*socaltech.com <http://socaltech.com> TechNews - Friday, November 20, 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 Joe Bayen, Grow Credit <#0080629> - Rocket Lab Sees Successful Launch, Recovery <#0080631> - Sonos, Google In Court Over Patents <#0080630> - Ashton Kutcher's Sound Ventures Seeks $150M Third Fund <#0080628> - Rocket Lab Mission Planned For Thursday Evening, Hopes For Rocket Recovery <#0080627> - Wave Gets Investment From Tencent Holdings <#0080626> - Encantos Takes $5.7M More For EdTech Efforts <#0080621> *Marketplace* - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stradling <#ad608> *Friday, November 20, 2020* *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 *Interview with Joe Bayen, Grow Credit* <https://www.socaltech.com/fullstory/0080629.html> For today's interview, we spoke with Joe Bayen, the CEO and founder of Los Angeles-based Grow Credit (www.growcredit.com), which runs a fintech startup which allows you to pay your subscriptions through a free Mastercard, as a way to boost your credit score. The company's venture backers include Mucker Capital and Commerce Capital, as well as angel investor Minal Hasan, of K2 Global Ventures. (More... <https://www.socaltech.com/fullstory/0080629.html>) *Rocket Lab Sees Successful Launch, Recovery* <https://www.socaltech.com/fullstory/0080631.html> Long Beach-based rocket developer Rocket Lab successfully launched 30 satellites into space, and recovered the first stage of a rocket on Thursday, the first time the company has successfully made a recovery of its hardware. The "Return to Sender" mission was launched in New Zealand. Rocket Lab used a parachute to recover its first stage, which landed in water and was recovered using a recovery vessel. (More... <https://www.socaltech.com/fullstory/0080631.html>) *Sonos, Google In Court Over Patents* <https://www.socaltech.com/fullstory/0080630.html> Santa Barbara-based Sonos and Internet giant Google were in court this week, accusing each of patent infringement, with Sonos hoping to move a Google patent suit out of California and into Texas, in the Western District of Texas court, which has a reputation as being friendlier to patent lawsuits. Sonos is being represented by Orrick Herrington & Sutcliffe LLP, with Google represented by Quinn Emanuel Urquhart & Sullivan LLP. (More... <https://www.socaltech.com/fullstory/0080630.html>) *Ashton Kutcher's Sound Ventures Seeks $150M Third Fund* <https://www.socaltech.com/fullstory/0080628.html> Los Angeles-based Sound Ventures, the venture capital fund run by Ashton Kutcher and Guy Oseary, is looking to raise a third fund, worth $150M, according to a regulatory filing by the company. According to the filing, the fund's managing directors are Effie Epstein, Ashton Kutcher, and Guy Oseary, and so far has no limited partners signed up for the new fund. Sound Ventures has backed such companies as Bird, LearnLux, Acords, Zenefits, Moovit, and others. (More... <https://www.socaltech.com/fullstory/0080628.html>) *Rocket Lab Mission Planned For Thursday Evening, Hopes For Rocket Recovery* <https://www.socaltech.com/fullstory/0080627.html> Long Beach-based Rocket Lab is attempting another launch today, at 5:44pm PST, from its launch site in New Zealand. The mission, "Return to Sender", will include the first attempt to recover the first stage booster of the company's rocket, which would enable it to lower the costs of launching payloads. The company is webcasting the launch online. (More... <https://www.socaltech.com/fullstory/0080627.html>) *Wave Gets Investment From Tencent Holdings* <https://www.socaltech.com/fullstory/0080626.html> Los Angeles-based virtual reality startup Wave has scoreds an investment from Chinese company Tencent Holdings, as part of a partnership to bring Wave's animated concert technology to companies in China, the two said on Thursday. Financial details of the minority investment were not announced. ( More... <https://www.socaltech.com/fullstory/0080626.html>) *Encantos Takes $5.7M More For EdTech Efforts* <https://www.socaltech.com/fullstory/0080621.html> Culver City-based Encantos, an edtech startup which helps kids with literacy, learning skills, and life skills, has raised $5.7M in a new funding round, the company announced this morning. (More... <https://www.socaltech.com/fullstory/0080621.html>) *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 *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]. *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 *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>* 11/18/20 Everytable <https://www.socaltech.com/intelligence/?action=showdeal&id=101174> Los Angeles $16.00 M 11/17/20 A-Frame <https://www.socaltech.com/intelligence/?action=showdeal&id=101151> Venice $2.00 M 11/17/20 Trust & Will <https://www.socaltech.com/intelligence/?action=showdeal&id=101173> San Diego $15.00 M 11/13/20 Shred <https://www.socaltech.com/intelligence/?action=showdeal&id=101149> Hollywood $4.00 M 11/13/20 Applied Data Finance, LLC <https://www.socaltech.com/intelligence/?action=showdeal&id=101150> San Diego $14.20 M 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 Replicated <https://www.socaltech.com/intelligence/?action=showdeal&id=101036> Los Angeles $25.00 M 10/27/20 Theta Lake <https://www.socaltech.com/intelligence/?action=showdeal&id=101034> Santa Barbara $12.70 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html December 8, Los Angeles -- *A Primer on Prevention and Response to Data Breaches* *NEW* . See http://www.socaltech.com/calendar/eventid/26704 ------------------------------ *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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