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3D Robotics, a maker of small unmanned aircraft which it hopes to sell to businesses, said that it received $50 million in a series C funding round led by Qualcomm Inc. (Nasdaq: QCOM).
SOFTWARE: Exposure To Smoke, Chemicals And More Is Logged
Sometimes business plans take a detour.
BREWING: Ballast Point, And Others Keep Growing
Few local beer makers had a growth ride on par with San Diego’s Ballast Point Brewing & Spirits during 2014.
Isis Pharmaceuticals Inc. reported a significantly improved fourth quarter net income of $31 million, up from a net loss of $24.3 million in the same quarter last year.
Tandem Diabetes Care Inc., a medical device company and manufacturer of insulin pumps, announced in a statement Tuesday that it intends to raise $60 million in an underwritten public offering.
Cohu Inc., the Poway maker of test equipment for semiconductor manufacturers, reported net income of $374,000 on net sales of $96.2 million for its fourth quarter, which ended on Dec. 27. In the same quarter one year ago, the company reported a net loss of $6.5 million on net sales of $61.1 million.
Aircraft: Public Comment Period Is Now Taking Place
Businesses might not deliver packages or pizzas by drone quite yet, but the Federal Aviation Administration is taking a step toward the commercial use of small unmanned aircraft.
San Diego County’s craft beer breweries and brewpubs generated $600 million in regional economic impact during 2014, a doubling since 2011, according to the latest updated report by National University System Institute for Policy Research.
Kratos Defense & Security Solutions Inc. said that one of its divisions received a $17 million contract.
The State Department said on Feb. 17 that it is changing its export rules covering unmanned aircraft.
The U.S. Army awarded Palomar Display Products an indefinite-quantity contract that could be worth up to $28.6 million over five years.
San Diego-based IriSys LLC has raised $6.3 million in equity financing, according to a recent filing with the Securities and Exchange Commission.
BUILDING: Engineers Busy With Environmental Healing
Rising demand for new apartments in the region’s urban-core neighborhoods has quickened the pace of new project assignments for SCS Engineers and its competitors who advise developers on ways to put old contaminated sites to new uses in environmentally friendly ways.
ENERGY: Companies Boost Hiring, Preparing To Meet Deadlines
The looming expiration of California’s incentive program for installing solar energy systems may inspire a boom in solar business as consumers rush to install new projects.