*socaltech.com <http://socaltech.com> TechNews - Wednesday, March 31, 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 * - K2 Insurance Services Buys Software Company Loss Run Pro <#0081098> - Amgen Acquires Rodeo Therapeutics <#0081096> - Ascent Funding Targets Coding Bootcamps With Skills Fund Acquisition <#0081097> - Erasca Adds Two To Board <#0081099> - Citadel Defense Lands New DoD Contract, Worth $5M <#0081095> - HyperloopTT Unveils Designs For Commercial Hyperloop <#0081094> *Marketplace* - Network Thinking Solutions - DevOps and Managed Services <#ad774> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - Accelerating Growth For Early Stage Innovation. <#ad764> - Stradling <#ad608> *Wednesday, March 31, 2021* *Get Counted in the Inclusion Impact Indexes Project <https://bit.ly/2NUvJ8P>* We’re excited about teaming up with Socos Labs and StartOut and extending an invitation to our U.S. founders to get counted in the Inclusion Impact Indexes survey. Entrepreneurs help create many jobs and make an enormous contribution and the study looks at entrepreneurs' economic impact in terms of job creation, patents, financings, and exits. Data from this important Diversity & Inclusion survey provides important insights on contributions and unrealized potential. Please join us and get counted TODAY by taking this confidential 2-4 minute survey: http://bit.ly/2NUvJ8P *K2 Insurance Services Buys Software Company Loss Run Pro* <https://www.socaltech.com/fullstory/0081098.html> San Diego-based K2 Insurance Services, which owns a number of insurance services companies, said it has acquired software developer Loss Run Pro. Loss Run Pro develops subscription-based software that helps request, track, and manage loss runs. Financial details of the acquisition were not announced. Loss Run Pro is based in Missoula, Montana, and was only founded in early 2020. Loss Run Pro apparently was part of a startup accelerator call the BrokerTech Ventures' (BTV) 2020 Accelerator. (More... <https://www.socaltech.com/fullstory/0081098.html>) *Amgen Acquires Rodeo Therapeutics* <https://www.socaltech.com/fullstory/0081096.html> Thousand Oaks-based Amgen and Rodeo Therapeutics Corporation announced late Tuesday that Amgen has agreed to acquire Rodeo, a Seattle-based biopharmaceuticals company which is developing small molecule therapies to promote regeneration and repair of multiple tissues. According to the two, Amgen will pay $55M upfront, plus up to an additional $666M in cash in contingent milestone payments. Amgen said that Radio's program is a "strong strategic fit" with its inflammation portfolio. (More... <https://www.socaltech.com/fullstory/0081096.html>) *Ascent Funding Targets Coding Bootcamps With Skills Fund Acquisition* <https://www.socaltech.com/fullstory/0081097.html> San Diego-based Ascent Funding, a provider of student loans, says it is targeting the coding bootcamp market, with a new set of loans for those programs. The company said it is aiming to provde those loans to underserved students to give them access to higher education. Coding bootcamps--which offer short term training on technical skills, such as software development--have become popular in recent years to gain practical experience in technical fields. (More... <https://www.socaltech.com/fullstory/0081097.html>) *Erasca Adds Two To Board* <https://www.socaltech.com/fullstory/0081099.html> San Diego-based Erasca, which is working on treatments for cancer--backed by more than $320 million in financing from ARCH Venture Partners, City Hill Ventures and Cormorant Asset Management, along with others--said it has added two members to its board of directors. The company said it added Bihua Chen and Julie Hambleton, M.D., to board. Ms. Chen is a portfolio manager at Cormorant Asset Management, and Dr. (More... <https://www.socaltech.com/fullstory/0081099.html>) *Citadel Defense Lands New DoD Contract, Worth $5M* <https://www.socaltech.com/fullstory/0081095.html> San Diego-based drone security systems developer Citadel Defense reported on Tuesday that it has snagged a new contract, from the U.S. Department of Defense, worth $5M. According to the company, it received the new contract award as an urgent, follow-on award to protect servicemen and servicewomen from small drone threats. Other details on the contract were not announced. (More... <https://www.socaltech.com/fullstory/0081095.html>) *HyperloopTT Unveils Designs For Commercial Hyperloop* <https://www.socaltech.com/fullstory/0081094.html> Los Angeles-based "hyperloop" transportation systems company HyperloopTT said on Tuesday that it has unveiled completed designs for a fully functioning commercial hyperloop system, which it developed with engineering company Dar Al-Handasah. The company claimed that the design goes "beyond any rendering or concepts" which have been shown by other hyperloop companies. (More... <https://www.socaltech.com/fullstory/0081094.html>) *Network Thinking Solutions - DevOps and Managed Services <http://www.networkthinking.com>* Network Thinking Solutions provides DevOps and Managed Services for Los Angeles, Ventura and Santa Barbara counties. NTS helps development teams for CI/CD, Load Balancing, Docker and Auto Scaling technologies. NTS implements these technologies and also monitors and maintains, on an as needed basis. Desktop Managed Services are a key to our tools for your business team which includes antivirus, threat protection, ransomware detection, and inventory management. Please reach us at [email protected] to start a conversation. *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 *Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $29 billion in assets and 70 full-service branches primarily located in California, with one in Durham, NC and another in Denver, CO. Our Venture Banking Group offers a comprehensive suite of financial services focused on entrepreneurial and venture-backed businesses and their 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 Britt Nelson 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 *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. ------------------------------ *Recent Funding <#funding>* 3/16/21 Flowspace <https://www.socaltech.com/intelligence/?action=showdeal&id=102312> Los Angeles $31.00 M 3/16/21 Pledge <https://www.socaltech.com/intelligence/?action=showdeal&id=102379> Venice $3.00 M 3/11/21 Cheese <https://www.socaltech.com/intelligence/?action=showdeal&id=102234> Pasadena $3.60 M 3/08/21 TheoryCraft Games <https://www.socaltech.com/intelligence/?action=showdeal&id=102123> Los Angeles $37.50 M 3/04/21 Whatnot <https://www.socaltech.com/intelligence/?action=showdeal&id=102122> Los Angeles $20.00 M 2/24/21 Emotive <https://www.socaltech.com/intelligence/?action=showdeal&id=102079> Los Angeles $50.00 M 2/24/21 BeSmartee <https://www.socaltech.com/intelligence/?action=showdeal&id=102080> Huntington Beach $0.00 M 2/23/21 SpaceX <https://www.socaltech.com/intelligence/?action=showdeal&id=102053> Hawthorne $850.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html March 31, Los Angeles -- *Pepperdine University Most Fundable Companies Competition* Pepperdine University Most Fundable Companies® competition. Winners earn a spot on the annual Most Fundable Companies List, with national publicity and recognition. The free program informs US startups with less than $10 million in revenue about investor diligence. See http://www.socaltech.com/calendar/eventid/26711 April 2, Los Angeles -- *USC Viterbi Startup Garage Deadline* *NEW* . See http://www.socaltech.com/calendar/eventid/26713 April 13, Santa Monica -- *Preccelerator U: Startup Guide to Financial Modeling w/ Mark Wald* Preccelerato® U: Startup Guide to Financial Modeling w/ Mark Wald. Raising money? Investors want to maximize their return and minimize their risk, so you need to demonstrate to investors that you understand business and your business model, that you know how to make money, and that you can be trusted. Learn how to build and understand your financial model so you can demonstrate credibility by presenting it to investors and win their confidence in you. Featuring: Mark Wald, Managing Director, Supporting Strategies - Santa Monica. See http://www.socaltech.com/calendar/eventid/26710 ------------------------------ *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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