*socaltech.com <http://socaltech.com> TechNews - Wednesday, October 28, 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 * - Scopely Scores $340M Funding Round <#0080532> - Arena Pharmaceuticals Spins Off Longboard Pharmaceuticals With $56M Funding <#0080533> - Two LA Venture Funds Get Backing From PayPal <#0080534> - Happy Returns Links With Inmar Intelligence <#0080535> - White Castle Expands Deployment With Miso Robotics <#0080531> - GeoLinks Gets Private Equity Injection <#0080530> - Replicated Finds $25M In Series B <#0080529> - Theta Lake Takes $12.7M For Security, Compliance Software <#0080528> - Green Dot Backs Gig Wage For Gig Worker Banking <#0080527> - SpaceX To Provide Internet To Texas School District <#0080526> *Marketplace* - Stradling <#ad608> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Wednesday, October 28, 2020* *Support Our News Coverage - Become A Member Today! <https://www.socaltech.com/Membership>* We often get asked--how do we pay for our news coverage and our publishing efforts? That's simple -- it's a combination of our sponsors and YOU. How can YOU make sure you continue to get news on Southern California's technology industry? By becoming a member of socaltech! Not only do you get to support our news coverage, but you also get access to our big database of Southern California companies, venture investors, service providers, and deal information, and many other resources. We are relying on YOU! Join today at http://www.socaltech.com/Membership *Scopely Scores $340M Funding Round* <https://www.socaltech.com/fullstory/0080532.html> Los Angeles-based mobile games developer Scopely announced this morning that it has raised a huge, $340M Series E funding round. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=101037>)(More... <https://www.socaltech.com/fullstory/0080532.html>) *Arena Pharmaceuticals Spins Off Longboard Pharmaceuticals With $56M Funding* <https://www.socaltech.com/fullstory/0080533.html> San Diego-based Arena Pharmaceuticals announced this morning that it has launched a new company, Longboard Pharmaceuticals, with $56M in funding. According to Areana, the newly launched company will focus on investigational therapies for rare neurological diseases. The new funding comes from Farallon Capital, Cormorant Asset Management, HBM Healthcare Investments, Highside Capital Management, and T. Rowe Price Associates, with participation from Arena Pharmaceuticals. (More... <https://www.socaltech.com/fullstory/0080533.html>) *Two LA Venture Funds Get Backing From PayPal* <https://www.socaltech.com/fullstory/0080534.html> Two, Los Angeles-area venture capital investment funds have gotten backing from PayPal, as part of a new effort by PayPal to support Black and Latinx-led venture capital funds. According to PayPal Holdings, it invested a total of $50M in eight, early-stage, Black and Latinx-led venture capital funds yesterday, including two, Los Angeles area funds--Slauson & Co., led by Austin Clements and Ajay Relan; and VamosVentures, led by Marcos C. Gonzalez. Slauson & Co. (More... <https://www.socaltech.com/fullstory/0080534.html>) *Happy Returns Links With Inmar Intelligence* <https://www.socaltech.com/fullstory/0080535.html> San Monica-based Happy Returns, which operates services to help online, e-commerce retailers handle and accept returns, and retail and e-commerce returns processing company Inmar Intelligence said this morning that the two have entered into an agreement where Inmar Intelligence will be a reseller of Happy Returns' Returns Bar and Online Returns Exchange Services (ORES). Financial terms of that agreement were not announced. (More... <https://www.socaltech.com/fullstory/0080535.html>) *White Castle Expands Deployment With Miso Robotics* <https://www.socaltech.com/fullstory/0080531.html> Fast food hamburger chain White Castle is expanding its deployment of robotic kitchen assistants from Pasadena-based Miso Robotics, the two said on Tuesday. According to the two, White Castle and Miso Robotics will target up to ten new locations following completion of the current pilot deployment of Miso's "Flippy" ktichen robot. (More... <https://www.socaltech.com/fullstory/0080531.html>) *GeoLinks Gets Private Equity Injection* <https://www.socaltech.com/fullstory/0080530.html> Camarillo-based wireless internet service provider (WISP) GeoLinks has scored private equity backing, saying on Tuesday that it has received private equity funding from Rock Mountain Capital. Size of the investment was not announced. According to GeoLinks, the funding will go twoards network expansion plans, plus go to strategic acquisition and to streamline internal growth and operations. GeoLinks is led by co-founder and CEO Skyler Ditchfield. (More... <https://www.socaltech.com/fullstory/0080530.html>) *Replicated Finds $25M In Series B* <https://www.socaltech.com/fullstory/0080529.html> Los Angeles-based Replicated, a developer of software for monitoring and managing Kubernetes-based cloud applications, has scored $25M in its Series B funding round, the company announced on Tuesday. The funding was led by Two Sigma. Replicated was founded by Grant Miller and Marc Campbell. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=51338>)( More... <https://www.socaltech.com/fullstory/0080529.html>) *Theta Lake Takes $12.7M For Security, Compliance Software* <https://www.socaltech.com/fullstory/0080528.html> Santa Barbara-based Theta Lake, a developer of security and compliance software which connects with Cisco Webex, Microsoft Teams, RingCentral, Zoom and other collaboration platforms, has raised $12.7M in a Series A funding. According to the company, the funding was led by Lightspeed Venture Partners, and also included Cisco Investments, angel investors, and prior investors Neotribe Ventures, Firebolt Ventures and WestWave Capital. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=101034> )(More... <https://www.socaltech.com/fullstory/0080528.html>) *Green Dot Backs Gig Wage For Gig Worker Banking* <https://www.socaltech.com/fullstory/0080527.html> Pasadena-based Green Dot, which provides banking services, prepaid cards, and other financial services, says it is the lead investor in the Series A funding for Gig Wage. Gig Wage provides payroll, payment and banking services for the gig marketplace. The Series A investment was worth $7.5M, and was led by Green Dot, and also included Continental Investors, Techstars, Rise of the Rest, and others. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=62738>)(More... <https://www.socaltech.com/fullstory/0080527.html>) *SpaceX To Provide Internet To Texas School District* <https://www.socaltech.com/fullstory/0080526.html> Hawthorne, California-based rocket launch, spacecraft, and satellite developer SpaceX, in one of the first large scale deployments of its Starlink satellite constellation, will provide Internet access to Ector County, Texas. According to the Ector County Independent School District (ECISD), it will become the first school district to utilize the SpaceX satellite to expand Internet capacity in Ector County. (More... <https://www.socaltech.com/fullstory/0080526.html>) *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. *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. *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 *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 *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>* 10/28/20 Scopely <https://www.socaltech.com/intelligence/?action=showdeal&id=101037> Culver City $340.00 M 10/27/20 Theta Lake <https://www.socaltech.com/intelligence/?action=showdeal&id=101034> Santa Barbara $12.70 M 10/27/20 Replicated <https://www.socaltech.com/intelligence/?action=showdeal&id=101036> Los Angeles $25.00 M 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 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 ------------------------------ *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. 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. 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