Storm Industries
970 W 190th St, Torrance, CA, 90502, United States
Overview
Storm Industries, Inc. is an innovative and entrepreneurial organization with a growing family of companies. Over its 80 year history, Storm has evolved from a single brass foundry in Los Angeles to a highly diversified group of businesses operating across the globe. Our companies manufacture after-market replacement parts for diesel engines, specialized products for irrigation groundwater, reliable industrial valves, and more… and we are also involved in the development of commercial, industrial and residential real estate projects.
- Total investments
- 2
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Business Development
- Finance
Investment portfolio
- UroDev Medical
Participated · Seed · Oct 2017
Spinal Singularity develops the Connected Catheter™, a fully internal, extended-use catheter system for adult males with chronic Lower Urinary Tract Dysfunction that may remain in the body up to 29 days and could replace as many as 200 disposable intermittent catheters. The company is based in San Clemente, CA and was founded in 2015 by Derek Herrera; its leadership includes CEO William ‘Bill’ Colone, Director of R&D Jeff Kasalko, Director of Quality Stephanie Rallis, and Director of US Sales Shannon Metzger. It closed a $3.1M equity seed round to fund clinical validation of the Connected Catheter™ and has also earned over $500k in non-dilutive funding from sources including the NIH, NSF, IndieGoGo, the PrimeUC Competition and UCLA Business Plan Competitions. Spinal Singularity anticipates commencing First-in-Man clinical testing in 2017 and intends to pursue CE Mark approval and FDA clearance in 2018. The company is using the new funding specifically to support clinical validation efforts.
- Lighthouse.io
Participated · Seed · Jan 2017
Lighthouse.io provides a mobile app that uses sensors like Bluetooth beacons to deliver location-specific information to workers, such as task lists, instructions, safety content and alerts. Its platform includes features like heat maps that show where workers spend time across sites to improve operational efficiency. The product targets large facilities such as shopping malls, airports, hospitals and stadiums to reduce manual, paper-based processes and lower operating costs. Future plans mentioned include an IFTTT-style engine to detect sensor and web-service changes and trigger outputs to relevant workers. CEO Patrick Carne says the company sees a large opportunity to disrupt labor-intensive industries. The recent funding will be used to accelerate product development and growth in the US market.
Team
No current team members are available.