Monthly Archives: May 2021

News: Korean proptech startup Dongnae gets $4.1M seed extension led by NFX

The real estate market in South Korea is very fragmented, which means people often have to work with dozens of brokers before they find a new home. Founded in 2020 by a former WeWork executive, Dongnae wants to create a centralized base for brokers, serving as a multiple listing system (MLS). Since its first seed

The real estate market in South Korea is very fragmented, which means people often have to work with dozens of brokers before they find a new home. Founded in 2020 by a former WeWork executive, Dongnae wants to create a centralized base for brokers, serving as a multiple listing system (MLS). Since its first seed round last year, Dongnae has increased its brokerage partners to more than 70. Today the startup announced it has raised a seed extension of $4.1 million, doubling its total raised to $8.2 million.

The new funding was led by investment fund NFX, with participation from returning investors Flybridge and MetaProp, who led Dongnae’s first seed round. NFX general partner Pete Flint, who co-founded Trulia and is a former Zillow board member, will join Dongnae’s board. The startup’s other investors include Goodwater Capital, Maple VC and strategic angel investors in South Korea and the United States.

“It’s an exciting time of growth at our company, and we want to make sure that we are executing our go-to-market plan,” founder Matthew Shampine, who formerly ran WeWork Asia, told TechCrunch about the seed extension. “Pete Flint and [principal] Brittany Yoon at NFX bring an amazing combination of real estate expertise and Korean startup experience that will be invaluable to Dongnae.”

Dongnae also announced the release of its Android app today. The company’s Android and iOS apps let potential renters and buyers look at listings and book tours of properties in the Seoul metropolitan area.

Shampine said that Dongnae now has more than 8,000 listings. Since its last funding announcement five months ago, Dongnae has increased its closed deal volume by more than 65% and revenue by 150%.

Shampine added that the new funding will be used to grow Dongnae’s brokerage network across the Seoul metropolitan area, which accounts for almost half of South Korea’s population, and the development of its technology and brokerage teams.

“At the time of our seed funding, we had just launched our brokerage partner program so we actually had one partner. The name of our first partner is Global Real Estate, based in Yongsan, and they were actually the brokerage that helped me find my personal apartment around the time we started Dongnae,” said Shampine. “They’ve been a wonderful and patient partner as our organization has grown this year, and we’ve already worked together to help a number of our customers find great homes.”

In a statement, Flint said, “The executive team at Dongnae is uniquely qualified considering their global backgrounds and deep local real estate expertise, and I believe the timing is perfect for Dongnae and the market need they are addressing in Korea.”

 

News: ByteDance founder Zhang Yiming to step down as CEO by end of 2021

Zhang Yiming, the storied co-founder of ByteDance, is stepping down from his role as the CEO and passing the torch to Liang Rubo, another co-founder of the TikTok parent and one of the world’s most valuable internet juggernauts. In an internal letter to employees, 38-year-old age Zhang said he is making the transition to spend

Zhang Yiming, the storied co-founder of ByteDance, is stepping down from his role as the CEO and passing the torch to Liang Rubo, another co-founder of the TikTok parent and one of the world’s most valuable internet juggernauts.

In an internal letter to employees, 38-year-old age Zhang said he is making the transition to spend more time on “long-term strategy, corporate culture, and social responsibility.”

Zhang will work side by side with Liang, currently ByteDance’s head of human resources and a friend from his university, over the next six months to ensure a smooth transition. Zhang will remain as a member of the board at ByteDance.

More to come…

News: Ford F-150 Lightning electric pickup truck can power your home in an outage

The power of a pickup truck is not all about torque, horsepower, towing and hauling. Ford’s newest electric F-150 Lightning, which was unveiled Wednesday, is trying to change the meaning of truck power with a system that can provide energy to a customer’s home in the event of an outage. Ford isn’t alone in its

The power of a pickup truck is not all about torque, horsepower, towing and hauling. Ford’s newest electric F-150 Lightning, which was unveiled Wednesday, is trying to change the meaning of truck power with a system that can provide energy to a customer’s home in the event of an outage.

Ford isn’t alone in its effort to show consumers the benefits of an all-electric vehicle. Others, such as Lucid Motors have also touted this capability.

