AEROSPACE: Kratos Buying 80.1% of Co. With Option to Buy the Rest
Kratos Defense and Security Solutions Inc. continues to develop its unmanned aircraft business, as shown by its recent acquisition of a company that makes small jet engines in February, and the first flight of a drone in March.
Qualcomm Ventures led an $18 million round in CyberX, one of many recent investments the San Diego company has made in industrial IoT companies.
San Diego-based Axos Bank said earlier this month that it received federal regulatory approval to take on the deposits of MWABank, which amount to $173 million. Axos Financial Inc. (NYSE: AX) originally announced its plan to take on MWABank in December.
Built in 1988, the Marriott Mission Valley hotel’s common areas were renovated in 2017.
San Diego-based Beta Wealth Group launched Beta Asset Management on Friday.
CalPrivate Bank and its holding company, Private Bancorp of America, announced on March 22 that it has named Brett Lawrence to its board of directors.
INVESTMENT: Seismic Did Its Homework and Obtained Introductions
Raising a funding round for a startup isn’t easy. Doug Winter should know. He’s raised four since he founded Seismic in 2011.
BUILDING: Developers Applaud End of Regulation
Tim Foley, a San Diego developer who specializes in building infill apartment projects in the city’s urban neighborhoods, said he’ll likely be able to build more apartments for less money thanks to a new law that eases parking requirements.
RETAIL: Owner Makes Deals With Farmers, Also Does Own Roasting
It was a conversation with a very candid customer in the early 1990s that set Jeff Taylor, president and co-owner of Bird Rock Coffee Roasters Inc., out to find the best coffee in the world.
PHARMA: Drug Used to Reverse Antiplatelet Activity
PhaseBio’s stock jumped March 18 after the company’s lead drug candidate showed promise in an early-stage clinical study.
BIOTECH: Local Co. Gains Global Reach In Sales, Marketing
CureMatch, a San Diego-based software startup that helps oncologists identify treatment options for patients, recently landed a big corporate partner.
TECH: Rising Tech Scene and Lower Cost of Living Draws Co.
Comma.ai, a startup developing driver assistance systems for everyday vehicles, has moved its headquarters from San Francisco to San Diego.
BANKING: The Cryptocurrency Policy Is Drawing Customers
San Diego-based Silvergate Bank brought on new customers at the end of 2018, but saw its digital deposits decrease quarter-over-quarter. The crypto-friendly bank filed for an IPO last November, with a price target of $50 million.
San Diego County has its share of military construction projects that might take a back seat to construction of a wall on the U.S.-Mexico border.