*socaltech.com <http://socaltech.com> TechNews - Monday, April 20, 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 * - Veritone Picks Up $6.5M In PPP Loans <#0079766> - Masimo Partners With Samsung On Phone Bundle <#0079764> - Cornerstone Sees Uptick In Online Learning <#0079763> - HyperX Adds Two New Gaming Headsets <#0079765> - NASA, SpaceX To Send Astronauts To ISS On May 27th <#0079762> - Movandi Finds $27M In Series C <#0079761> *Marketplace* - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - BDO - Southern California Technology Industry Team <#ad737> - Pacific Western Bank, Venture Banking Group <#ad749> - Become a Socaltech Supporter! <#ad724> - Stubbs Alderton & Markiles Preccelerator <#ad694> *Monday, April 20, 2020* *Resources For UK Companies and Investors Impacted By Coronavirus <https://www.businesssupport.gov.uk/coronavirus-business-support/>* If you are a UK company, or an investor in the UK, and the Coronavirus is affecting your business: https://www.businesssupport.gov.uk/coronavirus-business-support/ If you have a UK registered business this is the primary source of information regarding the British Governments response and how to access that support. This includes employee furlough support, the large business loan scheme, corporate financing facility, HMRC’s ‘Time to Pay’ tax service, and VAT deferral. >From UK Government's Department for International Trade (DIT) *Veritone Picks Up $6.5M In PPP Loans* <http://www.socaltech.com/fullstory/0079766.html> Costa Mesa-based artificial intelligence software developer Veritone--which is publicly traded on the NASDAQ as VERI--reported that it has received a total of $6.5M in loans under the Paycheck Protection Program (PPP). The company said the loans, from Sunwest Bank, will allow it to continue operations without salary reductions, layoffs, or furloughs. The loans are part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act. ( More... <http://www.socaltech.com/fullstory/0079766.html>) *Masimo Partners With Samsung On Phone Bundle* <http://www.socaltech.com/fullstory/0079764.html> Irvine-based Masimo, which develops remote health monitoring products, says it has partnered with Samsung Electronics America to bundle its Masimo SafetyNet Patient App with select Samsung phones. According to Masimo, the partnership is expected to help in broader and faster distribution of its software to patients, particularly older patients who are less likely to own a smartphone. (More... <http://www.socaltech.com/fullstory/0079764.html> ) *Cornerstone Sees Uptick In Online Learning* <http://www.socaltech.com/fullstory/0079763.html> Santa Monica-based Cornerstone OnDemand says it has seen an "exponential" increase in online learning hours spend on the company's service, as more organizations have transitioned to remote work. According to CSOD, its data shows that 27.5 million hours were spent on Cornerstone Learning in March 2020, which it says is a "major uptick" in online learning. (More... <http://www.socaltech.com/fullstory/0079763.html>) *HyperX Adds Two New Gaming Headsets* <http://www.socaltech.com/fullstory/0079765.html> Fountain Valley-based computer gaming accessories maker *HyperX <http://www.hyperx.com>*--which is a division of Kingston Technology--says it has added two new gaming headsets to its lineup this morning. The company said the new HyperX Cloud Stinger Core + 7.1 and HyperX Cloud Stinger Core Wireless + 7.1 Gaming Headset are both part of its Cloud Stinger family, and are expected to retail for $59.99 and $79.99, respectively. Both provide 7.1 virtual surround sound.(More... <http://www.socaltech.com/fullstory/0079765.html>) *NASA, SpaceX To Send Astronauts To ISS On May 27th* <http://www.socaltech.com/fullstory/0079762.html> In a major win for Hawthorne, California-based SpaceX, NASA announced on Friday morning that it plans to send astronauts to the International Space Station (ISS) on May 27th. According to NASA administrator Jim Bridenstine, the launch--which will be the first from American soil since the Space Shuttle was retired--will happen in a SpaceX Crew Dragon, sitting atop a Falcon 9 rocket. The spaceflight will include two astronauts, Col. Doug Hurley and Bob Behnken. (More... <http://www.socaltech.com/fullstory/0079762.html>) *Movandi Finds $27M In Series C* <http://www.socaltech.com/fullstory/0079761.html> Irvine-based hardware maker Movandi, a developer of millimeter wave, wireless technology used for 5G networks, has raised $27M in a Series C funding, according to the company. The funding was led by WRVI Capital, and also included Cota Capital and DNX Ventures. According to ovandi, it will use the new funding to further develop its 5G millimeter wave technology and expand rollout of 5G networks and devices. Movandi is led by CEO and co-founder Maryam Rofougaran. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=55370>)(More... <http://www.socaltech.com/fullstory/0079761.html>) *Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <https://www.bestronics.com>* Are the great ideas stacking up faster than your engineering resources can handle? Your company needs a reliable resource of analog/digital and software engineers to understand your issues, define the problem statements and lay out a course of action to output hardware products ready for integration into your system. Our unique capabilities, used by many in the medical, scientific, military and aerospace industries, allow us to offer engineering services that result in deliverable, production ready subsystems so you can concentrate on targeting your customer base and not stressing about the right mix and numbers of engineering talent needed to see your vision become reality. Contact us at http://www.bestronics.com *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 *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] *Become a Socaltech Supporter!* Interested in letting Southern California's high tech community know you are here for them? Want to reach Southern California's movers and shakers? Become a SPONSOR or SOCALTECH SUPPORTER! Our sponsors and supporters are featured on our website, and online service provider directory, as well as in our newsletter multiple times per week. It's a great way to both get the word out about your services, as well as support our news coverage of local companies across the tech industry! Contact [email protected] for details. *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>* 4/17/20 Movandi Corp <http://www.socaltech.com/intelligence/?action=showdeal&id=100002> Irvine $27.00 M 4/16/20 Coconut Collaborative <http://www.socaltech.com/intelligence/?action=showdeal&id=99984> Los Angeles $7.00 M 4/16/20 Greenbits <http://www.socaltech.com/intelligence/?action=showdeal&id=99985> San Jose $23.00 M 4/14/20 Source Photonics <http://www.socaltech.com/intelligence/?action=showdeal&id=99983> West Hills $40.00 M 4/07/20 eResonate <http://www.socaltech.com/intelligence/?action=showdeal&id=99965> Playa Vista $1.00 M 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 Cloudbreak Health, LLC <http://www.socaltech.com/intelligence/?action=showdeal&id=99732> El Segundo $10.00 M 2/20/20 SmartBug Media <http://www.socaltech.com/intelligence/?action=showdeal&id=99733> Irvine $0.00 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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