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San Diego Startup Raises $2.3M to Advance Enzymatic DNA Synthesis

Xconomy

Molecular Assemblies , a San Diego startup developing a new enzymatic method for synthesizing DNA, said today it has raised $2.3 million in a seed financing round.

Walmart: Turning San Diego Into A Key Technology Center

socalTECH

When people think Walmart , they don't often think of the retail giant as a technology leader. However, the company's technology team, Walmart Labs (www.walmartlabs.com)--which said this month that it is planning on major growth in San Diego is responsible for the company's key supply chain technology, online e-commerce site, and much more. What exactly does Walmart Labs work on in San Diego? How long has Walmart had an office in San Diego?

Walmart: Turning San Diego Into Its Technology Center

socalTECH

When people think Walmart , they don't often think of the retail giant as a technology leader. However, the company's technology team, Walmart Labs (www.walmartlabs.com)--which said this month that it is planning on major growth in San Diego is responsible for the company's key supply chain technology, online e-commerce site, and much more. What exactly does Walmart Labs work on in San Diego? How long has Walmart had an office in San Diego?

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.

Xconomy Guide to Best Sessions at Startup Week San Diego

Xconomy

Startup Week San Diego, like a lot of other places that host similar events, has been billed as a weeklong celebration of entrepreneurship. This year’s Startup Week also has added five new tracks intended to highlight San Diego’s strengths as a startup ecosystem.

Big VCs Join Xconomy in San Diego to Discuss Big Data, Big Biology

Xconomy

In the Boston office of GE Ventures, managing director Alex de Winter is overseeing investments in companies like Veracyte, which is applying machine learning to genomic sequencing technology to help doctors distinguish benign growths from cancer.

San Diego Startups Raise $287M in Third Quarter, and Top 10 Deals

Xconomy

Venture Capital investments in San Diego startups fell by roughly a third during the three months that ended September 30, according to data released recently by Seattle-based PitchBook and the National Venture Capital Association. VC firms invested $280.6 million in 49 startups in San Diego County during the third quarter, according to a breakout of data provided by PitchBook as part of the inaugural “Venture Monitor” report. San Diego. $35

Servier Licenses CureMatch Tech for Custom Cancer Drug Treatments

Xconomy

A global pharmaceutical company based in France has licensed software developed by San Diego digital health startup CureMatch that aims to help cancer doctors customize the combination of drugs they prescribe to patients based on mutations in cancer DNA.

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BeiGene Puts Up $10M to Use Ambrx’s Drug Development Technology

Xconomy

Chinese pharma company BeiGene has agreed to pay Ambrx $10 million upfront to experiment with technology the biotech has developed in a bid accelerate BeiGene’s search for new protein drugs for cancer treatment.

Under New Ownership, San Diego’s Ad-Juster Names Dennis Clerke CEO

Xconomy

Ad-Juster, a San Diego adtech startup acquired earlier this year by the investment arm of China’s Innotech International Group, Wednesday named local software entrepreneur Dennis Clerke as CEO. Clerke (a San Diego Xconomist) was previously the CEO of Sunnyvale, CA-based NetSeer, an adtech acquired in February by Inuvo (NYSE: INUV , an advertising technology and digital publishing company based in Little Rock, AR.

Q2 VC Funding Soars in San Diego (After Revisions), and Top 10 Deals

Xconomy

After the national MoneyTree Report was released last week, PricewaterhouseCoopers partner Ryan Spencer said he spent time on a call with Thomson Reuters, which provides the raw data, trying to figure out a change in the numbers for venture capital activity in San Diego. San Diego.

San Diego VC Funding at $426.6M in Third Quarter; Plus Top 10 Deals

Xconomy

The San Diego artificial intelligence company Brain Corp. topped the chart for raising the most venture capital in San Diego during the third quarter that ended September 30, according to Venture Monitor data released Tuesday. In a statement at the time, Brain Corp said it has developed AI technology “to enable robots to perceive their environment, learn to control their motion, and navigate using visual cues and landmarks while avoiding people and obstacles.”

