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San Diego Innovation Economy Extended Gains in 2015: Connect Report

Xconomy

San Diego’s innovation clusters continued to grow in 2015, as local startups, funding deals, and job growth extended an economic growth spurt that began in 2013. The Connect Innovation Report found that 405 software, technology, and life sciences startups were created last year in San Diego County.

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Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

Plug and Play San Diego has formed a partnership with Downtown Works, a new co-working space in downtown San Diego, which will give the local Plug and Play program a place to call home. Among other things, they get an opportunity to pitch to investors and industry representatives at Plug and Play’s quarterly “expo” event.

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Social Fund-raising Website GoFundMe Buys Detroit Rival CrowdRise

Xconomy

GoFundMe, the Redwood City, CA-based fund-raising platform for charities and nonprofits, has acquired CrowdRise , a Detroit, MI-based rival founded by entrepreneurs Robert Wolfe and Jeffrey Wolfe, and Hollywood philanthropists Edward Norton and Shauna Robertson. Brad Damphousse and Andy Ballester founded GoFundMe in San Diego in 2010.

Funding 40
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Inhibrx, Fresh Off $40M Funding to Advance Cancer Drugs, Eyes IPO

Xconomy

The La Jolla, CA-based company, which is developing protein drugs targeting cancer and other diseases, was founded in 2010. Read more about the company’s history and its recent $40 million financing round hedge fund Viking Global Investors here.

Funding 79
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Aquam Raises $26M to Expand Tech, Services for Aging Infrastructure

Xconomy

Aquam, a San Diego company with technology for cleaning out and re-lining aging utility pipelines, has raised $26 million in a growth capital round led by NewWorld Capital Group , a New York private equity firm that makes investments in sustainable energy and natural-resources related deals.

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Murata Pays $68M for Arctic Sand, to Combine with Peregrine Semi

Xconomy

Japan’s Murata Manufacturing has acquired Arctic Sand Technologies of Burlington, MA, and plans to combine Arctic Sand’s low-power semiconductor technology with its San Diego-based subsidiary, Peregrine Semiconductor. The purchase price was $68 million, according to a Peregrine spokeswoman.

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Qualcomm and AT&T Partner to Use Wireless Network for Drone Flights

Xconomy

After signaling that it plans to operate drones via cellular technologies, San Diego-based Qualcomm says today it is working with AT&T to use commercial wireless networks for test flights beyond an operator’s visual line of sight.