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BQE Software Scores Private Equity Funding

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Torrance-based BQE said on Wednesday that it has received a "significant investment" from private equity investor Serent Capital. Serent Capital is a private equity investor that invests in technology and tech-enabled software companies. The company was founded by Shafat Qazi in 1995.

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Pelican Products Buys UK Company

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Torrance-based Pelican Products , which is best known for its protective cases and flashlights and other lighting systems, said late Monday that it has acquired UK-based Cool Logistics , a developer of temperature controlled packaging products. Pelican Products is owned by private equity firm Behrman Capital. READ MORE>>.

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Tocagen, Forte Biosciences In Merger

socalTECH

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. READ MORE>>.

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Pelican Rolls Out New iPhone Case Line

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Torrance-based Pelican , the manufacturer of high end protective cases, has rolled out its line of cases for Apple's new iPhone models. The company's Pelican Shield for the iPhone X includes 5 layers of protection, including a layer of "military grade" Kevlar. Pelican is owned by private equity firm Behrman Capital.

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Pelican Products Names Division President

socalTECH

Torrance-based Pelican Products has named a new division president, saying that it has appointed Dave Williams as President of Pelican BioThermal Division, the company''s temperature controlled packaging products division. Pelican Products is backed by private equity investor Behrman Capital. Williams replaces Tom Anderson.

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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 Raises $40M For Concentrating Solar

socalTECH

Torrance-based Amonix , a developer of concentrating photovoltaic solar systems, has raised $40M in a funding round, according to a filing by the firm Monday. The filing indicates the fundraising is part of a $98.23M funding effort being spearheaded by Lazard Freres & Company.

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