Severe winter storms in February caused a massive power outage in Texas, with more than 4.5 million homes and businesses left without power for days. 151 people were killed as a result. The F-150 Lightning’s 9.6 kW of Back Up Power can provide full home power for up to three days on a full charge of battery.

“If your F-150 Lightning is plugged in when your outage occurs, intelligent backup power will automatically kick in to power your home,” said Ryan O’Gorman, Ford’s energy services lead, in a video briefing prior to the reveal. “When power is restored, the truck automatically reverts to charging its battery.” 

Solar, battery storage and energy services provider Sunrun has partnered with Ford to install the 80-amp Ford Charge Station Pro and home integration system, which comes standard with the extended range battery, to power the intelligent backup power system. While they’re in the neighborhood, Sunrun will also give customers the option of installing a solar and battery system for their home. 

Ford F-150 EV lightning

Image Credits: Ford

For those who want to spend time away from home, an additional 9.6 kW Pro Power Onboard battery source, which is up from 7.2kW in the F-150 hybrid, can power anything from loudspeakers and TVs to electric dirt bikes, circular saws and jackhammers. The truck features 11 outlets in the bed, the cabin interior and the mega power “frunk” AKA front trunk. 

The battery also distributes power intelligently. So if a driver is at a worksite powering tools and the battery level falls below a third of its total range, the driver will get a notification so they can decide if they want to keep at it or save the juice for driving. 

Drivers also don’t need to think too much about where the nearest charging station is. They can set it and forget it, letting the truck handle switching off pro power onboard if the battery level approaches the distance it takes to get to the nearest charge. Charge information both for the Back Up Power and the Pro Power are reflected on the Ford app and the car’s infotainment screen.

While the F-150 Lightning currently can give your home the backup power it needs, in the future, the aim is for subsequent models to be used as a home management tool, according to a Ford spokesperson. 

“F-150 Lightning is reinventing the idea of vehicle power,” said O’Gorman.

News: Ford unveils the F-150 Lightning, its all-electric pickup truck that will start under $40,000

The Ford F-150, the profitable cornerstone of the U.S. automaker’s business, now has an all-electric sibling. Ford unveiled Wednesday the F-150 Lightning, an all-electric pickup truck that is a critical piece of the company’s $22 billion investment into electrification. The vehicle is one of a trifecta of Ford EV debuts and launches in the past year.

The Ford F-150, the profitable cornerstone of the U.S. automaker’s business, now has an all-electric sibling.

Ford unveiled Wednesday the F-150 Lightning, an all-electric pickup truck that is a critical piece of the company’s $22 billion investment into electrification. The vehicle is one of a trifecta of Ford EV debuts and launches in the past year. And it is possibly the most meaningful in terms of the bottom line. The Ford F-150 Lightning, which will be built at the automaker’s Rouge factory in Dearborn, Michigan, follows the introduction of the all-electric Mustang Mach-E and the E-Transit, a configurable all-electric cargo van focused on commercial customers.

Ford had a challenging gig with the F-150 Lightning. The truck would need everything that has made its gas-powered counterpart the best-selling vehicle in North America as well as new benefits that come from going electric. That means torque, performance, towing capability and the general layout has to meet the needs of its customers, many of whom use it for commercial purposes. The vehicle specs suggest that Ford has delivered on the torque and power, while keeping the same cab and bed dimensions as its gas counterpart.

That last detail is notable because by keeping the same dimensions, it is able to accommodate the thousands of F-150 truck accessories that exist today. If Ford has any hope of converting its current customer base, decisions like this one matter.

Will it convert or will the F-150 Lightning attract a whole new group of customers? It’s a question that won’t be answered until it comes to market in spring 2022.

The Lightning will be a hit for Ford, according to analysts like iSeeCars.com executive analyst Karl Brauer.

“Ford went well beyond installing a battery pack in a traditional F-150,” Brauer said. “The automaker’s comprehensive approach to the Lightning’s design, performance, and advanced features would make it a desirable truck with a traditional engine. The electric powertrain, and the instant torque and increased cargo and towing capacity that come with it, along with the ability to seamlessly power a house for multiple days, are additional benefits beyond the Lightning’s sleek styling, rapid acceleration, and high-tech amenities. It’s obvious Ford recognizes both the opportunity and risk presented by the shift toward electric vehicles, and the automaker has clearly committed to keeping the F-150 viable in a battery-powered world.”

