Don’t touch and go: Allthenticate prepares offices and workers for safe returns
Businesses are searching for ways to reduce touchpoints in the wake of the coronavirus pandemic, and one Goleta cybersecurity firm has a touch-free technology that could answer the call. UC Santa Barbara startup Allthenticate has netted $500,000 in venture capital to fund the rollout of cell phone software and smart door readers that allows access Read More →
With IPO on shelf, Carpinteria’s Procore trims staff
Construction companies facing more than their usual share of cyclical uncertainty are turning in larger numbers than ever to software solutions that promise efficiency, creating new opportunities for firms like Procore. However, Carpinteria-based Procore recently announced the layoff of dozens of workers, the latest in a series of steps it has taken to respond to Read More →
Refinancing boom hits Central Coast
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Pandemic relief grants available for SLO businesses
A public-private partnership in San Luis Obispo began accepting applications Aug. 10 for $260,000 in small business relief grants. The money will go to 52 local businesses, with each one receiving $5,000, according to a city news release. The application period opens at 11 a.m. on Aug. 10 and will remain open until Aug. 24. Read More →
Inogen revenue falls, but Q2 earnings beat analyst estimates
The COVID-19 pandemic continued to cut into Inogen’s revenue, as new physician referrals and patient mobility declined during a quarter usually marked by increased patient travel and demand. Revenue fell nearly 30 percent in the second quarter to $71.7 million, missing average analyst estimates, and net income of $2.7 million was down from $9.9 million Read More →