SD Tech Roundup: ServiceNow Files IPO, On-Ramp Wireless, SwoopThat
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go public? Peregrine Semiconductor, a fabless wireless chip designer, revived its long-dormant S-1 registration with an updated filing just last week. Genomatica, an industrial biotech, filed for an IPO seven months ago, and still appears poised for its stock offering. IASO Pharma, a biotech focused on treatments for infectious disease, last updated its IPO plans about nine months ago. Two other San Diego companies, Ambit Biosciences and Fallbrook Technologies, withdrew their S-1 registrations in 2011.
—When asked to identify what Qualcomm products are in the latest Apple iPhone and iPad during last week’s Rock Stars of Innovation Summit, Qualcomm CEO Paul Jacobs said he’s contractually precluded from publicly discussing the components Qualcomm supplies to Apple. He then praised Apple for transforming the mobile Internet market. “One of the things we learned from the mobile Internet is that you really need a catalyst to get things going,” Jacobs said. Qualcomm had established the protocols to provide Internet access in mobile devices in the early 1990s, Jacobs said. “But the iPhone provided that catalyzing moment.”
—The Rock Stars of Innovation Summit, sponsored by Connect and Xconomy, included 10 “quick-pitch” presentations by up-and-coming startup companies. The audience favorite was SwoopThat.com, a Web-based business that operates as metasearch engine for college textbook searches. Founding CEO Jonathan Simikin says SwoopThat can help students save as much as 75 percent textbook purchases by aggregating online sales offerings from Amazon, Alibris, AbeBooks and other online book dealers.
—On-Ramp Wireless CEO Joaquin Silva told me he’s preparing to raise $20 million to $30 million in a third round of venture funding needed to expand the company’s technology for long-distance, low-data rate, low-power wireless sensor networks. On-Ramp Wireless is ready to launch its technology, and has targeted utility smart grids as its initial market.