Nuts and bolts

The F-150 Lightning will be offered in four trims, which includes the base, XLT, Lariat and Platinum series, and two battery options. The truck, which has an aluminum alloy body, is powered by two in-board electric motors, comes standard with four-wheel drive, and has an independent rear suspension. Ford is only releasing two prices at the moment. The base version will be priced at $39,974 before any federal or state tax credits, while the mid-series XLT model will start at $52,974.

The overall length of the standard-range battery model (specs from other trims are yet to be published) is 232.7 inches, one inch longer than the gas-powered F-150. The Lightning’s wheelbase is essentially the same, with just one-tenth of an inch separating it from its combustion engine and hybrid cousins.

One notable difference between the electric and gas 4×4 versions of the F-150 is the ground clearance. The Lightning has ground clearance of 8.9 inches compared to 9.4 in the original F-150. That half-inch loss is possibly caused by the metal skid plates that are meant to protect the battery and inboard motors from the terrain.

The standard battery range truck delivers a targeted 426 horsepower and 775 pound-feet of torque. The F-150 Lightning equipped with the extended-range battery helps push the horsepower to 563 (or 420 kW) and has the same torque, which Ford says is the most of any F-150 ever.

The vehicle’s battery has a targeted range of 230 miles in the standard and pops up to 300 miles in the extended version. One question remains: how will the range be affected by towing a boat or trailer?

Ford doesn’t provide that information, and until the EPA gives its estimated range and people start towing cars, boats and snowmobiles, it might not clear.

Ford does point to two features meant to help drivers understand just how far they can travel before charging. The first is called “onboard scales,” which uses sensors on the truck to estimate payload so drivers know the weight of what they’re hauling. Now, payload — the weight a truck can carry — is different from towing capacity, which is the weight it can tow. But “onboard scales” work alongside yet another feature called “intelligent range,” which takes into consideration towing info, payload, weather and more, according to Ford.

Ford isn’t backing away from payload and towing capacity. Ford notes that the new frame on the truck uses the strongest steel ever put in an F-150 frame and supports a maximum 2,000-pound payload and up to 10,000-pound towing capacity.

Inside the Lightning

Just like the newly refreshed gas-powered F-150, the Lightning is filled with connected car tech and advanced driving assistance features. The higher level trims of the Lightning — the Lariat and Platinum versions — will come with Ford’s Sync 4A infotainment system that can support over-the-air software updates. That means the system rollout upgrades to the vehicle, such as adding or improving driver assistance features and keeping maps up to date. SYNC 4 will offer third-party apps through its AppLink system, including Waze and a version of Amazon’s Alexa called Ford+Alexa.

The Sync 4A system, which will feature natural voice control and real time mapping, will be displayed on a 15.5-inch touchscreen that looks a lot like what is inside the new Mustang Mach-E electric crossover. In front of the driver is a 12-inch instrument cluster that can be customized. This digital cluster will also relay important information to the driver on how the battery is operating, the regenerative braking and the advanced driver assistance system functions.

Image Credits: Ford

“It really is the smartest F-150 we’ve ever made,” said Darren Palmer, general manager of battery electric vehicles at Ford Motor Company. “F-150 Lightning offers an immersive touch screen,
giving our customers all the info they want in an instant — a real-time view of where they’re going, what they’re hauling or how much real-world range they’ve got banked. And with Ford
Power-Up software updates, the experience is only going to get better.”

The F-150 Lightning will also offer Blue Cruise, the automaker’s new hands-free driving feature, which will also be available on the 2021 F-150 pickup truck and certain 2021 Mustang Mach-E models through a software update later this year. That hands-free capability — which uses cameras, radar sensors and software to provide a combination of adaptive cruise control, lane centering and speed-sign recognition — has undergone some 500,000 miles of development testing, Ford emphasized in an announcement in April. The system also has an in-cabin camera that monitors eye gaze and head position to help ensure the driver’s eyes remain on the road.

The hands-free system will be available on vehicles equipped with Ford’s Co-Pilot360 Technology and will only work on certain sections of divided highways. The system, which will be rolled out via software updates later this year, will initially be available on more than 100,000 miles of highways in North America.

