To say that we had an incredible year at EvoNexus in 2023 would be an understatement. We are proud to say that our portfolio companies secured a total of just above $438M over the course of the past 12 months. This staggering number rivals the raises that we have seen in years past, even surpassing our 2022 raise of $365M. We also saw four of our graduate companies acquired: Assured Wireless by Nextivity in January, Cardea by Paragraf in May, Atlazo by Nordic in August (fully confirmed in 4Q23), & Koji by Linktree in December.
Throughout the year, we have seen companies grow, products being developed, and companies return to in-person incubation. EvoNexus has also continued to grow throughout 2023, electing the following new board directors:
Thank you to all our Board of Directors and Corporate Partners that financially support EvoNexus and to our Selection Committee Members and Mentors who provide invaluable partnership opportunities for our startups. We would also like to extend a thank you to all of our Directors that are now hosting our events.
The EvoNexus team is kicking off the year at CES Las Vegas, January 8th - 12th. We hope to see you there! Catch us visiting our EvoNexus Portfolio Companies who have exhibits there!
Ixana at Venetian Expo, Hall G - 61249 - Eureka Park
Oculi at Venetian Expo, Hall G - 61432 - Eureka Park
Call for Applications
Are you a company founder or know a company that would be a great fit for EvoNexus? We are currently accepting rolling applications to join our San Diego Incubator. Follow the link below to begin our application process. We look forward to learning more about your innovations!
Our success is a result of the close partnerships we have with some of the world’s leading influential companies, as well as a deep bench of early-stage investors! EvoNexus, further succeeds thanks to the support we receive from our volunteers, selection committee members, and top providers of professional services.
If your company wants to get involved and/or partner with EvoNexus, follow the link below to connect with us.
2023 was the year of EvoNexus. In February, we held a satellite SIG event at Viasat. Using the momentum from 2022 and the Viasat event, we were proud to have the first EvoNexus Demo Day in four years at Qualcomm in June. Twelve companies presented, but only one could win the audience vote; CARI Health, a medical device startup focused in medication management for addiction support, was the one to take the prize! We are so excited to host another Demo Day, as are our many amazing startups who are ready to present their new ventures to an audience.
All in all we were able to hold eight SIG events throughout the year! The first was the Viasat Satellite SIG, followed by our Sharp HealthCare MedTech SIG, then the Cooley MedTech SIG featuring three of our startup founders, the Wilson Sonsini Fundraising and Business Development SIG, the UCSD Semiconductors and AI SIG, the Morrison Foerster Lessons Learned from my Exit SIG that featured three former EvoNexus founders, the BAE ISR SIG, and finally, the Cooley AI Use Cases at the Edge of the Network SIG. Add to that our Demo Day, the Headliner event we held in collaboration with TiE South Coast and Qualcomm that featured Qualcomm's CEO, Cristiano Amon, and the TiE South Coast Shark Tank that featured Rory as a judge, and we have truly had an incredible year for EvoNexus events.
Following the Sharp HealthCare event, it was announced that EvoNexus and Sharp would collaborate in the first EVER incubator partnership with a major hospital system in San Diego. The formal announcement and press release came in late October, along with the opening of an application round. Read more about it HERE.
In addition to this, we were proud to announce a MarketLink program with LG Display in November. This program focuses on display products, creating new markets, utilizing AI, enhancing user experiences, and developing new applications. This partnership leverages an 18-year history of collaborating with LG group seeking early-stage innovation across numerous LG product sectors. Learn more about it HERE. Applications are only accepted through January 21st, so make sure to apply as soon as you can!
CARI Health raises $2.3M in Seed Round to advance remote medication monitoring.
Fabric8Labs closes $50M Series B financing for electrochemical additive manufacturing technology.
SOCi, a San Diego, CA-based provider of a marketing platform for multi-location brands, raised $120M in funding.
ecoATM Gazelle raises an additional round of $50M investment to drive smartphone access and sustainability.
CARI Health awarded NIH Grant of up to $2.8M to advance remote medication monitoring.
Ixana announced YR11, the world’s first high-speed Wi-R silicon chip ready for customer sampling. Wi-R provides smart devices with the ability to securely communicate with touch.
SurvivorNet has announced a partnership with Independa to bring SurvivorNetTV Programming to all 2021, 2022, and new LG Smart TVs via the Independa Health Hub.
Brelyon announced that it is partnering with Velocity Esports, a provider of venues for gamers and esports enthusiasts, to bring Brelyon’s Ultra Reality displays to Velocity locations.
Ionia, Inc. and Bits of Stock, the platform that powers Stock Rewards & loyalty programs, have announced a partnership to give Ionia clients even more ways to deepen relationships with their customers.
Oculi forms strategic partnership with GlobalFoundries to advance edge sensing technology.
ThinkIQ's material ledger technology secures patent.
Sateliot is going to launch the first satellite in history under a 5G standard. From Barcelona to space!
AWS Wavelength and Open Sesame’s SyncStage enable multi-country music jam session over 5G.
QuSecure collaborates with Red Hat to deliver enhanced post-quantum cryptography modernization.
Propelled by suite of generative AI-powered "genius" products, SOCi embraces co-marketing cloud category.
AONDevices introduces breakthrough super low-power, low-latency, customizable edge AI speech enhancement.
GigaIO unveils SuperNODE, a 32-GPU solution for generative AI and accelerated computing.
MD Revolution acquires NavCare to expand remote patient care management services.
MeCo Diagnostics and CNIO announce positive Phase II Study Data.
OmniSync awarded a contract by The Under Secretary of Defense, Research and Engineering to provide AI-powered research impact analysis capabilities.
Climb Channel Solutions launches partnership with GigaIO to support data center connectivity in the channel.
Syntiant and GlobalSense unveil smart sensor edge AI automotive solution.
MeCo Diagnostics and Unravel Biosciences announce a prostate cancer biomarker and drug discovery partnership.
Verizon & Open Sesame Media work with AWS to demo real-time remote music collaboration session.
Saya Life announces collaboration with AXA XL to boost water risk management in multi-tenant properties.
GRIP Molecular Technologies and Molecular Testing Labs announce collaborative development of groundbreaking at-home disease testing platform.
To highlight the new startups that we admitted in 2023, we chose to share the one-liner summaries from three of our recent admissions.
Falcomm is a fabless semiconductor company on a mission to provide the most energy efficient power amplifier and integrated front-end module products for the 5G market.
RyboDyn is an early-stage immunotherapy company that has created a scalable solution for the discovery of unreported cell surface targets to train the immune system to seek and destroy cancer.
Vonova, a Seed-stage medical device company based in San Diego, is developing the Cerebro Atlas System—the less invasive brain interface platform to improve access to treatment for epilepsy and other neurological disorders.
Prepared by EvoNexus Portfolio & Events Manager and Board Liaison, Ashlyn Haines
EvoNexus, 5015 Shoreham Place, Suite 150, San Diego, CA 92122, United States
