*socaltech.com <http://socaltech.com> TechNews - Friday, October 16, 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 * - Fisker In Manufacturing Deal With Magna <#0080486> - AECOM Sells Power Construction Business To Private Equity Investor <#0080484> - CoreLogic To Divest Reseller Business <#0080483> - Cornerstone OnDemand Links Into ServiceNow <#0080485> - RayzeBio Finds $45M For Cancer Therapeutics <#0080482> - Evofem Biosciences Scores $25M <#0080479> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Stradling <#ad608> *Friday, October 16, 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 *Fisker In Manufacturing Deal With Magna* <https://www.socaltech.com/fullstory/0080486.html> Los Angeles-based electric vehicle designer Fisker Inc. said on Thursday that it has reached a deal with auto supplier Magna International, where Magna will provide the vehicle platform and build Fisker's upcoming Ocean SUV. According to Fisker, it expects Magna to manufacture the Ocean SUV at its European vehicle assembly facility, starting in Q4 of 2022. (More... <https://www.socaltech.com/fullstory/0080486.html>) *AECOM Sells Power Construction Business To Private Equity Investor* <https://www.socaltech.com/fullstory/0080484.html> Los Angeles-based construction giant AECOM announced this morning that it is selling off its Power construction business, to affiliates of CriticalPoint Capital, LLC. Financial details of the deal were not announced. The company said the sale is part of an effort to transform itself into a "higher-margin, lower-risk" professional services business. AECOM said it was advised by Wachtell, Lipton, Rosen & Katz along with DBO Partners LLC in the transaction. (More... <https://www.socaltech.com/fullstory/0080484.html>) *CoreLogic To Divest Reseller Business* <https://www.socaltech.com/fullstory/0080483.html> Irvine-based property information provider *CoreLogic <http://www.corelogic.com>* said this morning that it will discontinue its reseller business, as part of a previously announced "strategic plan". The company said by divesting the business--which offers up tenant screening, credit, and borrower verification services--it will "signnificantly enhance" its revenue profile and increase its margins. The firm also said the move will reduce its exposure to mortgage volatility.(More... <https://www.socaltech.com/fullstory/0080483.html>) *Cornerstone OnDemand Links Into ServiceNow* <https://www.socaltech.com/fullstory/0080485.html> Santa Monica-based Cornerstone OnDemand, which develops cloud-based employee development software, says it has integrated its products with ServiceNow. According to the two, the integration allows organizations that use Cornerstone to train their employees to directly integrate with ServiceNow's HR delivery products. (More... <https://www.socaltech.com/fullstory/0080485.html>) *RayzeBio Finds $45M For Cancer Therapeutics* <https://www.socaltech.com/fullstory/0080482.html> San Diego-based RayzeBio, which is working on using radioactive materials to treat cancer, said this week that it has raised $45M for its cancer therapeutics efforts. The Series A funding was led by venBio Partners and Versant Ventures, and also included Samsara BioCapital. The company said the funding will go to advance its development of a pipeline of targeted radiopharmaceuticals for cancer therapeutics. The company's products are centered around the radioactive material Actinium-225. (More... <https://www.socaltech.com/fullstory/0080482.html>) *Evofem Biosciences Scores $25M* <https://www.socaltech.com/fullstory/0080479.html> San Diego-based Evofem Biosciences, a biopharmaceuticals firm which is developing products to prevent urogenital chlamydia and gonorrhea in women, and which also markets a vaginal contraceptive gel, saysi t has raised $25M in a strategic investment. The publicly held company--which trades on the NASDAQ as EVFM--said the investment came via unsecured convertible promissory notes. The investment came from Adjuvant Capital. (More... <https://www.socaltech.com/fullstory/0080479.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]. *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 *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 *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>* 10/14/20 Menlo Microsystems, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100962> Irvine $44.00 M 10/08/20 Slingshot Aerospace <https://www.socaltech.com/intelligence/?action=showdeal&id=100961> El Segundo $1.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html October 28, San Diego -- *CONNECT Legal Office Hours* Legal Office Hours. 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