*socaltech.com <http://socaltech.com> TechNews - Wednesday, June 16, 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 * - SureCo Buys Tembi Health <#0081388> - Cloudbreak Health Merges With UpHealth, Now On NYSE <#0081387> - RayzeBio Snags $108M for Cancer Drug Efforts <#0081386> - Romeo Power Sets CFO, Accounting Chiefs <#0081389> - MomentFeed Acquired By Uberall <#0081385> - Heliogen Gets $108M For Concentrated Solar <#0081384> - ClickUp Expanding In San Diego <#0081383> - IKEA, Sonos Roll Out New Wi-Fi Speaker That Doubles As Wall Art <#0081382> - Formative Finds $70M In Series A <#0081381> *Marketplace* - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - KPMG: Apply to be recognized as a top tech innovator in the U.S. <#ad775> - Network Thinking Solutions - DevOps and Managed Services <#ad774> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Become a Socaltech Supporter! <#ad724> - UK Government's Department for International Trade (DIT) <#ad756> *Wednesday, June 16, 2021* *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]. *SureCo Buys Tembi Health* <https://www.socaltech.com/fullstory/0081388.html> Santa Ana-based *SureCo <http://www.sureco.com>*, a provider of healthcare programs, said this morning that it has acquired *Tembi Telehealth*, a provider of a telemedicine network and platform. Financial details of the acquisition were not announced. Steven Richardson, the CEO of Tembi, joins SureCo as Chief Population Health Officer. Matthew Kim is CEO of SureCo. Tembi Health provides telemedcine services for physicians.(More... <https://www.socaltech.com/fullstory/0081388.html>) *Cloudbreak Health Merges With UpHealth, Now On NYSE* <https://www.socaltech.com/fullstory/0081387.html> Los Angeles-based telehealth provider Cloudbreak Health has merged with Uphealth, Inc. and UpHealth Holdings, Inc., and is now trading on the NYSE as UPH, the company announced this morning. Financial details of the merger were not announced. According to the companies, Cloudbreak will now be known as Cloudbreak Health, an UpHealth company. Cloudbreak Health was backed by Kayne Partners. (More... <https://www.socaltech.com/fullstory/0081387.html>) *RayzeBio Snags $108M for Cancer Drug Efforts* <https://www.socaltech.com/fullstory/0081386.html> San Diego-based RayzeBio, a pharmaceuticals company which says it is developing targeted radiopharmaceutical drugs for cancer, has raised $108M in its Series C funding. The company said it has now raised a total of $258M. (More... <https://www.socaltech.com/fullstory/0081386.html>) *Romeo Power Sets CFO, Accounting Chiefs* <https://www.socaltech.com/fullstory/0081389.html> Los Angeles-based electric powertrain developer Romeo Power announced this moring that it has named two new executives. The company said it has named Kerry A. Shiba as Chief Financial Officer, and appointed Yun Han as Chief Accounting Officer. Current CFO Lauren Webb is shift ing to become Chief Strategy and Commercial Officer. Shiba was previously CFO at Wesco Aircraft Holdings, and also served at similar roles at Superior Industries International, Inc. (NYSE: SUP), Remy International, Inc. (More... <https://www.socaltech.com/fullstory/0081389.html>) *MomentFeed Acquired By Uberall* <https://www.socaltech.com/fullstory/0081385.html> Los Angeles-based MomentFeed, which develops location-based services and location marketing software for bricks and mortar retailers to better manage information on their locations, hours, and other information, has been acquired by Uberall, a Berlin-based provider of marketing software. Financial details of the acquisition of MomentFeed were not announced. According to Uberall, the acquisition was made as part of a $115M investment from Bregal Milestone, Level Equity, and United Internet. ( More... <https://www.socaltech.com/fullstory/0081385.html>) *Heliogen Gets $108M For Concentrated Solar* <https://www.socaltech.com/fullstory/0081384.html> Pasadena-based Heliogen, which is deeloping concentrated solar power technology, has raised $108M in two funding rounds, the company said on Tuesday. The company--which already has backing from Bill Gates--said the funding was led by steel producer ArcelorMittal, and also included Edison International, Prime Movers Lab, Ocgrow Ventures, A.T. Gekko, ESG Venture Capital, 8090 Partners, Gordon Crawford, and Rashaun Williams. (More... <https://www.socaltech.com/fullstory/0081384.html>) *ClickUp Expanding In San Diego* <https://www.socaltech.com/fullstory/0081383.html> San Diego-based productivity software developer ClickUp said this week that it is expanding in San Diego. According to the company, it is expanding in DivcoWest's DiamondView Tower. The company said the expansion comes after it doubled its workforce last year and plans to double headcount again over the next year. The company says it will take two full floors in the tower, and also will gain signage over Petco Park. (More... <https://www.socaltech.com/fullstory/0081383.html>) *IKEA, Sonos Roll Out New Wi-Fi Speaker That Doubles As Wall Art* <https://www.socaltech.com/fullstory/0081382.html> IKEA and Goleta-based Sonos have rolled out a new, Wi-Fi speaker collaboration, which turns a Sonos speaker into a piece of wall art. The new SYMFONISK picture frame isa vailable in black or white along with interchangeable fronts from IKEA that offer a variety of artwork options. Consumers are not able to put their own art on the speaker at the moment. ( More... <https://www.socaltech.com/fullstory/0081382.html>) *Formative Finds $70M In Series A* <https://www.socaltech.com/fullstory/0081381.html> Santa