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University of California Plans $250M Venture Capital Fund

socalTECH

Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venture capital. The fund would seek to invest in companies started on campus, from University research, and from students.

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Reflections On 2019: Andy Wilson, Alliance for SoCal Innovation

socalTECH

The Alliance is following the classic start-up trajectory: transition from the big idea to your beachhead product offering. What new technology area, startup, service, or app did you find most interesting or useful this year, and why? The start-up has developed kinetic energy based, long-duration energy storage solutions.

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Helicoid Industries Finds $2.4M

socalTECH

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.

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FarmSense Harvests $2.2M In SBIR Funding

socalTECH

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.

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Soothe Picks Up $35M More For On Demand Massage Service

socalTECH

The funding came from the Riverside Company. The company offers up flat rate pricing on massages, starting at $99.00 Los Angeles-based on-demand, massage service Soothe has raised another $35M in funding to expand its service into more cities, the company said on Thursday. for a 60 minute massage.

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Water Planet Raises Series B Funding

socalTECH

Water Planet is led by Eric Hoek, the former UCLA and UC Riverside professor who created the membrane technology behind another, water filtering membrane startup, NanoH2O, which is now part of LG. As part of the funding, the company said it has changed its name dfrom Water Planet Engineering, LLC to Water Planet, Inc.

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Initiative to Boost SoCal’s Startup Scene Teams With GV Founder

Xconomy

A Silicon Valley entrepreneur has set out to boost the startup ecosystem in San Diego and the rest of Southern California—and he already has scored a coup by partnering with Bill Maris, the founder and former CEO of Google Ventures, now known as GV.