Neil and Fred cover San Diego tech news, including Firestorm Labs opening a 60,000 sq ft facility in Mira Mesa and a surge in defense tech investment from Lockheed Martin and Bay Area VCs. They also run through the week's local events and mixers.
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Hey everyone, it is Neil and Fred back at it with you. It's been a bit. We miss y'. All. But we are here with this week in San Diego tech news. Hey, friend, how you doing?
Hey, Neil, it's good to see you. It's glad to be back and excited to be talking about what's happening in San Diego. Startups and tech.
And wow. A lot. We are. It's post Labor Day, which means everyone's back to work. Honestly, I didn't feel like anyone took time off in the summer until like a week or two in August. There was suddenly, you could tell it was like, oh, everyone's out these two weeks. And you know, I did the same except I was working while in the Hamptons in New York. I was really there just to work. And you could tell also people were trying to get in their last few weeks before summer ends, but people are back at it. You and I have been back at doing some events already, not just in San Diego, which we will allude to and talk to here. We're going to do more of like some industry roundups today. We're going to talk about what we're seeing from industry clusters and so why don't you kick us off on the defense tech side?
Yeah. So I would say there's two big trends I'm seeing in the venture capital space. It's defense tech is on fire. It's driven by investments in the Bay Area as well as El Segundo, which we were down there earlier this week for a mixer event as well. As you know, there's been a lot of movement and just growth in the defense tech specs. Defense tech space with Firestorm Labs, they just actually had a grand opening. Earlier this week they announced that they expanded through a 60,000 square foot new facility and that was actually in Mir Mesa. So shout out to Dan, Maggie. They opened the facility just off the hills or their new financing. They've got investments from Lockheed Martin as well as some tier one institutional VCs in the bay Area.
