STARTUPS: ThinkTank Launched First Cohort In December
Already a hub for San Diego’s startups, University City has landed a new coworking space and a new startup incubator.
By the end of January, retail giant Walmart will have 360 floor scrubbers powered by Brain Corp.’s AI technology. The BrainOS platform teaches commercial cleaning machines to become self-driving.
Netradyne, a San Diego-based startup that makes software for commercial fleets, will work with its longtime partner to develop HD maps for self-driving cars.
Two former Silicon Valley investors have launched a San Diego-based tech fund. Sheldon Lewis and Bobby Ocampo co-founded Blueprint Equity Partners, which focuses on investing in tech companies in secondary markets, outside of San Francisco, New York and Boston.
San Diego saw seven IPOs in 2018, largely dominated by life sciences companies.
Apple Inc. plans to open a new site in San Diego, that will add 1,000 jobs over three years.
JMI Equity raised $1.2 billion for its ninth fund. It will continue to invest in fast-growing software companies.
Analytics Ventures, a San Diego venture studio, added an AI platform for stock trading to its portfolio.
San Diego IoT startup Sensemetrics closed a series A round led by X2 Equity.
Connect, San Diego’s oldest startup accelerator, recognized seven companies with ground-breaking technologies on Nov. 29. This year’s winners designed products that are better, faster and stronger than the competition.
China banned the sale of several older iPhone models after a court found Apple violated two of Qualcomm's patents.
Mitek Systems will cut its chief operating officer in January. Mitek also received a bigger offer from ASG Technologies, which has been looking to buy the company.
From the dot-com bubble burst to selling her company, Kim Perell has seen a little bit of everything as an entrepreneur.
Qualcomm will cut 125 employees from its offices in San Diego and Raleigh.
TECH: Subscription Model Connects Vendors And Builders to Utilities
A lack of competition in bidding for utility projects drove Glenn Oliver to create his own business.
French software company Inside Secure plans to acquire San Diego-based Verimatrix for $143 million.
Lam Research CEO Martin Anstice left the company due to misconduct allegations. The newly elected member will also leave Qualcomm's board.
Netradyne, a San Diego AI startup focused on fleet safety, will partner with Hyundai to make HD maps for autonomous vehicles.
After closing a $20 million funding round, Airspace Technologies Inc. is getting ready for takeoff. The San Diego-based logistics startup closed a series A round led by Scale Venture Partners on Nov. 15.
TECH: CEO Says Too Early for Any IPO Decision
Seismic is laying the groundwork for big moves in the future. The fast-growing San Diego software company named its first chief financial officer in October.
San Diego-based firm HCAP Partners is raising a $150 million fund to help small- and medium-businesses add jobs.
Brain Corp. will install its AI technology in hundreds of cleaning robots for a big national retailer.
TECH: Makes Connections, Money Supporting Ecosystem
Qualcomm's core business relies on its ability to innovate and anticipate future technologies. But even a company of Qualcomm’s size can’t build everything. That’s where Quinn Li comes in.
Connect honored seven companies with its "Most Innovative Product" award on Nov. 30.
Qualcomm Inc.'s busy week included reports of a potential settlement with Apple, Paul Jacobs' hopes to take the company private, and a new $100M AI fund.
Silvergate Bank, a San Diego-based bank with a focus on digital currencies, is looking to go public. Parent company Silvergate Capital filed with the Securities and Exchange Commission on Nov. 16 to raise $50 million through an initial public offering.
A little bit of extra space will allow San Diego law firm Procopio to expand its incubator for tech startups.
Classy, a San Diego company that builds fundraising platforms for nonprofits, saw a record number of donations made to its clients on Giving Tuesday.
TECH: Bulk of Funds Stem From ICO; Co. Issues Utility Tokens
Conference-goers streamed into the back of the conference room at the InterContinental San Diego. Decked out in branded T-shirts, socks and hats, they watched as XYO Network’s founders stood on the stage, lit up in pink and yellow.
Qualcomm plans to invest $100 million into artificial intelligence startups, focusing on companies withe edge AI capabilities.
Seismic hired John McCauley, the former director of finance for ServiceNow, as its first CFO.
San Diego-based AI startup Brain Corp. plans to launch a new autonomous vacuum cleaner in Japan.
Mitek System's CFO rescinded his resignation from the San Diego software company.
Procopio is seeking more startups to join its incubator for tech startups, LaunchPad.
Symbotic, a company that develops autonomous robots for warehouses, will close its plant in Oceanside.
TRAVEL: Incubator Looks to Help Cos. and Airports Tap Innovation
A small crowd filed in between the baggage claim and ticket desks at the San Diego International Airport. It wasn’t part of the airport’s annual Thanksgiving rush, but arrived instead to watch five startups deliver their pitches.
The San Diego International Airport is looking to make parking, and hauling luggage between trips, less of a pain. Its new Airport Innovation Lab graduated its first cohort of startups Nov. 14, all of which focused on improving one of these two pain points.
Finding funding is tough. The challenge can be especially daunting as a startup seeking its first investor to write a check. Four San Diego founders shared their advice for landing that first deal.
ScaleMatrix, a San Diego-based data center company and provider of colocation services, launched a partnership with Hewlett Packard Enterprise (HPE) on Nov. 13.
Years of steady growth carried Certona from its beginnings as a tech startup in small warehouse space to one of San Diego’s top software companies.
A San Diego cybersecurity company named a new CEO on Nov. 20, after making its founder chief technology officer of the company.
Silvergate Bank's parent company, Silvergate Capital, filed for a $50 million IPO on Friday.
SOFTWARE: More Than 100 Data Points Tracked In Brewing Biz Processes
Water, hops, grain and yeast. Pulkit Agrawal became familiar with beer’s four main components while working for San Diego’s largest brewery, Ballast Point.
Elliott Management Corp., the activist investor whose portfolio company is trying to acquire Mitek Systems Inc., urged Mitek to lift a measure that could prevent a hostile takeover.
Airspace Technologies, a Carlsbad logistics startup, closed a $20M series B round.
LEGAL: Key Legal Rulings Are Expected in 2019
Qualcomm Inc. and Apple Inc.’s all-out patent war faces a legal crossroads next year.
Four San Diego investors launched their own reality TV show, "VCs in a Van," showing how startup investments take place offstage.
Leaders of San Diego startup and investment organizations shared what they are working on to advance representation through their work, and what opportunities they see in San Diego. They shared their thoughts during a Nov. 13 panel discussion hosted at Connect’s offices downtown.
San Diego data center company ScaleMatrix will partner with Hewlett Packard Enterprises to open a new center for hybrid high-performance computing.