June 29, 2017 9:38 AM ET

Internet Software and Services

Company Overview of Flux Factory, Inc.

Company Overview

Flux Factory, Inc. operates a data exchange and collaboration platform for designing buildings and cities. Its cloud-based platform helps architects, engineers, and contractors to exchange data, streamline complex design workflows, and work together to meet the urgent need for affordable buildings. The company serves the building industry worldwide. It was formerly known as Vannevar Technology, Inc. and changed its name to Flux Factory, Inc. in December 2012. The company was incorporated in 2011 and is based in San Francisco, California.

1370 Harrison Street

San Francisco, CA 94103

United States

Founded in 2011

Phone:

626-833-6808

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

Max Sound Corporation Provides Update Regarding the Attia Litigation Against Google, Flux Factory

Max Sound Corporation provided update regarding the Attia litigation against Google, Flux Factory, and other related defendants. On March 1, 2017, MAXD's legal counsel and management met with Google and Flux Factory representatives to mediate the pending Attia matter. At the end of the day, no settlement agreement was reached and the parties agreed to leave settlement negotiations open while the case continues. On May 22, 2014, MAXD entered into a representation agreement with world renowned architect Eli Attia giving MAXD the exclusive right to pursue claims on his behalf against violators of Attia's intellectual property rights. The lawsuit was filed on December 5, 2014, in the Superior Court of California, County of Santa Clara, against Google, its co-founders Sergey Brin and Larry Page, Google's spinoff company Flux Factory, and senior executives of Flux alleging among other causes of action misappropriation of trade secrets and breach of contract. The lawsuit contends that Google and the other Defendants stole Mr. Attia's trade secrets, proprietary information, and know-how regarding a revolutionary architecture design and building process that he alone had invented, known as Engineered Architecture which Google called Genie before it changed the name to Flux. Defendants engaged Attia in 2011 to translate his architectural technology into software for a proof of concept, based on decades of his life's work with the goal of determining at that point whether to continue with full-scale development of Attia's project. The lawsuit alleges that once Attia had disclosed the trade secrets and proprietary information which Google needed to bring the technology to market, they severed ties with Attia and continued to use his technology without a license and without compensation in order to bring the technology to market without him. Google valued the project at $120 billion dollars a year. Google later spun-out the business, and the new company was renamed Flux Factory. Flux Factory is substantially funded and has grown according to an interview with one if its founders to 800 employees. Plaintiffs seek a permanent injunction against the defendants, punitive damages, and restitution. As exclusive agent to Eli Attia to enforce all rights with respect to the subject technology, MAXD retained the Dallas, Texas, based law firm Buether Joe & Carpenter LLC to represent the Attia in the suit. Defendants filed multiple demurrers to the complaint, and the Court issued orders allowing the case to proceed.

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.

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