*socaltech.com <http://socaltech.com> TechNews - Wednesday, April 22, 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 * - Myosana Therapeutics Finds $1M In Funding <#0079776> - Snap Sees Increase In Active Users, Revenue Increase <#0079775> - Edmunds Offers Steep Discounts To Dealers <#0079774> - Kofax Extends Platform For PPP Processing <#0079777> - GM Shuts Down Maven Car Sharing Service <#0079773> *Marketplace* - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - BDO - Southern California Technology Industry Team <#ad737> - Stubbs Alderton & Markiles Preccelerator <#ad694> - Stradling <#ad608> *Wednesday, April 22, 2020* *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 *Myosana Therapeutics Finds $1M In Funding* <http://www.socaltech.com/fullstory/0079776.html> Newport Beach-based Myosana Therapeutics, a biotech company which is working on technology for non-viral gene delivery, has raised $1M in its seed funding round, the company said this morning. The funding came from CureDuchenne Ventures. The company said the new funding will go towards development of its non-viral gene therapy, for delivering a treatment for Duchenne muscular dystrophy (DMD). (More... <http://www.socaltech.com/fullstory/0079776.html>) *Snap Sees Increase In Active Users, Revenue Increase* <http://www.socaltech.com/fullstory/0079775.html> Santa Monica-based Snap, the parent company of Snapchat, reported its first quarter 2020 financials on Tuesday afternoon, saying that it has seen an increase in both its daily active users and revenues. The company attributed that growth in part to the increased need by people to connect with their friends and family while stuck at home during the COVID-19 pandemic. (More... <http://www.socaltech.com/fullstory/0079775.html>) *Edmunds Offers Steep Discounts To Dealers* <http://www.socaltech.com/fullstory/0079774.html> In more proof of how the COVID-19 pandemic is affecting business, Santa Monica-based online auto information and automotive car shopping software provider Edmunds said today that it has been helping out its dealer partners, by providing a 50% discount on its subscription services. The company said it offered that financial relief to its partners in April, and will now extend that discount through May. (More... <http://www.socaltech.com/fullstory/0079774.html>) *Kofax Extends Platform For PPP Processing* <http://www.socaltech.com/fullstory/0079777.html> Irvine-based Kofax says it is helping to power a platform from ImageTech Systems, for managing loan applications submitted under the Coronavirus Aid, Relief, and Economic Security (CARES) Act Paycheck Protection Program (PPP). The program--which recently ran out of funds allocated to it by Congress--is expected to be extended this week. (More... <http://www.socaltech.com/fullstory/0079777.html>) *GM Shuts Down Maven Car Sharing Service* <http://www.socaltech.com/fullstory/0079773.html> General Motors has shut down its Maven car sharing service, including its services in Los Angeles, as the ongoing COVID-19 pandemic has put the final nails in the coffin for the service. The car sharing service--which already had been struggling prior to the pandemic outbreak--had paused its business last month nationwide. Maven had previously set up a partnership with the City of Los Angeles to encourage EV sharing. (More... <http://www.socaltech.com/fullstory/0079773.html>) *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 *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 *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/ *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law ( href="http://www.sycr.com";>http://www.sycr.com ) Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law firm with over 125 attorneys and 10 offices in the western US. The offices are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco - SOMA, San Francisco - Financial District, Sacramento, Reno, Denver, Seattle. The Firm’s corporate, litigation and public law practices are well known for their expertise and depth. Stradling's clients include emerging and high growth public and private companies as well as private equity funds, venture capital groups and their respective portfolio companies. Widely recognized for its expertise, responsiveness and outstanding client service, the Firm's size, structure, and culture allow it to provide the highest quality representation while maintaining the responsiveness and relationships commonly associated with smaller firms. ------------------------------ *Recent Funding <#funding>* 4/20/20 Faze Clan <http://www.socaltech.com/intelligence/?action=showdeal&id=100003> Los Angeles $40.00 M 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 ------------------------------ *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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