SD TECHNOLOGY

Recent and archived news stories on: Alternative Energy, Automotive, Computing, Engineering, Internet, Nanotech, Software, Telecom, Wireless...

A Sound Business Model: LRAD Grows Revenue 30 Percent

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

Deploying AI at Hospitals Is Delicate Operation

HEALTH: Hospitals Grapple With Use, Costs and Concerns

Rady Children’s Hospital holds a world record for fastest genomic diagnosis. Instrumental in the feat: artificial intelligence.

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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.

Tealium Closes $55M Funding Round

TECH: Customer Data Platform Casts Big Net Across Systems

San 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.

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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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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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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.

Halozyme Reports Revenue Of $56.9 Million for First Quarter

BIOTECH: Co. Gets Licensing Fee From Argenx

San Diego-based Halozyme reported higher revenue and net income in first quarter results, thanks to the company’s platform technology. Looking forward, the company is heading for an inflection point.

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Hot Office Market Continues to Shape Scene

OFFICE: Monthly Rents Expected to Rise 3% to 4% By Year’s End

Demand for office space is getting ever more intense, according to a report from the commercial brokerage firm Colliers International.

Transportation Projects Drive Cubic Corp. Forward

TECH: Electronics Specialist Has 40% of Revenue From Defense

Kearny Mesa-based Cubic Corp. reported 21 percent year-over-year growth in sales from January to March 31.

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San Diego Software Tealium Raises $55 Million

Tealium raised $55 million in a series F round that closed on Wednesday.

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Takeda’s New Site to Help Promote Key Relationships

life science: Also On the Move, BioLegend Claims Entire Street

Two biotechs, Takeda Pharmaceutical Co. and BioLegend, recently opened new campuses in San Diego.

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Section 32 Makes Its First San Diego Investment

TECH: VC Led $5.3M Round for MedCrypt

Section 32, the local venture fund started by former Google Ventures founder Bill Maris, made its first San Diego investment May 7. The firm led a $5.3 million Series A round in MedCrypt, a San Diego cybersecurity startup that helps medical device vendors ensure their devices are secure. Previous investors Eniac Ventures and Y Combinator also participated in the round.

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Qualcomm Strikes 5G Licensing Deal with Nokia Owner

HMD Global, which makes Nokia phones, signed a licensing agreement with Qualcomm to be able to use its 5G technologies.

Executive Q&A: Silvia Mah, Connect With SDVG

STARTUP: Leader Tells Cos. to Start Taking Action Within Weeks

Silvia Mah joined Connect as its president and chief operating officer in March. The nonprofit, which recently merged with San Diego Venture Group, hosts one of San Diego’s oldest accelerator programs, Springboard.

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Qualcomm Gives Execs Big Stock Bonus After Apple Settlement

Steve Mollenkopf was awarded 40,794 fully-vested shares of company stock.

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