RiverVest Venture Closes $184M Fund for Backing Healthcare Ventures

Xconomy

Louis, MO-based venture capital firm with additional offices in San Diego, CA, and Cleveland, OH, has raised $184.4 million for its fourth fund dedicated to investing in healthcare companies. RiverVest Venture Partners, a St.

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Retailers Turn to Analytics, 3D Tech to Promote Fit, Reduce Returns

Xconomy

That’s why startups are turning to new technologies like 3D scanning and machine learning software to produce customized clothing that can be made for the masses. But we have the technology to make clothes fit people.

To Show Off SD Startups, Investors Hit the Road with New TV Show

Xconomy

Now four San Diego, CA-based investors are debuting “VCs in a Van,” a vehicle (no pun intended) meant to spotlight local companies ripe for funding. lu—as they visit a handful of San Diego-based early-stage businesses seeking financing. lu Data Science Institute investment Keshif Ventures Mark Bowles Neil Senturia Outerwall SanDiegoVC Shark Tank Taner Halicioglu Technology Tom Tullie tv UC San Diego UCSD VCs in a Van Wrapify

Corza Health Emerges Led by Former NuVasive, GreatCall Executives

Xconomy

A Chicago-based private equity firm has tapped the former head of NuVasive and finance chief of GreatCall to start a new healthcare company in San Diego. Lucier is also making a “substantial” investment in Corza, according to a statement from GTCR on Wednesday.

Saxena: More Than a Tool, A.I. Must Be Used With Society in Mind

Xconomy

startup CognitiveScale and managing director of The Entrepreneur Fund , which makes investments in early-stage machine learning companies, Saxena believes A.I. But he’s also aware that the technology, if not used carefully, could end up hurting society. technologies.

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Room Service by Robot And Other Ways Tech is Changing The Hotel Stay

Xconomy

Colaneri has a particularly insider view of how digital technology is disrupting the previously analog hotel room. More days than not, Michael Colaneri’s home is a hotel room.

Trust & Will Raises $2M to Advance Digitization of Estate Planning

Xconomy

The team at Trust & Will, a San Diego-based startup founded in October of 2017, is betting that a good chunk of those people would shell out some money to outline an estate plan if the process were cheaper and easier. [ Updated 9:30 a.m., see below. Roughly half of American adults have no legal document that details how their assets should be distributed when they die.

Graphcore Scores $200M to Scale Up A.I. Chip Production

Xconomy

The Bristol, UK-based startup, founded in 2016, has now secured a total of more than $300 million in financing from venture capital firms and other investors including Microsoft and the corporate venture arms of BMW and Dell Technologies. One of the leading contenders in the A.I.

Finistere Plants Investment Seed in Ireland With $24M Agtech Fund

Xconomy

Arama Kukutai believes that in coming years, Ireland will send the United States and the rest of the world something different: innovative agricultural technologies that help make farms more productive and profitable. To that end, Kukutai’s venture capital firm, Finistere Ventures, is joining with the Ireland Strategic Investment Fund to launch a new 20 million euro ($24 million) fund that will invest in emerging agtech startups in Ireland.

As Unicorns Multiply, Bootstrapped Tech Businesses Holding Steady

Xconomy

Why do unicorns get all the attention? Brian de Haaff wonders this sometimes, especially as compared to his own tech business, Aha. It’s not a “unicorn”—a business with a valuation of more than $1 billion—and it’s not even close. Instead, Aha is a bootstrapped startup. Founded in 2013 by de Haaff and Chris Waters in the Bay Area, the company announced in July it had surpassed $40 million in annual recurring revenue from the subscribers to its software-as-a-service.

Vinod Khosla on A.I., Health, and the Future of Working (or Not)

Xconomy

Entrepreneur-turned-venture capitalist Vinod Khosla made big headlines almost six years ago when he wrote a blog post called “Do We Need Doctors or Algorithms?”

CommonGrounds Raises $100M to Open More New Flexible Office Spaces

Xconomy

Billions of dollars have already flowed to the purveyors of shared workspaces, and the investment spigot isn’t turning off yet. CommonGrounds Workspace, a San Diego, CA-based company that operates flexible office spaces in California and Colorado today, announced Wednesday that it had raised $100 million in a Series A financing to expand its lineup to roughly 50 sites during the next two years.

