Newport Beach-based restaurant chain Chipotle Mexican Grill says it is launching an online effort and promotions, to help support under-resource students who are returning to school, in a shift from the company's usual nonprofit fundraising effort. According to the company, it is launching a digital fundraising program--its first--to help with fundraisers, with an effort to donate laptops to students in need. (More... <https://www.socaltech.com/fullstory/0080295.html>) *Beyond Meat Launches Direct To Consumer Sales* <https://www.socaltech.com/fullstory/0080288.html> Fans of El Segundo-based Beyond Meat can now purchase Beyond Meat's plant-based meat products direct from the company, through an online store, as Beyond Meat expands beyond restaurants and grocery chains. The move to support online sales comes several months after Beyond Meat's main competitor, Impossible Foods, also launched online sales, as consumers have avoided both restaurants and grocery stores due to the continuing pandemic. (More... <https://www.socaltech.com/fullstory/0080288.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]. *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 *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]. *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] ------------------------------ *Recent Funding <#funding>* 8/25/20 Songtradr, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100821> West Hollywood $30.00 M 8/24/20 Connect Biopharma <https://www.socaltech.com/intelligence/?action=showdeal&id=100820> San Diego $115.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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 September 9, Los Angeles -- *Digital Summit LA* Out of concern for the health and safety of our attendees and staff, Digital Summit Los Angeles will reschedule our 2020 to September 9-11. Thanks!. See http://www.socaltech.com/calendar/eventid/26647 September 15, Los Angeles -- *Urban Tech Connect 2020 // Forward* We believe that diverse ideas from all walks of life can help expand the realm of possibility for the entire world. The Urban Tech Connect // Forward Conference is helping bridge the gap of diverse ideation in technology. You can expect: Fine tune your fundraising and marketing strategies Target angels and VCs to raise money Overcome your fears and insecurities as a founder of color Develop tactics for product growth Tap into Job Opportunities in Tech Learn more about the speakers and conference at https://utc.pluginsouthla.com/. Organizer: Plug In South Los Angeles Venue: Virtual Conference (Agenda and login instructions provided up registration). See http://www.socaltech.com/calendar/eventid/26664 ------------------------------ *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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