Wednesday, April 26, 2017


Faraday Future Sued By Faraday Bicycles In Trademark Suit, Adding To Legal Woes
Los Angeles-based Faraday Future, which is developing high tech electric vehicles, has been sued by a manufacturer of electric bicycles, Faraday Bicycles, in a trademark lawsuit in the Ninth Circuit, California Northern District Court. Faraday Bicycles alleges that Faraday Future is infringing upon its trademark, which it obtained in October 2013, and cited the rejection of Faraday Future's application for its own trademark in 2016 where the U.S. Patent and Trademark Office said the company's na (More info...)
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Sense360 Scores $7M
Los Angeles-based Sense360, a developer of analytics software and mobile sensor technology for helping restaurants undersetand how consumers are interacting with their locations, has raised $7M in a Series A funding. The funding was led by Firstmark, and also included Qualcomm Ventures and Upfront Ventures. Sense360 is led by startup veteran Eli Portnoy, who was last founder of ThinkNear, which he took from start to exit in only 14 months. As part of the funding, Sense2360 added Noah Glass (Olo) (More info...)
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Dave Gets $3M To Help You Avoid Bank Overdrafts
Los Angeles-based Dave, a developer of artificial intelligence for preventing bank overdraft fees, said this morning that it has raised $3M in a seed funding round. The funding came from Mark Cuban, SV Angel, The Chernin Group, along with Jonathan Kraft, Skip Paul and Diplo. Dave's mobile app helps users predict their expenses and avoid overdrafting their checking accounts--plus also lets users borrow money as an advance on their paycheck.
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Interview with Eugene Cho, Echo
Eugene Cho is CEO of San Diego-based Echo (www.discover-echo.com), a startup which is developing a new kind of microscope. The startup is backed by the Tech Coast Angels and Dolby Ventures. Eugene tells us about how his long experience in sales in the microscope industry really enabled the company to get traction quickly, and how that traction--and particularly, sales and market knowledge--was the key to finding funding for its efforts, changing the conversation from "what's this widget about (More info...)
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AltheaDx Finds $27M In New Funding
San Diego-based AltheaDx, which is developing molecular diagnostics technology for the personalized medicine market, has raised $27M in its Series D funding round. Source of the new funding was not announced by the company. AltheaDx said the funding will go towards expanding its sales force and scaling up marketing efforts. AltheaDx is led by President and CEO Jorge Garces.
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Digital Domain Debuts Virtual Reality App
Playa Vista-based Digital Domain, the visual effects provider which has been making a big push into virtual reality content, said on Tuesday that it has launched its own app for viewing virtual reality content. The company said the app includes both content created in-house at Digital Domain, as well as works from its industry partners, including animation, short films, and documentaries plus live and video on demand content from musical, political and entertainment events. The app is free, and (More info...)
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Zadara Wins Eastman Kodak Spinoff
Irvine-based storage-as-a-service provider Zadara Storage said on Tuesday that it has been selected by Kodak Alaris, a spin off from Eastman Kodak Company. Zadara said Kodak Alaris is using its Zadara VPSA storage array. Zadara's products are used by companies to implement storage in the cloud, appearing as a local storage array or storage controller, but tapping into a number of different cloud storage options. Kodak Alaris is a provider of information management software for professional photo (More info...)
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