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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.
Los Angeles-based venturecapital 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. READ MORE>>.
Riverside, California- and Albuquerque, New Mexico-based TruTouch Technologies , which develops biometric, alcohol detection systems, said today that it has raised $4.3M The funding came from iTulip Community and Launchpad Venture Group. in its Series B-1 funding round.
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.
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.
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.
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.
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>>.
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