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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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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 in its Series B-1 funding round. The funding came from iTulip Community and Launchpad Venture Group. TruTouch is led by Richard D. READ MORE>>.

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Water Planet Raises Series B Funding

socalTECH

Los Angeles-based Water Planet , which develops water treatment membranes, said today that it has raised a new, Series B funding round. Size of the funding was not disclosed. Water Planet said the investment came from Air Liquide's ALIAD Corporate Venture fund, Bluestem Capital and UCLA Venture Fund.

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Five Area Firms Get DOE Funds for Concentrating Solar Power Research

socalTECH

Five, Southern California firms are among companies who are splitting up $62M in government funding for the research, development, and demonstration of concentrating solar power systems, according to an announcement by the U.S. for energy storage technology based on sulfur; Chatsworth-based SunTrough Energy receiving up to $4.5M

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Steve Poizner Boots Up New Southern California Tech Nonprofit

socalTECH

Steve Poizner , the former California gubernatorial candidate and former founder of SnapTrack (which he sold to San Diego's Qualcomm), says he has created a new group called the Alliance for Southern California Innovation , which will focus on further developing Southern California's entrepreneurial ecosystem. READ MORE>>.

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SolarReserve Claims Progress On Power Projects

socalTECH

Santa Monica-based SolarReserve , the developer of utility scale solar power projects, claims today that it is proceeding with purchases of long-lead materials and equipment on its Crescent Dunes and Rice Solar Energy projects. READ MORE>>.

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SolarReserve Gets CPUC Approval On Project

socalTECH

Santa Monica-based SolarReserve , the well-backed developer of solar thermal power plant technology, reported today that Pacific Gas and Electric (PG&E) has received approval from the California Public Utilities Commission (CPUC), for the 25-year power purchase agreement announced last December by the firms. READ MORE>>.

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