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NZXT Gets $100M For Gaming PCs

socalTECH

City of Industry-based NZXT, a maker of custom, gaming PCs, has raised $100M in a strategic investment, the company said this week. The funding came from private equity investor Franciso Partners.

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Vacos Launches AI Powered Security Camera

socalTECH

City of Industry-based Vacos announced last week that it has launched a new, artificial intelligence (AI) powered video camera, which it says is now available in the US, UK, Germany, France, Italy, Spain, and the Netherlands. The company said the camera is aimed at smart home applications, and is battery powered. READ MORE>>.

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Report: Proterra Raises $100M For Electric Bus Efforts

socalTECH

Proterra , the electric bus manufacturer which has its West Coast manufacturing operations in the City of Industry, has reportedly raised $100M in new funding, based on regulatory filings by the company.

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Proterra Raises $140M To Ramp Production, Hiring In Los Angeles County

socalTECH

Electric bus maker Proterra announced this morning that it has raised $140M in an equity funding round, a chunk of which will go towards ramping up initial production in the City of Industry, and hiring "key personnel" in Los Angeles and elsewhere for its electric bus manufacturing. The funding was managed by J.P.

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Yamibuy Rounds Up $10M For Asian American Ecommerce

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City Of Industry-based Yamibuy , an online e-commerce startup selling Asian snacks, cookies, candy, instant food, tea, and more, aimed at Asian American consumers, has raised $10M in a Series A funding, the company said on Monday. READ MORE>>.

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ReachLocal Up 15 Percent After IPO

socalTECH

The firm, which is headed by Zorik Gordon, was venture backed by VantagePoint Venture Partners, Rho Ventures, Galleon Group, European Founders Fund, and others. The firm sold 4,166,667 shares of stock at $13.00 per share, after pricing below its initial offering range on Wednesday evening, and had traded as high as $15.26 during the day.

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Port Logistics Group Buys Two SoCal Firms

socalTECH

Venture funded Port Logistics Group, a new rollup focused on the transportation, logistics, and distribution industry, said today that it has acquired Rancho Dominguez-based Transport Express, and City of Industry-based 3rd Party Enterprise/Operon, two logistics providers based in Southern California.