*socaltech.com <http://socaltech.com> TechNews - Tuesday, February 23, 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 * - DDN Reports $400M In Revenues In 2020 <#0080955> - Future Acres Targets Agricultural Robotics, Seeks $3M <#0080953> - Zefr Names New Board Member <#0080954> - HONK Signs New Partnership With Driver Technologies <#0080956> - AeroVironment Completes $405M Arcturus UAV Acquisition <#0080957> - Xos Plans $2 Billion SPAC For Electric Trucks <#0080951> *Marketplace* - Support Our News Coverage - Become A Member Today! <#ad680> - Pacific Western Bank, Venture Banking Group <#ad749> - Become a Socaltech Supporter! <#ad724> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - UK Government's Department for International Trade (DIT) <#ad756> - Accelerating Growth For Early Stage Innovation. <#ad764> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Tuesday, February 23, 2021* *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. *DDN Reports $400M In Revenues In 2020* <https://www.socaltech.com/fullstory/0080955.html> Chatsworth-based DDN, which develops high performance computing storage and artificial intelligence and data management software, says it had record breaking annual revenues of $400M and "highest ever profitability" in 2020. The company said it saw 52 percent revenue growth from 2018 to 2020. The company specifically said the boost in revenues came as a result of science and research facilities deploying its products as part of the effort to eradicate COVID-19. (More... <https://www.socaltech.com/fullstory/0080955.html>) *Future Acres Targets Agricultural Robotics, Seeks $3M* <https://www.socaltech.com/fullstory/0080953.html> A new, Santa Monica-based startup, Future Acres, is announcing this morning that it is targeting the agriculture industry with a new robot. The startup--which is crowdfunding its efforts--claims it is developing an agricultural robot which will "optimize workforce efficiency and safety". The company is backed by Wavemaker Partners, and is led by CEO Suma Reddy. Future Acres said it is seeking to raise up to $3M in seed capital via equity crowdfunding site SeedInvest. (More... <https://www.socaltech.com/fullstory/0080953.html>) *Zefr Names New Board Member* <https://www.socaltech.com/fullstory/0080954.html> Los Angeles-based Zefr, which helps marketers measure brand impact and advertising on such platforms as YouTube and Facebook, said this week that it has named a current Bed, Bath, and Beyond exec to its board of directors. The company said that Kristi Argyilan, current SVP of Brand Innovation at Bed, Bath and Beyond and former Target executive, will join its board of directors. (More... <https://www.socaltech.com/fullstory/0080954.html>) *HONK Signs New Partnership With Driver Technologies* <https://www.socaltech.com/fullstory/0080956.html> L (More... <https://www.socaltech.com/fullstory/0080956.html>) *AeroVironment Completes $405M Arcturus UAV Acquisition* <https://www.socaltech.com/fullstory/0080957.html> Simi Valley-based Aerovironment said yesterday that it has completed the $405M acquisition of Arcturus UAV, a designer and manufacturer of high performance, unmanned aircraft systems (UAS). The deal had originally been announced on January 13th. (More... <https://www.socaltech.com/fullstory/0080957.html>) *Xos Plans $2 Billion SPAC For Electric Trucks* <https://www.socaltech.com/fullstory/0080951.html> Los Angeles-based Xos, a relatively unknown, new electric truck startup, has agreed to go public at a $2 billion valuation, via a SPAC offering, according to reports. The company--which had just raised $20M--will be acquired in a reverse merger with NextGen Acquisition Corp. The deal will raise $220M in funding, with investors reportedly including Janus Henderson Group Plc and a group of truck dealers led by Thompson Truck Centers. ( More... <https://www.socaltech.com/fullstory/0080951.html>) *Support Our News Coverage - Become A Member Today! <https://www.socaltech.com/Membership>* We often get asked--how do we pay for our news coverage and our publishing efforts? That's simple -- it's a combination of our sponsors and YOU. How can YOU make sure you continue to get news on Southern California's technology industry? By becoming a member of socaltech! Not only do you get to support our news coverage, but you also get access to our big database of Southern California companies, venture investors, service providers, and deal information, and many other resources. We are relying on YOU! Join today at http://www.socaltech.com/Membership *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. *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 *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]. ------------------------------ *Recent Funding <#funding>* 2/18/21 talkshoplive <https://www.socaltech.com/intelligence/?action=showdeal&id=101941> Los Angeles $3.00 M 2/12/21 Pipeline Therapeutics <https://www.socaltech.com/intelligence/?action=showdeal&id=101930> San Diego $80.00 M 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 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 Cosemi <https://www.socaltech.com/intelligence/?action=showdeal&id=101340> Irvine $8.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html February 24, Los Angeles -- *Developing a Sales Strategy That Builds Traction* Preccelerator® U Presents: Developing a Sales Strategy That Builds Traction. Carrie Lauby shares methods to drive sales revenue to help individuals and teams understand and overcome what's getting in the way. How you approach the sales process predicts the end result of either a close or constant follow up. In this workshop, we’ll look at sales strategy and the top things you can do to set up the relationship for success. If you’re concerned about not closing deals, frustrated from constantly chasing or unsure where to spend your time and effort, this is the workshop for you. See http://www.socaltech.com/calendar/eventid/26709 March 9, Pasadena -- *Fundraising Essentials: Pitching Angel Groups* Preccelerator® U Presents: Fundraising Essentials: Pitching Angel Groups. Join us for this Preccelerator Program event with Mimi Carter of the Pasadena Angels as she shares insights on pitch deck preparation, metrics and approach that will assist in preparing you to pitch to Angel investor syndicate groups. Mimi Carter is an entrepreneur and investor in early-stage companies. She is a partner at Carterus Strategies and director of the Pasadena Angels, named one of the top 10 angel investing groups in the US by Forbes Magazine. Mimi serves on the advisory board for Mayor Eric Garcetti’s WiSTEM program, an initiative to lead the nation in developing and sustaining a robust pipeline of women in STEM. She is a strategic advisor for Women Founder’s Foundation, an organization providing access to capital, visibility, and mentorship for female founders. See http://www.socaltech.com/calendar/eventid/26708 ------------------------------ *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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