Amsterdam Selected for Its Established Ecosystem Supporting AI and Robotics
Brain Corp., a San Diego company developing technology that allows industrial cleaning robots to drive themselves, plans to open its first European offices in the Netherlands.
The purchase price for the industrial space was approximately $4.8 million.
ThinkTank Innovation, a new tech incubator in UTC, shut down on Monday after its CEO and board were hit with fraud allegations in a lawsuit.
Private Bancorp of America Inc., the La Jolla-based parent of CalPrivate Bank, said it recently completed a $10 million private placement of common stock.
As per the purchase agreement, the Master Issuer is allowed to borrow up to $150 million of its Series 2019-1 Class A-1 notes on a revolving basis.
TECH: Construction Software Co. Got In Early, Adds New CTO
Fresh off a $12 million funding round, construction software startup eSUB is quickly building its business.
TECHNOLOGY: For Reis & Irvy’s, Disruption Is Dish Best Served Cold
A developer of robotics, automation and AI technologies, San Diego-based Generation NEXT Franchise Brands Inc. is the parent company to Reis & Irvy’s Inc.
Property: Developer, Church Devise Bankers Hill Project
After years of planning and a few false starts, St. Paul’s Episcopal Cathedral has made a deal to redevelop property it owns in Bankers Hill into apartments and new church offices.
Board Will Select New Leader; Russell Will Leave in July
Jarrod Russell, Startup San Diego’s first full-time executive director, will leave for the San Francisco Bay Area this summer.
New Position Ensures Compliance in Technology
CureMatch, a San Diego startup that uses algorithms to match patients with cancer treatments, is building out its executive team. The company hired first Chief Technical Officer, Viktor Novy.
According to a press release, the 2019 bonds, or Notes, are expected to be issued in a privately placed securitization transaction.
VC Cash Flowing Gives Cos. Options; In 2018, S.D. Startups Raised $2.5B in Venture Capital
Even as the number of IPOs dipped across the U.S., California saw an uptick in companies making the jump to go public, driven by large venture capital investments. San Diego was no exception, with three companies making their public debut so far this year.
Mercato, a San Diego startup building a delivery platform for independent grocers, recently closed on $4 million in funding.
Other Local, National Companies Still Pursuing A Potential $35B Market
Add Conatus Pharmaceuticals to a list of biotechs that failed in advanced liver disease. But other San Diego firms may crack the code yet.
Specialist Looking for Insight on Trouble Spots
Netradyne has its eyes on the road.