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.

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. 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. billion in 1,810 funding deals in 1,796 companies.

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EY Names 6 Startup Leaders as San Diego Entrepreneurs of the Year

Xconomy

Six San Diego business risk-takers have been inducted into the pantheon of EY Entrepreneurs of the Year, joining over 10,000 people around the world who have been honored over the last 30 years by the multinational professional services firm.

Startup Pioneers EV-to-Grid Technology in Pilot at UC San Diego

Xconomy

Nuvve , a San Diego cleantech startup, has begun a pilot project with UC San Diego that is intended to demonstrate the feasibility of using electric vehicles as a kind of collective energy storage reservoir for the power grid. million grant from the California Energy Commission this week, Nuvve and UC San Diego said the company would install its “vehicle-to-grid” (V2G) charging system in 50 new EV chargers at UC San Diego.

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. Innovation Companies in San Diego (Courtesy Connect Innovation Report).

New San Diego Biotech Looks to Open Way for Anti-Cancer Drugs

Xconomy

In early 2002, the Finnish-born scientist Errki Ruoslahti stepped down as CEO of what is now San Diego’s Sanford Burnham Prebys Medical Discovery Institute.

Countering Cybersecurity Turnover: 57 Companies That Do It Best

Xconomy

Research from the SANS Institute, a leading information security training provider, has identified 57 government contractors that do a better job of recruiting and retaining high-level cybersecurity professionals, based on the advanced technical certifications held by their employees.

Avalon Leads $18M in Early Funding for Cancer Immunotherapy Startup

Xconomy

[ Note: The headline has been corrected to better describe the company’s type of funding. Fortis Therapeutics, a new San Diego biotech, has raised $18 million in initial funding to develop drugs for hard-to-treat prostate and bone marrow cancers.

Tealium Adds $35M to Expand Technology, Sharpen Customer Focus

Xconomy

Tealium, a San-Diego startup that provides online advertising tag management and marketing services for enterprise customers, has raised $35 million in a growth financing deal intended to expand its technology and market reach. Tealium also unveiled a new “executive briefing center” (pictured above) at its expanded San Diego headquarters. The company’s workforce has grown to about 270, including 80 in San Diego.

Aira Raises $12M to Expand Services for Blind and Visually Impaired

Xconomy

After beta testing technology that provides remote assistant services for the blind, San Diego-based Aira has raised $12 million in a Series B round that it says will enable the company to expand its service to thousands of visually impaired users this year. Boston blog main Detroit blog main National blog main National top stories San Diego San Diego blog main San Diego top stories San Francisco blog main Texas blog main Aira Aira.io

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ChromaCode Using $12M to Make Old-School PCR Tests More Powerful

Xconomy

With technology licensed from the California Institute of Technology, ChromaCode enhances the results of the industry standard real-time polymerase chain reaction (PCR) machines.

With $18M, Reflexion Health Expands Physical Therapy Technology

Xconomy

Reflexion Health, a San Diego startup founded in 2012 at the nonprofit West Health Institute, is moving to commercialize Vera, its physical rehabilitation system based on Microsoft Kinect’s motion tracking technology.

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San Diego Tech Coast Angels Honor John G. Watson With Memorial Fund

socalTECH

The San Diego chapter of the Tech Coast Angels , the largest angel investment group in Southern California, as well as the United States, said today that it has established a new, memorial fund, the John G. The fund has been started by a $1M gift from the family of John G.

RNA Specialist Arcturus Therapeutics Gets $3M R&D Grant for CF Drug

Xconomy

San Diego-based Arcturus Therapeutics said today Cystic Fibrosis Foundation Therapeutics has agreed to provide $3 million to fund research and development of a new messenger RNA drug that could be broadly used to treat cystic fibrosis patients.

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.

CTO 33

Avelas Bio Raises $20M to Push Cancer-Illuminating Biologic Agent

Xconomy

San Diego’s Avelas Biosciences , founded in 2009 to advance a fluorescing biologic agent intended to help surgeons differentiate cancerous tissue from healthy tissue, has completed a $20 million Series C round of venture funding. and San Diego’s Avalon Ventures.

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Edico Genome Raises $22M to Expand Data Processing and Web Services

Xconomy

San Diego’s Edico Genome, highlighted in Monday’s media debut of Dell Technologies Capital , said today it has raised $22 million in Series B financing led by the Dell investment arm.

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Todd Hylton Adds Neural Tech Expertise to UCSD Robotics Institute

Xconomy

UC San Diego has named Todd Hylton, a veteran tech industry manager and expert in neural-based processing technology, as executive director of its new Contextual Robotics Institute. in 2012, Hylton led a team that developed BrainOS, software technology designed to enable robotic systems to adapt to their environments and learn from humans. Hylton’s appointment comes less than two months after UC San Diego named Henrik Christensen as director of the robotics institute.