 

News: Philippine e-commerce enabler Great Deals raises $30M Series B led by logistics firm Fast Group

Founded in 2014, Great Deals is an e-commerce enabler that helps brands like Abbot, L’Oréal and Unilever build their online retail operations in the Philippines. The startup announced today that it has raised $30 million in Series B funding led by Fast Group, one of the Philippines’ biggest logistics firms, with support from CVC Capital

Steve Sy, the CEO of Great Deals, and William Chiongban, CEO of Fast Group, sign the contract for the companies' strategic partnership

Steve Sy, CEO of Great Deals, and William Chiongbian II, CEO of Fast Group, sign the contract for the companies’ strategic partnership. Image Credits: Great Deals

Founded in 2014, Great Deals is an e-commerce enabler that helps brands like Abbot, L’Oréal and Unilever build their online retail operations in the Philippines. The startup announced today that it has raised $30 million in Series B funding led by Fast Group, one of the Philippines’ biggest logistics firms, with support from CVC Capital Partners. Navegar, which led Great Deals’ Series A, also returned for this round.

The transaction was advised by Rocket Equities. The investment by Fast Group, which has a fleet of more than 2,500 vehicles and 90,000 stores in its distribution network, marks the beginning of a strategic partnership. Great Deals will use part of the new capital to build an automated fulfillment center, and the deal will help it increase its penetration outside the Greater Manila Area and offer more Instant Commerce, or deliveries under one hour.

Great Deals currently operates only in the Philippines, but plans to expand regionally next year, founder and chief executive officer Steve Sy told TechCrunch.

In a statement, Fast Group president and chief executive officer William Chiongbian II said, “The Fast Group sees a lot of synergies with Great Deals in building capacity. We are privileged to contribute to the growth of Philippine e-commerce, as it relies heavily on a strong supply chain backbone.”

Some of Great Deals’ other clients include Nestlé, Samsonite, GSK, Bayer and Fila. In addition to serving as an e-commerce distributor, it offers an end-to-end services for brands, including digital content production, marketing campaign coordination and management of marketplace listings (Great Deals’ partners include Lazada, Shopee, Zalora, Zilingo, Shopify and Magento).

News: Daily Crunch: India gives WhatsApp one week to revoke its updated privacy policy

Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.

To get a roundup of TechCrunch’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.

Happy Wednesday, friends! It was another super-busy day in the tech world. I had my sights on Squarespace’s public debut, as well as the value of Coinbase’s stock, which may be tracking the price of bitcoin a bit more literally than some folks expected. And if you are a long-term crypto holder, congrats on the buying opportunity. If you are a short-term crypto holder, yes, you can have a drink now regardless of what time it is. — Alex

The TechCrunch Top 3

  • Whatsapp v. India: The scrap between Facebook’s Whatsapp service and the Indian government continued today as the nation-state “once again directed the Facebook-owned company to withdraw the planned update.”
  • Telehealth + fertility: Famous for its initial men’s health products, Ro (née Roman) purchased Modern Fertility today, a fertility-focused startup founded in 2017. Our question is how Ro’s telehealth approach will fit with reproductive health.
  • Squarespace flops: Squarespace’s direct listing set a reference price of $50, valuing the company sharply lower than its final private price ($10 billion, set earlier this year). Then its stock fell further.

From the TechCrunch Events side of things, Tess Hatch, a vice president and partner at Bessemer Venture Partners, is coming to Disrupt. Which is very hype.

Startups and VC

We’re shaking things up today and talking about product first and venture capital rounds second. Sound good?

First up is Otter.ai’s new product: Otter Assistant. It can transcribe your Zoom calls. For reporters, this is huge as a note-taking tool. But it will likely find even broader remit in the business world. Don’t forget that Otter raised $50 million just a few months ago. (For more on the voice transcription space, check out Deepgram’s 2020-era funding round.)

Second in the product category, Liquid Instruments has raised $13.7 million to bring its Moku:Go product to classrooms and labs everywhere. What does the Go do? It “combines several commonly used tools into one compact package, saving room on your workbench or classroom while also providing a modern, software-configurable interface,” TechCrunch reported.

Moving onto some purely financial coverage from startup-land, here are four neat rounds we dug into more deeply:

$20M for Assignar: Construction tech is a busy sector, not merely because the construction sector is itself rather active; the digital transformation push that we’ve seen around the business is also touching down in the world of mortar and bricks. Its software helps contractors and subcontractors “connect to the field and vice versa,” according to its CEO Sean McCreanor.

