San Diego funding news: Apps and artificial intelligence top recent local investments

San Diego funding news: Apps and artificial intelligence top recent local investments
Photo:  Matam Jaswanth/Unsplash
By Hoodline - Published on August 26, 2019.

San Diego-based apps and security company Edge has secured $400,055 in seed funding, according to company database Crunchbase, topping the city’s recent funding headlines. The cash infusion was announced on August 19.

According to its Crunchbase profile, "Edge is an SDK platform that enables its users to develop security applications for its clients. Its product range includes client-side encryption, data backup, password recovery, blockchain technology, private key authentication, IoT, financial applications, bitcoin and private messaging. Edge (formerly Airbitz) was founded in 2014 and is based in California."

The company has raised two previous funding rounds, including a $450,000 seed round in 2015.

Over the past year, eight San Diego-based apps companies have secured venture funding, totaling $85 million in new investment to the local industry.

In other local funding news, autonomous vehicles company TuSimple announced a corporate round on August 15, financed by UPS Ventures. A dollar figure was not disclosed.

According to Crunchbase, "TuSimple is a global self-driving truck company based in San Diego and operating self-driving trucks out of Tucson, Arizona. Founded in 2015, TuSimple is developing a commercial-ready Level 4 (SAE) fully autonomous driving solution for the logistics industry. TuSimple’s trucks are the first and only capable of self-driving from depot-to-depot and do so every day for its customers."

Founded in 2015, the company has raised five previous rounds, including a $105 million Series D round earlier this year.

This story was created automatically using local investment data, then reviewed by an editor. Click here for more about what we're doing. Got thoughts? Go here to share your feedback.