*socaltech.com <http://socaltech.com> TechNews - Tuesday, June 14, 2022* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
*Sponsored By * Tech vs. Media Podcast (https://link.chtbl.com/aKC6DpJG) 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 * - Invoca Joins Unicorns, Raises $83M <#0082600> - Performio Picks Up $75M <#0082599> - Overair Gets $145M For VTOL Aircraft <#0082597> - The Honest Company's Alba Joins Yahoo Board <#0082602> - Yardi Gets Win In Ireland <#0082598> - Cornerstone OnDemand Acquires SumTotal <#0082595> *Marketplace* - Apply For KPMG's 2nd Annual Global Tech Innovator Competition <#ad793> - Tech vs Media Episode 3: Pioneering Diversity in Asset Management <#ad783> - Become a Socaltech Supporter! <#ad724> - Pacific Western Bank, Venture Banking Group <#ad749> - Accelerating Growth For Early Stage Innovation. <#ad764> *Tuesday, June 14, 2022* *Recurring Revenue Conference - June 23, 2022 <https://bit.ly/3LLZhhG>* Recurring Revenue Conference Scaling SaaS & Subscription Businesses June 23, 2022 Culver City or virtually Join 500+ entrepreneurs, executives, and investors June 23 at the Culver City Hilton. Whether you are a SaaS or subscription business, or if customer retention is critical for your success, this is the premier Southern California event to learn from the tech pioneers. Hear from experts who are successfully growing their industry leading companies, as well as from the investors backing them. Can’t make the in-person event? Join us virtually. Enter the Promo Code below to save 10% on your ticket! Register at https://bit.ly/3LLZhhG Promo Code: SoCalTech10 Enter Promo Code before registration details *Invoca Joins Unicorns, Raises $83M* <https://www.socaltech.com/fullstory/0082600.html> Santa Barbara-based *Invoca <https://www.invoca.com>*, which develops call tracking software, has raised $83M in a new funding, which reportedly values the company at $1.1 billion post-money. The new funding round was led by Silver Lake Waterman, and also included Upfront Ventures, Accel, and H.I.G. Capital. The company provides its software to contact centers. The company has now raised $184M in total. Invoca is led by CEO Gregg Johnson.( More... <https://www.socaltech.com/fullstory/0082600.html>) *Performio Picks Up $75M* <https://www.socaltech.com/fullstory/0082599.html> Irvine-based software developer Performio announced today that it has raised $75M in a new funding, from private equity investor JMI Equity. Performio develops software used to track sales commissions. According to Performio, the new funding will go towards supporting and accelerating its innovation and advancement of its products. As part of the funding JMI Equity adds Paul Barber and Jack Duane to Performio's board of directors. Performio is led by CEO Grayson Morris. (More... <https://www.socaltech.com/fullstory/0082599.html>) *Overair Gets $145M For VTOL Aircraft* <https://www.socaltech.com/fullstory/0082597.html> Santa Ana-based Overair, a startup working on developing all-electric vertical-take-off-and-landing aircraft (VTOL), says it has raised $145M in an investment round. According to the company, the funding came from Hanwha Systems and Hanwha Aerospace. According to Overair, it plans to fly its experimental prototype in the second half of 2023. The investment deal also includes an agreement for Hanwha to provide electric motors and battery packs for Overair's prototypes. (More... <https://www.socaltech.com/fullstory/0082597.html>) *The Honest Company's Alba Joins Yahoo Board* <https://www.socaltech.com/fullstory/0082602.html> Jessica Alba, the actress and co-founder of Los Angeles-based The Honest Company, has been named to the board of newly private Yahoo, which recently went private via a $5 billion acquisition by private equity investor Apollo. Alba joins the board of the company, along with former Los Angeles venture investor Fouad ElNaggar (co-foudner and CEO of Array and Sapho), Aryeh Bourkoff (LionTree), Michael Kives (K5 Global), Cynthia Marshall (Dallas Mavericks, AT&T), and Katie Stanton (Moxxie Ventures). (More... <https://www.socaltech.com/fullstory/0082602.html>) *Yardi Gets Win In Ireland* <https://www.socaltech.com/fullstory/0082598.html> Goleta-based real estate software developer *Yardi <https://www.yardi.com>* said today that it has scored a win in Ireland, with JLL, a "build-to-rent" real estate operator. According to Yardi, JLL has chosen its Yardi Breeze Premiere software to manage its portfolio of residential apartments. Financial impact of the win was not announced.(More... <https://www.socaltech.com/fullstory/0082598.html>) *Cornerstone OnDemand Acquires SumTotal* <https://www.socaltech.com/fullstory/0082595.html> Santa Monica-based human resources and e-learning software developer Cornerstone OnDemand has acquired SumTOtal, a competing provider of learning and human capital management software, according to private equity backer Clearlake Capital. Financial terms of the acquisition were not announced. The companies said the acquisition of SumTotal will provide it access to a larger, more diverse group of customers. Cornerstone is led by CEO Himanshu Palsule. (More... <https://www.socaltech.com/fullstory/0082595.html>) *Apply For KPMG's 2nd Annual Global Tech Innovator Competition <https://www.meridianwest.eu.com/jfe/form/SV_bdbdMpeNgxOQUqa>* KPMG's 2nd Annual Global Tech Innovator Competition Requirements to participate: US based tech or a tech-enabled business that has been actively operating for 5 years or less (in current form) Revenue generating between $1-15M; or have raised at least $500k in equity Available to virtually pitch at a regional and national final event (if selected) Available to pitch at the global final at Web Summit in Lisbon, Portugal in November 2022 (if selected) There is no cost! 