ScaleMatrix, a San Diego-based company that offers high-density data centers, acquired Arizona-based Instant Data Centers on March 19. Instant Data Centers builds micro data centers for edge computing, which involves processing data as close as possible to the end user. The companies did not disclose the terms of the deal.
SECURITY: Multiple Patents Are Part of Security Solution
Maintaining network security is hard to do when you face a barrage of unnecessary alerts. That’s what MixMode CEO John Keister found out when he began asking prospective clients about their biggest pain points in security.
Built in 1988, the Marriott Mission Valley hotel’s common areas were renovated in 2017.
SD 500 recap: Roxana Velasquez in 2010 became the first woman to be executive director of the museum.
Outside Investors Are Discovering the Early-Stage Opportunities in Local Startups
After several back-and-forth flights to San Francisco, Seismic CEO Doug Winter finally landed his company’s first investment. The San Diego software startup raised $4.5 million from early-stage venture capital firm Jackson Square Ventures.
BIOTECH: ViaCyte Built Up IP, Absorbed Rivals
In 1998, researchers derived stem cells from human embryos for the first time. With the advance came the hope of curing Type 1 diabetes.
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.
The San Diego Padres will commemorate 50 years in the city this year.
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.
CV Sciences is cashing in on rising demand for cannabidiol, or CBD.
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.