After Qualcomm Inc. bought his first startup for $300 million, a company that made wireless chipsets, Wilocity founder Tal Tamir had another big idea. His newest company, Wiliot, is focused on making tiny, sticker-sized Bluetooth sensors that can be sold at less than a cent apiece.
Qualcomm sold its Qualcomm Halo IP assets to WiTricity.
TuSimple, a self-driving truck company, became the latest San Diego startup to be valued above $1 billion.
Sempra Energy said on Feb. 12 that it has agreed to sell its wind generation assets to American Electric Power for $551 million in cash. It's part of a wider effort to divest of its generation and natural gas storage assets.
LEADERSHIP: Recruitment, Inclusion Efforts Vital to Success
As chief operating officer of Sony Electronics in Rancho Bernardo, Mike Fasulo has one focus: developing the next generation of talent and leadership at Sony.
Qualcomm Life was sold to private equity firm Francisco Partners. It will be renamed Capsule Technologies.
The Alliance Healthcare Foundation is offering a $1 million prize for health innovations for vulnerable populations in San Diego and Imperial Counties.
Satellite communications specialist Viasat Inc. reported a net loss of $10.4 million, or 17 cents per share, on total revenues of $554.7 million during its third quarter, which ended on Dec. 31. The Carlsbad-based corporation reported “exceptional performance” that set revenue records for its three business segments.
Teradata saw a larger portion of its revenues come from subscriptions last year, as the company pushes toward a SaaS model.
Apple may look at developing its own modems, according to a Feb. 7 report.
Viasat said it has reached an agreement with the Italian airline Neos S.p.A. to provide in-flight Wi-Fi connectivity to Neos’ fleet of Boeing 787 Dreamliner aircraft. Financial terms of the deal, announced Feb. 5, were not disclosed.
After graduating its first cohort of startups last April, Techstars Anywhere will return for a second year.
Tesla Inc. has agreed to buy Maxwell Technologies, a San Diego company specializing in industrial-grade and vehicle-grade capacitors. Tesla has agreed to pay $4.75 per share of Maxwell (Nasdaq: MXWL) stock in an all-stock deal. The price is a 55 percent premium over Maxwell’s $3.07 closing share price on the previous trading day, Feb. 1.
Cubic Corp. announced on Feb. 4 that it promoted Dan Hedstrom to chief information officer. He replaces Jan Marshall in the job. Hedstrom will manage the information technology team for Cubic (NYSE: CUB), which has more than 5,600 employees at 75 locations worldwide.
Seismic Software passed $100 million in revenue at the end of 2018.