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Tealium Closes $55M Funding Round

TECH: Customer Data Platform Casts Big Net Across SystemsSan Diego-based software company Tealium closed a $55 million funding round May 15. The new funds will help Tealium grow as the competition heats up Chief Financial Officer Doug Lindroth said.

Viasat Gets $10M Military Satellite Contract

Viasat Inc. said it received a contract to build a low Earth orbit satellite for the U.S. military’s Link 16 radio system. The Space Enterprise Consortium of the U.S. Air Force made the $10 million award.

Latest Solution to Local Housing Crisis: Granny Flats

PROPERTY: Housing Commission Estimates Room for 5,500

Granny flats are being looked at by the San Diego Housing Commission as one way to help ease the region’s housing crisis.

A Sound Business Model: LRAD Grows Revenue 30 Percent

DEFENSE: Rancho Bernardo Business Bought Back $2.2M of Its Stock

LRAD Corp., the maker of Long Range Acoustic Devices able to deliver sound over great distances intelligibly, reported net income of $1.18 million, or 4 cents per share, on total revenues of $10.2 million during its second quarter, which ended March 31.

Tenants Find Class A Spot at Tower 180

OFFICE: Blue Bottle, Mendocino Farms Will Move In

With $55 million of redevelopment work still under way, the 25-story downtown San Diego office building that’s been renamed Tower 180 has signed up two tenants for some of the retail space.

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Procopio’s LaunchPad To Host 5 Startups

LEGAL: Incubator Includes Legal Services Office Space, IP Advice

After expanding its offices earlier last fall, Procopio is hosting five startups at its LaunchPad incubator at the firm’s Del Mar Heights location. The nine-month program provides technology startups with office space and legal services, including assistance with valuation and intellectual property protection.

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Office Bridges Gap Between Discovery, Therapeutics

HEALTH: Arm of Moores Cancer Center Holds Annual Symposium

A department at UC San Diego Health’s Moores Cancer Center is known for putting on a symposium to translate groundbreaking oncology discoveries into therapeutics.

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The Park Bankers Hill Rises Above Its Critics

PROPERTY: Project Has Sold About 41 Of Its 60 Condos

Despite being panned with an Onion award for its architecture, the pricey The Park Bankers Hill condominiums are an apparent hit with buyers who are more interested in its views and amenities than snarky reviews.

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Tiled Raises An Additional $1.5M, Hires Former Adobe Exec

Tiled, a startup that lets users make interactive marketing content, raised a $1.5 million seed round led by Kickstart Seed Fund.

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Chinese Pharma Co. Expands Its CRO Role in San Diego

PHARMA: Acquisitions Part of CRO Consolidation Trend Locally, Nationwide

WuXi AppTec is making moves in San Diego. The Chinese pharmaceutical company earlier this month bought San Diego-based Pharmapace.

Bankers Hill Apartments Go Back to the Future

HOUSING: Owner Repositions Property As Condominiums

Harkening back to the heady pre-recession days of the housing boom, a San Diego developer has converted a Bankers Hill apartment complex into condominiums that are selling at a price well below newer projects in the neighborhood.

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AmpliPhi Biosciences Merges With Marina Del Rey Company

M&A: Co. Will Operate as Armata Pharmaceuticals

Two companies, new name. San Diego-based AmpliPhi Biosciences and Marina del Rey’s C3J Therapeutics have merged, operating as Armata Pharmaceuticals, focused on antibiotic-resistant infections.

AT&T Cuts San Diego Technician Jobs

AT&T Inc. is laying off 101 employees in San Diego County, representatives of the employees’ labor union said earlier this month. The cuts affect premises technicians who install new services and make repairs.

Tech Coast Angels Invest $10.8 Million in 2018

FUNDING: Investment Cycle Could Be Reaching Its End, Chairman Says

Tech Coast Angels, an angel investment group with five chapters across Southern California, invested $10.8 million into 58 startups last year. The total amount invested decreased slightly from 2017, when the group invested $14.2 million into 43 companies.

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Flux Power Puts Money into R&D, Reports Quarterly Loss

ENERGY: Battery Maker Plans to Move to Larger Facility

Flux Power Holdings Inc., which produces advanced lithium batteries for small industrial vehicles, reported a net loss of $3.8 million, or 8 cents per diluted share, on net revenue of $1.75 million during its third quarter, which ended on March 31.

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