*socaltech.com <http://socaltech.com> TechNews - Friday, February 5, 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 * - Green Dot Sets New CTO <#0080891> - Decipher Biosciences Acquired By Veracyte <#0080892> - Magnite Acquires SpotX For $1.17 Billion <#0080888> - HyreCar Raising $25.85M In Public Offering <#0080889> - Cornerstone OnDemand Links Software With Microsoft Viva <#0080890> - Halogen Ventures, Led By Jesse Draper, Raises $21M In Second Fund <#0080887> *Marketplace* - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> - Stradling <#ad608> - Tech Coast Map & Calendar – Put Your Company On The Map! <#ad717> - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - UK Government's Department for International Trade (DIT) <#ad756> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Friday, February 5, 2021* *Sponsor Message: Stubbs Alderton & Markiles Adds IP Attorney Adrian Cyhan <https://stubbsalderton.com/sam-adds-adrian-cyhan-to-ip-and-technology-transactions-practice/>* Stubbs Alderton & Markiles, LLP, Southern California’s leading business law firm, has announced that nationally recognized intellectual property attorney Adrian Cyhan has joined the firm as a partner in its Intellectual Property & Technology Transactions practice. Adrian is a registered patent attorney whose practice is focused on identifying, protecting and leveraging intellectual property assets and providing related counsel and advice. His practice also involves managing intellectual property portfolios and handling intellectual property-related transactions such as joint ventures, acquisitions, and divestitures. In addition, Mr. Cyhan has extensive experience in trademark filing and prosecution and related counseling. He has negotiated hundreds of transactions and prosecuted patents for technologies such as wireless communications, software, clean technology and vehicles, social media, mechanical, electrical, and medical device technologies. Read more about Adryan Cyhan's appointment here: https://stubbsalderton.com/sam-adds-adrian-cyhan-to-ip-and-technology-transactions-practice/ *Green Dot Sets New CTO* <https://www.socaltech.com/fullstory/0080891.html> Pasadena-based Green Dot Corporation, the operator of prepaid Mastercard, online and mobile banking, and other related businesses, has named Gyorgy Tomso as the company's Chief Technology Officer. Tomso was most recently Chief Operations Officer for fintech payments technology provider PayU. Prior to that, he served at Sia Central Europe. He also served at Euronet Worldwide, where he was for 14 years, serving as Chief Information Officer. (More... <https://www.socaltech.com/fullstory/0080891.html>) *Decipher Biosciences Acquired By Veracyte* <https://www.socaltech.com/fullstory/0080892.html> San Diego-based Decipher Biosciences, a precision oncology company developing treatments for urologic cancers, has been acquired by South San Francisco-based Veracyte. Veracyte said it will pay $600M in total consideration to Decipher's shareholders, split between $250M in cash and $350M in stock. As part of the acquisition, Decipher Biosciences' president and CEO has left Veracyte's board of directors, and becomes GM, urologic cancers at Veracyte. (More... <https://www.socaltech.com/fullstory/0080892.html>) *Magnite Acquires SpotX For $1.17 Billion* <https://www.socaltech.com/fullstory/0080888.html> Los angeles-based sell-side advertising platform operator Magnite announced this morning that it has agreed to acquire SpotX, a video advertising platform provider, in a deal worth $1.17 billion in cash and stock. Magnite is acquiring SpotX from RTL Group. Magnite says the combined companies would have a full year, 2020 non-GAAP net revenue of $350 million. (More... <https://www.socaltech.com/fullstory/0080888.html>) *HyreCar Raising $25.85M In Public Offering* <https://www.socaltech.com/fullstory/0080889.html> Los Angeles-based car sharing marketplace HyreCar, which provides access to cars for drivers int he ridesharing, food, and package delivery services business, says it expects to raise $25.85M in a public offering of the company's stock, which priced on Wednesday evening. The publicly traded company, which trades as HYRE on the NASDAQ, said it was offering up 2,200,000 shares of its company at $11.75 per share. The company said it expects the offering to close on or about February 8th. (More... <https://www.socaltech.com/fullstory/0080889.html>) *Cornerstone OnDemand Links Software With Microsoft Viva* <https://www.socaltech.com/fullstory/0080890.html> Santa Monica-based Cornerstone OnDemand, which provides employee development tools and online learning management, says it has integrated with Microsoft's new Viva software. Viva, Microsoft's new "employee experience" software, is aimed at connecting remote workforces with communications, learning, knowledge sharing, and other features. According to Cornerstone OnDemand, both Cornerstone Learning and Saba Cloud will be integrated in the new Microsoft Viva Learning app. (More... <https://www.socaltech.com/fullstory/0080890.html>) *Halogen Ventures, Led By Jesse Draper, Raises $21M In Second Fund* <https://www.socaltech.com/fullstory/0080887.html> Los Angeles-based Halogen Ventures, the venture capital firm led by Jesse Draper, has raised $21M in its second fund, the firm said on Wednesday. According to Halogen Ventures, the fund will continue to invest in women and diversity. Halogen Ventures was founded in 2015, and so far has invested in over 60 female founded companies, and says it now has ten exits out of its portfolio. Names of limited partners in the new fund were not announced. (More... <https://www.socaltech.com/fullstory/0080887.html>) *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 *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law ( href="http://www.sycr.com";>http://www.sycr.com ) For more than 40 years top companies and municipalities have counted on Stradling to have the right team and skills to meet their toughest challenges 24/7, 365 days a year. *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. *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] *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 *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 *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]. ------------------------------ *Recent Funding <#funding>* 2/03/21 LeaseLock <https://www.socaltech.com/intelligence/?action=showdeal&id=101670> Marina Del Rey $52.00 M 1/21/21 Plexium <https://www.socaltech.com/intelligence/?action=showdeal&id=101426> San Diego $35.00 M 1/12/21 Vesica <https://www.socaltech.com/intelligence/?action=showdeal&id=101380> Los Angeles $2.10 M 1/12/21 Genalyte <https://www.socaltech.com/intelligence/?action=showdeal&id=101379> San Diego $50.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html February 9, Los Angeles -- *An Entrepreneur's Guide to IP* An Entrepreneur's Guide to IP. w/ Kevin DeBre and Heather Antoine of Stubbs, Alderton & Markiles, LLP. An overview of copyrights, patents, trademarks and trade secrets, as well as some of the important strategic business topics related to IP. Kevin DeBré, Chair of the Intellectual Property and Technology Transactions practice and Heather Antoine, Chair of the Trademark and Brand Protection practice at Stubbs Alderton & Markiles will give an interactive overview of copyrights, patents, trademarks and trade secrets. In addition, other important key topics will include: What should an entrepreneur consider when choosing a name for their venture? What are Terms of Service and Privacy Policies and why are they important? How should an entrepreneur respond when a potential investor asks if they have any intellectual property? Do you need a lawyer to obtain a trademark or file a patent application? Should you try to patent your idea? Are NDAs (nondisclosure agreements) necessary and what if somebody refuses to sign one? What are some key takeaways about IP entrepreneurs should keep in mind. See http://www.socaltech.com/calendar/eventid/26706 ------------------------------ *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. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
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