Silicon Beach Report June 19: Torrance Company Contracted by Homeland Security
L.A. Business Journal
JUNE 19, 2018
Torrance company contracted by Homeland Security; Quest International expands in Europe; Scratchpay gets $6.4M in series A funding
LivingSocial Shuts Torrance Facility, Cuts 400
socalTECH
NOVEMBER 6, 2014
In a major Los Angeles area layoff, daily deals and offers service LivingSocial is closing a sales facility in Torrance, and cutting 400 employees throughout the company, as part of a restructuring. The company said the moves comes as it shifts away from a daily deal towards an online marketplace. READ MORE>>.
Torrance 
138
138 Join 5,000+
Insiders
Sign Up for our Newsletter
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Trending Sources
Pelican Products Buys UK Company
socalTECH
FEBRUARY 4, 2014
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>>.
Product 138
138 
Intellisense Spins Out Of Physical Optics Corporation
socalTECH
FEBRUARY 23, 2018
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.
Torrance 113
113 
BQE Software Scores Private Equity Funding
socalTECH
MARCH 25, 2021
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
113 
CarParts.com Expands Board
socalTECH
NOVEMBER 12, 2020
Torrance-based CarParts.com , which operates an online marketplace for car parts, said this morning that it has added a new member to its board of directors. The company said that it has added Dr. Lisa Costa, Chief Information Officer at the U.S. The company said Costa oversees a $1.2 The company said Costa oversees a $1.2
Torrance 124
124 
Faraday Future Signs Lease on Central Valley Manufacturing Facility
L.A. Business Journal
AUGUST 8, 2017
Torrance-based electric car maker Faraday Future has inked a deal on a 1 million-square-foot manufacturing facility in the Central Valley, the company announced Monday.
Torrance 124
124 
The Lundquist Institute Gets $1.75M
socalTECH
JULY 22, 2020
Torrance-based The Lundquist Institute for Biomedical Innovation announced on Tuesday that it has received $1.75M as a donation, to fund a multi-site, clinical trial to evaluate the efficacy and safety of the compound psilocybin in individuals with severe psychological distress associated with a terminal medical illness.
Torrance 113
113 
Tocagen, Forte Biosciences In Merger
socalTECH
FEBRUARY 20, 2020
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>>.
Torrance 113
113 
Intellisense Systems Wins $4.89M USAF Contract
socalTECH
SEPTEMBER 18, 2018
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. READ MORE>>.
Phenomenex Acquired By Danaher
socalTECH
OCTOBER 12, 2016
Torrance-based Phenomenex , a manufacturer and distributor of consumables for the life sciences market, said today that it has been acquired by Danaher Corporation. Phenomenex will remain in Torrance, and continue operating under its current brand, personnel, and site locations. Financial terms of the acquisition were not disclosed.
Torrance 100
100 ISSC Acquired By Microchip Technology
socalTECH
MAY 22, 2014
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
Torrance 138
138 
Pelican Rolls Out New iPhone Case Line
socalTECH
SEPTEMBER 15, 2017
Torrance-based Pelican , the manufacturer of high end protective cases, has rolled out its line of cases for Apple's new iPhone models. The company's Pelican Shield for the iPhone X includes 5 layers of protection, including a layer of "military grade" Kevlar.
Torrance 113
113 
DocMagic Buys eSignSystems
socalTECH
OCTOBER 16, 2014
Torrance-based DocMagic , which develops loan document preparation and compliance software, said Thursday that it has acquired eSignSystems , a provider of electronic signature products, from Wave Systems Corp. As part of the acquisition, DocMagic said it is bringing on the entire management team of eSignSystems to the company.
Torrance 147
147 Phyn Taps Into $10M More For AI-Powered Plumbing Monitoring Device
socalTECH
FEBRUARY 13, 2018
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.
Phyn Expands Water Monitoring Products
socalTECH
JANUARY 6, 2020
Torrance-based Phyn , the Belkin spinoff which develops very advanced hardware used to monitor the usage of water in the home, has expanded its portfolio of products, the company said over the weekend at CES. According to the company, it has added two new products to its XL series of products, the Phyxl XL 1.5" and Pyn XL 2".
Product 100
100 
Verengo Solar Sells Assets In Bankruptcy Sale
socalTECH
SEPTEMBER 26, 2016
Torrance-based residential solar installer Verengo Solar announced late Friday that it has sold substantially all of its assets to Crius Solar Fulfillment LLC , which is a subsidiary of Crius Energy Corporation. Financial details of the sale were not announced. READ MORE>>.
Sales 100
100 
Abalta Technologies Looks To Link Smartphones, Connected Cars
socalTECH
MARCH 22, 2013
Torrance-based Abalta Technologies , which develops software for the automobile industry, said this week that it has launched a new product which helps sync smartphone driving apps with any connected car. The company's CEO is Michael O'Shea, who has previously served at such companies as InfoGation and NAVTEQ. READ MORE>>.