  • Why do we care? Fellow construction tech player Procore is going public as we speak. So the market that Assignar is playing in is active in both early- and late-stage terms.

$150M for Formlabs: 3D printing has come of age, it appears, as Massachusetts-based Formlabs closed a nine-figure round for its printing tech. SoftBank’s Vision Fund 2 led the round, which values the company at around $2 billion.

  • Why do we care? Formlabs wants to improve 3D printing machines while also making them cheaper. If it can pull that off, whole sectors could be shaken up.

$50M for Super: If you own a home, you are familiar with how rapidly entropy will ensure that you have a regular stream of repair bills. Why not convert those into a monthly subscription? That’s what Super is working to do, and now it has cash to pursue its vision after growing 7x since last April.

  • Why do we care? The subscription push is far more than merely an enterprise-software affair, or something related to consumer entertainment. Anything as a service is where we are in 2021.

$250M for Pipe: Pipe is a platform that allows companies to sell their future, predictable revenue streams to investors. It’s best known for working with SaaS companies, but is expanding into other business types as well.

  • Why do we care? Pipe has been growing at a torrid pace, and raising capital at a similar clip. It’s either onto something super huge, or the market for financial products is just bonkers for now. Either way, it’s an interesting option for software startups hunting for cash.

5 innovative fundraising methods for emerging VCs and PEs

According to David Teten, founder of Versatile VC, five new strategies are gaining traction among fund managers looking to raise capital from family offices and high-net-worth individuals:

  • Online communities and virtual events.
  • Platforms that help other investors access your fund.
  • Soliciting under the 506(c) designation.
  • Launching a rolling fund.
  • Crowdfunding from retail investors into a general partnership.

In a summary of a class he taught for the Oper8r VC fund accelerator, Teten offers actionable advice for anyone who wants to connect with pre-qualified investors.

(Extra Crunch is our membership program, which helps founders and startup teams get ahead. You can sign up here.)

TechCrunch Experts: Email Marketing

Intellect illustration

Image Credits: Getty Images

Extra Crunch is looking to founders for recommendations on email marketers to help us build a short list of top growth marketers in tech!

If you’re a founder and have an email marketer you enjoyed working with, we want to hear from you! If you’re a growth marketer, please pass this along to your clients.

Fill out the survey here.

We’ll share great recommendations publicly so more startups can find the help they need. Find more details at techcrunch.com/experts.

Big Tech Inc.

Today from the world of Big Tech, we’re pausing to listen to our own Editor in Chief Matthew Panzarino discuss the new iPad Pro, which he thinks has amazing hardware:

  • Screen: “The mini-LED-driven Liquid Retina XDR display is probably the best display that’s ever shipped on a mobile computer. It’s just fantastic.”
  • Speed: “The M1 chip is absolutely blistering.”
  • Imaging: “The new iPad Pro cameras are pretty fantastic; both front and back are now very usable and the new front camera especially benefits from an increase in resolution and new wide-angle optics.”
  • Keyboard: “The overall feel of the keyboard is still great, a really nice typing experience.”

But then there’s the software. Which Panzarino is not stoked about. It’s aging, he argues:

The other side of this coin that isn’t so shiny is the iPad’s aging software. It’s just as good as it was when I wrote my review of the iPad Pro in 2020 — at which point my conclusions were “you can adapt to it but it could be better.” That was a year ago. As someone who has used it as my only portable machine for the last two and a half years, I can tell you that this is a very long time to wait for a big leap forward in capability.

I have a very simple ask for the iPad’s software: I want to feel the same energy, vivacity and pure performance for the sake of peak performance that the hardware side exhibits.

Apple has now come to the crossroad that Microsoft tried to meet with Windows 8 and failed; how do you build an OS that serves either two form factors (touch and mobile, and desktop) well, or two OSs that can share enough third-party software so that neither is neglected? We’ll know more at WWDC.

Community

Turns out nothing announced this week will get you to move over to Android from iOS. Fair enough. Now we ask … what do you think is going on with cryptocurrency?

Have some thoughts to share? A story idea? Looking for a new gig? Come hang out with us on the Discord server.

News: Arrival’s Denis Sverdlov on the new era of car manufacturing

“I would also count myself as a serial entrepreneur because I’ve been doing this for more than 20 years.”

