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.

Walmart: Turning San Diego Into A Key Technology Center

socalTECH

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? My team is responsible for building tools to help improve the online customer experience, whether that's through native apps, devices, or the web.

Walmart: Turning San Diego Into Its Technology Center

socalTECH

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? My team is responsible for building tools to help improve the online customer experience, whether that's through native apps, devices, or the web.

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

Xconomy Special Report: 12 San Diego Tech Startup to Watch in 2017

Xconomy

View the Slideshow A little more than a year ago, amid a resurgence in San Diego’s software sector, Xconomy identified a baker’s dozen of local tech companies to watch in 2016. I started with a list of companies already screened by the San Diego Venture Group’s annual venture summit, and consulted with investors and startup mentors to refine the list. million in a Series D round of investment capital, according to founder and chairman Tony Farwell.

Profitability Helps San Diego Lender Step Out from Industry Cloud

Xconomy

In contrast to some alternative lenders, the San Diego firm said it is growing fast and is consistently profitable. Problems at one industry leader, San Francisco-based LendingClub (NYSE: LC ), have added to waning enthusiasm among some investors for the peer-to-peer model, which matches online users who want a loan with Wall Street investors or wealthy individuals looking for a higher rate of return than many traditional, fixed-income investments.

Wiliot Finds $30M More From Amazon Web Services, Others

socalTECH

Wiliot , an Israel- and San Diego-based RFID technology developer, has received $30M more in a funding round, the company said on Monday. The funding, a Series B, came from Amazon Web Services, Samsung Venture Investment Corp., and Avery Dennison Corp. Wiliot is developing disposable, RFID tags which do not require batteries, and are aimed at use in the tracking of consumer products during the manufacturing process.

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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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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. [ Updated 12/27/18, 9:54 am ] Manoj Saxena is bullish on artificial intelligence. As chairman of Austin, TX-based A.I.

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Intel Deepens Move into Sports Tech with SportStream Investment

Xconomy

According to a recent ScoreStream statement , San Diego’s Avalon Ventures, a longtime ScoreStream investor, led the round, and was joined by Sinclair Broadcasting, Verizon Ventures, and R/GA Ventures, the investment arm of the advertising agency R/GA. ScoreStream, a five-year-old startup that created a social media platform for crowd-sourcing local sports scores, has raised $3.7 million in a Series A round that includes Intel Capital as an investor.

From Immigration to Taxes, Execs Talk Trump Effect on Innovation

Xconomy

They shared their thoughts via e-mail with me, Xconomy’s national correspondent David Holley, and Sarah de Crescenzo, editor of Xconomy San Diego.

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California Accelerators Enroll Startups Targeting Cannabis Industry

Xconomy

On Monday, nine startups began a 16-week program at Canopy San Diego , a new accelerator program for seed-stage companies developing new technologies, products, and services to support the legal cannabis industry.

VCs Invest $406M in 61 SD Startups; TP Therapeutics Leads Q2 Deals

Xconomy

TP Therapeutics, which raised $45 million in May to advance its work on drug-resistant cancers, raised the most venture capital in San Diego County during the three months that ended June 30, according to regional data released today. Altogether, venture firms invested a total of $406.4 million in San Diego companies during the second quarter, according to data from the Venture Monitor report from Seattle-based PitchBook and the National Venture Capital Association.

Raken Aims for Growth in Mobile App for Construction Site Reporting

Xconomy

But Slager says that’s starting to change as construction companies realize that technology isn’t just an expense; it can represent an investment in money-saving efficiencies.

With Launch of Dynam.AI, Analytics Ventures Shifts to New Model

Xconomy

The debut Wednesday of Dynam.AI, a San Diego startup offering its expertise in artificial intelligence, also marks a shift that has been underway for the past year or so at Analytics Ventures, a local fund that invests in tech deals. The small venture firm, which made traditional seed investments in a number of startups, including the healthtech companies CureMetrix and CureMatch, has evolved into a venture studio, according to managing partner Andreas Roell.

Blockchain, Banks & the New Web: Q&A With Ethereum Co-founder Lubin

Xconomy

billion this year through sales of digital tokens—so-called initial coin offerings or ICOs—and this method of fundraising exceeded traditional early-stage tech startup investments in June and July, CNBC reported in August. Ethereum co-founder Joe Lubin is calm and soft-spoken when he shares his vision of how blockchain technology and digital currencies could transform the Internet, the global economy, and many aspects of our daily lives.

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Bill Maris Takes Stage for 2nd Act, Says New Fund Mostly Committed

Xconomy

In his first public appearance since leaving Google Ventures, Bill Maris said Wednesday his new venture fund, Section 32, is nearly fully invested—less than four months after he officially unveiled its existence in the San Diego area. In a keynote talk at a venture summit in San Diego, Maris said Section 32 already is looking to raise a second fund.

Qualcomm’s Ends Two-Year, $44B Bid for NXP After No Word from China

Xconomy

Instead, San Diego-based Qualcomm said it plans to repurchase $30 billion of shareholder stock. National blog main National top stories San Diego San Diego blog main San Diego top stories automotive chips automotive semiconductor Broadcom buyouts car China Chinese Commerce Ministry chinese trade war chipmakers Committee on Foreign Investment in the U.S. treasury Secretary Steven Mnuchin Web White House wireless

At “The Vine,” Developer Builds a Vertical Campus for Tech Startups

Xconomy

In downtown San Diego, a private real estate company best known for its master-planned communities in suburban Southern California has posed some existential questions for regional tech hubs looking to build their own startup ecosystems. 101 West Broadway tower in downtown San Diego.

