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AeroVironment, SoftBank In $65M JV To Develop Unmanned Aircraft

socalTECH

Monrovia, California-based AeroVironment said on Wednesday that it is in a joint venture to develop a solar powered, high-altitude, long-endurance unmanned aircraft system, potentially worth up to $65,011,081. The joint venture is with HAPSMobile , which is 95 percent owned by Japanese technology giant SoftBank Corp.

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Parasoft Opens Up Tools To Open Source Developers

socalTECH

In a bid to gain better market share among developer, Monrovia, California-based Parasoft announced Tuesday that it will begin giving out free access to its entire suit of test automation software to open source developers. READ MORE>>.

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AeroVironment Links With Smart Grid Software Developer

socalTECH

Monrovia, California-based AeroVironment , which develops both electric vehicle chargers as well as unmanned aerial vehicles, said on Tuesday that it has linked with smart grid charging technology developer eMotorWerks.

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Amgen, Xencor In Development Deal

socalTECH

Thousand Oaks-based Amgen , and Monrovia-based Xencor said Thursday that the two firms are in a co-development dual around a new novel antibody for treating autoimmune diseases. The firms said that XmAb5871 is currently in late-stage preclinical development for the treatment of autoimmune diseases. READ MORE>>.

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Covisus Collects Series A

socalTECH

Monrovia-based Covisus, a developer of supply chain tracking products, said this week that it has raised a Series A funding. The company said it has developed "covert" item-level supply chain tagging technology, which places tracking information into the "intrinsic surface texture" of the item.

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AeroVironment Develops Nano Air Vehicle

socalTECH

Monrovia-based Aerovironment reports this morning that it has reached a technical milestone, and has demonstrated a prototype of a "hummingbird-like" nano air vehicle for a Defense Advanced Research Projects Agency (DARPA) contract. READ MORE>>.

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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.