TECHNOLOGY: Qualcomm Moves on Automotive Business as Smartphone Sales Slow
Look closely enough, and you might see Qualcomm Inc. testing self-driving cars on its Sorrento Valley campus. The San Diego-based chipmaker acquired a testing permit from the Department of Motor Vehicles in 2017, and converted a vacant parking lot into a roundabout to take its technologies out for a spin.
Portfolium sold to Salt Lake City-based education software company Instructure for an undisclosed amount.
STARTUPS: San Diego Accelerator Teams Up With Viasat, Cubic for Program
San Diego tech accelerator EvoNexus has gained a new corporate backer. Cubic Corp., a San Diego company that develops defense and transportation systems, will join the accelerator for the first time to launch an application round with Viasat Inc.
Hera Hub will open a new coworking space in Temecula.
San Diego sales software companies started 2019 off strong, with Seismic reporting $100 million in revenue, another notch toward a potential IPO. A younger software startup, LionDesk, also has ambitious plans.
FINANCE: Company Is Able to Avoid Harsh Penalties for Delinquencies
An under-the-radar San Diego e-commerce startup is looking for creative solutions to provide credit for underbanked customers.
JuneShine, a one-year-old kombucha startup, moved into Ballast Point's former Scripps Ranch facility after closing a seed round of funding.
Qualcomm sold its Qualcomm Halo IP assets to WiTricity.
TuSimple, a self-driving truck company, became the latest San Diego startup to be valued above $1 billion.