Tue.Apr 07, 2020

Silicon Valley Bank only started processing stimulus loan applications today

TechCrunch LA

In a sign of just how broken the process is for startups looking to receive stimulus dollars, Silicon Valley Bank, the bank that claims “more innovative startups bank with us than any other bank,” only just began processing claims today.

How One Co-Working Space is Dealing with the Pandemic

Tech.Co

The current Covid-19 pandemic has had an epochal effect on businesses, and even the humble office space has taken a blow, with millions of us now working from home.

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SpaceX Dragon Splashes Down Off Long Beach

socalTECH

A SpaceX Dragon spacecraft successfully splashed down 300 miles southwest of Long Beach at 2:50pm on Tuesday, after the 20th cargo resupply mission to the International Space Station for NASA. The spacecraft was loaded with more than 4,000 pounds of scientific experiments and cargo.

Inovio Begins Experimental COVID-19 Vaccine Tests in Healthy Volunteers

Xconomy

Inovio Pharmaceuticals, one of the biotechs developing a vaccine to prevent COVID-19, has received the FDA’s OK to start testing its candidate in healthy volunteers.

Headspace Offers Up Mindfulness Tools To New Yorkers

socalTECH

Santa Monica-based Headspace is looking to help New Yorkers manage their stress with a new website , offering up a number of exercises to help people reduce their stress levels during the pandemic. The site--launched on Monday in partnership with New York Governor Cuomo--is available both in English as well as Spanish. The company said the special NY collection of meditation, sleep, and movement exercises are specifically aimed at helping New Yorkers through stressful and challenging times.

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Ligand Buys Assets From Icagen

socalTECH

San Diego-based Ligand Pharmaceuticals said last week that it has completed its $15M cash acquisition of the core assets of Icagen's North Carolina operations. Ligand Pharmaceuticals said it acquired the core assets, partnered programs, and ion channel technologies from Icagen. In addition to the $15M in cash, Ligand said that Icagen is entitled to receive additional cash payments based on certain revenue achievements.

VIZIO Boosts Menu Of Free Streaming Channels

socalTECH

Irvine-based television manufacturer VIZIO said today that it is launching 30 new, free linear TV channels as part of its free SmartCast TV streaming service. The company said the new, ad-supported TV services are seeing a 59 percent increase in viewin gsessions over the last three weeks of March.

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Miso Robotics Boots Up Crowdfunding Campaign, Seeks $30M

socalTECH

Pasadena-based Miso Robotics , which is developing robots for the quick serve restaurant industry, says it has launched a new Series C crowdfunding campaign, where it hopes to raise a total of $30M in funding. According to the company, it has over $2.6M in "reservations" as part of the round, which it says it is running in collaboration with SeedInvest and Wavemaker Labs.

eResonate Media Finds $1M For Live Music Streaming

socalTECH

Playa Vista-based eResonate Media , a startup which is working on a live music streaming platform, said this morning that it has raised $1M in a funding round. The convertible note offering will go towards the company's planned launch later this year. According to the company, it is working on live streaming of a user's favorite bands to their mobile or other devices.

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