*socaltech.com <http://socaltech.com> TechNews - Tuesday, November 10, 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 * - Romeo Power Gets Funding From Trash Hauler Republic Services <#0080583> - Ambrx Raises $200M More <#0080582> - RxVantage Buys onPoint Oncology <#0080584> - Quest Software Acquires Quadrotech <#0080585> - Wondery Looks For Buyer, Says Reports <#0080581> - Beyond Meat Shares Get Whiplash After McDonald's Announcement <#0080580> *Marketplace* - UK Government's Department for International Trade (DIT) <#ad756> - 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> - Become a Socaltech Supporter! <#ad724> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> *Tuesday, November 10, 2020* *Preccelerator U Presents: Financial Modeling & Fundraising - Nov 10 <https://www.eventbrite.com/e/preccelerator-u-presents-financial-modeling-fundraising-with-mark-wald-tickets-126484064241>* Preccelerator® U Presents: Financial Modeling & Fundraising with Mark Wald. November 10, 12pm - 1:30pm Online Mark Wald, owner of Supporting Strategies Santa Monica, will deliver this casual talk and combine it with a Q&A. To attract professional investor capital, you need to be in control of your financials and projections. Every entrepreneur looking to expand their business should join us for this workshop by one of the leading financial accounting firms in town, Supporting Strategies Santa Monica. Over a 90-minute workshop you can expect to get a glimpse into financial modeling and fundraising for startups, KPIs and how to use them, and more! Register today! https://www.eventbrite.com/e/preccelerator-u-presents-financial-modeling-fundraising-with-mark-wald-tickets-126484064241 *Romeo Power Gets Funding From Trash Hauler Republic Services* <https://www.socaltech.com/fullstory/0080583.html> Los Angeles-based lithium ion battery developer Romeo Systems, Inc. (Romeo Power) has raised new funding from recycling and solid waste company Republic Services. According to Romeo Power, Republic Services has exercised its option to acquire additional shares of Class A common stock in RMG Acquisition Corp. (NYSE: RMG), representing less than 5% of the currently outstanding shares of RMG. Romeo Power is in the midst of an acquisition by RMG Acquisition Corp. (More... <https://www.socaltech.com/fullstory/0080583.html>) *Ambrx Raises $200M More* <https://www.socaltech.com/fullstory/0080582.html> San Diego-based biopharmaceuticals developer Ambrx has raised $200M in a funding round, according to the company, which included Fidelity Management & Research Company LLC, funds and accounts managed by BlackRock, Cormorant Asset Management, HBM Healthcare Investments, Invus, Adage Capital Partners and Suvretta Capital Management. The company described the round as a "crossover financing", which was managed by BofA Securities. Ambrx is led by CEO and Chairman Dr. Feng Tian. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=543>)(More... <https://www.socaltech.com/fullstory/0080582.html>) *RxVantage Buys onPoint Oncology* <https://www.socaltech.com/fullstory/0080584.html> Los Angeles-based RxVantage, which offers up information and data on medications and medical technologies to medical practices, says it has acquired onPoint Oncology, a provider of oncology reimbursement data and analytics. Financial details of the acquisition were not announced. According to RxVantage, onPoint Oncology will operate as a wholly owned subsidiary of the company. (More... <https://www.socaltech.com/fullstory/0080584.html>) *Quest Software Acquires Quadrotech* <https://www.socaltech.com/fullstory/0080585.html> Aliso Viejo-based systems management and security software developer Quest Software said this morning that it has acquired Quadrotech, a developer of management and migration solutions for Microsoft 365 and Office 365. Financial details of the transaction were not announced. According to Quest, the acquisition will add new reporting, license lifecycle management, delegation and policy control for Microsoft 365 and Office 365 to its products. (More... <https://www.socaltech.com/fullstory/0080585.html> ) *Wondery Looks For Buyer, Says Reports* <https://www.socaltech.com/fullstory/0080581.html> Los Angeles-based podcasting network Wondery appears to be attempting to sell itself for between $300M to $400M, according to multiple reports. The podcasting publisher is backed by Waverley Capital, Lerer Hippeau, Greycroft, BDMI, Advancit, Water Tower Ventures, and Powerhouse Ventures. It's unclear how far along those talks are--Bloomberg said its sources said "negotiations are ongoing" with companies such as Apple and Sony. (More... <https://www.socaltech.com/fullstory/0080581.html>) *Beyond Meat Shares Get Whiplash After McDonald's Announcement* <https://www.socaltech.com/fullstory/0080580.html> El Segundo-based plant-based meat maker Beyond Meat saw a huge whiplash