TECHNOLOGY: Students Use Defense Product to Assess Fire Danger
When high school students near Denver wanted to study how fire-prone their part of the country was, they tapped a group of technical specialists 1,000 miles away at BAE Systems for help.
Goal Is to Produce Advanced Microchips on U.S. Soil
The U.S. Department of Defense has tapped Qualcomm Inc. and Intel Corp. to help it produce advanced microchips in the United States.
TECH: Designer of Electric Vehicles Hires Vice President of Production
Aptera Motors Corp., the Sorrento Valley company that hopes to mass-produce a three-wheeled electric vehicle that can be powered by the sun, announced a new hire recently. The business brought Pablo Ucar on board as vice president of production and procurement.
DEFENSE: Valuation Now Exceeds $1 Billion
Defense tech specialist Shield AI reached unicorn status late this summer as $225 million in Series D funding pushed the company’s valuation above the $1 billion threshold.
San Diego start-up TOOTRiS is one of three finalists for the Minority-Owned Business Achievement Award.
TECHNOLOGY: Co. Acquires Lessonly, Closes $170 Million Series G Round
Seismic Inc., the Carmel Valley company that offers software for sales professionals, said earlier this month that it has acquired Indianapolis-based training software maker Lessonly for undisclosed terms.
RETAIL: Corporation Says It Has Pumped $2.3 Billion Directly Into Local Economy
Amazon.com Inc. (Nasdaq: AMZN) recently offered some hard numbers about its impact on the San Diego region and the San Diego economy.
Two future partners both started with the same company, 50 years ago on Aug. 23, 1971. Little did they know then that a year later, Rich Papike and Gary van Eik would become partners and buy the company. That partnership is now beginning its 51st year together as San Diego’s TriStaff Group of Companies.
TECH: Platform Offers Customizable Design
Qualcomm unleashed the first ever 5G and artificial intelligence (AI) enabled drone program on Aug. 17.
FINANCE: VC Firm Recruits Investors to S.D.
Moore Venture Partners (MVP), has launched its fourth fund (MVP IV) to continue backing companies in the life science and technology space across all stages of their growth.
TECH: Acquisition Creates Strategic Powerhouse
LawnStarter, the leading provider of on-demand lawn and outdoor care, has acquired San Diego-based Lawn Love Inc. for an undisclosed amount in a cash-and-stock deal.
TECH: Satellite Services Co. Forecasts Top Line Growth Through Early 2023
Satellite services company Viasat Inc. (Nasdaq: VSAT) posted record revenue of $664.9 million in the quarter ending June 30, the first quarter of its 2022 fiscal year.
TECHNOLOGY: Wildfire Systems Expands Offerings, Grows Headcount
Solana Beach-based Wildfire Systems, a company that offers a white-label rewards platform for online shopping and Internet referrals, has raised $15 million in venture capital funding.
BIOTECH: Co. Pulls in $1.13 Billion in Q2
Illumina, a leader in DNA sequencing and array-based technologies, posted a record $1.13 billion in revenue during its second quarter, largely driven by growing demand for DNA sequencing technology.
TECH: Products Report Temperature, Location
Wiliot has secured $200 million in venture capital to build its business of connecting everyday things.