July 25, 2016 6:01 PM ET

Software

Company Overview of Flux Factory, Inc.

Company Overview

Vannevar Technology, Inc. was incorporated in 2011 and is based in Los Angeles, California.

500 South Grand Avenue

Suite 2050

Los Angeles, CA 90071

United States

Founded in 2011

Phone:

213-213-7300

Key Executives for Flux Factory, Inc.

Co-Founder, Chief Executive Officer, President and Member of The Board of Directors
Compensation as of Fiscal Year 2016.

Flux Factory, Inc. Key Developments

Flux Factory Announces Updates on First Product Release

Flux Factory reported the availability of its first product release. Flux is a cloud-based service for architects, engineers, and contractors to seamlessly exchange data, freeing professionals to focus on the higher value creative work, such as reducing cost and delivering performance-driven design. Fueling its momentum Flux also announced it has raised $29 million in Series B financing, co-led by Temasek and Surbana Jurong Private Limited, with other investors including Far East Ventures (a subsidiary of Far East Organization, a private real estate developer), DFJ, South Park Ventures, Borealis Ventures, and Obvious Ventures. Nina Yang, COO of Singbridge, will join the Flux board of directors. Yang brings more than 25 years of experience in urban planning and building design, and has been responsible for numerous private buildings, large-scale infrastructure and urban transformation projects across Asia. Available now, Flux delivers a significant innovation for AEC professionals. With Flux: Each user or team can choose the best design or analysis tool for the task, without concern for compatibility issues; Data is synchronized across different tools without tedious file transfers and data conversions, creating a seamless project flow available anytime, anywhere; Changes in project requirements can automatically alert team members and trigger the workflow to rerun, allowing teams to respond more quickly and creatively to new project information.

Nina Yang to Join Flux Factory's Board of Directors

Flux Factory announced that Nina Yang, COO of Singbridge, will join the Flux board of directors. Yang brings more than 25 years of experience in urban planning and building design, and has been responsible for numerous private buildings, large-scale infrastructure and urban transformation projects across Asia.

Max Sound Corporation Files Complaint Against Google Inc., Flux Factory Inc. for Sustainable Building Design Technology

Max Sound Corporation filed a complaint in Santa Clara County Superior Court against Google Inc., Flux Factory Inc. and the founders and top executives of both companies accusing them of misappropriation of trade secrets, breach of contract, slander of title, unfair competition and fraud. The complaint stems from the intellectual property behind a solution designed to reduce global carbon footprints and increase housing availability. Lawyers with the Dallas firm Buether Joe &Carpenter assert that Flux is founded on intellectual property stolen from New York architect Eli Attia, and Max Sound that bought the authority to enforce Attia's intellectual property rights. The complaint asserts that Google and its founders and key executives lured Attia into deal talks before commandeering his technology and pushing him out of the project and proceeded to develop and exploit Mr. Attia's ideas and know-how for their own benefit. In 2009, Attia was looking for a partner to help develop technology he had created for construction sustainable buildings. Google X contacted Attia in July 2010 to propose a collaboration, according to the complaint. The two parties agreed that Google X would develop Attia's technology for a period of several months in an experiment called Project Genie, and then the parties would decide whether to move forward or scrap the project. A nondisclosure was executed in August, 2010. The complaint further outlines that in 2011 Google executives reneged on their promise and instead worked to exclude Attia. Defendants told Attia they had killed the project in December 2011, according to the complaint, and then went on to form Flux Factory in 2012 based on the technology developed by the Genie project.

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