THE LOCAL BUZZ
Your one-stop newsletter on all things tech in San Diego.
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Happy early Thanksgiving, friends. With the holidays upon us, it may be time to slow down a bit, but our tech ecosystem is still going full steam ahead. There has been some big news recently on fundings and acquisitions, including VelosBio’s $2.75B acquisition by Merck, and eStudySite by Velocity Clinical Research. November fundings have been pretty massive too: Ambrx biotech raised $200M, Prometheus Bio was funded with $130M, RayzeBio launched with $45M, Trust & Will had a Series B of $15M, Gretel.ai had a Series A $12M, DERMALA raised $6.73M, Advice Analytics with $800K, and Adigica Health received funding. You know that means these local founders have been extra busy the last few months. And now it's time for us to lean in and help them grow based on their needs, like hiring. If you know someone good for a role at these companies, let them know!
Have a very happy and safe Thanksgiving!
Cheers,
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Cox Business Brent Bowers and Daniel Martinez
Thanks to our partners at Cox Business for enabling us to tell these stories of inspiring leaders.
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FAST FIVE
Some highlights from this past week in San Diego tech.
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SmartDrive wins 2020 AutoTech Breakthrough Award for Overall Transportation Tech of the Year
Jeff Bezos gives Salk Institute $30M to help fight climate change
The Union-Tribune announced winners of the 2020 Top Workplaces survey in San Diego County
Salk Institute’s Nancy Padilla-Coreano is one of 5 L’Oreal USA’s fellowship winners
Cue’s molecular, point-of-care COVID-19 tests have been deployed to 5 states in an HHS and DOD pilot program
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Maraval Life Sciences, $1.6B raised on $7B valuation through IPO
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Ambrx, $200M with Suvretta Capital Management, Invus, HBM Healthcare Investments AG, Fidelity Management and Research Company, Cormorant Asset Management, BlackRock, and Adage Capital Management
Prometheus Biosciences, $130M with RTW Investments, Point72, Perceptive Advisors, Nestlé, Irving Investors, Eventide Asset Management, Cowen Healthcare Investments, Cormorant Capital, Cedars Sinai Medical Center, and Ascend Global Investments
RayzeBio, $45M with VenBio, Versant Ventures, Samsara BioCapital
Trust & Will, $15M with Jackson Square Ventures, Fifth Third Bank, Northwestern Mutual Future Ventures, AARP, Rosecliff Ventures, Hack VC, Actium Partners, Noah Kerner, Jeff Cruttenden
Gretel, $12M with Greylock, among others
DERMALA, $6.73M with Johnson & Johnson Innovation, True Wealth Ventures, Seventure Partners, and Cove Fund
Advice Analytics, $800K with Seattle Angel Conference 
Viking Scientific, $113.5K with undisclosed investor(s)
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VelosBio by Merck, $2.75B

eStudySite by Velocity Clinical Research, amount undisclosed
Yare Media Group by Visaic, amount undisclosed
DataQ by Power Digital, amount undisclosed
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Qualcomm invested in 5G companies Celona, Cellwize, Azion and Pensando
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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.
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Product Development Engineer, Turtle Beach (Rancho Bernardo)
Project Manager, Lytx (UTC)
Social Media Content Associate, SOCi (Downtown)
Senior Data Engineer, Brain Corp (Sorrento Valley)
Firmware Engineer - AirPods, Apple (UTC)
HR & Operations Specialist, Seamgen (University City)
Customer Success Associate, Tealium (Torrey Pines)
Human Resources Coordinator, Helix (UTC)
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UPCOMING *VIRTUAL* EVENTS
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Enjoy these events from the comfort and safety of your own home. |
REC Innovation Lab Product Development for Startups with Pooja Malhotra & 21iQLabs, November 30
Cooley U – Intellectual Property Basics Presentation on Intellectual Property Basics, December 2
REC Innovation Showcase & Pitchfest Competition Startup teams will present to industry experts, December 5
Black Tech Link & NSBE San Diego Pitch Competition virtual pitch competition and networking party, December 8
Need a computer? COVID-19 Technology Assistance Program, apply here
SoCal Energy Innovation Network Accelerating market traction for energy startups, apply here
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Have a tip or want to share your favorite local taco?
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