article thumbnail

Calnetix Buys Vycon

socalTECH

Cerritos-based Calnetix Technologies said this morning that it has acquired VYCON , the developer off flywheel-based energy storage systems. VYCON was venture backed by BankInvest, Cooper Capital Partners, RWE Venture Capital Funds GmbH, Sumitomo, and Tridus International. Financial terms of the buy were not disclosed.

Cerritos 159
article thumbnail

With $40 million for AuditBoard’s risk and compliance toolkit, LA’s enterprise startups notch another win

TechCrunch LA

Daniel Kim and Jay Lee, the two founders of AuditBoard , a Los Angeles-based provider of a risk and compliance software service for large businesses, grew up middle school friends in Cerritos, Calif.

Startup 155