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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. 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.

Equity 113
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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.

Torrance 113
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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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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. The company--which was founded by former executives at Apple, Inc.--said said the funding was led by Intel Capital, and also included Mission Ventures and Valhalla Partners.

Activity 145
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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.

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
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Active Storage Raises $7.0M More

socalTECH

Torrance-based Active Storage , the developer of RAID storage products for the Apple Macintosh, has raised $7.0M in a new funding round, according to a regulatory filing from the firm Tuesday.

Activity 124