*socaltech.com <http://socaltech.com> TechNews - Thursday, May 20, 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 * - Procore Prices IPO, Starts Trading Today <#0081285> - CerraCap Cares Invests In Aquagenuity <#0081289> - Sunbit Snags $130M, Joins Unicorn Club <#0081286> - Docupace Acquires Jaccomo <#0081288> - BioTheryX Gets $92M <#0081287> - Sole Source's Peak-Ryzex Acquires Bar Code Direct <#0081284> *Marketplace* - Network Thinking Solutions - DevOps and Managed Services <#ad774> - UK Government's Department for International Trade (DIT) <#ad756> - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Tech Coast Map & Calendar – Put Your Company On The Map! <#ad717> - Stradling <#ad608> *Thursday, May 20, 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 *Procore Prices IPO, Starts Trading Today* <https://www.socaltech.com/fullstory/0081285.html> Carpinteria-based construction management software developer Procore Technologies priced its IPO last night, saying it will sell 9,470,000 shares of its common stock at a price of $67.00 per share. The company starts trading this morning on the New York Stock Exchange under the symbol PCOR. The IPO priced above the company's initial estimated IPO range, which was $60.00 to $65.00 per share, indicating strong investor interest in the offering. The IPO was underwritten by Goldman Sachs & Co., J.P. (More... <https://www.socaltech.com/fullstory/0081285.html>) *CerraCap Cares Invests In Aquagenuity* <https://www.socaltech.com/fullstory/0081289.html> Costa Mesa-based impact-focused venture capital investor CerraCap Cares announced this morning that it has made an investment in Aquagenuity, a startup that provides real time information about water quality. Size of the investment was not announced. CerraCap Cares, which says it is a women-led impact fund, said Aquagenity offers up an accessible database and a water scoring tool which provides details on how much lead is in drinking water. (More... <https://www.socaltech.com/fullstory/0081289.html>) *Sunbit Snags $130M, Joins Unicorn Club* <https://www.socaltech.com/fullstory/0081286.html> Los Angeles-based Sunbit, a developer of technology that offers up financing at the point of purchase for auto dealership service centers, optical practices, dentist offices and specialty healthcare services, says it has raised $130M in a Series D funding round. The company says the new funding gives it a $1.1 billion valuation. The funding was led by Group 11, and also included Zeev Ventures, plus new investors Migdal Insurance, Harel Group, AltaIR Capital, and More Investment House. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=49808>)(More... <https://www.socaltech.com/fullstory/0081286.html>) *Docupace Acquires Jaccomo* <https://www.socaltech.com/fullstory/0081288.html> Los Angeles-based cloud-based operations and document management software developer Docupace, which serves the wealth management industry, says it has acquired jaccomo, which develops a compliance, data integration, financial reporting, and advisor compensation accounting system. Financial details of the acquisition were not announced. Docupace said it will use the acquisition to expand its back office platform. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=41779>)(More... <https://www.socaltech.com/fullstory/0081288.html>) *BioTheryX Gets $92M* <https://www.socaltech.com/fullstory/0081287.html> San Diego-based BioTheryX, which is developing protein degradation technology for use in creating cancer medicines, has raised $92M in a Series E funding round, according to the company. The funding was led by Farallon Capital Management, and also included new investors Avidity Partners, Deep Track Capital, Janus Henderson Investors, Lumira Ventures, Point72, Rock Springs Capital, Surveyor Capital, Tekla Capital Management, Alexandria Venture Investors, along with existing investors. (More... <https://www.socaltech.com/fullstory/0081287.html>) *Sole Source's Peak-Ryzex Acquires Bar Code Direct* <https://www.socaltech.com/fullstory/0081284.html> Santa Monica-based private equity investor Sole Source Capital said this week that one of its portfolio companies, Peak-Ryzex, has acquired Bar Code Direct, a value added reseller based in North Grafton, Massachusetts. Financial details of the transaction were not announced. Sole Source said the acquisition is the third, add-on acquisition it has made since acquiring Peak-Ryzex. Peak-Ryzex also acquired two other companies, Optical Phusion Inc. (OPI) and Inovity Inc., this year. (More... <https://www.socaltech.com/fullstory/0081284.