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SGI-DNA Finds $25M In Funding

socalTECH

San Diego-based SGI-DNA , a biotech company which is developing synthetic genomics and dna data storage technology, announced this morning that it has raised $25M in its Series A funding round. The funding was led by Northpond Ventures, and also included Oxford Finance and BroadOak Capital partners. READ MORE>>.

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RiverVest Venture Closes $184M Fund for Backing Healthcare Ventures

Xconomy

RiverVest Venture Partners, a St. Louis, MO-based venture capital firm with additional offices in San Diego, CA, and Cleveland, OH, has raised $184.4 Among the notable exits was San Diego’s Lumena Pharmaceuticals, which Irish pharmaceutical giant Shire (NASDAQ: SHPG ) bought for more than $260 million in 2014.

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San Diego Innovation Economy Extended Gains in 2015: Connect Report

Xconomy

That’s according to a report being released today by Connect, the local nonprofit group focused on technology and entrepreneurship. 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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Ostendo Raising Funds to Advance Virtual Reality Display Technology

Xconomy

Ostendo Technologies, a Carlsbad, CA-based company founded in 2005 to advance curved screens and other innovative display technologies, has raised $41.8 Adding to the confusion, the most-recent MoneyTree Report on San Diego venture capital activity shows that Ostendo raised almost $10 million in VC funding during the second quarter.

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Southern California Sees Boom In Venture Investments In Q4

socalTECH

Think there is a technology investment slowdown? billion invested in venture capital in Q4 of 2015, according to the latest numbers released over the weekend by PricewaterhouseCoopers and the National Venture Capital Association. billion invested in the region in Q4 of 2014, and was only slightly less than the $1.46

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Illumina Accelerator Sees ‘Huge Impact in Genomics’ in New Startups

Xconomy

Illumina (NASDAQ: ILMN ), a San Diego-based company that was a pioneer in gene sequencing technology, founded the accelerator in 2014, along with Russian billionaire Yuri Milner.

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Teledyne Increases Stake in Robot Maker Ocean Aero

socalTECH

Thousand Oaks-based Teledyne Technologies has increased its stake in San Diego-based Ocean Aero , a developer of unmanned, robotic underwater and surface vehicles used for the scientific, defense, and oil and gas market, the company said late Friday. Teledyne made its initial investment in Ocean Aero in July of 2014.