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BQE Software Scores Private Equity Funding

socalTECH

Torrance-based BQE said on Wednesday that it has received a "significant investment" from private equity investor Serent Capital. BQE develops time billing and project management software for engineering and professional firms, including the architecture industry. Financial details of the investment were not announced.

Equity 113
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Tocagen, Forte Biosciences In Merger

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As part of the funding, the two said that Alger, BVF Partners LP and OrbiMed have entered into a securities purchase agreement to invest $14 million in the combined company. The merged company will focus on Forte's late-stage clinical program for treating atopic dermatitis.

Torrance 113
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Active Storage Gets Funding From Intel, Others

socalTECH

Torrance-based Active Storage a developer of RAID products for Apple computers, has raised a Series A funding round, the firm said Tuesday afternoon. said the funding was led by Intel Capital, and also included Mission Ventures and Valhalla Partners. Amount of the funding was not disclosed.

Activity 145
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Phyn Taps Into $10M More For AI-Powered Plumbing Monitoring Device

socalTECH

Torrance-based Phyn , the developer of the remarkably advanced water monitoring technology spun out of Belkin, said today that it has raised another $10M in funding, from current investor Uponor. According to Phyn, the new investment will go towards market penetration and to scale the company's operations.

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Amonix Hits $104.4M In Funding Efforts

socalTECH

Torrance-based Amonix , a developer of concentrated photovoltaic power generation systems for the utility industry, has hit $104.4M No details of the funding have been announced by the firm, which is backed by private equity firm MissionPoint Capital Partners.

Funding 133
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Active Storage Raises $1.2M

socalTECH

Torrance-based storage developer Active Storage , which develops Mac- and media-oriented storage arrays, has raised $1.2M in a funding round, according to a regulatory filing by the firm this week. Details of the funding--which looks to be a convertible debt round--were not announced by the company. READ MORE>>.

Activity 145
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Intelligent Optical Systems Gets SBIR Grant

socalTECH

Torrance-based Intelligent Optical Systems , a developer of optical fiber sensors, has scored a Small Business Innovation Research (SBIR) grant from the U.S. The EPA said that the funding for Intelligent Optical Systems will go to a sensor for for detecting carbon emissions from deep storage sequestration reservoirs.

Torrance 154