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 second annual KPMG Private Enterprise Tech Innovator competition in the U.S. to recognize the fastest‑growing tech innovators across the country. If you know a business that has what it takes to be the next KPMG Private Enterprise Tech Innovator in the U.S.—encourage them to submit an application now. *Tech vs Media Episode 3: Pioneering Diversity in Asset Management <https://www.curtco.com/tvm-03-mellody-hobson>* CurtCo Media Launches its Newest Podcast: Tech vs Media, Hosted by Longtime Tech and Entertainment Veteran, Richard Wolpert (Apple, Disney, RealNetworks, 4x CEO). On Tech vs Media , Richard shares the amazing lessons learned on past, present, and predictions of the future of media and technology, and how these two categories have and will continue to converge or clash. Tech vs Media Episode 3: Pioneering Diversity in Asset Management with Mellody Hobson, the Co-CEO and President of Ariel Capital, Board Director of JP Morgan and Starbucks, and former Chairman of Dreamworks. Mellody shares her perspective on the past, current, and future of the entertainment industry, as well as her perspectives on race, diversity, mental health and gender in America today. Listen here: https://www.curtco.com/tvm-03-mellody-hobson *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. *Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $40 billion in assets and 69 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. For more information, visit http://www.pacwest.com/lending-solutions/venture-lending, or reach out 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 ------------------------------ *Recent Funding <#funding>* 6/14/22 Overair <https://www.socaltech.com/intelligence/?action=showdeal&id=103222> Santa Ana $145.00 M 5/11/22 PrismPop <https://www.socaltech.com/intelligence/?action=showdeal&id=103221> Pasadena $5.00 M 5/09/22 AskGene <https://www.socaltech.com/intelligence/?action=showdeal&id=103220> Camarillo $20.00 M 5/02/22 LinearB <https://www.socaltech.com/intelligence/?action=showdeal&id=103219> Santa Monica $50.00 M 4/15/22 Obsidian Security <https://www.socaltech.com/intelligence/?action=showdeal&id=103217> Newport Beach $90.00 M 4/14/22 Welcome Tech <https://www.socaltech.com/intelligence/?action=showdeal&id=103216> Los Angeles $30.00 M 4/12/22 Studio <https://www.socaltech.com/intelligence/?action=showdeal&id=103214> Los Angeles $50.00 M 3/23/22 Gamefam <https://www.socaltech.com/intelligence/?action=showdeal&id=103212> Los Angeles $25.00 M 3/23/22 Subject <https://www.socaltech.com/intelligence/?action=showdeal&id=103213> Los Angeles $29.40 M 3/10/22 Menlo Microsystems, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103211> Irvine $150.00 M 3/10/22 Slingshot Aerospace <https://www.socaltech.com/intelligence/?action=showdeal&id=103210> El Segundo $25.00 M 2/22/22 Fama Technologies, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103209> Los Angeles $10.00 M 2/17/22 Voila <https://www.socaltech.com/intelligence/?action=showdeal&id=103207> Los Angeles $6.00 M 2/17/22 Spotter, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103208> Beverly Hills $200.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html June 16, San Diego -- *DigiMarCon California 2022 - Digital Marketing, Media and Advertising Conference & Exhibition* "DigiMarCon California 2022 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, reunite with your peers, and build your professional network. DigiMarCon California, the Premier Digital Marketing, Media and Advertising Conference & Exhibition in California, returns June 16th and 17th, 2022 to the luxurious Westin San Diego Gaslamp Quarter Hotel in San Diego, 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. Expand your knowledge on the following topics: Account-Based Marketing, Behavioral & Neuromarketing, Content Marketing, Conversational Marketing, Conversion Rate Optimization, Data Science & Big Data, Email Marketing, Geo-Targeting & Proximity Marketing, Growth Hacking, Inbound & Outbound Marketing, Influencer Marketing, Mobile Marketing, Native & Contextual Advertising, Omnichannel Marketing, Paid Search Marketing, Personalization & Privacy. You’ll also learn the following: Podcast & Webinar Marketing, PR & Cause Marketing, Predictive Analytics & Attribution, Programmatic Advertising, Sales & Marketing Automation, Search Engine Optimization, Shopper Marketing, Marketing & Customer Experience, Social Commerce, Social Media Marketing, UI / UX Design, User-Generated Content, Video Marketing, Viral & Buzz Marketing, Visual & Voice Search, Web Analytics, and much more! Onsite Safety: Your safety is our TOP PRIORITY! Our qualified team is dedicated to ensuring a great experience at our in-person events, and that includes providing a COVID-Safe, clean and hygienic environment for our delegates. 100% Money Back Guarantee: Booking your ticket is RISK-FREE. You can cancel and get a full refund up until 30 days before the event. At DigiMarCon California 2022, you will receive all the elements you need to achieve digital marketing success! Conventional thoughts will be challenged, and new ways of thinking will emerge. 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 California 2022 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/26742 ------------------------------ *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
