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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. TruTouch is led by Richard D. READ MORE>>.
San Diego-based Deckard Technologies , a new startup founded by serial entrepreneur Neil Senturia, said on Monday that it has raised $4M in funding and launched a new company focused on using artificial intelligence (AI) to identify property tax scofflaws. The company said its latest funding was worth $500,000.
Five, Southern California firms are among companies who are splitting up $62M in government funding for the research, development, and demonstration of concentrating solar power systems, according to an announcement by the U.S. for energy storage technology based on sulfur; Chatsworth-based SunTrough Energy receiving up to $4.5M
SolarReserve's Crescent Dune Energy Project is in Tonopah, Nevada, and its Rice Solar Energy Project is in Riverside County. SolarReserve is backed by Citi Alternative Investments, Sustainable Development Investments (SDI), Good Energies, US Renewables Group, PCG Clean Energy & TechnologyFund, Nimes Capital, and Credit Suisse.
According to a regulatory filing by the firm, it raised $2,425,810 from 3 investors so far in the funding round. Helicoid is a spinout of the University of California Riverside. Helicoid is led by CEO Chad Wasilenkoff; Wasilenkoff spoke about the company's technology last year with socaltech.
Los Angeles-based Water Planet , which develops water treatment membranes, said today that it has raised a new, Series B funding round. Size of the funding was not disclosed. Water Planet said the investment came from Air Liquide's ALIAD Corporate Venture fund, Bluestem Capital and UCLA Venture Fund.
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. READ MORE>>.
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Every year, at the end of the year, we share some reflections on the past year from our readers, entrepreneurs, venture capitalists, sponsors, and others in the local technology community. What new technology area, startup, service, or app did you find most interesting or useful this year, and why?
Steve Poizner, who sold two of his startups to Qualcomm (NASDAQ: QCOM ) and served as California Insurance Commissioner a decade ago, has signed a collaboration agreement with a venture fund that Maris founded in suburban San Diego. Maris raised $160 million last month for the inaugural fund of Section 32, a new venture firm he founded.
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