The Board of Directors, management and legal team and financial advisers have yet to make an official decision as to which direction the company will go in or what timetable it is considering, but the company did say it has had discussions with potential buyers.
Kratos Defense and Security Solutions Inc. said on Dec. 18 that it received a contract award for products and hardware supporting military electronics. The deal is worth approximately $4 million and the business did not name its client.
Financing rounds since 2013 have grown larger in San Diego life sciences. A look at annual median deal size shows an increase, from early-stage seed financing to Series A, C and D rounds. Only Series B rounds have remained flat in recent years.
One of the challenges facing Bill Walton and the San Diego Sport Innovators when they spun out of Connect in 2010 was how to define the Sports and Active Lifestyle (SAL).
Two former Silicon Valley investors have launched a San Diego-based tech fund.
PROPERTY: High-Density Development Reshaping Area
Before there was Mission Valley, there was El Cajon Boulevard. It was the place to go in San Diego to shop and dine. It was the main route into the city from the east.
Aristea Therapeutics emerged Dec. 18 with a $15 million series A round and mission revolving around inflammatory diseases.
According to a press release, the closure will make way to a brand new employee parking lot as a result of the loss of the existing employee parking due to construction of a new stormwater infiltration system.
STARTUPS: ThinkTank Launched First Cohort In December
Already a hub for San Diego’s startups, University City has landed a new coworking space and a new startup incubator.
The acronym is K.I.S.S. Or, “keep it simple, stupid.” But, simple doesn’t necessarily mean easy. Just ask Burger Lounge’s President and CEO J. Dean Loring.
Cubic Corp.’s newest technology acquisition, Trafficware, celebrated the expansion of its space in Texas during ceremonies on Dec. 17.
According to Ryan DiVita, the company’s director of sales and marketing, the airline will also add a spare aircraft, to be parked at Carlsbad’s McClellan-Palomar Airport, starting at the end of the year as a precaution for the future.
Flores Financial Services, a San Diego-based accounting and HR business for restaurants and grocery stores, added a new service that lets its clients better track costs.
Shares of Evofem rose on Dec. 17 after the company reported that its birth control gel worked as intended in late-stage clinical trials.
According to a WARN filing, the company will be permanently closing starting Jan. 26, leaving 211 without jobs.
Seismic's $100 million series E round pushed its valuation above $1 billion.
Serial biotech entrepreneur Jonathan Lim is back at it.