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Helicoid Industries Finds $2.4M

socalTECH

Indio, California-based Helicoid Idustries , a startup developing advanced composite materials for use in the wind turbine, aerospace, sporting goods, auto parts, defense, and industrial market, has raised $2.4M--the first part of what looks like an ongoing $5M investment round. READ MORE>>.

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WurkNow Gets $10M

socalTECH

Riverside, California-based WurkNow, a developer of a digital staffing and workforce management software product, has raised $10M in a Series A funding, according to the company. The company said the round was led by Newport Hayseed Group, which is based in Newport Beach. The company is led by CEO and co-founder Sammy Singh.

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Water Planet Raises Series B Funding

socalTECH

Los Angeles-based Water Planet , which develops water treatment membranes, said today that it has raised a new, Series B funding round. Size of the funding was not disclosed. Water Planet said the investment came from Air Liquide's ALIAD Corporate Venture fund, Bluestem Capital and UCLA Venture Fund.

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SolarReserve Claims Progress On Power Projects

socalTECH

Santa Monica-based SolarReserve , the developer of utility scale solar power projects, claims today that it is proceeding with purchases of long-lead materials and equipment on its Crescent Dunes and Rice Solar Energy projects. READ MORE>>.

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Steve Poizner Boots Up New Southern California Tech Nonprofit

socalTECH

Steve Poizner , the former California gubernatorial candidate and former founder of SnapTrack (which he sold to San Diego's Qualcomm), says he has created a new group called the Alliance for Southern California Innovation , which will focus on further developing Southern California's entrepreneurial ecosystem. READ MORE>>.

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SolarReserve Gets CPUC Approval On Project

socalTECH

Santa Monica-based SolarReserve , the well-backed developer of solar thermal power plant technology, reported today that Pacific Gas and Electric (PG&E) has received approval from the California Public Utilities Commission (CPUC), for the 25-year power purchase agreement announced last December by the firms.

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Reflections On 2019: Andy Wilson, Alliance for SoCal Innovation

socalTECH

Instead, we will focus on helping high potential start-up communities like DTLA and Riverside gain momentum, connecting the fourteen SoCal start-up communities into a vibrant network and working with top corporations like Edison and Kaiser get more integrated into the robust and diverse SoCal innovation ecosystem.

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