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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. Mehdi Asghari is founder and CEO of the company.

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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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GRP Backs Payment Card Provider Wave Crest

socalTECH

in a Series B funding round led by GRP Partners, which also included Park Ventures. The firm develops prepaid cards and electronic wallet products as well as other related payment products. As part of the funding, Brian McLoughlin of GRP Partners joins the firm's board of directors.