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Temasek Funds New AI Effort In San Diego, Aicadium

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Singapore-based investment firm b>Temasek says it is funding and has launched a new, artificial intelligence startup that is headquartered in San Diego and Singapore, called Aicadium. The new startup will focus on developing a common machine learning platform to deliver AI-as-a-Service from discovery to deployment.

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ServiceNow Eyes San Diego Investments As Part Of $100M Fund

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ServiceNow, the digital workflow and service management software developer which has operations in San Diego, said today that it has launched a new $100M investment fund, part of which will look at investments in San Diego.

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K1 Investment Management Sells San Diego's FMG Suite

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Los Angeles-based private equity investor K1 Investment Management said this morning that it has entered into an agreement to sell San Diego-based FMG Suite to another private equity ivnestor, Aurora Capital Partners. Financial terms of the deal were not announced. billion.

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Crown Bioscience Expands In San Diego

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Crown Bioscience , a provider of drug discovery and development services, said this morning that it has expanded in San Diego, creating a new "Center of Excellence for Oncology" in the city. Crown Bio said it has tripled its facility space in San Diego to 22,000 square feet, which meet Biosafety Level 2 requirements.

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K2 Insurance Services Buys Software Company Loss Run Pro

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San Diego-based K2 Insurance Services, which owns a number of insurance services companies, said it has acquired software developer Loss Run Pro. Loss Run Pro develops subscription-based software that helps request, track, and manage loss runs. Financial details of the acquisition were not announced.

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Munchery Expanding Same Day Delivery To San Diego

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San Francisco-based meal delivery startup Munchery said this week that it is adding same day, meal delivery of its pre-made meals to San Diego. The company develops ready-to-cook meals via subscription, which are aimed at feeding two people, without any time consuming prep work, and were designed by chefs. READ MORE>>.

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Lockerz Axes Plixi Team In San Diego

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Lockerz , the Seattle-based social shopping and e-commerce site backed by Kleiner Perkins Caufield & Byers, has axed the company's San Diego office, in addition to laying off around 30 percent of its staff.

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