*socaltech.com <http://socaltech.com> TechNews - Thursday, May 24, 2018* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
*Sponsored By * TVC Capital LLC (www.tvccapital.com) Investments and acquisitions of growing software companies. Silicon Valley Bank (http://www.svb.com). Make next happen now. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud Singer Lewak (http://www.singerlewak.com) Accounting and Consulting for Growing and Innovative Businesses ------------------------------ *Headlines * - UCLA's Magnify Opens Accelerator To LA Tech, Life Sciences Startups <#m_-5784703931980401532_0074903> - PeerStreet Tops One Billion In Real Estate Loans <#m_-5784703931980401532_0074904> - AutoGravity Names Engineering VP <#m_-5784703931980401532_0074905> - TruStory Gets $3M To Vet Crypto Market <#m_-5784703931980401532_0074901> - Tinder Uses Location For New Places Feature <#m_-5784703931980401532_0074900> - Snap Launches Media Startup Accelerator <#m_-5784703931980401532_0074899> - Uber Retreats From Arizona In Self Driving Car Efforts <#m_-5784703931980401532_0074898> - Sonnen Raises $70M From Shell For Energy Storage Efforts, Expansion <#m_-5784703931980401532_0074889> - FreedomPop Launches New MVNO Targeted At Sprint, T-Mobile Customers <#m_-5784703931980401532_0074888> - GameFly Sells Cloud Streaming Tech, Team To Electronic Arts <#m_-5784703931980401532_0074887> *Marketplace* - Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <#m_-5784703931980401532_ad729> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_-5784703931980401532_ad611> - Stradling <#m_-5784703931980401532_ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#m_-5784703931980401532_ad596> *Thursday, May 24, 2018* *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. *UCLA's Magnify Opens Accelerator To LA Tech, Life Sciences Startups* <https://www.socaltech.com/fullstory/0074903.html> Magnify, the startup incubator which is part of UCLA's California NanoSystems Institute (CNSI), says it has opened up its incubator to the greater Los Angeles area, and is now inviting startups in the early stage technology and life sciences areas to join its program. According to Magnify, it is looking for companies working on technology in the life science, medtech, IT, and advanced materials area for its program, which is based at UCLA. (More... <https://www.socaltech.com/fullstory/0074903.html>) *PeerStreet Tops One Billion In Real Estate Loans* <https://www.socaltech.com/fullstory/0074904.html> Los Angeles-based real estate loan marketplace PeerStreet the startup founded by Brew Johnson, Brett Crosby and Alex Perelman, said on Wednesday that it has just topped one billion in total loans on its platform. The company is venture backed by World Innovation Lab, Andreessen Horowitz, Thomvest, Colchis Capital, Felicis Ventures, Solon Mack and Navitas Capital, and just raised a $29.5M funding in April. (More... <https://www.socaltech.com/fullstory/0074904.html>) *AutoGravity Names Engineering VP* <https://www.socaltech.com/fullstory/0074905.html> Irvine-based *AutoGravity <http://www.autogravity.com>*, which provides smartphone-driven car financing tools, has named Jason Bonifay as its new Vice President of Engineering, the company said this morning. Bonifay was previously VP of Development for Product and Engineering at CDK Global, and also served as VP of Software Engineering at Bankruptcy Management Solutions (BMS), and Chief Technology Officer at Propero Software. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showperson&id=82032> )(More... <https://www.socaltech.com/fullstory/0074905.html>) *TruStory Gets $3M To Vet Crypto Market* <https://www.socaltech.com/fullstory/0074901.html> Los Angeles-based TruStory, a stealth-mode startup led by Preethi Kasireddy, has raised $3M in a seed funding round to help vet information on cryptocurrency and other areas, the company disclosed on Wednesday. The seed funding was led by True Ventures, and also included Pantera Capital, Kindred Ventures, Homebrew, Coinbase Ventures, Wonder Ventures, Abstract Ventures, Dream Machine, along with angels. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=92268> )(More... <https://www.socaltech.com/fullstory/0074901.html>) *Tinder Uses Location For New Places Feature* <https://www.socaltech.com/fullstory/0074900.html> Los Angeles-based dating service Tinder launched a new feature on Wednesday to a number of test markets, which uses a user's favorite restaurants, bars, hangouts, and other locations to help make matches with others. According to Tinder, the new Places feature helps you "discover new people who hang where you hang". Tinder says that users can opt into the feature, and start seeing potential matches who have also visited the same spots. ( More... <https://www.socaltech.com/fullstory/0074900.html>) *Snap Launches Media Startup Accelerator* <https://www.socaltech.com/fullstory/0074899.html> Venice, California-based Snap, the parent company of Snapchat, is launching a new startup accelerator, named "Yellow", the company disclosed on Wednesday afternoon. The accelerator said it will invest $150,000 into ten different "creators" and startups focused in the media area. According to reports, the company's accelerator is specifically focused on people building media projects for mobile