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A trio of local groups have teamed together to promote innovation and entrepreneurship in Riverside County, and received approval Tuesday from the Riverside County Supervisors for the effort. The groups have not outlined their agenda for the effort yet.
Santa Monica-based SolarReserve , the developer of utility scale solar power projects, claims today that it is proceeding with purchases of long-lead materials and equipment on its Crescent Dunes and Rice Solar Energy projects. READ MORE>>.
Los Angeles-based venture capital firm Rustic Canyon is the lead investor in a round of funding from a social shopping site out of Y Combinator. The round came from new investor Rustic Canyon Partners, and also included prior investors Blumberg Capital and Redpoint Ventures. in a Series A round. Mertado is based in Redwood City.
Riverside, California- and Albuquerque, New Mexico-based TruTouch Technologies , which develops biometric, alcohol detection systems, said today that it has raised $4.3M in its Series B-1 funding round. The funding came from iTulip Community and Launchpad Venture Group.
Indio, California-based Helicoid Idustries , a startup developing advanced composite materials for use in the wind turbine, aerospace, sporting goods, auto parts, defense, and industrial market, has raised $2.4M--the first part of what looks like an ongoing $5M investment round. Helicoid is a spinout of the University of California Riverside.
Santa Monica-based SolarReserve , the well-backed developer of solar thermal power plant technology, reported today that Pacific Gas and Electric (PG&E) has received approval from the California Public Utilities Commission (CPUC), for the 25-year power purchase agreement announced last December by the firms.
Riverside-based FarmSense, a developer of "smart sensors" for the agriculture market, has raised $2.2M The agtech startup says it is developing a sensor which helps farmers identify harmful insects in their fields, in real time. in Small Business Innovation Research (SBIR) funding.
Los Angeles-based Water Planet , which develops water treatment membranes, said today that it has raised a new, Series B funding round. Water Planet said the investment came from Air Liquide's ALIAD Corporate Venture fund, Bluestem Capital and UCLA Venture Fund. Size of the funding was not disclosed.
Riverside, California-based WurkNow, a developer of a digital staffing and workforce management software product, has raised $10M in a Series A funding, according to the company. The company said the round was led by Newport Hayseed Group, which is based in Newport Beach. The company is led by CEO and co-founder Sammy Singh.
Instead, we will focus on helping high potential start-up communities like DTLA and Riverside gain momentum, connecting the fourteen SoCal start-up communities into a vibrant network and working with top corporations like Edison and Kaiser get more integrated into the robust and diverse SoCal innovation ecosystem. READ MORE>>.
In my new role as the first executive director for the Alliance for Southern California Innovation, I spent a lot of time outside of my home turf of Pasadena -- visiting innovation nodes such as San Diego, Irvine, Riverside, Santa Barbara, Venice, Santa Monica, and others.
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