in its stock price this morning, after partner McDonald's announced its own, plant-based hamburger alternative, McPlant. Beyond Meat's stock dropped nearly $20 per share on the news, until a couple of hours later, when it was revealed that McDonald's is partnering with Beyond Meat on the development of the new alterative. (More... <https://www.socaltech.com/fullstory/0080580.html>) *UK Government's Department for International Trade (DIT) <https://www.events.great.gov.uk/ehome/200195057>* The UK is one of the world's fastest-growing tech hubs with more than 60,000 tech companies, 30 industry clusters, and over $14 billion in investment over the last five years. The UK Government's Department for International Trade (DIT) team provides local 1:1 support to companies expanding internationally, helping de-risk market entry with free support services. DIT can provide tailored set-up information, including market research, legal and accounting introductions, recruitment support, policy insight, and partnership-building opportunities. As the #1 destination in Europe for inward investment and tech talent, and home to more fast-growth companies than any other European country, the UK has a lot to offer to US companies. We work with all companies, from start-ups/scale-ups through to the Fortune 500. To find out more about "Why UK," and to work with DIT's LA team, contact us at: https://www.events.great.gov.uk/ehome/200195057 *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] *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. *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]. *Pixelgate.net - Internet Access, Web Hosting, Network Services <http://www.pixelgate.net>* We put the "Service" back into Internet Service Provider. http://www.pixelgate.net ------------------------------ *Recent Funding <#funding>* 11/10/20 Ambrx <https://www.socaltech.com/intelligence/?action=showdeal&id=101040> La Jolla $200.00 M 11/05/20 Protomer Technologies <https://www.socaltech.com/intelligence/?action=showdeal&id=101039> Pasadena $0.00 M 10/29/20 Slingshot Aerospace <https://www.socaltech.com/intelligence/?action=showdeal&id=101038> El Segundo $8.00 M 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 GOAT <https://www.socaltech.com/intelligence/?action=showdeal&id=100896> Los Angeles $100.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html November 10, Santa Monica -- *Preccelerator U Presents: Financial Modeling & Fundraising * Preccelerator® U Presents: Financial Modeling & Fundraising with Mark Wald. Mark Wald, owner of SupportinPreccelerator® U Presents: Financial Modeling & Fundraising with Mark Wald. Mark Wald, owner of Supporting Strategies Santa Monica, will deliver this casual talk and combine iPreccelerator® U Presents: Financial Modeling & Fundraising with Mark Wald. Mark Wald, owner of Supporting Strategies Santa Monica, will deliver this casual talk and combine it with a Q&A. To attract professional investor capital, you need to be in control of your financials and projections. Every entrepreneur looking to expand their business should join us for this workshop by one of the leading financial accounting firms in town, Supporting Strategies Santa Monica. Over a 90-minute workshop you can expect to get a glimpse into financial modeling and fundraising for startups, KPIs and how to use them, and more!. See http://www.socaltech.com/calendar/eventid/26695 November 11, Los Angeles -- *Business Inside The Game* BUSINESS INSIDE THE GAME (aka B.I.G.) is a series of highly-curated summits, panels and immersive experiences that explore how to create an impact in social enterprise and solve real business problems in sports, media, technology and culture. B.I.G. assembles a network of thought-leaders, industry experts, athletes and entrepreneurs from diverse backgrounds to connect, network and inspire in dynamic environments. (Zoom). See http://www.socaltech.com/calendar/eventid/26697 November 19, Los Angeles -- *Chief Technology Officers on Emerging Technologies* AITP: Chief Technology Officers on Emerging Technologies. Since 2010, we’ve been inviting CTO panels that focus on emerging technologies having transformative and disruptive impacts on our world. We cover what has changed for CTOs over the recent 2-3 years and the implications of these changes going forward. This is one of the most anticipated and well-attended events of the year, and this year will be no exception. We’ll hear from the following executives on the cutting edge: Bill Parducci, CTO/CPO, Ace Metrix; Vijesh Mehta, CTO and Co-founder at EZ Texting; Thor Clark, CTO of WELL Health; Tony Karrer (moderator), Founder & CEO of TechEmpower, Founder & CTO of Aggregage. See http://www.socaltech.com/calendar/eventid/26696 ------------------------------ *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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