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 implement, manage and monitor CI/CD, Load Balancing, Docker and Auto Scaling technologies. NTS also provides Desktop Managed Services for your business team which includes antivirus, threat protection, ransomware detection, and inventory management. Please reach us at [email protected] to start a conversation. *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 *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]. *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. *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>* 5/20/21 Sunbit, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=102761> Los Angeles $130.00 M 5/19/21 National Resilience, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=102760> La Jolla $164.00 M 5/12/21 Qsic <https://www.socaltech.com/intelligence/?action=showdeal&id=102719> Aliso Viejo $3.10 M 5/06/21 EngineEars <https://www.socaltech.com/intelligence/?action=showdeal&id=102718> Los Angeles $1.00 M 5/04/21 Kajabi <https://www.socaltech.com/intelligence/?action=showdeal&id=102664> Irvine $550.00 M 4/27/21 Guesty <https://www.socaltech.com/intelligence/?action=showdeal&id=102663> Walnut $50.00 M 4/21/21 Welcome Tech <https://www.socaltech.com/intelligence/?action=showdeal&id=102623> Los Angeles $35.00 M 4/13/21 Tagger Media <https://www.socaltech.com/intelligence/?action=showdeal&id=102521> Los Angeles $8.50 M 4/07/21 MarketSpark <https://www.socaltech.com/intelligence/?action=showdeal&id=102516> San Diego $7.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html May 25, Los Angeles -- *LA BEST - LA Bioscience Ecosystem Summit 2021* *NEW* . See http://www.socaltech.com/calendar/eventid/26715 May 26, Los Angeles -- *LA BEST - LA Bioscience Ecosystem Summit 2021* *NEW* . See http://www.socaltech.com/calendar/eventid/26716 May 27, Los Angeles -- *LA BEST - LA Bioscience Ecosystem Summit 2021* *NEW* . See http://www.socaltech.com/calendar/eventid/26717 June 16, Los Angeles -- *DigiMarCon West 2021 - Digital Marketing, Media and Advertising Conference & Exhibition* DigiMarCon West 2021 - Digital Marketing, Media and Advertising Conference & Exhibition. DigiMarCon West 2021 is your chance to ... – Experience a safe and intimate gathering with marketing leaders and professionals in a clean and hygienic environment. – Hear from some of the most audacious and thought provoking speakers in the digital marketing, media and advertising industry. – Gain insight into emerging strategies, the latest innovative technologies, and best practices to move your business to the next level. – Network with thought leaders, collaborate with your peers and build your professional network. The 7th annual DigiMarCon West, the Premier Digital Marketing, Media and Advertising Conference & Exhibition in the Western United States returns June 16th to 17th, 2021 at the luxurious Loews Santa Monica Beach Hotel in Los Angeles, California. Join your peers in-person or online for 2-days jam packed with digital marketing best practices, latest trends, practical solutions, strategy and networking, also check out the next generation of technology & innovation; Internet, Mobile, AdTech, MarTech & SaaS Technology. Immerse yourself in topics like digital strategy, programmatic advertising, web experience management, usability / design, mobile marketing & retargeting, customer engagement, user acquisition, social media marketing, targeting & optimization, video marketing, data science & big data, web analytics & A/B testing, email marketing, content marketing, conversion rate optimization, search engine optimization, paid search marketing, geo-targeting, predictive analysis & attribution, growth hacking, conversion rate optimization, growth marketing tools, marketing & sales automation, sustainable growth strategies, product marketing & UX / UI and much, much more! At DigiMarCon West 2021, you will receive all the elements you need to achieve digital marketing success! Conventional thought will be challenged, new ways of thinking will emerge, and you will leave with your head, notebooks and professional toolkit full of action items and ideas to lead and supercharge your agency / team / account to even greater success. Be a part of DigiMarCon West 2021 and discover how to thrive and succeed as a marketer in a rapidly evolving digital world. Top keynotes, case studies, strategy sessions, networking and more in a safe and hygienic environment!. See http://www.socaltech.com/calendar/eventid/26691 ------------------------------ *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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