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University of California Plans $250M Venture Capital Fund

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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. The fund would seek to invest in companies started on campus, from University research, and from students.

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Helicoid Industries Finds $2.4M

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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

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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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Reflections On 2019: Andy Wilson, Alliance for SoCal Innovation

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What was the biggest news for you/your company this year? The Alliance is following the classic start-up trajectory: transition from the big idea to your beachhead product offering. What new technology area, startup, service, or app did you find most interesting or useful this year, and why?

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Soothe Picks Up $35M More For On Demand Massage Service

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Los Angeles-based on-demand, massage service Soothe has raised another $35M in funding to expand its service into more cities, the company said on Thursday. The funding came from the Riverside Company. The company offers up flat rate pricing on massages, starting at $99.00 for a 60 minute massage.

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Water Planet Raises Series B Funding

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Water Planet said the investment came from Air Liquide's ALIAD Corporate Venture fund, Bluestem Capital and UCLA Venture Fund. As part of the funding, the company said it has changed its name dfrom Water Planet Engineering, LLC to Water Planet, Inc. LG acquired NanoH2O in May of last year, for use in water deslination.

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