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Helicoid Industries Finds $2.4M

socalTECH

Indio, California-based Helicoid Idustries , a startup developing advanced composite materials for use in the wind turbine, aerospace, sporting goods, auto parts, defense, and industrial market, has raised $2.4M--the first part of what looks like an ongoing $5M investment round. Helicoid is a spinout of the University of California Riverside.

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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 According to the company, the funding will go to ongoing biosecurity research, including the impact of Japanese Beetles and Gypsy Moths as invasive species. in Small Business Innovation Research (SBIR) funding.

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TruTouch Technologies Ups Series B-1 To $4.3M

socalTECH

Riverside, California- and Albuquerque, New Mexico-based TruTouch Technologies , which develops biometric, alcohol detection systems, said today that it has raised $4.3M The funding came from iTulip Community and Launchpad Venture Group. According to TruTouch, the funding will go towards bringing the company to profitability.

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Reflections On 2019: Andy Wilson, Alliance for SoCal Innovation

socalTECH

What was the biggest news for you/your company this year? Given my fascination with this sector (I also happen to serve on the board of a municipal utility), I have watched with great curiosity an Idealab portfolio company Energy Vault (initially named Energy Cache) evolve over the last decade. READ MORE>>.

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