May 11, 2021
THE LOCAL BUZZ
Your one-stop newsletter on all things tech in San Diego.

Fueled by:
Did someone forward this to you? Subscribe by clicking on the button below:
BLOOMBITES
Local acquisitions seem to be in bloom this spring, as you can see in our current and recent newsletters. While most of these acquisitions have been in tech, life sciences are also getting some action, such as MindTouch, JLab Audio, Perspectium, PowerDot, Sensemetrics, GenMark, and Decipher Bio.

A positive trend around this is that most of these acquisitions are by larger companies in a similar space and not by private equity. This typically helps keep a company locally rooted and grow, as opposed to reducing staff, which San Diego exits have been plagued with.

A few other recent acquisitions that have seen teams stay and grow locally include GreatCall by BestBuy and Lumendyne by Google. Exits that keep the team and recycle capital back into the community certainly have some big impacts. We’ll continue to highlight those.

Also, maybe you saw last week’s ransomware attack on Scripps Medical? While these seem to be so often that they feel benign, they are wreaking havoc on local institutions, including the Port of San Diego, another victim in 2018.

Many don’t know how the cybersecurity community comes together to help respond and get our companies back online in San Diego, but it highlights the bigger need for technology and how San Diego is poised to help, from private to military solutions.

The San Diego Cybersecurity community is strong and so we’re bringing everyone together for an intimate tech networking event, the first in a new series called Fresh Brewed Tech Live.

Join us on June 15 for Cybersecurity Night where we’re going to expertly match industry professionals for curated meaningful connections and thought leadership. Speakers being announced shortly.

Fast Five Stories of the week:
  • VillageUp releases data on the diversity of the San Diego Startup community
  • New SD Workforce Partnership program and grant is helping train new cybersecurity talent locally
  • Startups are leaning into new found success through crowdfunding
  • Chipotle and Jason Mraz are launching a sustainable farms accelerator. Applications due May 27th
  • San Diego logistics tech continues to ride the global trend of growth

Join us every Friday at 12:30 p.m. on Clubhouse, where we dive into these stories with Jonah Peake and tech reporters from the UT and SDBJ.

Cheers,

Follow @FreshBrewedTech on Twitter for daily SD tech news.
Our partners at Tragic Media helped a San Diego startup build a platform that empowers activists and non-profits to connect and change the world.
Click below to learn more.
TACOS & TECH PODCAST

Scot Chisholm is one of the original founders of Classy, the highly successful San Diego social enterprise helping nonprofit organizations maximize their fundraising through its online tools targeted at a younger generation.
JOBS SPOTLIGHT
During the current shift in the world of work, many San Diego companies are still hiring. This live job board by SD Life Changing, StartupSD, and Connect shows open roles. Companies can add their roles if they are hiring, too.
Exec. Director, Rady CA Institute for Innovation

Director of Product

Partner Sales Manager

Director, Partner Operations

Sr. Human Factors Engineer
Staff Content and Experience Marketing Manager

Director, Off Premises and Innovation

Intern, Client Strategy

Sales Development Representative

Returnship, Software Engineer
UPCOMING *VIRTUAL* EVENTS
Enjoy these events from the comfort and safety of your own home.
Women Return To Tech
Athena

Data Week by General Assembly

5-Day Virtual Conference
Startup San Diego
Affinity Meeting
Diverse Founders Survey 2021

Cybersecurity Night
Fresh Brewed Tech Live

California Female Founders
General Assembly San Diego
ORIGINAL BREW
Our team of local writers gives a fresh look inside the San Diego tech ecosystem past and present.
While working in user experience (UX), Josh Cooley grew curious about what his co-workers thought about the company’s product and how they thought it could be improved. That curiosity led to Cooley creating Incubie, a Slack-centric web application that brings everyone’s ideas together.
RECENT DEALS
Boundless Bio, oncology therapeutics, $105M Series B with Ra Capital, Fidelity, Alexandria Ventures

Blossom Hill Therapeutics, oncology & autoimmune disorders, $71M Series A with Cormorant Asset Management

ViaCyte, regenerative diabetes medicine, $54M 

Adcentrix Therapeutics, cancer therapeutics, $50M Series A with C-Bridge Capital, Boyu Capital

Rejuvenate Bio, novel gene therapy for dogs, $14.5M

Vence, animal protein agtech, $12M Series A with JMI Equity, Eniac Ventures, Tyche Partners

Kneron, AI semiconductors, $7M with Delta Electronics

Cross Vascular, cardiovascular tech, $3.5M Seed with Mountain Pacific Venture Partners

Burnt Finance, decentralized auctions, $3M Seed with Alameda Research, Multicoin Capital, Defiance Capital
ACQUISITIONS
Xombat Development by Trophy Games

Perspectium by BitTitan

Amplyx Pharma by Pfizer

Sensemetrics by Bentley Systems
PatientSafe Systems by Vocera Communications

Cause4Action by Network for Good

Agribody Technologies by Global Clean Tech Energy Holdings
TACO TO YOU LATER

Have a tip or want to share your favorite local taco?
Feel free to tell us about it: techos@freshbrewedtech.com