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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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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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Xencor Licenses Antibody Technology To Vir Biotechnology For COVID-19 Treatment

socalTECH

Monrovia, California-based Xencor , a biopharmaceutical company which develops engineered monoclonal antibodies for the treatment of cancer and autoimmune disease, says it is extending a license for its technology to Vir Biotechnology , in use in developing antibodies to treat COVID-19, the disease cased by the novel coronavirus SARS-CoV-2.

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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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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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Xencor Licenses Technology To Australian Firm

socalTECH

Monrovia, California-based biotherapeutics technology developer Xencor said Tuesday that it has licensed its Xtend technology to an Australian firm. Xencor and CSL Limited said they are in a technology license agreement, which will provide CSL access ot its technology, for use with CSL''s monoclonal antibodies.

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Xencor Receives $120M From Genentech

socalTECH

Monrovia-based biopharmaceuticals technology developer Xencor has received $120M in an upfront payment from Genentech this morning--and up to another $180M in development milestones--as part of a new deal to commercialize an immune activating cytokine based on Xencor's technology. READ MORE>>.

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