*socaltech.com <http://socaltech.com> TechNews - Thursday, June 17, 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 * - Hydrosat Scores $5M <#0081395> - Clearlake Capital Buys Confluence Technologies <#0081394> - Viasat Wins Install Deal With Flexjet <#0081393> - Tyvak Satellite Starts Delivering Images <#0081392> - Lead Edge Capital Raises $150M Fund <#0081391> - Core Innovation Capital Backs Real Estate Startup Arrived <#0081390> - SureCo Buys Tembi Health <#0081388> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> - Network Thinking Solutions - DevOps and Managed Services <#ad774> *Thursday, June 17, 2021* *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/ *Hydrosat Scores $5M* <https://www.socaltech.com/fullstory/0081395.html> Hydrosat, a space startup which got its start out of the Techstars Starburst Space Accelerator in Los Angeles, has raised $5M in a funding round, the company disclosed this morning. The funding was led by Cultivation Capital's Geospatial Technologies Fund, and also included Freeflow Ventures, the Yield Lab, Expon Capital, Techstars, Industrious Ventures, Synovia Capital, and the University of Michigan. (More... <https://www.socaltech.com/fullstory/0081395.html>) *Clearlake Capital Buys Confluence Technologies* <https://www.socaltech.com/fullstory/0081394.html> Santa Monica-based private equity investor Clearlake Capital said this morning that it is acquiring Confluence Technologies, a developer of software which is used by the investment industry to automate business processes at asset managers and service providers. Financial details of the acquisition were not announced. Confluence Technologies was owned by another private equity investor, TA Associates. (More... <https://www.socaltech.com/fullstory/0081394.html>) *Viasat Wins Install Deal With Flexjet* <https://www.socaltech.com/fullstory/0081393.html> Carlsbad-based satellite communications systems and services provider Viasat has scored a win with fractional private jet travel provider Flexjet. according to the two, Viasat will install its in-flight connectivity systems on Flexjet's Bombardier Global, Gulfstream G450, G650 Fleets and Embraer Praetor 600 Aircraft. Finncial details of the partnership were not announced. (More... <https://www.socaltech.com/fullstory/0081393.html>) *Tyvak Satellite Starts Delivering Images* <https://www.socaltech.com/fullstory/0081392.html> Irvine-based satellite developer Tyvak said this morning tht its Tyvak-0130 satellite has been successfully been delivering thousands of images taken from orbit. According to the company, the satellite--launched as a rideshare on May 15th on a SpaceX Starlink mission--the company has completed in-orbit system checkout and commissioning of its Tyvak-0130 satellite, and has transmitted over 4,000 pictures back to earth. (More... <https://www.socaltech.com/fullstory/0081392.html>) *Lead Edge Capital Raises $150M Fund* <https://www.socaltech.com/fullstory/0081391.html> Santa Barbara- and New York-based Lead Edge Capital, a private equity investor which focuses on growth stage investments in technology companies, said on Wednesday that it has raised $150M in a new fund. According to the company, the new fund will be used for public equity investments. Lead Edge Capital said the new fund brings the company's total capital under management to over $3 billion. Lead Edge Capital said the new fund came from both new and existing limited partners. (More... <https://www.socaltech.com/fullstory/0081391.html>) *Core Innovation Capital Backs Real Estate Startup Arrived* <https://www.socaltech.com/fullstory/0081390.html> Los Angeles-based venture capital investor Core Innovation Capital, which focuses on fintech investments, is the lead investor in a new, real estate startup, Arrived. Arrived said Wednesday that it has raised $10M in equity and $27M in debt, with the equity led by Core Innovation Capital, and also included Good Friends, PSL Ventures, Neo, angel investor Hadi Partovi, and angel Fred Tuomi. Core Innovation Capital is led by Arjan Schütte, and specializes in financial technology deals. (More... <https://www.socaltech.com/fullstory/0081390.html>) *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>) *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 *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 *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]. *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. *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. ------------------------------ *Recent Funding <#funding>* 6/16/21 RayzeBio, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=102909> San Diego $108.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html 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* Viterbi Startup Garage: Oceanside Chat: Cleantech 2.0: What Every Entrepreneur Needs To Know. Who: Aaron Fyke (Founder & Managing Partner of Thin Line Capital). What: Energy/Sustainability, Greentech, Cleantech, Climatetech - these are all names attempting to group together the multi-trillion dollar opportunities that deal with our energy system, our built infrastructure, and our global economy, as it moves to a low-carbon and more sustainable future. The opportunities in this industry are bigger than any other industry, but the challenges of getting new technologies to market have been many. Join Aaron Fyke, Founder and Managing Partner of Thin Line Capital, and 6x serial entrepreneur, as he discusses what about this industry is attractive, and what every entrepreneur in this space needs to focus on to be able to gain customers, attract investment, and ultimately succeed. 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
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