May 23rd, 2023
THE LOCAL BUZZ
Your one-stop newsletter on all things tech in San Diego.

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BLOOMBITES
It’s a whirlwind time in startup land. From valuations dropping in public and then to private markets, crypto exchanges and banks collapsing.

And yet AI is having its hype cycle moment which is getting some serious worthy attention. The toolsets are making it so easy for consumers to get building and it’s energizing serial founders to build again.

For me, it’s a great time to be investing. But as David Friedberg mentioned at our Interlock Summit, there’s a serious dust cloud that’s hard to see through. It’s noisy and the otherside is not in sight yet.

But that’s where us entrepreneurs and operator-investors are used to living, in the uncomfortable zone.

If you’re building in AI, let me know. I’m looking to build some community around this.

Cheers!
TACOS & TECH PODCAST
In the latest episode, we sat down with Tech San Diego's Executive Director, Kevin Carroll, to talk about the tech community in the region. Kevin shares how they help the companies they engage with, their talent portfolio, and how they help in recruiting local talent.
ORIGINAL BREW
Did you catch our latest Tacos and Tech podcast? Neal Bloom and Fred M. Grier discuss San Diego Tech Hub, Major League Soccer expansion into SD, and upcoming events in our recent This Week in San Diego Tech News.
JOBS SPOTLIGHT
The talent market is hot, especially for tech talent. Check out our new job board by Fresh Brewed Tech for all the awesome job opportunities in San Diego.
ResMed (San Diego)

Therapeutics Inc. (San Diego/hybrid)

Aspen Neuroscience (La Jolla/hybrid)

Dexcom (San Diego)
Thermo Fisher (Carlsbad)

ServiceNow (San Diego)

Leidos (San Diego)

Procede Software (Solana Beach/hybrid)
Many thanks to our sponsor harpoon for supporting us! harpoon is a drag and drop Kubernetes tool for deploying any software in seconds, and has all the features you need to be successful in deploying and configuring your software using the industry-leading container orchestrator, all with no code.
Check it out today!
UPCOMING EVENTS
Zcash San Diego, May 30

Startup Grind Carlsbad, May 31

Bank of America, Application due June 8

EvoNexus, June 30
RECENT FUNDINGS
Boundless Bio, precision oncology company developing therapeutics directed against extrachromosomal DNA (ecDNA) in aggressive cancers, $100M Series C with Leaps by Bayer, RA Capital Management

Ray Therapeutics, biotech company developing optogenetic gene therapies for patients with blinding diseases, $100M Series A with Novo Holdings

Cullgen, drug discovery services intended to create new drugs for the treatment of diseases that currently lack effective therapies, $35M Series C with AstraZeneca-CICC Venture Capital

Inertia, location-driven construction management platform that provides solutions to alleviate jobsite productivity challenges, $13.2M 

Mulligan Funding, financial services company providing small and medium-sized businesses with working capital, $5M

Lasso MD, martech platform for SMB healthcare practices, $2M Seed with Trestle Partners

Algenesis, material science and technology company that helps the planet recover from the pollution by-products made from fossil fuels, $1.3M 
ACQUISITIONS
Positive Change Counseling Center by ARC Health

ManagedLab Services by Flagship Facility Services

Social Supply by Inspira Marketing Group

hellojenny by Foundry Commercial

Gillco Ingredients by Azelis

XinThera by Gilead Sciences

Bizness Apps by BuildFire

La Jolla Logic by Boecore

Cardea Bio by Paragraf
SD-BASED INVESTORS IN THE NEWS
HBCU Founders Accelerator invests in Gradify, SoleSafe, Guilde, AllPeep, Transition

Correlation Ventures invests in IDPartner, Dori, SapientAI, Neura Health

Qualcomm Ventures invests in DeepHow, Ethernovia

Spark Growth Ventures invests in Promaxo

Takeda Ventures invests in OncoResponse

City Hill Ventures invests in Boundless Bio

Wells Fargo invests in Adept AI, Axoni 

LAT VC invests in BaseCap Analytics 
TACO TO YOU LATER
Happy Memorial Day!
Have a tip or want to share your favorite local taco?
Feel free to tell us about it: techos@freshbrewedtech.com