Mining new markets: HG Data funding rises to $5.5M
With a fresh round of venture capital, Santa Barbara-based business intelligence firm HG Data is hoping to track the technology in use at about 100,000 Asian companies to complement it huge database of North American firms.
Ceres plans to license corn-derived gene patent
Thousand Oaks-based energy crop firm Ceres has been granted a patent on a gene sequence derived from corn and plans to license the patent to big seed companies.
Central Coast hopes to be wave energy hub
With five projects in the works that could generate as much a 1.2 gigawatts of electricity, the Central Coast could become the nation’s wave-energy capital.
Inogen shares rise on rosier outlook
Shares of Goleta-based Inogen soared 11.4 percent to $16.29 on May 14 after reporting stronger-than-expected profits and boosting its sales outlook for the year.
UCSB spinout Lettuce Apps acquired by Intuit
Lettuce Apps, a spinout out of UC Santa Barbara, has been acquired by financial software giant Intuit for an estimated $30 million. The Los Angeles-based company got its start in UCSB’s Technology Management Program, which has produced a number of successful startups including medical device maker Inogen, now a publicly traded company based in Goleta. Read More →
