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Groups Join To Promote Innovation, Entrepreneurship in Riverside County

socalTECH

A trio of local groups have teamed together to promote innovation and entrepreneurship in Riverside County, and received approval Tuesday from the Riverside County Supervisors for the effort. The groups have not outlined their agenda for the effort yet.

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Clearlake Capital Sells Calero Software

socalTECH

Santa Monica-based private equity investor Clearlake Capital announced today that it has sold off one of its portfolio firms, Calero Software , to private equity investor Riverside Partners. Financial terms of the sale were not announced.

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University of California Plans $250M Venture Capital Fund

socalTECH

Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venture capital. fund investment capital venture ucsb ucla investor regent ucsd kitepharma finance' Image courtesy Chris Radcliff , via Flickr. READ MORE>>.

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Helicoid Industries Finds $2.4M

socalTECH

Helicoid is a spinout of the University of California Riverside. UC Riverside licensed out the technology for Helicoid in March of 2019, to commercialize their bio-inspired patented helicoid architecture for use in composite materials.

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FarmSense Harvests $2.2M In SBIR Funding

socalTECH

Riverside-based FarmSense, a developer of "smart sensors" for the agriculture market, has raised $2.2M in Small Business Innovation Research (SBIR) funding. According to the company, the funding will go to ongoing biosecurity research, including the impact of Japanese Beetles and Gypsy Moths as invasive species.

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Massage-on-demand company, Soothe, raises $31 million

TechCrunch LA

The Series C round from late stage and growth capital investment firm, The Riverside Company , caps a busy first quarter for the massage service. The massage-on-demand service Soothe seems to be rubbing investors the right way with the close of a new $31 million round of funding.

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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.

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