Torrance 147
147 
Faraday Future Sued By Faraday Bicycles In Trademark Suit, Adding To Legal Woes
socalTECH
APRIL 26, 2017
Patent and Trademark Office said the company's name was likely to be confused with the bicycle brand. Faraday Bicycles alleges that Faraday Future is infringing upon its trademark, which it obtained in October 2013, and cited the rejection of Faraday Future's application for its own trademark in 2016 where the U.S. Faraday Future Inc.
Torrance 113
113 
Pelican Products Names Division President
socalTECH
APRIL 16, 2015
Torrance-based Pelican Products has named a new division president, saying that it has appointed Dave Williams as President of Pelican BioThermal Division, the company''s temperature controlled packaging products division. Williams replaces Tom Anderson.
Product 100
100 
Phyn Names Bizdev Head
socalTECH
JUNE 12, 2018
Torrance-based Phyn , a startup which is bringing a high tech, whole home water usage and monitoring system to market, is announcing today that it has named Mariel Devesa as Global Head of Business Development. Uponor is also a major investor in Phyn, which was originally spun out of Belkin.
Belkin 100
100 
Active Storage Raises $1.2M
socalTECH
SEPTEMBER 6, 2012
Torrance-based storage developer Active Storage , which develops Mac- and media-oriented storage arrays, has raised $1.2M Details of the funding--which looks to be a convertible debt round--were not announced by the company. in a funding round, according to a regulatory filing by the firm this week.
Activity 145
145 
Intelligent Optical Systems Gets SBIR Grant
socalTECH
MAY 23, 2012
Torrance-based Intelligent Optical Systems , a developer of optical fiber sensors, has scored a Small Business Innovation Research (SBIR) grant from the U.S. Environmental Protection Agency, the EPA said this week, to help support the firm's research to help protect groundwater resources. READ MORE>>.
Torrance 154
154 
LiveOffice Names CFO
socalTECH
APRIL 12, 2011
Torrance-based LiveOffice , the provider of cloud-based email archiving and compliance services, said today that it has named Matt Hardy as the firm's new Chief Financial Officer. Hardy has previously served at Digital Insight and Credit Suisse, among other companies.
Torrance 145
145 
Active Storage Raises $7.0M More
socalTECH
AUGUST 2, 2011
Torrance-based Active Storage , the developer of RAID storage products for the Apple Macintosh, has raised $7.0M Source of the new funding was not announced by the company, however, the firm's board continues to include representatives from Mission Ventures and Valhalla Partners.
Activity 124
124 
LiveOffice Connects Into Salesforce.com
socalTECH
AUGUST 29, 2011
Torrance-based LiveOffice , the developer of cloud-based email archiving and compliance services, reported today that it has connected its product with Salesforce.com. LiveOffice said it has announced a new, LiveOffice Outlook Email Connector, which allows users to view email, attachments, and Chatter posts within Salesforce.com.
Torrance 140
140 Pixoto Raises Seed Funding For Photo Site
socalTECH
AUGUST 17, 2011
Based on the funding, it appears the company is working on a $500,000 seed funding round. Kiefer was the founder of Torrance-based Pictage, an online photo site which helps wedding photographers and other professionals market their photos. Kiefer is based in Boulder, Colorado, Kifer is in Los Angeles, and Murphy is in Huntington Beach.
Seed Funding 150
150 
LiveOffice Claims Revenue Growth
socalTECH
APRIL 19, 2011
Torrance-based LiveOffice , the cloud-based email archiving and compliance software firm headed by Nick Mehta, is claiming another record quarter. The firm said Q1 was another consecutive quarter of record revenue for the company. The firm said Q1 was another consecutive quarter of record revenue for the company. READ MORE>>.
Torrance 133
133 LiveOffice Adds Social Networking Support
socalTECH
JULY 14, 2010
Torrance-based LiveOffice , the provider of email archiving, compliance, and backup services, said yesterday that it has linked with SocialWare , a provider of software for connecting companies to social networking sites. AdvisorMail is used by companies to monitor compliance with SEC and FINRA regulations. READ MORE>>.
Social Network 140
140 
PC Mall Expands Into Deals Of The Day
socalTECH
MAY 11, 2011
Torrance-based PC Mall , the IT solutions provider and retailer, said Tuesday that it has entered into the "Deal of the Day" market via its OnSale subsidiary. PC Mall said that Onsale is launching hyper-local offers, starting in the second quarter in a number of markets, and expanding throughout the country after that. READ MORE>>.
