*socaltech.com <http://socaltech.com> TechNews - Thursday, October 1, 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 * - SpaceX Launch For Today Delayed, Again <#0080424> - Netwrix Acquired By TA Associates <#0080422> - Hyperice Gets Investment From Patrick Mahomes <#0080425> - J2 Global Looks To Raise $1.2B In Senior Note Offering <#0080423> - Cornerstone OnDemand: Time Off To Study Ballot Popular With Employees <#0080421> - Ring Hit By Downtime <#0080420> - Report Claims Bird Program Saddling Fleet Owners With Debt <#0080419> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - UK Government's Department for International Trade (DIT) <#ad756> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Thursday, October 1, 2020* *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 *SpaceX Launch For Today Delayed, Again* <https://www.socaltech.com/fullstory/0080424.html> A launch of another 60, Starlink satellites by Hawthorne, California-based SpaceX has again been delayed this morning, after SpaceX said it received an "out of family ground system sensor reading". SpaceX said it will announced a new, target launch date once it is confirmed on the Range. The launch already had been delayed once, on Monday, due to weather. SpaceX already has more than 500 satellites in orbit around the earth that are currently part of Starlink. (More... <https://www.socaltech.com/fullstory/0080424.html>) *Netwrix Acquired By TA Associates* <https://www.socaltech.com/fullstory/0080422.html> Irvine-based Netwrix, a provider of cybersecurity software, has received a majority investment from private equity investor TA Associates, the two said this morning. Financial details of the investment were not announced. According to Netwrix, the investment will go to grow its portfolio of data security solutions. (More... <https://www.socaltech.com/fullstory/0080422.html>) *Hyperice Gets Investment From Patrick Mahomes* <https://www.socaltech.com/fullstory/0080425.html> Irvine-based Hyperice", which develops percussion, thermal, vibration and dynamic air compression devices used for athletic recovery, announced today that Patrick Mahomes has become an investor in the company, and also will serve as an "athletic ambassador" for the company. Size of the investment was not announced. Mahomes is the quarterback for the National Football Leageu's Kansas City Chiefs. Hyperice said Mahomes will "further accelerate the recovery technology category globally". (More... <https://www.socaltech.com/fullstory/0080425.html>) *J2 Global Looks To Raise $1.2B In Senior Note Offering* <https://www.socaltech.com/fullstory/0080423.html> Los Angeles-based J2 Global, which operates a wide range of Internet businesses and publications, said this morning that it has launched a private offering where it is is looking to raised $1.2B in senior notes, due in 2030. The company said the funds will go to redeem an existing $650M in 6.0% senior notes due in 2025. J2 Global expects to use the remainder of the net proceeds from the offering for general corporate purposes, which may include acquisitions and repurchases. (More... <https://www.socaltech.com/fullstory/0080423.html>) *Cornerstone OnDemand: Time Off To Study Ballot Popular With Employees* <https://www.socaltech.com/fullstory/0080421.html> Santa Monica-based Cornerstone OnDemand, which develops employee development software, says that a survey it has run has found that 50 percent of employees it surveyed desire time off to study their ballot before they vote. Cornerstone OnDemand said it ran a survey with YouGove, which provides public opinion and data, finding 80% of adults typically spend less than two hours to learn about their ballot--and could use additional time off to study their upcoming ballots. (More... <https://www.socaltech.com/fullstory/0080421.html>) *Ring Hit By Downtime* <https://www.socaltech.com/fullstory/0080420.html> Santa Monica-based Ring, the maker of security cameras, doorbells, and other products, was seeing major downtime on Wednesday, with users reporting that the service and doorbells were "basically unusable". Users reported on social media that their doorbells were going off randomly, motion alerts from hours ago were finally showing up on their phone, and support was unreachable. (More... <https://www.socaltech.com/fullstory/0080420.html>) *Report Claims Bird Program Saddling Fleet Owners With Debt* <https://www.socaltech.com/fullstory/0080419.html> According to a new report, Santa Monica-based "on-demand" scooter company Bird recently started running a program which allows the contractors who charge its scooters to acquire their own fleet of scooters--but which, as a result of the pandemic--has saddled many with huge amounts of debt.. ( More... <https://www.socaltech.com/fullstory/0080419.html>) *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]. *UK Government's Department for International Trade (DIT) <https://www.events.great.gov.uk/ehome/200195057>* The UK is one of the world's fastest-growing tech hubs with more than 60,000 tech companies, 30 industry clusters, and over $14 billion in investment over the last five years. The UK Government's Department for International Trade (DIT) team provides local 1:1 support to companies expanding internationally, helping de-risk market entry with free support services. DIT can provide tailored set-up information, including market research, legal and accounting introductions, recruitment support, policy insight, and partnership-building opportunities. As the #1 destination in Europe for inward investment and tech talent, and home to more fast-growth companies than any other European country, the UK has a lot to offer to US companies. We work with all companies, from start-ups/scale-ups through to the Fortune 500. To find out more about "Why UK," and to work with DIT's LA team, contact us at: https://www.events.great.gov.uk/ehome/200195057 *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 ------------------------------ *Recent Funding <#funding>* 9/29/20 Seismic <https://www.socaltech.com/intelligence/?action=showdeal&id=100936> Solana Beach $92.00 M 9/28/20 Liquid Death <https://www.socaltech.com/intelligence/?action=showdeal&id=100935> Santa Monica $23.00 M 9/24/20 Camera IQ <https://www.socaltech.com/intelligence/?action=showdeal&id=100898> Santa Monica $5.00 M 9/23/20 Point Predictive <https://www.socaltech.com/intelligence/?action=showdeal&id=100897> San Diego $0.00 M 9/23/20 GOAT <https://www.socaltech.com/intelligence/?action=showdeal&id=100896> Los Angeles $100.00 M 9/22/20 Beyond Limits <https://www.socaltech.com/intelligence/?action=showdeal&id=100895> Glendale $133.00 M 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 Ready, Set, Food! <https://www.socaltech.com/intelligence/?action=showdeal&id=100582> Encino $3.00 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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