TECHNOLOGY: Extreme Ultraviolet Laser Light Makes It Possible
TECH: Financing to Fuel Products, Expansion
San Diego-based Kandji announced earlier this month that it has raised $100 million in Series C funding at a nearly 10x increase in valuation since the company’s Series A funding round just one year ago.
AEROSPACE: Inmarsat Deal Worth $7.3 Billion
Carlsbad-based Viasat (Nasdaq: VSAT) said on Nov. 8 that it has agreed to buy British competitor Inmarsat for $7.3 billion.
TECH: Softbank Leads Series D Funding Round
In a funding round announced earlier this month, SoftBank Vision Fund 2 officially joined existing investors in Cloudbeds, adding additional financial firepower to the growing San Diego company’s market-leading, cloud-based hospitality management software platform.
Sam Attisha has been named senior vice president of field operations for Cox Communications nationwide.
TECH: Diversification Paying Big Dividends
In the weeks heading into the company’s annual Investor’s Day on Nov. 16, Qualcomm has seen its stock price take off as Wall Street seems increasingly certain the San Diego-based company’s big bet on diversification is already paying off.
SOFTWARE: Fondi Kicked Off as ‘Classy Live’ Earlier this Month
Classy, the giving platform that helps nonprofits connect supporters with the causes they care about, has unlocked new business growth via its first acquisition.
SOFTWARE: Receives $100M in Series B Funds
The number of unicorns in San Diego grew by one this fall, as security software specialist Drata brought in its Series B round of venture capital. Drata announced the achievement Nov. 8.
MANUFACTURING: Profits Jump 18% Amid Supply Chain Headwinds
San Diego-based ResMed (NASDAQ: RMD) posted strong quarterly results last week, beating analysts’ estimates even as ongoing supply chain bottlenecks slowed delivery and sales of the company’s marketing-leading sleep apnea machines and ventilators used to treat COVID patients.
TECH: Company Commits to Science-Based Targets Initiative
On the same day the United Nation’s COP26 climate summit kicked off, Qualcomm (NASDAQ:QCOM) vowed on its company blog to achieve “net-zero” global greenhouse gas (GHG) emissions by 2040.
Carlsbad-based Viasat (NASDAQ: VSAT) on Monday agreed to buy British competitor Inmarsat for $7.3 billion.
TECH: SaaS Startup Sees Explosive Growth
San Diego-based ClickUp has raised $400 million in Series C funding — the single-largest funding round to date in the “workplace productivity” niche of the software-as-a-service (SaaS) market.
TECHNOLOGY: Bay Area Software Maker’s Product Aligns With Salesforce
Chris Rothstein is sold on San Diego. The co-founder and CEO of San Francisco-based Groove counts it as a fast-growing second home for his enterprise software company.
TECHNOLOGY: Detecting Water Underground Helps Authorities Manage Infrastructure
Conserve water. That is the call Californians have heard for years. An Israeli company with its North American office in Rancho Bernardo is taking a technological approach to helping authorities detect and fix pipeline leaks to save resources.
STARTUPS: SEV Co. Preparing for Production
San Diego-based Aptera Motors has named Michael Poirier as the company’s new vice president of finance and technology. The key hire comes as the solar electric vehicle (SEV) startup also unveiled ‘Luna,’ the third model in its inaugural line of three-wheelers.
CYBERSECURITY: Events Offer Numerous Lessons About Security, Incident Response
If a baseball team has a losing season, a typical response is to fire the manager. If a company or an enterprise experiences a ransomware attack or a data breach, does the organization do the same for the person overseeing security? Perhaps but not always.