*socaltech.com <http://socaltech.com> TechNews - Monday, October 5, 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 * - Smule Connects Into Snap Camera For AR Rap App <#0080434> - iHerb To Invest $100M In Russia <#0080436> - American Vanguard Acquires Agrinos <#0080433> - CoreLogic Shareholder Against Unsolicited Bid <#0080435> - Math Games Hits 50M Downloads <#0080432> - Grindr Vulnerability Allowed Takeover With Just Email Address <#0080431> - BAM Ventures, Led By Brian Lee, Seeks $50M In Third Fund <#0080430> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> *Monday, October 5, 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 *Smule Connects Into Snap Camera For AR Rap App* <https://www.socaltech.com/fullstory/0080434.html> Interactive music creation app developer Smule said this morning that it has integrated with Venice, California-based Snap, with the Snap Camera. According to Smule, its hip-hop music app AutoRap now connects directly into Snap Camera, bringing augmented reality (AR) lens support to its ecosystem. Smule said it is integrating Lenses through the Snap Camera Kit. Smule said the connection into Snap allows users of AutoRap the ability to use AR elements in their original rap performances. (More... <https://www.socaltech.com/fullstory/0080434.html>) *iHerb To Invest $100M In Russia* <https://www.socaltech.com/fullstory/0080436.html> Pasadena-based online vitamin seller iHerb says it plans to invest $100M in Russia, as a part of an effort to serve the Russian community. The company said the investment will include exporting Russian products, partnerships with Russian logistics companies, expansion of our technology development center, and the building of robotic fulfillment centers. The company, which sells vitamins and supplements online, did not say what percentage of its business is in that country. (More... <https://www.socaltech.com/fullstory/0080436.html>) *American Vanguard Acquires Agrinos* <https://www.socaltech.com/fullstory/0080433.html> Newport Beach-based American Vanguard Corporation, a provider of specialty and agricultural products, announced this morning that it has acquired Agrinos, a technology product focused on biological crop inputs. Financial details of the acquisition were not announced. The acquisition came through American Vanguard's operating subsidiary, AMVAC Chemical Corporation. ( More... <https://www.socaltech.com/fullstory/0080433.html>) *CoreLogic Shareholder Against Unsolicited Bid* <https://www.socaltech.com/fullstory/0080435.html> One of the big shareholders of Irvine-based CoreLogic---Kennedy Enterprises LP--says it is against the recent unsolicited bid on the provider of real estate information. Kennedy Enterprises LP, which says it is a top 20 shareholder with approximately 1.3 million shares of CoreLogic, says CoreLogic is worth "far in excess" of the $66.00 per share in cash bid from Senator Investment Group LP and Cannae Holdings Inc. A vote on the unsolicited bid is scheduled for November 17th. (More... <https://www.socaltech.com/fullstory/0080435.html>) *Math Games Hits 50M Downloads* <https://www.socaltech.com/fullstory/0080432.html> Los Angeles-based Math Games, a developer of online games focused on teaching math, says it has seen its user base skyrocket due to the pandemic, reporting it has now seen more than 50 million downloads, and now is being used by over 31 million students across the country. The company, led by CEO Bill Kara, says is has seen a 200% overall rise in traffic to the site due to the pandemic, and now sees 85,000 daily active users. ( More... <https://www.socaltech.com/fullstory/0080432.html>) *Grindr Vulnerability Allowed Takeover With Just Email Address* <https://www.socaltech.com/fullstory/0080431.html> A now-fixed security vulnerability on the app of Los Angeles-based Grindr would allow a hacker to take over control of any of the site's users, requiring only knowing a user's address. According to a security researcher, the bug--now fixed--was a result of a "password reset token" leak issue with Grindr's website. The vulnerability is not the first for Grindr, which had a widely publicized location information leak last year. Security vulnerability are not uncommon with online services and apps. ( More... <https://www.socaltech.com/fullstory/0080431.html>) *BAM Ventures, Led By Brian Lee, Seeks $50M In Third Fund* <https://www.socaltech.com/fullstory/0080430.html> BAM Ventures, the venture capital investment firm founded by serial entrepreneur Brian Lee, is looking to raised $50M in a third venture capital fund, BAM Ventures III, L.P.. Lee--best known for co-founding LegalZoom, as well as Shoedazzle--has been making investments from his own funds for a number of years. BAM's prior fund, BAM Ventures II, was $20M, with the first fund, BAM Ventures I, worth $6M. (More... <https://www.socaltech.com/fullstory/0080430.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]. *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 *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>* 9/29/20 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 Gemist <https://www.socaltech.com/intelligence/?action=showdeal&id=100579> Los Angeles $0.00 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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