*socaltech.com <http://socaltech.com> TechNews - Friday, October 23, 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 * - Whisper Energy Systems Aims At Small Engines <#0080516> - Report: 3 out of 5 Gig Workers Now Making Less Than $1000 Per Month <#0080515> - Clearlake's Symplyr Acquires Another Firm, TractManager <#0080514> - Oblong Gets $3.0M In Private Placement <#0080512> - Polycade Takes On PC Gaming <#0080513> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> *Friday, October 23, 2020* *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]. *Whisper Energy Systems Aims At Small Engines* <https://www.socaltech.com/fullstory/0080516.html> A new, Los Angeles-based startup, Whisper Energy Systems, said Thursday that it has partnered with electric carRpioneer Wally Rippel, on developing a new Lithium-powered device to replace small internal combustion engines. Rippel who was behind some of the first electric vehicles, including the GM EV1 (GM Impact), as well as Tesla's early effort. (More... <https://www.socaltech.com/fullstory/0080516.html>) *Report: 3 out of 5 Gig Workers Now Making Less Than $1000 Per Month* <https://www.socaltech.com/fullstory/0080515.html> A new report from a Bay Area venture capital firm says that three out of 5 "gig" workers are now making less than a total of $1000 per month, having been hard hit by the ongoing pandemic. The report, from Flourish Ventures, says it surveyed 700 gi wokers across Atlanta, Chicago, New York, Philadelphia, and San Francisco, and found that 68% of those gig workers reported a decline in their total income during the COVID-19 pandemic. ( More... <https://www.socaltech.com/fullstory/0080515.html>) *Clearlake's Symplyr Acquires Another Firm, TractManager* <https://www.socaltech.com/fullstory/0080514.html> One of the portfolio companies of Santa Monica-based private equity investor Clearlake Capital Group is on an acquisition roll, acquiring yet another company. Clearlake said that Symplr, its portfolio company offering up healthcare governance, risk management, and compliance software-as-a-service, has acquired TractManager, a provider of contracting, sourcing, and provider management software for the healthcare industry. Financial details of the deal were not announced. (More... <https://www.socaltech.com/fullstory/0080514.html>) *Oblong Gets $3.0M In Private Placement* <https://www.socaltech.com/fullstory/0080512.html> Los Angeles-based a href="http://www.oblong.com";>Oblong, which develops futuristic remote collaboration and meeting products, said Thursday afternoon that the company has raised approximately $3.0M through a private placement. The publicly listed company--which trades on the NYSE American as OBLG--said the private placement came from un-named set of institutional and accredited investors. $2.5M of that private placement went to pay back Silicon Valley Bank on a $5.6M loan agreement. (More... <https://www.socaltech.com/fullstory/0080512.html>) *Polycade Takes On PC Gaming* <https://www.socaltech.com/fullstory/0080513.html> Los Angeles-based Polycade, which is backed by Founders Fund, Wavemaker Partners, Rashaun Williams and Eric Campbell, and has been part of the Comcast/NBCUniversal LIFT Labs accelerator powered by Techstars, said it has announced a new product, which turns any PC into an arcade gaming system. The company--which was founded by Jake Galler and Tyler Bushnell, son of Atari and Chuck E. (More... <https://www.socaltech.com/fullstory/0080513.html>) *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 *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 *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. *Early Stage Commercial Insurance - Pacific Unified Insurance Agency < [email protected]>* We are a commercial insurance broker working with startup and early stage technology and E-Commerce companies to implement cost effective strategies for their insurance and risk management programs. We provide guidance and strategic planning during various phases and also advise regarding employee benefit structures to assist in employee recruiting and retention. Coverage placements include D&O, Property, Liability, Workers Comp, E&O, Cyber/Network Security and Employee Benefit Programs. Contact: John Huttinger, CIC, CRM Vice President Ph#310-370-5000 Ext 3025 w Fx 310-370-5454 [email protected] ------------------------------ *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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