Tuesday, May 14, 2019
Pacific Western Bank, Venture Banking Group – Brian Weber
Pacific Western Bank is a commercial bank with over $26 billion in assets and 74 full-service branches located throughout California and one branch in Durham, North Carolina. Our Venture Banking Group offers a comprehensive suite of financial services focused on entrepreneurial businesses and their venture capital and private equity investors. We also offer Community Banking and National Lending services.

For more information, visit http://www.pacwest.com/lending-solutions/venture-lending, or send an email to bweber@pacwest.com

ObEN Powers Cryptocurrency News Via Avatar
Pasadena-based ObEN, a developer of artificial intelligence-driven, animated avatars--which looks like and sound like real people--said its technology is being used to power the detailed, human avatar behind PAI News, an app which will deliver news on blockchain and cryptocurrency. ObEN said its 3D avatar, "Satoshi", will provide news on technology, finance, law, and education. ObEN said the cryptocurrency news avatar app is available both on iOS and Android. ObEN's software uses text-to-speech (More info...)

posted on Tuesday, May 14, 2019(Full story)

Ingram Micro Expands In Peru
Irvine-based Ingram Micro, which provides electronics distribution and supply chain services, said on Tuesday that it is expanding its operations in Lima, Peru, with the opening of a new IT Asset Disposition (ITAD) processing center, part of its Ingram Micro Commerce & Lifecycle Services arm. Ingram Micro said the facility is the third facility in South America. The new center provides such technology disposition services as data erasure and drive destruction, processing, remarketing and recycli (More info...)

posted on Tuesday, May 14, 2019(Full story)

Crowdstrike Files For IPO
Crowdstrike, the cloud security software developer led by George Kurtz, has filed for an IPO, saying in a filing on Tuesday afternoon that it is looking to debut its IPO on the Nasdaq Global Select Market as CRWD. Crowdstrike was started in Irvine, where it still has substantial operations. The IPO is being underwritten by Goldman Sachs & Co. LLC, J.P. Morgan, BofA Merrill Lynch, Barclays, Credit Suisse, Jefferies, RBC Capital Markets, Stifel, HSBC, Macquarie Capital, Piper Jaffray, SunTrust Rob (More info...)

posted on Tuesday, May 14, 2019(Full story)

LA County Detectives Bust Cryptocurrency Hacking Group
Detectives from the Los Angeles County Sheriff’s Department’s Fraud & Cyber Crimes Bureau say they have arrested a suspect in a $2.4M, cryptocurrency heist, where a citizen of West Hollywood reported being a victim of a large cryptocurrency theft. According to the detectives at the LA County Sheriff, it has indicted Reyad Gafar Abbas, 19, one of nine individuals indicted as part of a multinational hacking group known as "The Community", which used "SIM swapping" to gain control of a victim's mob (More info...)

posted on Tuesday, May 14, 2019(Full story)

Grindr's Chinese Owner Ordered To Sell App Over National Security Concerns
The Chinese owner of Los Angeles-based gay dating app Grindr must sell Grindr by June of 2020, after reaching an agreement with the Committee on Foreign Investment in the U.S. (CFIUS). Beijing Kunlun Tech Co., the Chinese owner of Grindr, said on Monday that it reached an agreement to sell Grindr before June 30, 2020, and also prohibits the company from accessing any information about Grindr's users, or transferring any of its user data to any entities based in China. The issue comes over the co (More info...)

posted on Tuesday, May 14, 2019(Full story)

Virtium Sold to Court Square Capital Partners
Rancho Santa Margarita-based Virtium, a developer of ruggedized, industrial, embedded solid state drives and memory, has been sold to private equity investor Court Square Capital Partners, by its existing private equity owner, L Square Capital Partners. Financial details of the deal were not announced. According to L Squared, since its investment in Virtium in July of 2015, Virtium saw its organic revenues more than double, and a tripling of its EBITDA. Virtium was founded in 1997, by co-founde (More info...)

posted on Tuesday, May 14, 2019(Full story)

Curtail, Fresh Off $3.25M Funding, Names VPs
Santa Barbara-based Curtail, a new cybersecurity startup which recently landed $3.25M in funding, said this morning that it has named two VPs. According to the startup, Deborah Scanlon will serve as vice president of strategic sales, and Nigel Quinnin will take on the role of vice president of development at the company. Curtail recently raised $3.25M in a seed funding round from Tarus Capital. Scanlon was most recently at Gartner, and also has served at Recourse Technologies, Vormetric and BigF (More info...)

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Clearlake's NetDocuments Gets New Investment
NetDocuments, the developer of a cloud-based platform for managing the documents of law firms and corporate legal and compliance departments which is backed by Santa Monica-based private equity investor Clearlake Capital, has scored a new, strategic funding. According to NetDocuments, it has received a "significant" new equity investment from another private equity investor, Cove Hill Partners. Size and terms of that investment was not announced by the companies. According to NetDocuments, Cove (More info...)

posted on Tuesday, May 14, 2019(Full story)

Soulmates.AI Targets Social Media Measurement
Pasadena-based startup Soulmates.AI said today that it has launched a new tool, Social ROI Reporter, which it says helps brands and agencies with measuring the dollar value of their social media and influencer marketing campaigns. According to Soulmates.AI, its new tool helps marketers track their marketing performance on Facebook, Instagram, Twitter, and YouTube, and helps them compare their performance against competitors. The startup
did not announce the pricing behind the tool.

posted on Tuesday, May 14, 2019(Full story)

IP Protection for Technology and Business - SoCal IP Law Group LLP
Patents. Trademarks. Copyrights. Trade Secrets.
IP Filings. IP Strategy. IP Litigation. IP Transactions.
US and Worldwide.

Offices in Westlake Village and Santa Barbara.

info@socalip.com www.socalip.com

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


Stubbs Alderton & Markiles Preccelerator
Accelerating Growth for Early Stage Innovation

The Preccelerator® Program is a platform offered to select start-up companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides interim office space, sophisticated legal services, mentorship and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator® Program provides these benefits to as many as 10 promising young startups in separate growth tracks.


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.

Early Stage Commercial Insurance - Pacific Unified Insurance Agency
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.


John Huttinger, CIC, CRM
Vice President
Ph#310-370-5000 Ext 3025 w Fx 310-370-5454

Preccelerator Class 11 Demo Day - June 25
Preccelerator Class 11 Demo Day.

Clear your calendar - It's going down! The Preccelerator ® Program Class 11 Demo Day kicks off on June 25th @ 6:00 pm, and you're invited to take part in the festivities. What a wild ride it has been! Preccelerator cohort companies are early stage, and we work hand in hand with them throughout their 6-month term to know their market and users, foster their leadership skills, build and test their product, avoid legal pitfalls, ensure the defensibility of their products, acquire users and partnerships and prepare them for the fundraising process. Now it's time to showcase their efforts! Pitches will be followed by a special Startup Superhero Series speaker - who will be sharing the highs and lows and lessons learned on their startup journey!

Register today! https://www.eventbrite.com/e/preccelerator-class-11-demo-day-tickets-59022004404

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