Sarah de Crescenzo

Staff Reporter

Phone: 858-277-6359 Extension: 3120

Recent Stories

Three EvoNexus Startups Have Something to Work With: Money

Three local startups based at EvoNexus’ La Jolla office have quietly raised funds this year. It was the first financing each of the companies reported having raised.

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Qualcomm Says IoT Revenue to Top $1B

Distribution channels for its IoT products reach more than 9,000 customers.

Connect Adds 2 to Staff to Bolster Accelerator Program, Business Development

New interim senior strategic advisor to Springboard program was Connect’s vice president of business creation and development from 2006 to 2015.

Cibus’ Genetic Editing Aims to Outdo GMO

AG: Cuts Cost, Ups Speed While Avoiding Concerns

The alteration of one letter to another in a word can change its entire meaning.

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Qualcomm Launches Initial $10B Stock Buyback

Offer is the first in a planned repurchase program of up to $30 billion in shares.

San Diego Rises 3 Spots to No. 16 in Annual CBRE Tech Talent Report

Region's comparatively competitive wages and affordable living costs led to upward move in rankings.

Changemaker Chats Brings Valuable Voices to the Conversation

Most of the attendees and panelists at business events and talks in San Diego are men.

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Auto Sector Still Key Driver for Qualcomm

TECH: Stock Buyback Announced; NXP Deal a Casualty of Trade War

Qualcomm Inc. on July 25 abandoned its 21-month odyssey to acquire Dutch chipmaker NXP Semiconductors NV, racking up a $2 billion break-up fee and cutting ties with a company it had hoped would accelerate growth in its automotive and internet-of-things businesses.

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GroGuru Hires Investor for CEO Role

GroGuru, a tech company that makes software and systems to monitor soil conditions, announced July 23 that it had hired one of its investors and advisors to run the company.

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TVC Capital Leads $7.2M Funding Round for HealthCrowd

San Diego-based growth equity firm TVC Capital recently led a $7.2 million round of funding for HealthCrowd, a San Mateo-based healthcare communications company.

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BofI Federal Bank Reveals 'Material Acquisition' Nearing Close

Company anticipates deal to close in fewer than two weeks, in early August.

Qualcomm Stock Rises on $30B Buyback News, Earnings

Stock returns to price last seen in March ahead of proposed Broadcom acquisition bid.

Mission Fed Credit Union to Open 2nd Escondido Branch

Branch will be 31st operated locally by the credit union, which serves people who live, work and go to school in San Diego County.

Stymied By Trade Tensions, Qualcomm to End $44B NXP Acquisition Effort

CEO Steve Mollenkopf also said the company would make up to $30 billion in stock buybacks.

VC Dollars Flowed Locally and Nationally in Q2

INVESTMENT: Backing Of Health Care Cos. Is Good News for S.D.

Early-stage companies in San Diego had a successful second quarter for fundraising, taking in more or nearly more investment dollars than local companies have ever before, depending on the data source.

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Agtech Startup GroGuru Elevates Investor, Advisor to CEO

Cofounder Farooq Anjum remains as chief technology officer.

Jewish Federation of San Diego County Names New CEO

Organization raised nearly $6.3 million in 2017.

High Bluff Capital Partners Acquires Quiznos, Taco Del Mar

Local firm focuses on making investments in consumer-facing companies.

Co.’s Retail System for Cannabis Just in Time for a Hot Market

SOFTWARE: System Aims to Meet Regulatory, And Commercial Demands

Selling a previously illegal substance may give the cannabis industry a sexier sheen than, say, selling widgets.

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Analytics Ventures Forms Advisory Board Led By Turtle Beach CEO

Fund looks to form and foster startups that use AI as a core technology and differentiator.

Help is Here For Early-Stage Cos. Who Apply Themselves

A number of organizations are seeking early-stage companies to recognize or provide with resources to further their entrepreneurial efforts.

Co.’s Retail System for Cannabis Just in Time for a Hot Market

SOFTWARE: System Aims to Meet Regulatory, And Commercial Demands

Selling a previously illegal substance may give the cannabis industry a sexier sheen than, say, selling widgets.

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CalPrivate Bank Spends on New Hires to Take Advantage of Industry M&A

Net income fell 24 percent quarter-over-quarter as expenses rose.

Seacoast Commerce Bank Reports $3.3M in Net Income in Q2

Seacoast also reported its specialty core deposits rose 11.7 percent in the second quarter.

