Tue.Jun 18, 2019

Silicon Beach Report June 18: Elevate Secures $25 Million

L.A. Business Journal

HipDot finds $2.5 million; Bird hopes to migrate to NYC; Elevate raises $25 million venture round

Report 130

Elevate Finds $25M For Legal Management Software

socalTECH

Los Angeles-based Elevate Services , a developer of enterprise, legal management software, has received $25M in an investment round, from private equity investor Kayne Partners, according to the two companies. According to Elevate, it has now deployed almost $60M in total for its efforts. Elevate said it will use the new, minority investment to scale its operations and to enhance its software.

UC Irvine Summer Academies in the Arts

SoCal Tech Calendar

Monday, June 24, 2019 -- UC Irvine Summer Academies in the Arts. UC Irvine's Claire Trevor School of the Arts presents Summer Academies in the Arts - college and career preparatory intensives in Art, Dance, Drama, Music and Technology for students ages 8-22 years old. Classes run through August 16, 2019. Scholarships and financial aid are available! See [link] (more

Class 100

SendGrid's Original Seed Round Pitch Deck

socalTECH

Ever wonder what the origins were of some of the most successful local startups? Look no further than the seed round pitch deck for SendGrid , one of the biggest exits of a company founded in Orange County in recent years. SendGrid had a successful IPO in 2017 , and was acquired for $3 billion in February. One of the company's co-founders, Isaac Saldana, helped co-found the company in Anaheim.

AngelList: LA Losing New Technology Grads

socalTECH

A new report , published by startup networking organization AngelList , says that Los Angeles is losing out to such areas as the Bay Area and New York, because of failure to offer up training to newly graduating engineering graduates. According to AngelList, 72 percent of LA's engineering graduates leave the area for their first jobs--which the group attributes to a lack of recruiting of junior level engineers at local startups and high tech companies.

California Boots Up $1 Billion Financing Program For Multifamily Solar Installs

socalTECH

The Solar on Multifamily Affordable Housing (SOMAH) program, which is run out of San Diego, said it has launched a new, $1 billion program to bolster clean energy access for low-income, residential tenants. According to the SOMAH program, it has begun accepting applications for the new program, which gives property owners financial incentives for installing solar photovoltaic energy systems on housing serving low-income and disadvantaged communities throughout the state.

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Illumina Wins Patent Infringement Suit

socalTECH

San Diego-based life sciences equipment maker Illumina has won a patent infringement lawsuit it filed against Ariosa Diagnostics , according to the company, in a win in the United Kingdom. According to Illumina, it received a judgement in its favor in the patent infringement suit, from the High Court of Justice, Chancery Division, Patents Court in the United Kingdom.

ERP Power Buys Lumenetix

socalTECH

Moorpark-based ERP Power , a manufacturer of power electronics for the LED lighting market, has acquired Lumenetix , a manufacturer of tunable color light engines for the lighting market. Financial details of the acquisition were not announced. ERP Power--which is owned by private equity investor Angeles Equity Partners--said the move will help simplify integration by original equipment manufacturers, providing integrated driver, light engine, and digital controls.