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.
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.
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.
The Academy of Our Lady of Peace has received a $2 million donation from Darlene Marcos Shiley. This is the largest cash gift ever received by OLP.
San Diego saw seven IPOs in 2018, largely dominated by life sciences companies.
Last year after a holiday dinner, Marina Qutab’s father asked her what she hopes her legacy would be.
Kratos Defense and Security Solutions Inc. said on Dec. 12 that it is a subcontractor to Space Vector Corp. on a rocket project that may last up to seven years. The financial implications to Kratos (Nasdaq: KTOS) were not immediately clear.
JMI Equity raised $1.2 billion for its ninth fund. It will continue to invest in fast-growing software companies.
Viasat Inc. has entered an agreement with Sandler Partners that will let Sandler resell the Carlsbad company’s satellite internet service to business customers. Financial terms of the deal were not disclosed.
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.
Mission Federal Credit Union has named Jojo Seva as its chief information officer, making the announcement on Dec. 10. Seva is a recognized leader in core banking system technology, artificial intelligence, enterprise digital transformation and information security.
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.
RF Industries, which makes specialized electronic connectors, said it increased annual sales 87 percent in the recently ended fiscal year. Fiscal 2018 sales were approximately $58 million, compared to $31 million in fiscal 2017.