*socaltech.com <http://socaltech.com> TechNews - Thursday, April 2, 2020* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News ------------------------------
* Sponsored By * Pacific Western Bank, Venture Banking Group (http://www.pacwest.com/lending-solutions/venture-lending) Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG ------------------------------ * Headlines * - SteadyMD Picks Up $6M For Telehealth Efforts <#0079705> - Fujitsu Frontech North America Buys Fulcrum Biometrics <#0079706> - Inseego Sees Demand Jump For Hotspots <#0079708> - QUID Offers Cash Advance To Pre-IPO Employees During Pandemic <#0079707> - Tot Squad's Baby Gear Cleaning Service Acquired By BabyQuip <#0079704> - Aspen Neuroscience Gets $70M <#0079700> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stubbs Alderton & Markiles Preccelerator <#ad694> *Thursday, April 2, 2020* * BDO - Southern California Technology Industry Team <http://www.bdo.com> * 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 [email protected]. http://www.bdo.com *SteadyMD Picks Up $6M For Telehealth Efforts* <http://www.socaltech.com/fullstory/0079705.html> Los Angeles- and St. Louis, Missouri-based SteadyMD, a developer of an online telehealth service which matches up people with their own, personal doctors they can access via video, text, and phone, has raised $6M in a Series A funding round, the company said this morning. ( Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=48879>)( More... <http://www.socaltech.com/fullstory/0079705.html>) *Fujitsu Frontech North America Buys Fulcrum Biometrics* <http://www.socaltech.com/fullstory/0079706.html> Foothill Ranch, California-based Fujitsu Frontech North America, which is a subsidiary of Fujitsu which provides technology and IT solutions, said it has acquired Texas-based Fulcrum Biometrics, a developer of biometric hardware, software, and solutions. Financial terms of the acquisition were not announced. Fujitsu Frontech said the move will help it boost its biometric authentication and access management solutions business. ( More... <http://www.socaltech.com/fullstory/0079706.html>) *Inseego Sees Demand Jump For Hotspots* <http://www.socaltech.com/fullstory/0079708.html> San Diego-based Inseego, the provider of 5G and IoT products, said this week that it is seeing "unprecedented" demand for its hotspots, as a result of the wholesale move to employees, students, and others connecting from home. The company--which just a few years ago was trying to sell off its hotspot business--said it is ramping up production of its 4G and 5G MiFi mobile hotspots and other wireless connectivity devices. ( More... <http://www.socaltech.com/fullstory/0079708.html>) *QUID Offers Cash Advance To Pre-IPO Employees During Pandemic* <http://www.socaltech.com/fullstory/0079707.html> Santa Monica-based fintech startup Quid says it is offering up a way for users of pre-IPO companies who are in need of cash, or who have just been laid off, allowing them to access as much as 30% of the cash value of their private shares. According to the company, it charges 7 percent fix interest plus other fees to those employees for a cash advance. The company said it has been working with employees of such pre-IPO technology companies like Uber, Airbnb, Lyft, and Flexport. ( More... <http://www.socaltech.com/fullstory/0079707.html>) *Tot Squad's Baby Gear Cleaning Service Acquired By BabyQuip* <http://www.socaltech.com/fullstory/0079704.html> Los Angeles-based TotSquad, which operates a marketplace that connects new parents with various services, has sold its baby gear cleaning services to San Francisco-based BabyQuip. Financial terms of the acquisition were not announced. ( More... <http://www.socaltech.com/fullstory/0079704.html>) *Aspen Neuroscience Gets $70M* <http://www.socaltech.com/fullstory/0079700.html> San Diego-based Aspen Neuroscience, a biotechnology company developing treatments for Parkinson disease, said it has raised $70M in a Series A funding round. The funding was led by OrbiMed, and also included ARCH Venture Partners, Frazier Healthcare Partners, Domain Associates, Section 32, and Sam Altman. The company, led by CEO Dr. ( More... <http://www.socaltech.com/fullstory/0079700.html>) * Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending> * Pacific Western Bank is a commercial bank with over $26 billion in assets and 76 branches primarily located in California, with one in Denver, Colorado and another 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 about the Venture Banking Group, visit www.pacwest.com/lending-solutions/venture-lending, or send an email to Brian Weber at [email protected] * IP Protection for Technology and Business - SoCal IP Law Group LLP <http://www.socalip.com> * Patents. Trademarks. Copyrights. Trade Secrets. IP Filings. IP Strategy. IP Litigation. IP Transactions. US and Worldwide. Offices in Westlake Village and Santa Barbara. [email protected] www.socalip.com * Stubbs Alderton & Markiles Preccelerator <http://stubbsalderton.com/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. http://stubbsalderton.com/preccelerator/ ------------------------------ * Recent Funding <#funding> * 4/02/20 SteadyMD, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=99938> Westlake Village $6.00 M 3/31/20 AristaMD, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=99937> La Jolla $18.00 M 3/20/20 Robin Games <http://www.socaltech.com/intelligence/?action=showdeal&id=99861> Venice $7.00 M 3/03/20 TaleSpin LLC <http://www.socaltech.com/intelligence/?action=showdeal&id=99860> Culver City $15.00 M 2/27/20 Dray Alliance <http://www.socaltech.com/intelligence/?action=showdeal&id=99854> Lakewood $10.20 M 2/26/20 Flock Freight <http://www.socaltech.com/intelligence/?action=showdeal&id=99853> Solana beach $50.00 M 2/21/20 Brace <http://www.socaltech.com/intelligence/?action=showdeal&id=99803> Santa Monica $10.00 M 2/20/20 SmartBug Media <http://www.socaltech.com/intelligence/?action=showdeal&id=99733> Irvine $0.00 M 2/20/20 Liquid Death <http://www.socaltech.com/intelligence/?action=showdeal&id=99802> Santa Monica $9.00 M 2/20/20 Cloudbreak Health, LLC <http://www.socaltech.com/intelligence/?action=showdeal&id=99732> El Segundo $10.00 M 2/19/20 Digital Motors <http://www.socaltech.com/intelligence/?action=showdeal&id=99731> Irvine $0.00 M 2/18/20 Open Raven <http://www.socaltech.com/intelligence/?action=showdeal&id=99721> Marina Del Rey $4.10 M 2/13/20 Seqster <http://www.socaltech.com/intelligence/?action=showdeal&id=99719> San Diego $0.00 M 2/13/20 GumGum <http://www.socaltech.com/intelligence/?action=showdeal&id=99720> Santa Monica $22.00 M ------------------------------ * Upcoming Events * Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ * Recent Job Postings * More jobs at http://www.socaltech.com/Jobs ------------------------------ ------------------------------ * Sponsored By * Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG Email [email protected] for more information about sponsoring this newsletter. ------------------------------ You are receiving this email because you subscribed to the socalTECH.com TechNews from our web site, or otherwise requested a subscription. If you do not want to receive this newsletter go to: http://listserv.socaltech.com/mailman/listinfo/socaltech or email us at [email protected] ------------------------------ Legal Notices ---- While SOCALTECH LLC has used its best efforts in collecting and preparing the information published herein, SOCALTECH LLC does not assume, and hereby disclaims, any liability for any loss or damage caused by errors or omissions, whether such errors or omissions resulted from negligence, accident or other causes. All contents Copyright (c) 2017 SOCALTECH LLC. 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