Electric vehicle company Arrival wants to break the current auto manufacturing model. Instead of one giant factory and an assembly line, Arrival’s commercial electric vans, buses and cars are robotically built in small, regional microfactories, of which the company wants to open 31 by the end of 2025.

If you want to achieve something radically more efficient, you have to go deeper, into complex, high-level computational algorithms that are not normally used in consumer-facing products.

The London-based company, founded in 2015, joined the ranks of EV companies going public via SPAC, merging with blank-check company CIIG Merger Corp. in March. UPS has already ordered 10,000 of Arrival’s robotically engineered vans, and the company recently signed a deal with Uber to create purpose-built EVs for ride-hail drivers.

Arrival founder Denis Sverdlov has been at the intersection of technological advancement and societal change before. Born in the nation of Georgia, Sverdlov founded his first company at 22 selling IT consulting software to enterprise customers. Since then, he has built and exited multiple companies, most notably telecommunications operator Yota Group. Founded in 2007, the same year the iPhone came out, Yota eventually launched a 4G network across Russia, coupling it with an HTC smartphone that would facilitate the use of the network. Sverdlov sold the company in 2012 for $1.5 billion, did a brief stint as the Russian deputy communications and mass media minister, and then went on to start Arrival. Oh, and he founded electric autonomous car race Roborace in 2015, too, just ‘cause.

With the same sense that fast, mobile internet and big screens would change the telecoms industry back in 2007, Sverdlov began to see a perfect storm brewing in the EV world over the last decade. In 2015, he founded Arrival in anticipation of a switch to electric as well as advancements happening in material, research and development in the robotics industry. He predicts this will have an even bigger impact on the automotive industry than 4G had on telecommunications.

TechCrunch: Denis, your first company was a telecom operator and you were behind the creation of Roborace. Now you’re trying to change the way the auto industry makes cars with Arrival. Are you a serial entrepreneur who is already thinking about the next thing? Or are you pretty involved in this one?

Dennis Sverdlov: Yeah, I’m quite involved with Arrival, and I expect to see many new technologies and enablers come out of this journey. For example, if you take our robotic technologies, which we use for microfactories, you can easily see how that will be used in other industries, as well, so it’s not going to be used only for automotive.

But as a company, we need to focus on what we do today because we need to achieve a lot here, and I think it’s important to focus on that. But, yeah, I would also count myself as a serial entrepreneur because I’ve been doing this for more than 20 years.

How do you think that your past business decisions have informed your current strategy with Arrival?

News: Wisk Aero files injunction in trade secret lawsuit against Archer Aviation

Electric aviation company Wisk Aero filed a motion for a preliminary injunction Wednesday in its ongoing lawsuit with rival electric air travel startup Archer Aviation. The injunction could put a serious wrench in Archer’s operations should the courts approve it. Wisk has asked the court immediately prohibit Archer from using 52 trade secrets that it

Electric aviation company Wisk Aero filed a motion for a preliminary injunction Wednesday in its ongoing lawsuit with rival electric air travel startup Archer Aviation. The injunction could put a serious wrench in Archer’s operations should the courts approve it.

Wisk has asked the court immediately prohibit Archer from using 52 trade secrets that it alleges were stolen by former employees who were later hired by Archer. The trade secrets “span the gamut of systems within the aircraft and processes for development,” a Wisk spokesperson told TechCrunch.

Archer did not respond to a request for comment by press time. TechCrunch will update the story if they do.

Given the widespread subject matter of the trade secrets, an injunction would likely limit Archer’s operations. The courts have not yet ruled on whether Archer misappropriated trade secrets, as Wisk alleged in its original filing on April 6. Wisk says it discovered the trade secret theft after it sent the work laptops of a departing employee to an outsider investigator, who discovered that the employee had downloaded nearly 5,000 files. This employee is now a senior power electronics engineer at Archer.

The Federal Bureau of Investigation and the U.S. Department of Justice is conducting a separate federal investigation into Archer based on Wisk’s trade secret allegations.

Archer said in a filing with the U.S. Security and Exchange Commission that it had “placed an employee on paid administrative leave in connection with a government investigation and a search warrant issued to the employee.”

The injunction hearing has not been scheduled. It will likely to occur within the next few days due to the nature of the request. The suit was filed in the U.S. District Court for the Northern District of California under case no. 5:21-cv-2450.

