After nearly eight years of tangling with the Food and Drug Administration, San Luis Obipso-based FzioMed said it might receive approval to sell its products in the U.S. by year’s end.
In a little over a year, investors have twice shown confidence in the turnaround of Vitesse Semiconductor Corp. On June 17, the company netted proceeds of $26.7 million by selling 8.6 million shares of common stock.
Mike Panesis, a key player in entrepreneurship circles who heads the biggest collegiate business-pitch contest in the region, is leaving UC Santa Barbara for a post at California Lutheran University.
Santa Barbara-based marketing technology firm Invoca has passed the 100-employee mark, opened an office in San Francisco and hired a bevvy of new executives. Invoca makes a platform that helps companies close more sales when customers call in. The company has raised $30.8 million from investors that include Santa Barbara-based Rincon Venture Partners, Palo Alto Read More →
FreshRealm is betting millions of dollars on a revolutionary concept: A backend service for businesses that enables customers to get fresh food sent directly to their homes. Combined with a reusable container that can be filled at a store and shipped via FedEx to the home, the service utilizes existing infrastructure and can scale quickly, its founders say.
Shares of Vitesse Semiconductor Corp. plummeted 11.3 percent on Thursday after the company revealed plans to raise $23.2 million by selling common stock. The Camarillo-based chip design company said Thursday that the proceeds of the offering, a planned sale of 7.5 million shares at $3.35 each, would be used for working capital and general corporate Read More →
Carpinteria-based Procore Technologies, company that makes cloud-based construction management software, has raised $15 million from the same Silicon Valley investors that have backed Yelp, LinkedIn and Skype.
