Tuesday, March 19, 2019
BDO - Southern California Technology Industry Team
BDO USA, LLP is a professional services firm providing assurance, tax, and
advisory services to publicly traded and privately held companies through
more than 60 offices domestically and 160 countries globally. Our
Southern California technology industry team professionals have deep experience helping online, software, hardware, and cleantech businesses in the local ecosystem to navigate the many issues affecting their businesses and to help them meet their larger strategic goals. Our team provides a wide range of guidance in the key issues effecting technology companies including, M&A advisory, initial public offerings, tax planning and consulting, intellectual property agreements, financial reporting and regulatory compliance matters. For more information, please contact our LA Technology leaders Anthony Ferguson, Tim Clackett, and Kris Kaufmann at


Trovata.io Names New Executives
San Diego-based Trovata.io, a developer of software used for automating cash management and for open banking, has named two new executives, the company said on Tuesday. The company said it has named Joseph Drambarean as Chief Technology Officer and Dave McCutcheon as Vice President Sales. Drambarean was previously at Capital One. McCutcheon was most recently Head of Sales and Alliances at FloQast. Trovata.io said that both will join the company at a new office in Del Mar Heights. Trovata is led (More info...)

posted on Tuesday, March 19, 2019(Full story)

TuSimple Aims New Product At Self Driving Truck Market
San Diego-based TuSimple, a startup which is developing camera and vision systems for the self-driving truck market, announced on Tuesday that it has launched a new vision system which it hopes to deploy into self-driving truck fleets. According to the company, its system will go into volume production in Q2, and will be deployed in Q3 of 2019. tuSimple says its systems are based on CMOS image sensors from Sony Semiconductor Solutions, and will work at night and in low light operation. TuSimple (More info...)

posted on Tuesday, March 19, 2019(Full story)

Report: Backstage Capital Shifting To Accelerator Model After Fundraising Issues
West Hollywood-based venture investment firm Backstage Capital is shifting entirely to an accelerator model, according to reports today, after failing to raise a new, $36M venture capital fund. The report--from Axios--said the fund is now entirely focused on its accelerator, Backstage Studio, and also has been cutting staff. Backstage Capital focuses on focuses on minorities, including women, People of Color, and LGBT founders. The firm announced its new startup accelerator, Backstage Accelerat (More info...)

posted on Tuesday, March 19, 2019(Full story)

Interview with Ryan Disraeli And Stacy Stubblefield, Telesign
For this morning's interview, we thought we'd catch up with two of the co-founders of Marina Del Rey-based Telesign (www.telesign.com), Ryan Disraeli and Stacy Stubblefield. Telesign--which now has over 300 employees-- recently was acquired by BICS in a deal worth $230M. Disraeli also recently was appointed as CEO of the company. Ryan and Stacy co-founded Telesign over 15 years ago along with their co-founder, Darren Berkovitz.

Talk about Telesign and what you do?

Stacy Stubblefield: We do (More info...)

posted on Tuesday, March 19, 2019(Full story)

SEC Claims Elon Musk Continuing Reckless Tweets About Tesla
The U.S. Securities and Exchange Commission said in Monday in a legal filing that Elon Musk is continuing to send out "reckless" tweets about Tesla, despite a legal agreement by Tesla and Elon Musk to ensure that his tweets about Tesla production numbers and other information that might be material to the company. The SEC claimed that Musk "made no diligent or good faith effort to comply with the pre-approval provision" of the court order which settled the SEC's earlier lawsuit against Tesla and (More info...)

posted on Tuesday, March 19, 2019(Full story)

Oblong Rolls Out New Collaboration Tool
Los Angeles-based Oblong, best known as the developer of 3D, interactive software used for meetings and "spatial computing", says it has rolled out a new collaboration tools aimed at virtual teams. According to Oblong, its new software, Rumpus, is a visual collaboration application aimed at the web conferencing market. Oblong says its new software provides simultaneous access to shared screens fro m meeting participants, with such features as shared cursors, annotation, and emojis for signaling (More info...)

posted on Tuesday, March 19, 2019(Full story)

Teledyne Wins $20M F-35 Contract
Teledyne Advanced Electronics Solutions (AES), a business unit of Thousand Oaks-based Teledyne, reports this morning that it has won a $20M contract related to its support of the F-35 aircraft program. According to Teledyne, the contract--which runs for fiscal years 2019 through 2021--is with Harris Corporation.Teledyne AES said the award is to develop and deliver fiber optic quad transceiver products for the military aircraft. Teledyne has been supporting the Lockheed Martin F-34 program since (More info...)

posted on Tuesday, March 19, 2019(Full story)

Allied Wallet Connects In Norway
Los Angeles-based payment services provider Allied Wallet says it has connected its payment systems to a number of payment services in Norway, as part of its international expansion. According to the company, it now supports BankAxess, Mobilepay, Paylevo, and Trustly, four Norwegian payment systems. Allied Wallet is led by CEO Andy Khawaja; the company provides it payment processing services to businesses.

posted on Tuesday, March 19, 2019(Full story)

TechFire Spring 2019 Conference - Los Angeles - March 20
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Square 1 Bank - Brian Weber
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Stradling, Attorneys At Law (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.

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