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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 says it has now raised $30M in total, including an earlier, $12M seed funding last year.

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Eleven of Southern California's Firms In The Alternative Vehicle Market

socalTECH

On the heels of the much heralded IPO of Silicon Valley electric car darling Tesla Motors today on the NASDAQ, investors are now looking to what other firms might benefit from the electric vehicle market--and what appears to be a growing appetite for IPOs.

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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. Belz was the lead investor on the funding round. READ MORE>>.

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Ondax Raises $2M More

socalTECH

Monrovia-based Ondax , a developer of optical filters and laser sources based on research out of the California Institute of Technology, has raised $2M in a Series E investment. The Pasadena Angels said the funding will go towards expanding and growing Ondax's optic solutions. READ MORE>>.

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Green Dot Set To Debut This Week

socalTECH

In what seems like almost weekly news now about a Southern California firm gearing up for the public markets, Monrovia-based Green Dot is expected to hit the markets sometime this week. Green Dot is backed by Sequoia Capital, TTP Fund, and the Tech Coast Angels. and $35.00 per share, and will list on the NYSE at GDOT.

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Green Dot Up 20 Percent In Early Trading

socalTECH

Monrovia-based Green Dot , the provider of prepaid credit cards which hit the markets this morning in its IPO, is up in early trading this morning on the NYSE. The firm is backed by Sequoia Capital, the Tech Coast Angels, TTP Fund, and the Tech Coast Angels. The firm, which debuted at GDOT this morning, was up as high as $44.83

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GRP Backs Payment Card Provider Wave Crest

socalTECH

in a Series B funding round led by GRP Partners, which also included Park Ventures. As part of the funding, Brian McLoughlin of GRP Partners joins the firm's board of directors. 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.