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Booz Allen Hamilton Ventures is investing $200 million in its corporate venture capital arm to support defense tech startups in areas like drones and AI. Firestorm Labs has expanded operations in San Diego and secured a $47M Series A funding round. Trovata, a cash management platform for banks, raised $9M in its Series B round.
Booz Allen Hamilton Ventures is committing $200 million to its corporate venture capital arm to support defense tech startups. Saronic Technologies has moved into an 80,000 sqft facility in Downtown San Diego. Thatch AI and Personal AI have opened new offices in Silicon Valley.
Carlsmed, a spine surgery firm using AI, went public on July 23, raising $100 million at $15 per share. Frazier Life Science raised a $1.3 billion fund to back life science startups. Cooler Heads secured an $11M Series A funding round to scale manufacturing.
Artiva Biotherapeutics celebrated its first year trading on the Nasdaq, while Avidity Biosciences marked five years on the exchange. Debut Biotech was recognized by TIME as one of 2025's most influential companies. Alexandria Real Estate Equities signed a record-breaking 466,000 sqft lease with Novartis in Sorrento Valley.
Poseida Therapeutics has moved into a 50,000 sqft office in UTC La Jolla, while the J. Craig Ventrer Institute leased space in Downtown's IQHQ Building. Clearpoint Neuro occupies a 30,000 sqft building in Torrey Pines. Savills has opened a new 5,000 sqft office in Carmel Valley.
Fred Grier is an award-winning business journalist and senior associate at JLL, advising companies on real estate expansions in tech and life science sectors in San Diego. Contact him at [email protected].
