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SiLC Technologies Sees $17M

socalTECH

Monrovia, California-based SiLC Technologies, a developer of machine vision tools, says it has raised $17M in a Series A funding round. The company is developing an imaging chip aimed at the machine vision market, used in such areas as mobility, industrial machine vision, robotics, augmented reality, and consumer applications.

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Parasoft Takes On Continuous Testing

socalTECH

Monrovia, California-based Parasoft , which develops software testing tools, has launched a new product aimed at the automated, continuous testing market. The company said it has released a new API Testing Solution, which can be used as part of continuous integration and release efforts. READ MORE>>.

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Green Dot Acquires Loopt

socalTECH

Monrovia, California-based Green Dot , the prepaid debit card provider headed by Steve Streit, said this morning that it has acquired Silicon Valley mobile social networking firm Loopt. in cash for Loopt, which will become its Silicon Valley hub for its mobile technology and product development team. READ MORE>>.

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Tanner Expands Sales Efforts In China

socalTECH

Monrovia-baesd Tanner EDA , the developer of mixed signal electronic design automation software, said today that it has expanded its presence in the Chinese market, and has signed up a new sales and support partner. to provide sales and support for all of its products in China. READ MORE>>.

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Ondax Names Belz To Board

socalTECH

Monrovia-based Ondax , which develops laser products and holographic gratings used in defense, industrial, medical diagnostics, analytical instrumentation, and consumer electronics markets, has added Andrea Belz to its board, the firm said Monday.

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Soliant Opens Pilot Plant

socalTECH

Monrovia-based Soliant Energy , a developer of solar concentrators, is opening up its new pilot production plant in Monrovia today, saying that the plant will produce up to 1 megawatt of solar panels annually. Soliant's solar concentrators are targeted at the commercial rooftop market. READ MORE>>.

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GRP Backs Payment Card Provider Wave Crest

socalTECH

The firm develops prepaid cards and electronic wallet products as well as other related payment products. Wave Crest looks to be in the same, prepaid payment card sector as Monrovia-based Green Dot, which is expected to hit the public markets very soon in its IPO. According to Wave Crest today, it raised $8.5M