*socaltech.com <http://socaltech.com> TechNews - Tuesday, February 2, 2021* 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 * - Backstage Capital Turns To Crowdfunding To Raise $1M Fund <#0080869> - ServiceTitan Acquires ServicePro <#0080868> - Clearlake Capital, With Partners, Acquires InvestCloud <#0080867> - NHN Global Acquires Cloudnexa <#0080866> - HappyFox Launches AI Bot For Slack <#0080865> - SpaceX To Launch All Civilian Space Mission <#0080864> - Report: Honest Co. Files For IPO <#0080863> - Viant Launches IPO <#0080859> *Marketplace* - 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> - Tech Coast Map & Calendar – Put Your Company On The Map! <#ad717> *Tuesday, February 2, 2021* *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 *Backstage Capital Turns To Crowdfunding To Raise $1M Fund* <https://www.socaltech.com/fullstory/0080869.html> Los Angeles-based Backstage Capital, the startup investment fund led by Arlan Hamilton, has raised more than $1M for its new venture capital fund via crowdfunding, according to its crowdfunding page. Backstage Capital's crowdfunding page says the company raised $1,070,000 from 2,063 investors, in a crowdfunding effort just kicked off a few days ago. Backstage Capital invests in people of color, women, and LGBTQ+ founders. (More... <https://www.socaltech.com/fullstory/0080869.html>) *ServiceTitan Acquires ServicePro* <https://www.socaltech.com/fullstory/0080868.html> Los Angeles-based ServiceTitan, which develops software which helps residential and commercial service contractors manage their business, said today that it has acquired ServicePro, a developer of software for the pest, lawn, and arbor industries. Financial details of the buy were not announced. According to ServiceTitan, it will help ServicePro to scale its support and product development. (More... <https://www.socaltech.com/fullstory/0080868.html>) *Clearlake Capital, With Partners, Acquires InvestCloud* <https://www.socaltech.com/fullstory/0080867.html> Los Angeles-based private equity investor Clearlake Capital, along with private equity partner Motive Partners sai this morning that the two have agreed to acquire 80% of New York-based InvestCLoud, which develops digital wealth and investment management software. Financial terms of the deal were not announced. The companies said the acquisition also merges existing Motive Partners portfolio companies Finantix and Tegra118. (More... <https://www.socaltech.com/fullstory/0080867.html>) *NHN Global Acquires Cloudnexa* <https://www.socaltech.com/fullstory/0080866.html> Los Angeles-based NHN Global, which owns a number of e-commerce, cloud services, and entertainment companies, said it has acquired Cloudnexa, a provider of AWS cloud managed services and other consulting efforts. Financial details of the buy were not announced. NHN Global--based in LA, but which is a subsidiary of a publicly traded NHN Corporation in South Korea--said it will use the acquisition to deliver and expand its AWS Cloud Managed Services efforts. (More... <https://www.socaltech.com/fullstory/0080866.html>) *HappyFox Launches AI Bot For Slack* <https://www.socaltech.com/fullstory/0080865.html> Irvine-based HappyFox, a developer of help desk software, says it has launched a new artificial intelligence software, HappyFox Assist AI. The company said the new software helps provide automatic resolution of repetitive questions to IT and HR teams from within Slack. Slack is a very popular communication tool for companies. HappyFox said the new software integrates with Slack, as well as knowledge base tools like Confluence, as well as ticketing systems Zendesk and HappyFox Help Desk. (More... <https://www.socaltech.com/fullstory/0080865.html>) *SpaceX To Launch All Civilian Space Mission* <https://www.socaltech.com/fullstory/0080864.html> Hawthorne, California-based SpaceX said on Monday that it will launch its own, all civilian space mission on one of its Crew Dragon capsules, saying it plans to put four people into space on the Inspiration4 mission. The mission is expected to launch in Q4. The mission will be piloted by Jared Isaacman, the 37-year-old founder and chief executive officer of Shift4 Payments, which apparently is paying for the full costs of the flight. ( More... <https://www.socaltech.com/fullstory/0080864.html>) *Report: Honest Co. Files For IPO* <https://www.socaltech.com/fullstory/0080863.html> Los Angeles-based Honest Co., the online baby and beauty products retailer co-founded by Brian Lee, Jessica Alba, and Christopher Gavigan, and Sean Kane, has reported filed for an IPO, according to a report from Bloomberg. The report cited "people familiar with the matter". The report says Honest Co. is looking for a valuation of more than $2 billion in the offering, which is being led by L. Catterton. Honest Co. (More... <https://www.socaltech.com/fullstory/0080863.html>) *Viant Launches IPO* <https://www.socaltech.com/fullstory/0080859.html> Irvine-based a href="http://www.viant.com";>Viant Technology, a developer of advertising software, says it has launched an IPO, intending to sell 7,500,000 shares of its Class A common stock in an offering on the Nasdaq Global Market as DSP. The IPO will raise as much as $181M for Viant. The company has given an estimated offering range of between $19.00 and $21.00 per share. Viant is led by technology veteran Tim Vanderhook, who founded Viant with brothers Chris and Russ. (More... <https://www.socaltech.com/fullstory/0080859.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 *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 *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. ------------------------------ *Recent Funding <#funding>* 1/21/21 Plexium <https://www.socaltech.com/intelligence/?action=showdeal&id=101426> San Diego $35.00 M 1/12/21 Genalyte <https://www.socaltech.com/intelligence/?action=showdeal&id=101379> San Diego $50.00 M 1/12/21 Vesica <https://www.socaltech.com/intelligence/?action=showdeal&id=101380> Los Angeles $2.10 M 1/05/21 HG Insights <https://www.socaltech.com/intelligence/?action=showdeal&id=101349> Santa Barbara $0.00 M 12/22/20 Perch <https://www.socaltech.com/intelligence/?action=showdeal&id=101427> Los Angeles $2.50 M 12/15/20 Eta Compute <https://www.socaltech.com/intelligence/?action=showdeal&id=101339> Thousand Oaks $12.50 M 12/15/20 Cosemi <https://www.socaltech.com/intelligence/?action=showdeal&id=101340> Irvine $8.00 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 ------------------------------ *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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