Report Puts Cybersecurity’s Economic Impact at $3.5 Billion

Sector Affects San Diego Like Nine Super Bowls or 23 Comic-Cons; Military Is a Key Driver

San Diego County’s cybersecurity cluster is an economic giant and a growth engine. It accounts for 24,349 jobs across 874 firms, and has a total economic impact of $3.5 billion annually, according to an economic study released late this month.

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Join SDBJ & CCOE for July Cyber Threat Landscape Panel

Part of Continuing Commitment to Cybersecurity Information

As part of its continuing commitment to informing and helping its readers understand the complexities of cybersecurity, the San Diego Business Journal is partnering with the Cyber Center of Excellence for a special cyber panel discussion that will be available to view on on July 26.

TigerGraph to Add 100 Jobs

TECH: Co. Opening Innovation Hub

TigerGraph, a database and analytics company, will open a research and development center in San Diego that aims to employ more than 100 technology workers.

Occuspace Provides Organizations with Occupancy Data

TECH: Co. Has Major Universities Using its Technology

San Diego-based Occuspace, an IoT occupancy data solution provider, has seen significant growth from universities and businesses, such as restaurants, gyms, ski resorts and apartment communities, over the last year in part due to the pandemic.

Asian Business Association Receives $150,000 From AT&T

AT&T Inc. (NYSE: T) has awarded $150,000 to the Asian Business Association of San Diego as part of the corporation’s effort to support California’s Asian American and Pacific Islander community during a challenging time.

Ecwid Acquired by Lightspeed

Co. Purchased for $500M Cash and Stock

Ecwid, an Encinitas-based e-commerce technology firm which helps small business owners to set up online stores, is being acquired by Lightspeed for $500 million in cash and stock.

Carlsbad Startup to Design Charging Station for NASA

TECH: Cos. Will Work to Bring Tech to the Moon

A novel lunar charging station fueled by solar cells could power up future NASA moon missions through a new partnership between San Diego’s mPower Technology and Honeybee Robotics.

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FormAlloy Harnesses Additive Process to Grow

MANUFACTURING: Technology Shows Potential During Pandemic’s Supply Chain Troubles

FormAlloy, which specializes in additive manufacturing in metal, has outgrown its 6,500 square feet of space in Spring Valley. The business has doubled in size each year, with its staff growing to more than 15, said co-founder and CEO Melanie Lang.

Fintech Startup Raises $15 Million

Blooma Has Major Customers Using its Platform

San Diego-based Blooma, a fintech startup which makes software to streamline underwriting for commercial real estate loans, has raised $15 million in a Series A round of venture capital funding.

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Road Test for Achates Power

TECHNOLOGY:Walmart To Try Out Novel Engine

The day is coming when Californians won’t be able to buy new passenger cars with gasoline engines. Even so, leaders at Sorrento Valley-based Achates Power believe there will still be a need for fossil fuel engines.

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Oxford-based Microscope Maker Arrives in UTC

TECHNOLOGY: Seeking Global Presence, ONI Chooses San Diego as New Headquarters, Plans to Hire

Oxford Nanoimaging (ONI), the maker of a desktop microscope that lets scientists see single cells at the molecular level, has moved its headquarters from Oxford, England to the University Towne Center.

Businesses Find Many Opportunities

Advertising, Fashion, Surfing Cos. Optimistic

WowYow, a North Park-based visual artificial intelligence company, has received investment from Launch Factory and Andy Ballester, the co-founder of GoFundMe.

Mitek Systems Makes Acquisition, Sees Record Profits

FINANCE: Firm Closes $49M Deal; Surpasses $100M in Revenues

Mitek Systems, which makes software geared to mobile image capture and identity verification, has acquired startup ID R&D in a $49 million deal.

Liquid Instruments Raises $13.7M in Series B Round

TECH: Co. Builds Portable Lab Technology

Liquid Instruments, a local company and maker of an 8-in-1 scientific measurement device geared towards students and engineers, has raised a $13.7 million Series B round in venture capital funding.

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ecoATM Lands $75M

San Diego-based ecoATM has raised $75 million to support growth.