This Week in San Diego Tech - June 20, 2025

20 Jun 2025 · 37 min
36:42

Neal Bloom and Fred Greer recap San Diego tech activity: Seaside Equity Partners closed two funds totaling $723M, Nvidia acquired Gretel for $300M+, and Qualcomm bought Alpha Wave Semi for $2.4B. Q1 funding slowed but deal flow continued, with Retrorate raising $2.2M and Cadre AI exiting stealth.

Questions this video answers

Press release dropped June 9, 2025; raised about $2.2 million (reported as ~$2+ million).

Raised $723 million across two new funds (a $550M fund and a $155M fund); reported assets under management ~$1.35 billion.

Qualcomm acquired Alpha Wave Semi for $2.4 billion (as reported in the episode).

Gretel (referred to as 'Grettle' in the conversation) was acquired by Nvidia for over $300 million (reported as ~ $300M+).

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