*socaltech.com <http://socaltech.com> TechNews - Tuesday, December 15, 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 * - Westlake Village BioPartners Raises $500M In Two Funds <#0080711> - ClickUp Connects With $100M <#0080712> - Eta Compute Gets $12.5M In Series C <#0080713> - ACELYRIN Snags Funding For Biotech Effort <#0080714> - NEOGOV Merges With PowerDMS <#0080715> - Scientist.com Acquires HealthEconomics.com <#0080716> - Locanabio Finds $100M For Gene Therapy <#0080707> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad749> - Tech Coast Map & Calendar – Put Your Company On The Map! <#ad717> - Become a Socaltech Supporter! <#ad724> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Accelerating Growth For Early Stage Innovation. <#ad764> *Tuesday, December 15, 2020* *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 *Westlake Village BioPartners Raises $500M In Two Funds* <https://www.socaltech.com/fullstory/0080711.html> Los Angeles-based life sciences investor Westlake Village BioPartners announced today that it has raised two new venture capital funds, worth a total of $500M, for its investments in biotech companies. According to the company, its two funds include Opportunity I, worth $70M, which will invest in additional Series B or later-round capital into promising companies they incubated or invested in with their original fund, Westlake BioPartners 1 (WBP1). (More... <https://www.socaltech.com/fullstory/0080711.html>) *ClickUp Connects With $100M* <https://www.socaltech.com/fullstory/0080712.html> San Diego-based software developer ClickUp, which develop workplace apps, says it has raised $100M in its Series B funding round. The funding was led by Georgian, and also included Craft Ventures. ClickUp says it has now raised $135M in total. ClikUp offers up a range of corporate apps, including project management, chat, docs, time management, wikis, goal tracking, dashboards, and more. The company says it has seen more than 900 percent revenue growth in the past year. (More... <https://www.socaltech.com/fullstory/0080712.html>) *Eta Compute Gets $12.5M In Series C* <https://www.socaltech.com/fullstory/0080713.html> Westlake Village-based Eta Compute, a developer of technology for energy efficient artificial intelligence processing, has raised $12.5M in a Series C funding. The company says it has now raised $31.9M in total. The funding was led by Synaptics Incorporated, as well as existing investors. As part of the funding, Satish Ganesan, the Chief Strategy Officer at Synaptics, will join Eta's board. Eta Compute is led by CEO Dr. Ted Tewksbury. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=101339> )(More... <https://www.socaltech.com/fullstory/0080713.html>) *ACELYRIN Snags Funding For Biotech Effort* <https://www.socaltech.com/fullstory/0080714.html> Los Angeles-based ACELYRIN, a new startup biopharma company, announced this morning that it has raised a Series A funding. Size of the funding round was not announced. The funding came from Westlake Village BioPartners. ACELYRIN said it is focused on providing patients life-changing new treatment options by identifying, acquiring, and accelerating development and commercialization of promising drug candidates. The company was co-founded by Shao-Lee Lin, MD, PhD, and Bob Carey. (More... <https://www.socaltech.com/fullstory/0080714.html>) *NEOGOV Merges With PowerDMS* <https://www.socaltech.com/fullstory/0080715.html> El Segundo-based NEOGOV, which develops human resources software for the public sector, says it has agreed to merge with PowerDMS, a developer of cloud-based compliance software. Financial details of the merger were not announced. PowerDMS develops compliance software used to track compliance with politics, training, and industry standards. NEOGOV said the merger will expand its product offerings. (More... <https://www.socaltech.com/fullstory/0080715.html>) *Scientist.com Acquires HealthEconomics.com* <https://www.socaltech.com/fullstory/0080716.html> San Diego-based outsourced healthcare R&D marketplace Scientist.com said this morning that it will acquire HealthEcnomics.com, which operates an online community of scientists and suppliers of heatlh economics and outcomes research. Financial details of the acquisition were not announced. The companies said they expect the acquisition to be completed in January. Scientist. (More... <https://www.socaltech.com/fullstory/0080716.html>) *Locanabio Finds $100M For Gene Therapy* <https://www.socaltech.com/fullstory/0080707.html> San Diego-based Locanabio, a biotech startup developing gene therapy to treat neurodegenerative, neuromuscular, and retinal diseases, has raised $100M in a Series B funding, the company said this morning. The funding was led by Vida Ventures, and also included RA Capital Management, Invus, Acuta Capital Partners and an investment fund associated with SVB Leerink, plus prior investors ARCH Venture Partners, Temasek, Lightstone Ventures, UCB Ventures and GV. Locanabio is led by CEO Jim Burns. (More... <https://www.socaltech.com/fullstory/0080707.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] *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. *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]. *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 ------------------------------ *Recent Funding <#funding>* 12/15/20 Eta Compute <https://www.socaltech.com/intelligence/?action=showdeal&id=101339> Thousand Oaks $12.50 M 12/03/20 Esports One <https://www.socaltech.com/intelligence/?action=showdeal&id=101261> Santa Monica $4.00 M 12/02/20 Flock Freight <https://www.socaltech.com/intelligence/?action=showdeal&id=101260> Solana beach $113.50 M 12/01/20 GoSecure <https://www.socaltech.com/intelligence/?action=showdeal&id=101251> La Jolla $35.00 M 11/24/20 Credit Key <https://www.socaltech.com/intelligence/?action=showdeal&id=101176> Los Angeles $33.85 M 11/23/20 Relativity <https://www.socaltech.com/intelligence/?action=showdeal&id=101175> Los Angeles $500.00 M 11/18/20 Everytable <https://www.socaltech.com/intelligence/?action=showdeal&id=101174> Los Angeles $16.00 M 11/17/20 Trust & Will <https://www.socaltech.com/intelligence/?action=showdeal&id=101173> San Diego $15.00 M 11/17/20 A-Frame <https://www.socaltech.com/intelligence/?action=showdeal&id=101151> Venice $2.00 M 11/13/20 Applied Data Finance, LLC <https://www.socaltech.com/intelligence/?action=showdeal&id=101150> San Diego $14.20 M 11/13/20 Shred <https://www.socaltech.com/intelligence/?action=showdeal&id=101149> Hollywood $4.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ *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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