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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.

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.

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.

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.

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.

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.

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.

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.

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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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.

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.

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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

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.

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.

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.

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.

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.

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.

Protecting America’s Tech Prowess Amid the Hostile Rhetoric of 2017

Xconomy

My biggest concern would be a failure to recognize and take full advantage of the fact that America’s biggest asset is its technological prowess. A lot of the technological innovation in the United States is done by recent immigrants who obtained their graduate degrees.

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.

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.

As Drone Navigation Advances, SlantRange Focuses on Farm Analytics

Xconomy

In the meantime, the robotics industry is racing to advance “intelligent navigation” technologies intended to enable unmanned aerial systems to fly autonomously out of view, and to avoid telephone lines, trees, and other obstacles along the way. CEO Nathan Schuett said PreNav uses the technology to conduct inspections of wind turbines and other tall structures by scanning a structure and generating a 3D map that enables the drone to fly with centimeter-level accuracy.

Gates Grant Helps Sirenas Extend Hunt for Drugs From Sea Organisms

Xconomy

San Diego-based Sirenas , which has developed technology to rapidly isolate and synthesize potential drug compounds from marine organisms, said it has received a $775,000 grant from the Bill & Melinda Gates Foundation.

Why Teenagers Make Great Entrepreneurs

Xconomy

But because of a confluence of factors—the pace of technological change, the ever-lowering barriers to entry of starting a company, and the natural curiosity and boundary-pushing mindset inherent in this age group—today’s teenagers have the potential to create world-changing businesses.

With New Program, DARPA To Encourage Safety “Brakes” For Gene Editing

Xconomy

The idea for the funding program, called Safe Genes, is to get out ahead of problems that could bring the field to a screeching halt. “We should couple innovation with biosecurity,” DARPA program manager Renee Wegrzyn, said Tuesday at the SynBioBeta conference in South San Francisco. He praised DARPA for looking to fund “safety first, rather than jumping to fund unsafe work with only a handful of potential applications.”

Ginkgo Builds Out Robot Labs as Microbe Design Business Grows: Photos

Xconomy

Kelly’s eight-year-old company didn’t invent the robotic technologies, but it spent its first several years figuring out how to automate a lot of manual lab bench processes and developing software to better track and manage lab operations, he says.

PacketSled Raises $5M for Automated Cybersecurity Monitoring System

Xconomy

PacketSled, a cybersecurity startup based in suburban San Diego, has raised $5 million in a Series A funding round led by Keshif Ventures, a local angel investment fund that has put money into dozens of tech startups in the San Diego area.

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. Arctic Sand, an MIT spinout founded in 2010, has developed semiconductor technology that consolidates a number of board-level power components onto a single chip for use in mobile devices, data centers, and LCD displays.

Microsoft Venture Fund Aims to Harness Early Stage Innovation

Xconomy

Microsoft plans to invest more in early stage startup companies through a new corporate venture fund, headed by former Qualcomm executives. Microsoft aims to get in front of technology trends earlier with the new investment vehicle.

Biotech Roundup: Hellos, Goodbyes, “Cures” Delays And Trial News

Xconomy

Our San Diego editor Bruce Bigelow penned a personal goodbye to entrepreneur Larry Bock, who died last week of pancreatic cancer at the age of 56. All eyes are on Holmes, who is scheduled to present data from the company’s technology at a medical conference on August 1. million Series A to develop a drug, licensed from Columbia University, for the brain cancer glioblastoma… Lyndra , a Cambridge startup working on oral drug delivery technology, has received $5.4

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New Leader at Intel Capital Adjusts Strategy as Global Summit Opens

Xconomy

Intel Capital has invested $38 million in 12 technology startups since July, highlighting its venture investment focus on innovations in self-driving cars and machine vision, the Internet of Things, sports and health, drones, and virtual reality. Intel Capital is the corporate venture and deal-making arm of Santa Clara, CA-based semiconductor and technology giant Intel (NASDAQ: INTC ).

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.

Trump’s Election Stunner: Tech and Life Sciences Leaders React

Xconomy

Still processing what this will mean for technology, business, society, and humanity—I guess it’s going to take a while. Hyperloop One’s Shervin Pisheva (pre-result): “If Trump wins I am announcing and funding a legitimate campaign for California to become its own nation.” In the meantime, here are 10 notable reactions from around the Xconomy network, mostly via Twitter.

Arterys, GE Healthcare to Roll Out Next-Gen MRI Scans of Heart

Xconomy

GE Healthcare, a unit of Boston-based industrial giant General Electric , recognized some limits on MRI scanners like its own, and started collaborating with Stanford University physicians more than five years ago on next-generation MRI technology to better diagnose people with heart disease.

The Future of Human-Robot Interaction

Xconomy

What are some examples of government-funded research in AI and robotics that is happening today that will set the stage for tomorrow’s products? Rob McHenry : Public-funded research has always pushed the state-of-the-art in advanced autonomy, which then drives commercial AI.

Bio Roundup: RIP Roger Tsien, Novartis CAR-T Wheel, Zika News & More

Xconomy

Nobel Prize winner Roger Tsien, a UC San Diego chemist, passed away in Oregon this week. As the San Diego Union Tribune reported in 2013, Tsien (pictured) was also unafraid to shine the spotlight on what he considered suspect scientific approaches, even when espoused by legends like DNA co-discoverer James Watson. He was a professor at UC San Diego. A man who helped shed light—fluorescent light—on biology died far too early, at the age of 64.

Zingle Raises $3M to Expand and Improve Messaging App Technology

Xconomy

Zingle, a Carlsbad, CA-based tech startup targeting the service industry and consumer-facing businesses with its messaging app technology, has raised $3 million in venture capital, according to a regulatory filing earlier this month.

Clinton and Trump Platform Analysis: Which Is Best for Education Companies?

Xconomy

Educational technology is one field worth examining, even though education hasn’t been a front-burner issue in the final months of the campaign. This could conceivably benefit innovative charter schools that are building a new curriculum from scratch and deploying educational technology more comprehensively than established schools. The Democratic Party nominee says she would support charter schools that beef up STEM education (science, technology, engineering, and math).