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May 13, 2020Client Alerts
CARES Act: Small Business Loan Program Update

On May 13, 2020, the U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, issued additional guidance (including a new safe harbor) regarding the certification required of all PPP borrowers that “[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.”

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May 5, 2020Client News
Cockroach Labs Raises $86.6M Series D

Gunderson Dettmer client Cockroach Labs, developer of an ultra-resilient open source database, raised its Series D financing. The $86.6 million financing was co-led by Altimeter Capital and BOND with participation from Benchmark, GV, Index Ventures, Redpoint Ventures, FirstMark and Tiger Capital.

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May 4, 2020Client News
Cumulus Acquired by Nvidia

Gunderson Dettmer client Cumulus, a provider of a network operating system that enables web-scale networking, was acquired by Nvidia.

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May 4, 2020Client News
Instabug Raises Series A

Gunderson Dettmer client Instabug, which provides mobile developers real-time insights throughout the lifecycle of the mobile app, raised its Series A financing. The $5 million financing was led by Accel and included participation from Amr Awadallah, co-founder of Cloudera and Jim Payne, founder and CEO of MoPub.

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May 4, 2020Client News
Orbis Biosciences Acquisition by Adare Pharmaceuticals

Gunderson Dettmer client Orbis Biosciences, a pharmaceutical company that integrates technology to create products that are safer and more effective than current treatment options, was acquired by Adare Pharmaceuticals.

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May 1, 2020Client News
Andreessen Horowitz announces $515M Crypto Fund II

Gunderson Dettmer represented Andreessen Horowitz in the formation of its second fund focused on investments in crypto networks and businesses, CNK Fund II, L.P. The fund raised $515 million in associated capital commitments.

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April 28, 2020Client News
Docupace Aquired by FTV Capital

Gunderson Dettmer client Docupace, a developer of cloud based software that increases the efficiency and profitability of financial services professionals, was acquired by FTV Capital.

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April 27, 2020Client News
TenaFe Raises $29M Series A Financing

Gunderson Dettmer client TenaFe, a solid- state drive (SSD) controller developer, raised a $29 million USD Series A financing co-led by China’s Northern Light Venture Capital (NLVC) and Eight Roads Ventures.

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April 23, 2020Client News
Affinivax raises $120M Series B

Gunderson Dettmer represented Affinivax, a vaccine development company focused on protections against infectious diseases, in its $120 million Series B financing led by Viking Global Investors. Other investors included Bain Capital Life Sciences and Ziff Capital Partners.

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April 23, 2020Client Alerts
CARES Act: Small Business Loan Program Update

SBA and Treasury Provide Additional Guidance on Necessity Certification for Paycheck Protection Program (PPP)

On April 23, 2020, the U.S. Small Business Administration (SBA), in consultation with the Department of the Treasury, issued new guidance on the certification required of all PPP borrowers that “[c]urrent economic uncertainty makes this loan request necessary to support the ongoing operations of the Applicant.”

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April 22, 2020Client Alerts
California Consumer Privacy Act: California-Based Employees and Job Applicants

This alert is the first in our series of Privacy Topics: Practical Guidance from Gunderson Dettmer – a collection of practical privacy and data security guidance and accompanying materials designed to facilitate your company’s compliance efforts. Today’s alert focuses on the rights of CA-based employees (including job applicants) under the California Consumer Privacy Act (CCPA) as it stands on April 22, 2020.

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April 20, 2020Client News
Updata Partners closes sixth fund

Gunderson Dettmer represented Updata Partners in the formation of its sixth fund, Updata Partners VI, L.P. with over $308 million in capital commitments.

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April 16, 2020Client News
Amgen partners with LifeMax Laboratories in the formation of AmMaxBio, Inc.

Gunderson Dettmer represented Amgen in connection with the launch of AmMax Bio, in partnership with LifeMax Laboratories. In the transaction, Amgen provided to AmMax an exclusive worldwide license for the right to develop, manufacture and commercialize AMG 820, a monoclonal antibody against the colony-stimulating factor 1 receptor (“CSF-1R”) that has completed Phase I/II clinical studies in solid tumors.  AmMax Bio will focus on treating orphan diseases.

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April 16, 2020Client News
Yellow Messenger Raises $20M Series B

Gunderson Dettmer client Yellow Messenger, a conversational AI platform for customer engagement, raised its $20 million Series B financing that was led by Lightspeed Venture Partners.

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April 14, 2020Client News
Gunderson Dettmer Advises Natera, Inc. on Convertible Note Offering of Over $285 Million

Gunderson Dettmer advised Natera, Inc. in a Rule 144A offering of over $285 million aggregate principal amount of convertible senior notes due. Public Offerings/Public Companies Partners Jeffrey R. Vetter and Jeffrey C. Thacker, corporate partner John Dietz and associates Ryan J. Gunderson, Leanne A. Gould and Matthew K. Rietfors led the team advising Natera.

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April 14, 2020
Zetta Venture Partners Announces New Fund

Gunderson Dettmer client Zetta Venture Partners, the first firm exclusively focused on AI, announced the closing of its third fund, with $180 million in capital commitment.

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April 9, 2020Client News
Cohesity Raises $250M Series E Financing

Gunderson Dettmer client Cohesity, a company dedicated to simplifying data management, raised its Series E financing totaling $250 million led by DFJ Growth, Foundation Capital, Greenspring Associates, and Wing Venture Capital.

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April 6, 2020Client Alerts
California Consumer Privacy Act – April 2020 Update

This client alert provides an update about the California Consumer Privacy Act (CCPA) as it stands on April 6, 2020. As of this date, the California Attorney General’s office has indicated that it does not plan to delay the July 1, 2020 enforcement date due to the current COVID-19 pandemic.  We recognize that many companies are currently busy dealing with the impact of COVID-19. With the CCPA enforcement date fast approaching, we can help make sure you have the resources you need to keep your compliance efforts on track and in line with current best practices. Please note that this is not a comprehensive review of the CCPA and its requirements – for information tailored to your specific circumstances, please contact your Gunderson attorney.

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April 3, 2020Client Alerts
CARES Act: Small Business Loan Program Update

Department of Treasury Releases Updated Paycheck Protection Program Fact Sheet and Loan Application; SBA Publishes Interim Final Rule on Paycheck Protection Program

Yesterday, the U.S. Department of the Treasury released an updated application for small business loans under the new $349 billion Paycheck Protection Program (“PPP”), as well as an updated fact sheet reflecting an increase in the interest rate of the loans from 0.5% to 1.0%.

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