devices. (More... <https://www.socaltech.com/fullstory/0074899.html>) *Uber Retreats From Arizona In Self Driving Car Efforts* <https://www.socaltech.com/fullstory/0074898.html> On-demand ride provider Uber is abandoning its efforts to test its self driving cars in Arizona, as the company continues to try to recover from the death of a pedestrian in the state in March. According to a report from the Wall Street Journal, Uber has reportedly laid off around 300 of its "test drivers" in Arizona. Uber's self driving testing had already been suspended in the aftermath of the death. The Wall Street Journal cited an internal memo from Uber's Advanced Technologies Group. (More... <https://www.socaltech.com/fullstory/0074898.html>) *Sonnen Raises $70M From Shell For Energy Storage Efforts, Expansion* <https://www.socaltech.com/fullstory/0074889.html> Sonnen, the German developer of energy storage systems which has its U.S. headquarters in Los Angeles, said today that it has raised €60 million (approximately $70.23M US) from Shell, to expand its expansion in the US and Australia. The investment was made by Shell Ventures, the venture capital arm of Royal Dutch Shell. Sonnen develops a home energy storage platform based on batteries, which competes against Tesla's PowerWall products. (More... <https://www.socaltech.com/fullstory/0074889.html>) *FreedomPop Launches New MVNO Targeted At Sprint, T-Mobile Customers* <https://www.socaltech.com/fullstory/0074888.html> Los Angeles-based mobile phone service provider FreedomPop is announcing this morning that it has launched a brand new, high end mass market wireless service, specifically aimed at Sprint and T-Mobile subscribers. According to FreedomPop, its new service, UNREAL Mobile, will provide unlimited plans starting at $15 a month, and is aimed an "ensuring continued competition" in the wireless market after the announcement of the T-Mobile and Sprint merger. (More... <https://www.socaltech.com/fullstory/0074888.html>) *GameFly Sells Cloud Streaming Tech, Team To Electronic Arts* <https://www.socaltech.com/fullstory/0074887.html> Los Angeles-based game streaming provider GameFly and Electronic Arts said Tuesday that Electronic Arts has acquired GameFly's cloud-streaming technology, but that GameFly will continue to operate its games-by-mail subscription service. Financial details of the acquisition were not announced. (More... <https://www.socaltech.com/fullstory/0074887.html>) *Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <https://www.keyinfo.com/public-cloud/#streamone>* Simplify Cloud Management - Multi-Cloud Command & Control from Key Information Systems A major downfall of a hybrid or multi-cloud environment is the difficulty in monitoring and maintaining numerous instances across several accounts and platforms. Add that to deployment complexity and capacity issues, and your business will struggle to reap the benefits of cloud. A multi-cloud consolidation platform from KeyInfo solves these issues and more! KeyInfo provides top notch multi-cloud services, management capabilities and tailored support. We enable customers to procure cloud services from a single source, allowing for the access and management of a full range of industry-leading IaaS cloud providers including Amazon Web Services, IBM, Microsoft and more. We work with you to meet your cloud strategy needs and enable you to leverage all of the unique capabilities of the platform. To schedule an appointment, visit https://www.keyinfo.com/public-cloud/#streamone *SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <http://www.socalip.com>* IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP Strategy . Westlake Village . Santa Barbara . Irvine. [email protected] 805-230-1350 www.socalip.com *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law (<a href="http://www.sycr.com";>http://www.sycr.com) Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law firm with over 125 attorneys and 10 offices in the western US. The offices are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco - SOMA, San Francisco - Financial District, Sacramento, Reno, Denver, Seattle. The Firm’s corporate, litigation and public law practices are well known for their expertise and depth. Stradling's clients include emerging and high growth public and private companies as well as private equity funds, venture capital groups and their respective portfolio companies. Widely recognized for its expertise, responsiveness and outstanding client service, the Firm's size, structure, and culture allow it to provide the highest quality representation while maintaining the responsiveness and relationships commonly associated with smaller firms. *Early Stage Commercial Insurance - Pacific Unified Insurance Agency <[email protected]>* We are a commercial insurance broker working with startup and early stage technology and E-Commerce companies to implement cost effective strategies for their insurance and risk management programs. We provide guidance and strategic planning during various phases and also advise regarding employee benefit structures to assist in employee recruiting and retention. Coverage placements include D&O, Property, Liability, Workers Comp, E&O, Cyber/Network Security and Employee Benefit Programs. Contact: John Huttinger, CIC, CRM Vice President Ph#310-370-5000 Ext 3025 w