Torrance 170
170 
Amonix Raises $40M For Concentrating Solar
socalTECH
NOVEMBER 23, 2009
Torrance-based Amonix , a developer of concentrating photovoltaic solar systems, has raised $40M in a funding round, according to a filing by the firm Monday. The filing indicates the fundraising is part of a $98.23M funding effort being spearheaded by Lazard Freres & Company.
Torrance 145
145 Active Storage Gets Funding From Intel, Others
socalTECH
NOVEMBER 17, 2009
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
145 Active Storage Names CFO
socalTECH
SEPTEMBER 30, 2010
Torrance-based Active Storage , the RAID storage firm founded by ex-Apple executives, and backed by Intel Capital, Mission Ventures, and Valhalla Partners, said Wednesday that it has hired on a CFO. Wike had already been serving as Interim CFO for the company since this spring. The firm said it has hired Jane Wike as its CFO.
Activity 140
140 Pictage Shifts To Monthly Subscriptions
socalTECH
APRIL 7, 2010
Torrance-based Pictage.com , which operates an online service for helping professional and wedding photographers market and sell their photos, announced today that it has opened up new monthly subscription plans for the service. According to the company, it is now offering three new monthly plans for its users, including a Starter, $19.00
Torrance 150
150 Southern California Firms Make Inc. 500
socalTECH
AUGUST 12, 2009
500 list of the fastest-growing private companies in the US. San Diego-based MedVantx ranked at number 13 on the list; Woodland Hills-based ReachLocal was 39; San Diego-based BridgePoint Education was 50; Santa Monica-based International Checkout ranked at 61; Torrance-based Flipswap at 81; and Irvine-based ClinAssure was at 85.
FoodLink Online Names CEO
socalTECH
MAY 12, 2010
Torrance-based Foodlink Online , a provider of supply chain software for the perishable food market, said this week that it has named Eric Peters as the firm's new CEO. Tom Unterman of Rustic Canyon Partners--the majority owner of Foodlink--site on the company's board. Peters replaces Vijay Yajnik, who remains as Chairman of the Board.
Rustic Canyon 133
133 SBA Recognizes SoCal Firms
socalTECH
FEBRUARY 15, 2011
Aerius Photonics in Ventura; Opto-Knowledge Systems of Torrance, Space Micro, Inc. The SBA also gave a "Hall of Fame" award to eight companies, including San Diego's Qualcomm and carlsbad-based ViaSat , as previous SBA grant recipients. Firms recognized by the SBA with the Tibbets Award included.
SoCal 133
133 
Amonix Supplies Giant Solar Power Generating Project In Colorado
socalTECH
AUGUST 9, 2010
Torrance-based concentrating photovoltaic solar power firm Amonix looks to be a major winner in the announcement today that Cogentrix Energy will build a 30,000 kilowatt solar generating project in southern Colorado.
Torrance 160
160 Location-based virtual reality is increasing its footprint in the U.S.
TechCrunch LA
MAY 26, 2018
Earlier this year, in a small, grey-walled storefront inside a very large mall in Torrance, Calif. It’s one of several companies (many based in Los Angeles) that are turning the city into a hub for anyone looking to experience the thrill of immersive gaming. But immersion will be at the heart of it all, she said.
Torrance 180
180 
Pathology Inc. Gets Debt Funding
socalTECH
OCTOBER 21, 2009
Torrance-based Pathology Inc. , According to ORIX, the financing was used as a part of the recapitalization of the company by ABS Capital. a provider of pathology and molecular diagnostics services, has scored both a term loan and revolving line of credit from ORIX Venture Finance, ORIX said Wednesday.
Torrance 124
124 LiveOffice Claims Record Revenue
socalTECH
AUGUST 4, 2009
Torrance-based LiveOffice , a provider of hosted email archiving and related services, reported today that the privately held firm had "record-setting" revenues in Q2. No actual financials were disclosed by the company, however, the firm said it now has over 9,000 clients using its services. READ MORE>>.
Torrance 100
100 What You Need To Know About Upcoming Legislation
SoCal Tech Calendar
JANUARY 16, 2009
Number of bills introduced.many can negatively impact your business.How current Legislation can impact Tech Companies. We will be honoring Assemblymember Ted Lieu (D-Torrance) with the 2008 LA Technology Leader Award, for his support in information technology issues during this past legislative session. See [link] (more).
AeA 100
100 Announcing The Socaltech 50: Southern California's Up-and-Comers
socalTECH
NOVEMBER 19, 2013
Josef Gorowitz , Swagbucks (Torrance, online marketing/rewards). There are also many movers and shakers here in the industry -- Jason Nazar at. Adam Goldenberg , Intelligent Beauty/JustFab (El Segundo, fashion). Matthew Goldman , Wallaby Financial (Pasadena, financial). Alon Goren , Invested.in (Los Angeles/Ventura, crowdfunding).
Let's personalize your content