*socaltech.com <http://socaltech.com> TechNews - Thursday, October 22, 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 * - Interview with Krisztina Holly, Good Growth Capital <#0080510> - Colony Capital's DataBank Invests $30M In EdgePresence <#0080508> - Wemo Debuts Outdoor Wi-Fi Smart Plug <#0080509> - Belkin Rolls Out 60W GaN Wall Charger <#0080511> - Quibi Confirms Shutdown, Will Sell Off Assets <#0080507> - Quibi Shutting Down, Says Report <#0080506> - Beyond Limits, Fresh Off $133M Funding, Links With Management Consulting Firm <#0080505> - Brain Corp. Wins Expanded Implementation With Sam's Club <#0080504> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad749> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Tech Coast Map & Calendar – Put Your Company On The Map! <#ad717> - Become a Socaltech Supporter! <#ad724> *Thursday, October 22, 2020* *Preccelerator U Presents: Networking for Capital with Len Lanzi - 10/27 <https://www.eventbrite.com/e/preccelerator-u-presents-networking-for-capital-with-len-lanzi-tickets-122440854893>* October 27 - Preccelerator® U Presents: Networking for Capital with Len Lanzi. This session will focus on techniques and ways to network in the VC and Angel Community. We will interact and share best practices on business development and promoting your start-up. We will explore the different natural networks we have individually and build a personal action plan for you to use to build your network. See https://www.eventbrite.com/e/preccelerator-u-presents-networking-for-capital-with-len-lanzi-tickets-122440854893 *Interview with Krisztina Holly, Good Growth Capital* <https://www.socaltech.com/fullstory/0080510.html> Earlier this week, Good Growth Capital (www.goodgrowthvc.com) announced it has started looking at investments in Southern California, adding Krisztina Holly as West Coast Venture Partner for the firm. We caught up with Krisztina, who has been active in Southern California's startup community for a number of years, to learn more about the firm and its investment style. (More... <https://www.socaltech.com/fullstory/0080510.html>) *Colony Capital's DataBank Invests $30M In EdgePresence* <https://www.socaltech.com/fullstory/0080508.html> DataBank, a provider of colocation and managed services company which is owned by Los Angeles-based private equity investor Colony Capital, has made a $30M, strategic investment in EdgePresence, a developer of data centers. According to Colony Capital, EdgePresence provides multi-tenant, modular data centers, which include critical power, monitoring, physical security, and cooling, and are deployed at the base of cell towers, key real estate, and enterprise campus locations. (More... <https://www.socaltech.com/fullstory/0080508.html>) *Wemo Debuts Outdoor Wi-Fi Smart Plug* <https://www.socaltech.com/fullstory/0080509.html> Los Angeles-based connected home products maker Wemo has launched a new, outdoor Wi-Fi enabled "smart plug", which users can control using their phone or tablet. According to Wemo, its new WiFi outdoor Smart Plug allows users to control lights, holiday decorations and other outdoor devices and appliances with no subscription or hub required. The new device works with Apple HomeKit, Amazon Alexa, and Hey Google. Wemo is the smart home unit of consumer giant Belkin. The new devie will cost $39. (More... <https://www.socaltech.com/fullstory/0080509.html>) *Belkin Rolls Out 60W GaN Wall Charger* <https://www.socaltech.com/fullstory/0080511.html> Los Angeles-based Belkin is rolling out a new, 60W wall charger based on new gallium nitride (GaN) technology, which promises to make wall chargers much smaller than they are now. According to Belkin, its BOOST CHARGE PRO USB-C PD GaN Wall Charger charges such USB-C PD enabled devices as the Google Pixel 5, iPad Pro or Macbook Pro. (More... <https://www.socaltech.com/fullstory/0080511.html>) *Quibi Confirms Shutdown, Will Sell Off Assets* <https://www.socaltech.com/fullstory/0080507.html> Los Angeles-based short form, mobile streamng startup Quibi confirmed on Wednesday afternoon that it is indeed shutting down its service. According to the company, it is winding down the business and looking to sell its content and technology assets. According to Quibi, it has "considered and exhausted every option available to us" and said it was "not succeeding" either because "the idea itself wasn't strong enough to justify a standalone streaming service or because of our timing. (More... <https://www.socaltech.com/fullstory/0080507.html>) *Quibi Shutting Down, Says Report* <https://www.socaltech.com/fullstory/0080506.html> Los Angeles-based Quibi is shutting down and