Fx 310-370-5454 [email protected] ------------------------------ *Recent Funding <#m_-5784703931980401532_funding>* 5/23/18 TruStory <https://www.socaltech.com/intelligence/?action=showdeal&id=92268> Los Angeles $3.00 M 5/22/18 Openpath <https://www.socaltech.com/intelligence/?action=showdeal&id=92225> Culver City $7.00 M 5/22/18 Heal <https://www.socaltech.com/intelligence/?action=showdeal&id=92224> Pacific Palisades $20.00 M 5/18/18 Eyellusion <https://www.socaltech.com/intelligence/?action=showdeal&id=92221> Los Angeles $2.00 M 5/17/18 Cujo AI <https://www.socaltech.com/intelligence/?action=showdeal&id=92203> El Segundo $0.00 M 5/16/18 Quarterback <https://www.socaltech.com/intelligence/?action=showdeal&id=92194> Los Angeles $2.50 M 5/16/18 Zeeto <https://www.socaltech.com/intelligence/?action=showdeal&id=92196> San Diego $0.00 M 5/16/18 OspreyData Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=92195> San Juan Capistran $5.00 M 5/14/18 MEI Pharma <https://www.socaltech.com/intelligence/?action=showdeal&id=92078> San Diego $75.00 M 5/09/18 Syntiant <https://www.socaltech.com/intelligence/?action=showdeal&id=92046> Irvine $0.00 M 5/08/18 Luna DNA <https://www.socaltech.com/intelligence/?action=showdeal&id=92045> San Diego $4.00 M 5/07/18 mPulse <https://www.socaltech.com/intelligence/?action=showdeal&id=92034> Encino $11.00 M 5/07/18 Rival <https://www.socaltech.com/intelligence/?action=showdeal&id=92014> Los Angeles $30.00 M 5/03/18 Refuge Biotech <https://www.socaltech.com/intelligence/?action=showdeal&id=91954> Menlo Park $25.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html May 24, Santa Monica -- *Silicon Beach Crypto Happy Hour w/ Presentations at The Room in Santa Monica (Complimentary Drinks)* Silicon Beach Crypto Happy Hour w/ Presentations at The Room in Santa Monica (Complimentary Drinks). Thursday, May 24th Starting at 6pm! Complimentary Drinks, Presentations, and Networking! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach Crypto and Blockchain community. Make sure to bring your business cards and be ready to make awesome connections with amazing people in blockchain technology. Register immediately for an early bird ticket. See http://www.socaltech.com/calendar/eventid/26097 May 30, Santa Monica -- *Silicon Beach Networking Mixer at The Room in Santa Monica (Complimentary Drinks)* Silicon Beach Networking Mixer at The Room in Santa Monica (Complimentary Drinks). Wednesday, May 30th Starting at 6pm! Complimentary Drinks, Presentations, and Networking! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach community. Make sure to bring your business cards and be ready to make awesome connections with people across all industries. See http://www.socaltech.com/calendar/eventid/26090 June 18, Los Angeles -- *Top Legal Mistakes Made by First Time Entrepreneurs* Top Legal Mistakes Made by First Time Entrepreneurs. General Assembly. Legal mistakes can doom even the best startup concepts and founding teams. Join Matt Crowley from Crowley Corporate Legal Strategy as he aims to prepare you to deal with the essential legal issues that every startup faces. Making sure the legal matters are in order while you’re running your company is one of the most important things that can make your startup more investible in the future. See http://www.socaltech.com/calendar/eventid/26088 ------------------------------ *Recent Job Postings * More jobs at http://www.socaltech.com/Jobs CFO or VP Finance <http:///showjob.php?id=5698> withheld Product Engineer I <http:///showjob.php?id=5697> Aerovironment Head of CRM Marketing <http:///showjob.php?id=5696> Thrive Market Accounts Payable Specialist <http:///showjob.php?id=5695> Snap Inc. Hardware Development Manager <http:///showjob.php?id=5694> SpaceX Cloud Management Architect <http:///showjob.php?id=5693> Withheld Engineering Mgr, Electrical Hardware. Aerospace. Valencia <http:///showjob.php?id=5691> withheld Sr. DevOps Engineer near Hollywood, CA at Awesome Startup <http:///showjob.php?id=5690> ZestFinance Director, Product Management, Video <http:///showjob.php?id=5689> OpenX Vice President, Investor Relations <http:///showjob.php?id=5688> Rubicon Project Senior Accountant, Technical Accounting <http:///showjob.php?id=5687> Snap Inc. Development Test Engineer <http:///showjob.php?id=5686> SpaceX Quality Assurance Engineer <http:///showjob.php?id=5685> Leaf Group Associate Recruiter <http:///showjob.php?id=5684> Safire Partners Senior Product Development Manager <http:///showjob.php?id=5680> Belkin ------------------------------ ------------------------------ *Sponsored By * TVC Capital LLC (www.tvccapital.com) Investments and acquisitions of growing software companies. Silicon Valley Bank (http://www.svb.com). Make next happen now. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. PricewaterhouseCoopers (http://www.socaltech.com/pwc). Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud Shimokaji IP (http://www.shimokaji.com) Bettering Life Through Creative Ideas Neohire South (http://www.neohiresouth.com) Scaling startups since 2007. The #1 most connected recruiting firm in LA. Singer Lewak (http://www.singerlewak.com) Accounting and Consulting for Growing and Innovative Businesses 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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