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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. Financial terms of the buy were not announced. READ MORE>>.

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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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Intellisense Spins Out Of Physical Optics Corporation

socalTECH

Torrance-based Physical Optics Corporation (POC), a military, defense, and security integrator, said this morning that it has spun off a new company called Intellisense Systems, Inc. According to POC, Intellisense Systems will also be based in Torrance, and will employ 83 people, with $24M in revenues.

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Tocagen, Forte Biosciences In Merger

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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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Intellisense Systems Wins $4.89M USAF Contract

socalTECH

Torrance-based weather sensor developer Intellisense Systems said this morning that it has been awarded a $4.89M contract from the U.S. Air Force, for the company's compact "Micro Weather Sensor" product. The company said its unattended, 3.5 The company said the sensor was originally developed for the U.S.

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ISSC Acquired By Microchip Technology

socalTECH

ISSC Technologies Corporation , a Taiwanese Bluetooth technology developer which has operations in Torrance, California, has been acquired by semiconductor and microcontroller company Microchip Technology , the two announced today. Microchip said it would pay approximately $328.5M

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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.