Tom York on business: San Diego start-up Kandji moves closer to unicorn status with final funding round
Starting San Diego Software Kandji, says it has raised $ 100 million in Series C funding. The impressive amount is the third in the past 12 months, and in fact the company has $ 181 million so far. That gives it a valuation of $ 800 million, approaching the status of a $ 1 billion unicorn.
Investment firm Global Tiger led the round with the participation of a number of venture capital firms, including Definition, First line Companies and existing investors Capital of the first round, Greycroft, Felicis Ventures, The Spruce House Partnership, Group B Capital, Capital SVB and Okta Ventures.
Founder and CEO Adam pettit says his startup provides customers with an easier way to manage Apple devices on a corporate network. He told a reporter from the online publication TechnologyVSto run that the pandemic and the phenomenon of working from home have sparked customer interest in the technology.
In fact, revenues have increased by over 700% in the past year.
Petit says more than 1,000 companies are using the platform.
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Another fast-growing San Diego startup, Workiz, said it raised $ 40 million in a recent Series C round led by a venture capital firm Advance capital with the participation of G squared and The House and followed by existing investors New era, Magenta Venture Partners and Maor Investments.
The company will use the funds to expand its operations, while recruiting more talent and expanding its customer base, according to a press release.
Idan Kadosh, Erez Marom, and Saar Kohanovich started the business. All three were frustrated with the difficulties of managing and growing the business side of their locksmith business while outsourcing back office operations.
According to a press release, most of the home services market still uses old management methods – such as pen and paper or computer spreadsheets – to manage tasks ranging from scheduling clients to billing and tracking.
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And yet, a third startup has joined the fundraising crowd.
San Diego medical platform for an artificial intelligence and visualization company LifeVoxel.AI says it has raised $ 5 million in seed funding.
Specialists in the medical and radiological fields, as well as strategic investors in medical technology and family offices invested in the tower.
LifeVoxel claims its technologies provide instant access to interactive imaging studies and latency-free data, rendering results in 4K image quality.
San Diego Surgeon Sean pakbaz, who co-developed the large-scale stroke treatment program and an advisor to the startup, said in a prepared statement: âIn stroke care, the time to diagnosis and treatment is the most important factor in patient outcomes.
From a clinical perspective, LifeVoxel’s patented platform will allow instant engagement with the patient and their data from anywhere, reducing response times and dramatically improving their quality of life after stroke.
The National Science Foundation recognized the technology as revolutionary, providing a grant for its advancement and adoption of artificial intelligence for medical imaging. The United States FDA has also approved the technology for use in the diagnostic interpretation of medical images.
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San Diego World Trade Center appointed a satellite communications and fleet management provider Blue Sky Network as a winner of its MetroConnect Export Accelerator Program.
Blue Sky is a provider of satellite communication and fleet management solutions for aviation, marine and IoT customers. He says he will use the $ 25,000 prize to expand in Brazil and promote the launch of a new product internationally.
According to a new version, MetroConnect has helped 80 companies achieve a net increase of $ 95 million in international sales, as well as 543 international contracts and 22 overseas facilities. It’s over a five-year period.
This international growth coincided with 269 new hires here in San Diego.
The World Trade Center annually selects 15 export-ready companies to receive $ 5,000 export subsidies, access to executive workshops, translation software, discounted international airfares, and a chance to win $ 25,000 to help expand overseas markets.
The Trade Center operates as a subsidiary of the San Diego Regional Economic Development Corporation. According to the standard text of its website, the agency is working to strengthen San Diego’s global competitiveness by creating an export pipeline, attracting and retaining foreign investment, and increasing San Diego’s global profile to the ‘foreigner.
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The growing East Village of San Diego nabbed last spot on a list of the 20 best American neighborhoods for new apartment construction.
San Diego came in at No. 20. Los Angeles took first place on the list. Atlanta came in at # 2.
The list was part of a study conducted by RentCafe, a national apartment finding website.
In a press release, a spokesperson said: âIn analyzing construction data for the 50 largest US cities, we found that the 20 most active neighborhoods for new apartments were mostly hyper- areas. urban and centralâ¦ highly sought after by millennials and millennials. “
The study noted that new apartments continued to appear across the country despite the challenges caused by the COVID-19 pandemic. About 1.6 million new apartments nationwide have been built in the past five years.
This includes 2,699 new apartments in San Diego. East Village’s share of new apartments in the city now represents 22% of the total market.
To prepare the report, RentCafe analyzed construction data in the 50 largest US cities. The data comes from the US Census Bureau.
The study is based on data relating to buildings of 50 units or more constructed between 2017 and 2021.
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At a recent dinner of the San Diego Chapter of the General Contractors of America, local entrepreneur Pacific Construction Group was honored for his work on Portside Pier, which he calls “a complete makeover of San Diego’s waterfront restaurant flagship site.”
The $ 25 million project, located on North Harbor Drive, includes a 42,000 square foot two-story building with observation decks. The buildings rest on 48 piles driven into the bay.
Architectural features include the use of curved steel and zinc shingles on a barrel-shaped roof representative of an ocean wave; two stick-framed glass structures spanning 26 feet and 31 feet high that resemble fishing baskets; and a 3,000-pound three-dimensional octopus wall sculpture.
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Finally, this item to note: Chinese electric car maker with strong growth Xpeng, which has an office in San Diego as well as Silicon Valley, unveiled its new flagship smart SUV G9 at the recent 19th Guangzhou International Auto Show.
The company said in a press release that the car was its first model developed from scratch for the international and Chinese markets.
Tom York is a Carlsbad-based freelance journalist who specializes in writing about business and economics. If you have any tips you would like to share, send them to email@example.com.