*socaltech.com <http://socaltech.com> TechNews - Tuesday, September 15, 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 * - Violux Finds $1.2M In Funding For UV Light Cleaning <#0080345> - SnackNation Becomes Caroo, Shifts Focus To Remote Work Support <#0080346> - ModCloth Targets European Market With International Relaunch <#0080347> - CUJO AI Deploys With Broadband Operators <#0080348> - Escient Pharmaceuticals Finds $77.5M In Series B <#0080344> - Novus Therapeutics Acquires Anelixis Therapeutics <#0080343> - CoreLogic Target Of Takeover Effort, Gets New, Bigger Offer <#0080342> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - KPMG: SPACs: Unlocking a "blank check" <#ad768> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> *Tuesday, September 15, 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 *Violux Finds $1.2M In Funding For UV Light Cleaning* <https://www.socaltech.com/fullstory/0080345.html> Orange County-based Violux, a startup developing ultraviolet light (UV-C) home cleaning devices, announced this morning that it has raised $1.2M in a seed funding round. The funding was led by Okapi Venture Partners, and also included Unlock Ventures and Envoy Ventures. Violux says it has developed a UV-C light disinfection device, designed to fight the COVID-19 coroanvirus adn other germs, bacteria, and viruses, and which can be used to quickly disinfect high touch objects. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=100892> )(More... <https://www.socaltech.com/fullstory/0080345.html>) *SnackNation Becomes Caroo, Shifts Focus To Remote Work Support* <https://www.socaltech.com/fullstory/0080346.html> Los Angeles-based SnackNation, which got its start delivering healthy snacks to vending machines and employee lunchrooms, says it has rebranded itself as Caroo, and expanded beyond snacks. According to Caroo, it is now providing "employee care and gifting" to "keep teams inspired and connected", no matter where they happen to be. According to Caroo, it curates healthier snacks, premium gifts, and "team building experiences" which it is delivering via its own software and technology platform. ( More... <https://www.socaltech.com/fullstory/0080346.html>) *ModCloth Targets European Market With International Relaunch* <https://www.socaltech.com/fullstory/0080347.html> Los Angeles-based e-commerce apparel firm ModCloth--which recently shifted its headquarters to Los Angeles--says it has re-launched its brand in Europe. According to ModCloth, the relaunch and global expansion comes due to new ownership. ModCloth says it will start shipping products in Europe in September. (More... <https://www.socaltech.com/fullstory/0080347.html>) *CUJO AI Deploys With Broadband Operators* <https://www.socaltech.com/fullstory/0080348.html> El Segundo-based artificial intelligence software developer CUJO AI says it has deployed its "digital life protection" services across five North American broadband operators. According to the company, its product is now monitoring more than 700 million devices. Financial impact of those deployments have not been announced by the company. CUJO AI says its tools are used to improve the security, control, and privacy of connected devices. (More... <https://www.socaltech.com/fullstory/0080348.html>) *Escient Pharmaceuticals Finds $77.5M In Series B* <https://www.socaltech.com/fullstory/0080344.html> San Diego-based Escient Pharmaceuticals, which is developing treatments for mast cell-related diseases, said on Monday that it has raised $77.5M in a Series B funding round. According to the company, the funding round was led by Sanofi Ventures and Cowen Healthcare Investments and included new investors Redmile Group and Perceptive Advisors. As part of the funding, Jason Hafler, Ph.D. (More... <https://www.socaltech.com/fullstory/0080344.html>) *Novus Therapeutics Acquires Anelixis Therapeutics* <https://www.socaltech.com/fullstory/0080343.html> Irvine-based Novus Therapeutics, a developer of antibodies for organ and cellular transplantation, autoimmune diseases, and neurodegenerative diseases, has acquired Anelixis Therapeutics, the company said on Monday. According to Novus Therapeutics, the acquisition was structured as a stock-for-stock transaciton, where all of Anelixis' outstanding equity interests were exchanged in a merger for a combination of shares of Novus common stock and shares of Preferred Stock. (More... <https://www.socaltech.com/fullstory/0080343.html>) *CoreLogic Target Of Takeover Effort, Gets New, Bigger Offer* <https://www.socaltech.com/fullstory/0080342.html> Irvine-based CoreLogic says it has received an "unsolicited proposal" to acquire the company. According to the company, Senator Investment Group LP and Cannae Holdings Inc. have proposed to acquire all outstanding common shares of CoreLogic for $66.00 per share in cash. CoreLogic--which provides property information and data for the real estate industry--says its board of directors "will carefully review the revised proposal with the assistance of financial and legal advisors". (More... <https://www.socaltech.com/fullstory/0080342.html>) *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 *KPMG: SPACs: Unlocking a "blank check" <https://events-meetings.kpmg.com/events/capital-markets-series/registration-ac9d9c102598479ab8cd432612713837.aspx?fqp=true>* KPMG Capital Markets and Fenwick Capital Markets Series SPACs: Unlocking a "blank check" Blank check investors--also known as special purpose acquisition companies (SPACs)--raised more than $12 billion in the first half of 2020. Now, they are looking to spend that capital on privately held companies. But securing that blank check investment isn't as easy as it sounds. Date: Wednesday, September 23, 2020 Time: 3:00 p.m. to 4:00 p.m. PT Register today! https://events-meetings.kpmg.com/events/capital-markets-series/registration-ac9d9c102598479ab8cd432612713837.aspx?fqp=true *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] *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>* 9/15/20 Violux <https://www.socaltech.com/intelligence/?action=showdeal&id=100892> Orange County $1.20 M 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 Ready, Set, Food! <https://www.socaltech.com/intelligence/?action=showdeal&id=100582> Encino $3.00 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 7/09/20 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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. 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