Management Co. Guides Gamers in Business Arena

SERVICE: Analytics Used To Structure Streamers’ Pricing Models

A management agency based in Point Loma represents more than 40 people who play video games on the Amazon-owned platform Twitch while fans watch.

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Bay Area VC With San Diego Connection To Keynote SDVG’s Flagship Event

The San Diego Venture Group said US Venture Partners (UCVP) partner Dafina Toncheva will keynote its Venture Summit event Aug. 16.

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San Diego Int'l Airport Recognized as 'Most Innovative'

Programs that led to award promote the environment and innovation, according to the San Diego County Regional Airport Authority.

Tiled Seed Round Raises $1.5M

A San Diego software startup that bills its content platform as a rival to presentation program PowerPoint has raised a $1.5 million seed round from a Utah-based venture capital firm.

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EvoNexus Adds 6 Execs to Board of Directors

EvoNexus, the startup incubator with an office in La Jolla, recently announced the addition of six executives to its board of directors.

Carlsbad-Based TC Technology Acquired By SSP Innovations

TCT president Jason Linley becomes SSP's director of mobile product management.

Carlsbad-Based Specialized Food Distributor Good Source Solutions Acquired

Acquired company generates more than $200 million in annual revenue from customers including educational, correctional and healthcare facilities.

Qualcomm to Pay 62 Cents Per Share Cash Dividend

Quarterly dividends were boosted 9 percent as of midyear.

Tealium Reaching Out to Help Early-Stage Startups Analyze Data

STARTUPS: Mentoring, Services, Access to CDP Included in Free Program

La Jolla-based Tealium, which makes software for enterprises to use to analyze data, is launching a program to help out local startups with free services, mentoring and access to some of its investors and customers.

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BrainLeap Technologies Gets $225K Grant to Develop Attention Training Games

BrainLeap cofounders, UCSD neuroscientists, aim to turn research discoveries into effective treatments.

Carlsbad Chamber of Commerce CEO to Retire

Owen joined the business advocacy organization as its head in 2004.

Edge Fattens Cryptocurrency Wallet

Companies that focus on cryptocurrency have been on a roller coaster in recent years with major fluctuations in the price of the most popular iterations of digital money, such as Bitcoin and Ethereum.

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Agtech Startup GroGuru Gets $250K in Pitch Competition

Competition provided investment capital to two early-stage agtech companies.

Mission Fed CEO Re-elected to NAFCU Board

Organization lobbies on behalf of credit unions on federal issues.

Tax Credits Approved For 3 San Diego Cos.

Startups: More than $1.2M promised for Future Milestones

One of the largest of 29 grants recently awarded through the California Competes Tax Credit program to companies statewide is slated to be received by Urban Translations, a local startup that creates digital menus for businesses in the hospitality industry.

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Brain, Savioke Team For Robot Evolution

TECH: Brain Takes Funding Role, Seeks to Broaden Reach

Startups generally seek funding, not provide it.

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Endeavor Bank Shares Begin Trading on OTC Market

First new bank to open in the county in 10 years launched in January with more than $26 million in initial capital.

Nortek Security & Control Unites Local Workforce at New Corporate HQ

Maker of smart, connected devices and systems employs more than 270 people in Carlsbad.

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EvoNexus Adds 6 Execs to Board of Directors

Nonprofit organization board expands to 40 people.

SimpleForms Inks Integration Deal With Intuit's Quickbooks

Startup company, founded by CEO Emily Rotolo, simplifies employment documentation for new hires.

More Than $1.2M in Tax Credits Approved For 3 Growing San Diego Cos.

GO-Biz tax credit program aims to encourage companies to hire employees and invest in California.

Brain Corp. Makes Strategic Investment into Robotics Company Savioke

Savioke will license BrainOS, the San Diego company's software platform for streamlining development, deployment and management of robots.

Quick Pitch Competition Gains Cox Business as Backer, Raises Cash Prize to $75,000

Company joins Tech Coast Angels and the San Diego Venture Group in hosting the contest for startups.

San Diego Sees One IPO in First Half of 2018

Increasing geopolitical uncertainty leading to volatile public markets likely kept some companies from pursuing an initial public offering in the first half of 2018.

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Cabrillo Credit Union Names Anne McClure CEO

McClure takes over for Dean Odle, whom the credit union hired in April of 2017 following the retirement of Robin Lentz, who led the institution for 37 years.