SD Venture Funding Tops $1.9B in 2017; and Q4 Top 10 Deals

Xconomy

Venture capital activity ended the year with a strong finish in San Diego, as investors poured $498.4 The strength of fourth-quarter deals, lifted by a $125 million financing in November for the molecular diagnostics company Progenity, brought total venture investments in San Diego to nearly $1.92 billion into 231 startups in the greater San Diego region, according to Venture.

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

Xconomy

election Alex Niehenke Brexit China Entrepreneurship EU exabyte Financing funding geopolitics Hardware Immigration innovation Internet investment Investor IT Middle East Mobile net neutrality political instability President Donald Trump Russia SanFranciscoVC Scale Venture Partners Software Startup Formation startups Tariffs tax law Tech U.K. government shutdown VC Venture Capital volatility Web wireless work visas Yearend2018

Cybersecurity Firm Proficio Raises $12M in Private Equity Round

Xconomy

Proficio, a Carlsbad, CA-based startup providing cybersecurity protection services for middle market companies, has raised $12 million in an investment round led by Kayne Anderson Capital Advisors. The Los Angeles-based private equity firm provided funding from its Kayne Partners Fund Group, which invests in high-growth technology businesses.

Four Developments to Watch as Embattled Qualcomm Seeks Path Forward

Xconomy

There’s never a dull moment these days at Building N, the San Diego headquarters of Qualcomm (NASDAQ: QCOM ), the wireless technology giant and the world’s biggest maker of the advanced components used in smartphones. National blog main National top stories San Diego San Diego blog main San Diego top stories San Francisco blog main apple Broadcom Committee on Foreign Investment in the U.S. [ Updated 3/16/18 3:30 pm. See below.]

SmartDrive Raises Capital, Rolls Out Distracted Driving Technology

Xconomy

At the American Trucking Association Management Conference in Orlando, FL, this week, San Diego’s SmartDrive Systems announced that Michelin North America has led a new investment round in the company, though SmartDrive wouldn’t say how much it has raised.

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New StockTwits CEO Looks to Expand Share of Investor Community

Xconomy

After taking over roughly six months ago, StockTwits CEO Ian Rosen made one of his first strategic moves with last week’s acquisition of SparkFin , a San Diego-based fintech app that provides novices with information on investing.

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President Trump Prohibits Broadcom from Acquiring Qualcomm

Xconomy

Read more » Reprints | Share: National blog main National top stories San Diego San Diego blog main San Diego top stories San Francisco blog main Broadcom buyouts chipmakers Committee on Foreign Investment in the U.S. CFIUS) deals executive order innovation Internet IT M&As Mergers & Acquisitions Mobile President Trump Qualcomm Semiconductors Web White House wireless

Expectations Rise on Q1 Surge in Venture Funding; and Top 10 Deals

Xconomy

billion that VCs invested in the first quarter of 2017. Venture capital investors poured more than $28.2 billion into U.S.

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. Palo Alto, CA-based Norwest weathers the uncertainties of technology and the economy with an investing strategy. All this is done while they guide startups through other external challenges such as fundraising droughts and overall market downturns.

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Anaplan Ups Estimate For Its IPO Haul; Allogene IPO Raises $288M

Xconomy

San Francisco-based Anaplan , one of five companies planning to close initial public offerings this week, raised the expected price range for its shares in an SEC filing Wednesday, signaling an IPO that could be richer than it had anticipated. Enterprise planning software company Anaplan, which is privately valued at more than $1.4 billion, had originally proposed selling 15.5 million shares of common stock at a range of $13 to $15 per share.

New Bootstrap Fund Pulls Itself Up in World of Health IT Deals

Xconomy

Healthtech entrepreneur Parker Hinshaw and his wife Jean Balgrosky said they intended to take a step back when they founded Bootstrap Incubation near San Diego in the fall of 2012. They came to San Diego in 1996, when Scripps Health hired Balgrosky as CIO and senior vice president.

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Price Check on Aisle 3: Retailers Turn to Robots to Manage Inventory

Xconomy

Bossa Nova, along with San Francisco-based Simbe Robotics, is among a group of tech companies that are using robotics and artificial intelligence. Inventory management is crucial to operating a successful retail operation.

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

Xconomy

The funding, provided by Santa Barbara, CA-based Rincon Venture Partners and Venice, CA-based CrossCut Ventures, represents the first institutional investment for Zingle.

VC Funding Surges in Fewer Deals in Third Quarter, and Top 10 Deals

Xconomy

Venture firms invested $21.5 “More dollars, fewer deals” has been a prevailing trend in venture funding over the past couple of years, and it was evident again in the three months that ended September 30, according to the latest Venture Monitor report.

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. Brooks joined the division in 2014 after spending 23 years as an investment banker in Europe and the United States, but his strategic vision for the future of digital technology and computing is only now becoming manifest.

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