News: Dear Sophie: What’s happening with visa application receipt notices?

Our startup has several employees on work visas or employment authorization. Many have been waiting for quite a while for the government to tell them their applications have been received. Why?

Sophie Alcorn
Contributor

Sophie Alcorn is the founder of Alcorn Immigration Law in Silicon Valley and 2019 Global Law Experts Awards’ “Law Firm of the Year in California for Entrepreneur Immigration Services.” She connects people with the businesses and opportunities that expand their lives.

Here’s another edition of “Dear Sophie,” the advice column that answers immigration-related questions about working at technology companies.

“Your questions are vital to the spread of knowledge that allows people all over the world to rise above borders and pursue their dreams,” says Sophie Alcorn, a Silicon Valley immigration attorney. “Whether you’re in people ops, a founder or seeking a job in Silicon Valley, I would love to answer your questions in my next column.”

Extra Crunch members receive access to weekly “Dear Sophie” columns; use promo code ALCORN to purchase a one- or two-year subscription for 50% off.


Dear Sophie,

Our startup employs several individuals who are on work visas or have employment authorization. Many of them have been waiting for quite a while for the government to tell them their applications have been received.

Why? When will things be back on track? We have a few employees who are waiting for green cards, and a few F-1 visa holders who will be extending their OPT to STEM OPT.

Is there anything we can do?

— Patient in Pasadena

Dear Patient,

Thanks for your questions. Last September, an increase in applications submitted to U.S. Citizenship and Immigration Services (USCIS) amid COVID-19-related staff reductions created a substantial backlog and subsequent delay in USCIS sending out receipt notices.

My law firm partner, Anita Koumriqian, and I provided an update on receipt notices on a recent podcast. Dedicating an entire episode to receipt notices was unthinkable a year ago because applicants usually received receipt notices within one to three weeks after USCIS received their application.

For those who don’t know, USCIS sends a letter called a receipt notice to applicants when it receives an application. The receipt notice — also known as a Notice of Action or Form I-797 — contains information about:

  • Whether the application was accepted, in which case you will be notified of how it will be processed, or rejected if it was not filed appropriately, such as not using the latest form or forgetting to check a box on the application form.
  • A receipt number, which can be used to check the status of your case either online or by phone.
  • The date your application was received, which for most green card applications is the priority date. (Priority dates for the EB-2 and EB-3 green cards are when the Labor Department received the PERM Labor Certification application.) A priority date determines your place in line for a green card number to become available based on the green card category and the green card candidate’s country of birth.

What caused the backlog?

Before the pandemic, applicants would typically be notified in less than one month after USCIS received their application. Currently, applicants are receiving their receipt notice as long as eight to nine weeks after USCIS received their application, and sometimes longer.

As I mentioned earlier, coronavirus-related staffing reductions at USCIS coupled with a substantial jump in the number of applications submitted prompted huge delays that began in September. Application submissions surged primarily due to:

  • Anticipation of fee hikes that were slated to go into effect on October 2, 2020, before being blocked by a federal court judge.
  • Rapid forward movement in the monthly Visa Bulletin for some green card categories, which meant green card numbers became available to many waiting in line.

News: ‘It’s almost like placing an IV’: Brain monitoring electrode receives FDA 510(k) clearance

An FDA pathway that’s greased the gears for COVID-19 vaccines and drugs has paved the way for something else: a new take on electroencephalography (EEG), the established brain-monitoring technique in which metallic electrodes are placed on the scalp to measure the brain’s electrical activity.  On May 17, DC-based startup iCE Neurosystems announced a version of

An FDA pathway that’s greased the gears for COVID-19 vaccines and drugs has paved the way for something else: a new take on electroencephalography (EEG), the established brain-monitoring technique in which metallic electrodes are placed on the scalp to measure the brain’s electrical activity. 

On May 17, DC-based startup iCE Neurosystems announced a version of FDA approval for a subcutaneous electrode called iCE-SG, designed to monitor the brain’s electrical activity from beneath the skin of the scalp. That electrode comes on the back of a 2020 Emergency Use Authorization (EUA) for iCE Neurosystems’ software platform called iCEWav, which was used in a D.C. area hospital to monitor the brain activity of patients in medically-induced comas during the Covid-19 pandemic. 

iCE Neurosystems electrode and software are, essentially, a new take on traditional EEG. The electrode is designed to sit beneath the scalp for days and analyze brain activity, and the software component is designed to integrate that data with vital signs like heart rate or blood pressure. 

