Jorge Mercado is a staff writer with the Business Times. His beats include technology, agriculture, cannabis, energy and the environment, and higher education.
• Montecito Bank & Trust has appointed two new members to its board of directors, Dr. Igor Mezic and Veronica Quintana. Mezic is the chief technical officer and co-founder of MixMode, an AI cybersecurity company based in Santa Barbara. He is also the co-founder of another AI company in Santa Barbara, AIMdyn. Based in Oxnard, Read More →
Goleta-based Inogen finished off the year strong when it released its financial results for the fourth quarter and full year 2024 on Feb. 25. President and CEO Kevin Smith said 2024 was a “stellar year for the company… making meaningful steps towards profitability.” Inogen recorded revenue of $80.1 million in the fourth quarter of 2024, Read More →
Santa Barbara-based Xurrent, a service and operations platform, announced Feb. 27 that it has acquired Zenduty, a leader in edge incident and alert management solutions for an undisclosed amount. Xurrent streamlines ITSM and IT Operations Management with AI-powered automation. It’s platform simplifies workflows, enhances collaboration, and boosts productivity, it said in a press release. This Read More →
Santa Barbara-based Musubi came onto the scene with a bang, announcing it has raised $5 million in an oversubscribed seed round, the company announced Feb. 26. Musubi is an artificial intelligence platform aiming to leverage its technology for content moderation. The funding will help expand Musubi into new verticals and bring the latest AI research to Read More →
Santa Barbara-based Yardi has acquired visual media technology company LCP Media for an undisclosed amount on Feb. 26. Based in Chicago, Illinois, LCP Media creates virtual tours, photography and other media for the rental housing industry. In a press release, Yardi said that LCP Media’s skills, creativity and cutting-edge technology will provide tremendous benefit to Read More →
Scott Wester, an experienced executive at several healthcare organizations, has been selected as Santa Barbara-based Cottage Health’s newest president and CEO, Cottage announced Feb. 26. Wester, who has three decades of experience in healthcare, will assume the post on April 7. He is succeeding Ron Werft, who announced in 2024 that he would be retiring Read More →
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