Monica-based Formative, a developer of software used by K-12 teachers to assign and track homework assignments, has raised $70M in a Series A funding, the company said today. The funding was led by Summit Partners, and also included Emerson Collective, Fika Ventures, Mac Ventures and Rethink Education. The new funding round brings the company's funding up to around $77M. Formative's founders are Craig Jones (CEO) and kevin McFarland (COO). (More... <https://www.socaltech.com/fullstory/0081381.html>) *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 *KPMG: Apply to be recognized as a top tech innovator in the U.S. <https://marketing.kpmg.co.uk/gti-application-US/form/>* We recognize that innovative technology companies in the U.S.are introducing tech breakthroughs that are transforming businesses and disrupting entire industries. It’s why we’re so excited to be introducing the first ever KPMG Private Enterprise Tech Innovator competition in the U.S. to recognize the fastest-growing tech innovators across the country. We want to hear about businesses who are changing the technology landscape and shaking up the industry. We want to know about their ambitious growth plans and their vision for the future. Whether it’s a pure technology company – or tech-enabled, tech-led or tech-driven – we want to know about them! Applicants will receive opportunity to expand their network of peers and build new business connections through KPMG’s extensive global organization of business professionals. Become known on the world stage if they win the U.S. competition and progress to the Global Tech Innovator final hosted at the Lisbon Web Summit 2021 in November. There, the winner from the U.S. will compete with the winners from 15 other countries in most major regions of the world to be chosen as the Global Tech Innovator 2021 winner. If you know a business that has what it takes to be the first KPMG Private Enterprise Tech Innovator in the U.S. – encourage them to submit an application now. https://marketing.kpmg.co.uk/gti-application-US/form/ *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. *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 *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. *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 ------------------------------ *Recent Funding <#funding>* 6/14/21 EcoATM <https://www.socaltech.com/intelligence/?action=showdeal&id=102908> San Diego $75.00 M 6/10/21 Mythical Games <https://www.socaltech.com/intelligence/?action=showdeal&id=102893> Sherman Oaks $75.00 M 6/01/21 Impervious.ai <https://www.socaltech.com/intelligence/?action=showdeal&id=102827> Los Angeles $0.00 M 6/01/21 Red 6 <https://www.socaltech.com/intelligence/?action=showdeal&id=102828> Santa Monica $30.00 M 5/27/21 iLife <https://www.socaltech.com/intelligence/?action=showdeal&id=102845> Irvine $4.00 M 5/25/21 Docbot <https://www.socaltech.com/intelligence/?action=showdeal&id=102764> Irvine $4.00 M 5/24/21 ProducePay <https://www.socaltech.com/intelligence/?action=showdeal&id=102762> Los Angeles $43.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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 June 16, Los Angeles -- *Viterbi Startup Garage: Oceanside Chat: Thriving in Midst of Startup Uncertainty. Christopher Yang* Viterbi Startup Garage: Oceanside Chat: Thriving in Midst of Startup Uncertainty. Christopher Yang (Active Member of Tech Coast Angels). What: Finding the right product-market fit is central to any start-up’s efforts to gain traction early on and ultimately create a sustainable business. Instead of basing the strategy purely on intuition or a leap of faith, a disciplined innovation process is necessary to thrive in environments of extreme uncertainty. Start-up risk can be reduced considerably through rigorous customer learning and validation, continuous optimization, and small-batch delivery. In a 60-minute fireside chat, Christopher Yang, vice president of engineering at Corporate Travel Management (ASX: CTD), will share his experience in leading product development at start-ups and multi-billion-dollar companies. Chris will offer advice on how to design experiments, validate strategic hypotheses and determine when to pivot and when to persevere. He will also share his insight concerning how to construct a capital-efficient company that delivers ambitious products with customer value and will gladly pay for. See http://www.socaltech.com/calendar/eventid/26720 June 17, Long Beach -- *Long Beach Economic Partnership Quarterly Forum* Long Beach Economic Partnership Quarterly Forum. Join the Long Beach Economic Partnership for Accelerate Long Beach, our quarterly economic forum, where we’re exploring the history, present and future of Long Beach’s aerospace, satellite and technology industries. We’ll hear from the Cal State University, Long Beach Office of Economic Research about Long Beach’s economic picture, and how the long history of aerospace innovation in the region means the road to Mars goes through the LBC. We’ll also hear from space and technology business leaders on how starting their business in Long Beach or relocating to the area set their company up for success in this increasingly competitive field. See http://www.socaltech.com/calendar/eventid/26718 June 23, Los Angeles -- *Viterbi Startup Garage: Oceanside Chat: CleantViterbi Startup Garage: Oceanside Chat: Cleantech 2.0ech 2.0* *NEW* . See http://www.socaltech.com/calendar/eventid/26721 ------------------------------ *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
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
