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Western Digital Backs Memory Semiconductor Developer

socalTECH

Irvine-based Western Digital has backed the developer of semiconductor memory technology, as part of a strategic funding round. Everspin Technologies , which develops "magnetoresistive RAM"--aimed at use in such things at solid state storage--said this morning that it has raised $29M in a Series B funding round.

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Sensay Snags $4.5M For Chatbot Technology

socalTECH

Los Angeles-based Sensay , a developer of chatbot technology, has raised $4.5M The funding was led by Norwest Venture Partners, and also included Greycroft Partners, Sweet Capital, NHN, Draper Associates and other. in a seed funding round, according to the company.

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Local Clean Energy Business Plan Contest Awards $160,000

socalTECH

A local, clean energy business plan competition started by the California Insitute of Technology (Caltech), the University of Southern California (USC), and the University of California, Los Angeles (UCLA) has awarded $160,000 in prizes in its latest competition. READ MORE>>.

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Enevate Finds Funding From South Korea's LG Chem

socalTECH

Irvine-based Enevate , which develops lithium-ion battery technology, said today that it has added South Korean battery manufacturer LG Chem as an investor. According to Enevate, the new funding will help accelerate the development of its fast charge Li-ion battery technology for the electric vehicle market.

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Altra Biofuels Spinout Gets $30M More

socalTECH

EdenIQ , the spinout of San Diego-based Altra Biofuels , the developer of biofuels processing technology, has scored $30M in new venture capital funding, the company said today. Both KPCB and Angeleno Group are also investors in Altra Biofuels.

Draper 133
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Crosscut Ventures Backs Blockchain Startup

socalTECH

Los Angeles-based venture investor Crosscut Ventures is one of the backers of a new startup, Fluent , developing blockchain technology for the financial markets. Louis Arch Angels.

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Cognition Raises $200K

socalTECH

Culver City-based Cognition Technologies , the developer of natural language processing technology software, has raised $200,000, as part of an ongoing $500,000 funding round, according to a recent regulatory filing by the firm. No details on the funding have been announced. Source of the new funding was not disclosed.