has hired a restructuring firm to help it wind down the company, with co-founder Jeffrey Katzenberg confirming to investors on Wednesday that the company will shut down, according to a report from the WSJ. The report--citing "people familiar with the matter", which seem to include some of the company's investors--says that Quibi hired a restructuring firm in recent weeks to evaluate options, with one of those options a shutdown of the company. ( More... <https://www.socaltech.com/fullstory/0080506.html>) *Beyond Limits, Fresh Off $133M Funding, Links With Management Consulting Firm* <https://www.socaltech.com/fullstory/0080505.html> Los Angeles-based Beyond Limits, the artificial intelligence software developer which recently raised a big, $133M funding round, has linked with management consulting firm The Carnrite Group, the two said on Wednesday. According to the two, they are partnering to promote artificial intelligence awareness in the energy and industrial sectors. The Carnrite Group focuses on oil and gas, utility, power, and industrial customers. Financial details of the deal were not announced. (More... <https://www.socaltech.com/fullstory/0080505.html>) *Brain Corp. Wins Expanded Implementation With Sam's Club* <https://www.socaltech.com/fullstory/0080504.html> San Diego-based artificial intelligence and robotics company Brain Corp says it is expanding its deployment of its technology to Sam's Club. According to Brain Corp., Sam's Club is adding 372 autonomous floor scrubbers, which are manufactured by Brain Corp partner Tennant Company, beginning this fall. Brain Corp's software is used in those floor scrubbers to both automatically clean floors--as well as take shelf inventory. Brain Corp. (More... <https://www.socaltech.com/fullstory/0080504.html>) *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] *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 *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]. *Tech Coast Map & Calendar – Put Your Company On The Map! <https://www.siliconmaps.com/tech-coast/>* Include your company on the Tech Coast Map and be part of the iconic industry symbol of Technology Innovation in Southern California. The map is promoted through Print, Digital, and web with an online interactive version of the map. Take part in the effective map campaign to support your region, brand and location(s) while promoting your company as an industry leader. The custom imprinted Poster/Calendars make the perfect promotional year-end gift for stakeholders. View the large interactive map at https://www.siliconmaps.com/tech-coast/ Contact [email protected] for more information and mention Socal Tech for special industry rates. *Become a Socaltech Supporter!* Interested in letting Southern California's high tech community know you are here for them? Want to reach Southern California's movers and shakers? Become a SPONSOR or SOCALTECH SUPPORTER! Our sponsors and supporters are featured on our website, and online service provider directory, as well as in our newsletter multiple times per week. It's a great way to both get the word out about your services, as well as support our news coverage of local companies across the tech industry! Contact [email protected] for details. ------------------------------ *Recent Funding <#funding>* 10/20/20 ThinkIQ, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=101033> Aliso Viejo $11.60 M 10/20/20 Zest AI <https://www.socaltech.com/intelligence/?action=showdeal&id=101032> Los Angeles $15.00 M 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 GOAT <https://www.socaltech.com/intelligence/?action=showdeal&id=100896> Los Angeles $100.00 M 9/23/20 Point Predictive <https://www.socaltech.com/intelligence/?action=showdeal&id=100897> San Diego $0.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html October 27, Los Angeles -- *Preccelerator® U Presents: Networking for Capital with Len Lanzi* Preccelerator® U Presents: Networking for Capital with Len Lanzi. This session will focus on techniques and ways to network in the VC and Angel Community. We will interact and share best practices on business development and promoting your start-up. We will explore the different natural networks we have individually and build a personal action plan for you to use to build your network. See http://www.socaltech.com/calendar/eventid/26694 October 28, San Diego -- *CONNECT Legal Office Hours* Legal Office Hours. Connect. Meet One-on-One w/ an Expert… for Free. See http://www.socaltech.com/calendar/eventid/26672 ------------------------------ *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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