Despite Low Crop Prices, Corporate and VC Agtech Investments Soar

Xconomy

Prices for agricultural commodities such as corn, soy, and wheat are at their lowest levels in years, but investment in agricultural technology has never been better. The report quotes Kip Tom, a seventh-generation Indiana farmer, who explains how technology is changing farming.

Bill Maris Fund Section 32 Notches Two Wins with Life Science Exits

Xconomy

Section 32, a venture capital firm headquartered near San Diego that launched in 2017 with a $151 million fund, has had a big month. The firm, based in San Diego’s coastal Cardiff-by-the-Sea community, was started by Bill Maris , who launched and previously headed Google’s corporate venture investment arm, GV (originally called Google Ventures). This month, two of the firm’s investments have proved prescient.

Dell Technologies Goes Public About $100M Venture Capital Arm

Xconomy

Austin —Dell Technologies is publicly unveiling a venture capital investment arm that has been quietly investing in startups since the operation was run by EMC, the data storage giant that Dell agreed to acquire for $67 billion in 2015. Called Dell Technologies Capital, the investment arm plans to provide funding to about 20 startups this year, Scott Darling, president of group, told Bloomberg , which first reported the news this morning.

Plant-Based Burger Maker Beyond Meat Cooks Up Plans for an IPO

Xconomy

We’ll soon find out if Wall Street has the appetite for investing in alternative meat technology. Beyond Meat, a maker of plant-based meat products, has filed for an IPO.

Hungry for Innovation, Big Food Firms Seek Alliances With Startups

Xconomy

The firms include stalwarts like Kraft Heinz (NASDAQ: KHC ) , which has an incubator and accelerator program called Springboard , and relative newcomers like the Greek-style yogurt maker Chobani , which operates an incubator that makes $25,000 investments in startups with no equity stake.

A VC’s Take: Global Volatility Hurts U.S. Venture Ecosystem

Xconomy

As Xconomy’s editors looked back at the year just passed, we asked technology leaders to comment on the trends they’d observed in 2018, and the developments they expected in 2019. Some leaders responded with their views on the business impact of the Trump era, pointing to specific policy positions such as tax code revisions, curbs on immigration, and the decision by federal regulators to roll back net neutrality requirements on telecom carriers.

How the Rise of Beijing and Shanghai Tech May Impact Silicon Valley

Xconomy

cities from San Francisco to Austin to Boston come first to mind. equity funding Exit family office Financing Foreign investment germany Global Tech Hubs Report investing investment capital investment fund Japan Korea Mercury Fund Mobike Seoul Shanghai Silicon Valley sovereign fund sovereign wealth fund Startup startups Tech tech startup Tech Startups Technology Tokyo Toutiao Venture Capital Venture FundingWhen it comes to startup tech hubs, U.S.

Big Pharma Seeks More Partnerships, Evidence in Digital Therapeutics

Xconomy

“Digital therapeutics” startups are starting to win more respect—and investment dollars—from pharmaceutical giants.

Pineapples and Bananas: Yummy to Eat, And Now Fashionable to Wear

Xconomy

To that end, Silk announced last week that it raised $30 million from investors to deploy the company’s silk technology into the apparel market as a replacement for chemical coatings or dyes to improve fabric appearance or wear.

Norwest VC Eyes Waves of Change in A.I., Marketing, Cloud for 2019

Xconomy

Venture capital firms invest in potentially disruptive technologies with the hope of profit, then keep watch for further advances that could overtake their existing portfolio companies. Scott Beechuk, a partner at Norwest Venture Partners , is one of the tech industry observers invited by Xconomy to look back at the technology developments of 2018, and also forecast some trends he expects to see in 2019.

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Beta Bionics Secures $63M as AI-Driven “Pancreas” Heads to Key Tests

Xconomy

Beta Bionics, a startup developing a medical device that monitors and manages blood sugar levels in diabetes patients, has closed $63 million to back late-stage clinical tests of its AI-powered technology.

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