*socaltech.com <http://socaltech.com> TechNews - Thursday, September 17, 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 * - Stemson Therapeutics Finds $7.5M For Hair Loss Cure <#0080356> - Clearlake Capital Buys Zywave <#0080357> - Cornerstone Names New Chief Product Officer <#0080358> - Veritone Wins $1.3M In Air Force Subcontracts <#0080359> - Endera Deploys EV Shuttles At San Diego International Airport <#0080360> - 8minute Solar Energy Opens New 67 Megawatt Solar Farm <#0080355> - YAPI Finds Funding For Dental Software <#0080351> *Marketplace* - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> *Thursday, September 17, 2020* *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 *Stemson Therapeutics Finds $7.5M For Hair Loss Cure* <https://www.socaltech.com/fullstory/0080356.html> San Diego-based Stemson Therapeutics, a startup working on therapies to cure hair loss, has raised $7.5M in a seed funding round. The funding came from Allergan Aethetics and Fortunis Capital. According to the company, the new funding will go to advance development of its therapeutic solution to cure hair loss. The funding from Fortunis Capital came out of its Impact Fund. (More... <https://www.socaltech.com/fullstory/0080356.html>) *Clearlake Capital Buys Zywave* <https://www.socaltech.com/fullstory/0080357.html> Santa Monica-based private equity investor Clearlake Capital announced this morning that it has entered into a deal to acquire Zywave, a developer of software-as-a-service for the insurance industry, from another private equity investor, Aurora Capital Partners. Financial terms of the buy were not announced. Zywave is based in Milwaukee. Zywae develops cloud-based insurance distribution software, which it provides to insurance brokerages and insurance firms. (More... <https://www.socaltech.com/fullstory/0080357.html>) *Cornerstone Names New Chief Product Officer* <https://www.socaltech.com/fullstory/0080358.html> Santa Monica-based *Cornerstone OnDemand <http://www.csod.com>* said on Wednesday that it has named Ajay Awatramani as its new Chief Product Officer. Awatramani has previously served at such companies as Adobe, Marketo, Oracle, and Siebel, and was most recently Head of Product and GTM at Adobe; he had joined Adobe after the company acquired Marketo in 2018. Cornerstone said that Awatramani will lead its product strategy, management, and design.(More... <https://www.socaltech.com/fullstory/0080358.html>) *Veritone Wins $1.3M In Air Force Subcontracts* <https://www.socaltech.com/fullstory/0080359.html> Costa Mesa-based artificial intelligence software developer Veritone says it has been awarded $1.3M in subcontracts from a U.S. Air Force program, where its software will support an effort to enhance satellite imagery analysis. Veritone said it was awarded the $1.3M for software license and technology development services in support of the Air Force's innovation unit's (AFWERX) Small Business Innovation Research (SBIR) program. The prime contractor on the contract is alYnmnt. (More... <https://www.socaltech.com/fullstory/0080359.html>) *Endera Deploys EV Shuttles At San Diego International Airport* <https://www.socaltech.com/fullstory/0080360.html> San Diego-based commercial electric vehicle developer Endera announced this week that it has delivered 18, all-electric passenger shuttles for use at San Diego International Airport, which it says is the largest deployment of electric shuttles at a U.S. airport so far. The company said the shuttles--which are going to be used by ACE Parking--are the first of a total of 29 all-electric vehicles planned for the site. (More... <https://www.socaltech.com/fullstory/0080360.html>) *8minute Solar Energy Opens New 67 Megawatt Solar Farm* <https://www.socaltech.com/fullstory/0080355.html> Los Angeles-based solar power developer 8minute Solar Energy said on Wednesday that it has opened up a new, 67 megawatt solar farm in Madera County, which will power more than 12,000 households. According to the company, the Lotus Solar Farm is supplying power to the area via a 20-year, power purchase agreement (PPA) with Southern California Edison. 8minute Solar Energy did not say how much that PPA is worth. (More... <https://www.socaltech.com/fullstory/0080355.html>) *YAPI Finds Funding For Dental Software* <https://www.socaltech.com/fullstory/0080351.html> North Hollywood-based Yapi, a provider of paperless communications and account management software for dental practices, says it has raised a round of growth investment from M33 Growth. Financial details of that investment were not announced. According to YAPI, it will use the new funding to build out its account management, customer success, and R&D teams, plus bolster existing sales and marketing. YAPI's software allows dental practices to automate administrative tasks. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=62650>)( More... <https://www.socaltech.com/fullstory/0080351.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 *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 *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] *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>* 9/16/20 YAPI (Practical Dental Solutions, Inc.) <https://www.socaltech.com/intelligence/?action=showdeal&id=100894> Canyon Country $0.00 M 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 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 ------------------------------ *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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