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SiLC Technologies Sees $17M

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Monrovia, California-based SiLC Technologies, a developer of machine vision tools, says it has raised $17M in a Series A funding round. SiLC said the new funding will go towards its operations, for product development, and to help get production design wins. Mehdi Asghari is founder and CEO of the company.

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Midas List: Cornerstone OnDemand, Green Dot Help VCs

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However, two, Southern California firms drove the inclusion of two other, venture capital investors on the list--Miachel Moritz of Sequoia Capital (for his investment in Monrovia-based Green Dot ), and Byron Deeter of Bessemer Venture Partners (for his investment in Los Angeles-based Cornerstone OnDemand ). READ MORE>>.

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AeroVironment, General Dynamics Land Systems Tie On Combat Vehicle Effort

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Monrovia, California-based Aerovironment , a major developer of unmanned aerial vehicles (UAVs) and drones for the military, said it has inked a deal with General Dynamic Land Systems (GD), to integrate the company's unmanned aircraft and tactical missle systems with armored combat vehicles. Army Next Generation Combat Vehicle (NGCV) and U.S.

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Xencor Gets Milestone Payment From Merck

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Monrovia-based biopharmaceuticals developer Xencor reports this morning that it has received a milestone payment from Merck, for the initiation of a Phase 1 clinical trail which uses its antibody engineering technology. Size of that milestone payment was not announced. READ MORE>>.

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Green Dot Acquires Loopt

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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. Green Dot said it will pay $43.4M

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