“For the first time we’ve got this massive, high-fidelity, continuous, integrated data set from both brain and body,” says Alan Waziri, a neurosurgeon and company co-founder. “That allows us to really understand what’s happening in the brain to drive timely clinical decisions, and fundamentally change outcomes for these patients.” 

iCE was founded by Waziri and colleagues from his time as a resident at Columbia University Medical Center in 2017. As of 2021, the company has nine fulltime employees, and has raised a total of $4.5 million, including a recent round of $2.95 million from private investors in April 2021. 

The subcutaneous electrode and software combination is part of iCE Neurosystems bigger picture: to create a full platform for continuous monitoring of the brain. 

There are examples of use cases where continuous monitoring may prove beneficial. For instance, a 2019 New England Journal of Medicine study suggested that specialized EEG monitoring might detect signs of consciousness in otherwise unresponsive patients. That study was authored by Jan Claassen the director of Critical Care Neurology at Columbia who is also co-founder and minority shareholder at iCE Neurosystems. 

Another 2019 paper suggests that continuous monitoring via EEG was associated with fewer deaths in hospitals. But only 22,728 of the over 7 million people analyzed in the study had access to continuous EEG. 

Waziri’s aim is to increase that number. Subcutaneous electrodes, he’s betting, are a first step. The iCE-SG electrodes should be easy to install and don’t require the technical expertise usually required to prepare and administer an EEG, explains Waziri. Other scientists have also noted technical expertise needed to use and interpret traditional EEG is cumbersome and has stood in the way of long-term EEG monitoring. 

FDA approval documents note that the iCE-SG devices are approved to remain beneath the skin for 14 days, but Waziri says he’s obtained continuous monitoring of brain activity for up to 35 days. A long-term EEG analysis, by comparison, might last several days. 

“It’s almost like placing an IV,” Waziri says. “Basically a routine clinician at the bedside can place these in under five minutes.”

On the other hand, the platform alone can’t address the need for expertise to interpret this data. Waziri’s answer to that question is to make this data shareable.

Within a hospital, data collected by platform is stored on the cloud. However, a hospital could opt into sharing data on another platform iCECloud Knowledge with other medical institutions. 

“From participating institutions, all the data we collect gets put in there and is made available to anyone who is using our system,” he says. “Our goal is to almost kind of crowdsource the analysis of the data.”

So far, iCENeurosystems has pursued two forms of FDA approval for the software and the electrode. 

The electrode and the full platform have received FDA premarket approval through the 510(k) pathway – a type of pre-market approval that allows a medical device to go to market without additional FDA review because it’s substantially similar to other products already on the market (In this case, that tech is a traditional EEG). The iCEWav system was granted 510(k) approval in March 2020 and the electrode received it in March 2021

This pathway is one of the most expedient ways to get a medical device onto the market, but has also faced criticism because it doesn’t require a device to be tested for safety or efficacy through clinical trials. Waziri says there “haven’t been any complications” from the devices. 

Additionally, iCEWave has done time in the clinical setting in a major D.C. hospital, though Waziri won’t disclose which one. 

In early 2020, the DC based startup iCE Neurosystems was in the midst of testing iCEWav when the pandemic hit. Some Covid-19 patients required intense cardiopulmonary support that required use of medically induced comas. Technicians typically use EEG to monitor these patients, but iCE Neurosystems also received a trial run, says Waziri, as the hospital was looking for long-term methods of monitoring patients brain activity without having technicians visit multiple times per day. 

“They had our system in place because we were running a clinical trial in patients with cardiac arrest, and they asked us if they could use the system for monitoring their critically ill COVID patients. They actually applied to the FDA and the FDA granted emergency use authorization for the software,” Waziri says. 

So far Waziri and iCENeurosystems hasn’t published any peer-reviewed data from that trial at the D.C. area hospital, but he says the company has two forthcoming manuscripts. 

Meanwhile, Waziri says that iCE Neurosystems is working towards getting more devices into more hospitals. He says they’re in talks with an additional five hospitals, with the goal of beginning a Series A funding raise in mid 2022. 

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