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Region’s entrepreneurs raise millions with crowdfunding

By   /  Friday, June 27th, 2014  /  Banking & Finance, Personal Finance, Small Business, Technology, Top Stories  /  Comments Off on Region’s entrepreneurs raise millions with crowdfunding

According to data compiled by the Business Times, at least $6.3 million has been raised for crowdfunding projects in the Tri-Counties since 2010.

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Co-working spaces foster startups in Santa Maria, Westlake Village

By   /  Friday, June 27th, 2014  /  Central Coast, East Ventura County, Small Business, Technology, Top Stories, Tri-County Economy  /  Comments Off on Co-working spaces foster startups in Santa Maria, Westlake Village

New co-working spaces are springing up in Santa Maria and Westlake Village.

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Alive and clicking: Visus thriving after 20 years in software

By   /  Friday, June 27th, 2014  /  Small Business, South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Alive and clicking: Visus thriving after 20 years in software

When Michael Daoud founded Santa Barbara software firm Visus 20 years ago, America Online launched its first portal onto something called the World Wide Web, letting home users access it for the first time. About a quarter of American homes had computers, and in San Francisco, the first-ever conference on the commercial potential of the Web featured Marc Andreessen, founder of a fledgling startup called Netscape, as a key speaker.

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NSF awards $1.1M to UCSB for cyber crime research

By   /  Tuesday, June 24th, 2014  /  South Coast, Technology, Tri-County Economy  /  Comments Off on NSF awards $1.1M to UCSB for cyber crime research

UC Santa Barbara researchers have received $1.1 million from the National Science Foundation to study how cyber criminals exploit smartphone data and how such misuse can be deterred. The funds will go toward research efforts spearheaded by UCSB computer science researcher Giovanni Vigna, director of the university’s Center for CyberSecurity at the College of Engineering. Read More →

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GoTek gets patent for rotary engine

By   /  Tuesday, June 24th, 2014  /  Small Business, Technology, Top Stories, Tourism, Tri-County Economy, West Ventura County  /  Comments Off on GoTek gets patent for rotary engine

Oxnard-based startup GoTek Energy has won its first patent, for its DynaKinetic rotary engine technology. “We are excited about this issuance of our first GoTek Energy patent and expect many more to follow,” CEO Steve Herbruck said in a June 17 news release. GoTek’s DynaKinetic engine has no pistons or no valves and valve seats Read More →

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Inogen gets FDA approval for at-home oxygen device

By   /  Tuesday, June 24th, 2014  /  Health Care & Life Science, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Inogen gets FDA approval for at-home oxygen device

Goleta-based Inogen said it has received approval from the U.S. Food and Drug Administration to sell a stationary oxygen concentrator.

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Procore to build out South Coast operations with $15M Bessemer raise

By   /  Friday, June 20th, 2014  /  South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on Procore to build out South Coast operations with $15M Bessemer raise

Carpinteria-based Procore Technologies, a maker of cloud-based construction management software, recently raised $15 million from the same Silicon Valley investors that have backed Yelp, LinkedIn and Skype, bringing its total funding to date to $20.5 million.