UCSD 17

Zesty Reinvents Itself With New Cash for Automated Web Tech

Xconomy

Zesty.io, a San Diego Web development firm, has raised $1.3 million in seed funding to spin out its consulting business, and focus instead on providing its core Web content management technology as a subscription-based software-as-a-service.

San Diego Startups Band Together For Job Fair

socalTECH

Highlighting the continued growth in demand for technical talent, a group of ten San Diego startup is banding together to attract job seekers to their companies, According to San Diego's SweetLabs , the software developer behind Pokki and OpenCandy, it and another nine startups will run an event December 1st called 10 Startups, $100 Million in Funding, 100 New Jobs. diego startups fair employment

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 The financing includes both new investment funding and a conversion of debt to equity, according to a notation in the filing. 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.

Cybersecurity Startup MedCrypt Gets $750K to Defend Health Devices

Xconomy

MedCrypt, a healthtech cybersecurity startup founded near San Diego, has raised $750,000 in a seed financing round led by Safeguard Scientifics (NYSE: SFE ), a private equity fund in suburban Philadelphia that invests in healthcare, fintech, and digital media.

CTO 28

VC Confidence Holds Steady in Quarterly Survey, But Reasons Change

Xconomy

That Q4 2016 edition of a quarterly survey by University of San Francisco business professor Mark Cannice rated the overall confidence of the VCs at 3.81

Cloudbeds Raises $9M to Expand its Technology, Brand Awareness

Xconomy

The San Diego company describes the financing as its first institutional round, and said it brings total funding for the five-year-old startup to $20 million. National blog main National top stories San Diego San Diego blog main San Diego top stories ClearVision Equity Cloudbeds Cultivation Capital deals Entrepreneurship Financing funding innovation Internet Investor IT Nashville Capital PeakSpan Capital people Richard Castle startups TTCER Partners VC Venture Capital Web

With $30M Infusion, Certona Aims for Bigger Share of Digital Retail

Xconomy

After raising $30 million, San Diego-based Certona said it is moving to accelerate its product development, expand its sales and marketing team, and improve its client services as an e-commerce technology vendor. If online retailing is one of the most tumultuous and fast-changing corners of the Internet, the growth of marketing technologies that retailers use to serve their customers and to personalize their shopping experience has been an even wilder ride.

CTO 23

Agtech Accelerator Radicle Recruits Industry Vets to Mentor Startups

Xconomy

Former Sapphire Energy CEO Jason Pyle is one of four agricultural technology veterans who have agreed to advise the startups taking root at Radicle, the San Diego-based accelerator focused on agricultural and food tech ventures. Radicle named Pyle, who is now the CEO of BaseHealth, a Silicon Valley healthtech developer of analytic software, as a venture partner in a statement released last week.

Cybersecurity Firm Proficio Raises $12M in Private Equity Round

Xconomy

The Los Angeles-based private equity firm provided funding from its Kayne Partners Fund Group, which invests in high-growth technology businesses. National blog main National top stories San Diego San Diego blog main San Diego top stories computer security Cybersecurity deals Entrepreneurship Financing funding Internet Investor IT Kayne Anderson Capital Advisors Network Security Private Equity Proficio Software Software as a Service (SaaS) startups VC Venture Capital Web

Nervana’s $400M+ Buyout Reflects Key Tech Trend in Machine Learning

Xconomy

On the day after Intel announced its acquisition of San Diego machine learning startup Nervana Systems, investor Steve Jurvetson told me he was feeling a sense of satisfaction about a call he made three years ago, and how it has been playing out.

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.

An Homage to Larry Bock, Who Had God’s Hand on His Shoulder

Xconomy

When I told Larry Bock in an email about four months ago that I had been diagnosed with cancer, the renowned San Diego life sciences investor asked if he might see me at UC San Diego’s Moores Cancer Center.

Radicle Accelerator Fund Launches to Nurture AgTech Innovation

Xconomy

Radicle, a new accelerator fund focused on agricultural ventures, is launching today with plans to seed and nurture the next generation of agtech companies addressing global farming problems.

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.

Correlation Ventures Raises $200M In New Investment Fund

socalTECH

Correlation Ventures , a venture capital investment firm with offices in San Diego, Palo Alto, and New York City, said this week that it has raised $200M in a new investment fund. The company said the second fund was oversubscribed, and brings its total assets under management to $366M. Limited partners in the new fund included endowments, pensions, funds of funds and family offices, according to the firm.