Shares of Goleta-based Inogen settled into the low $15 range as the Business Times went to press Feb. 19 after the company raised $70.5 million in an initial public offering that priced at $16, the low end of its expected range. In addition to selling shares, the company changed some of the disclosures it made to investors, pointing out its steep reliance on government and private insurance programs for 41 percent of its total revenue in 2012.
Transphorm, Fujitsu and Fujitsu Semiconductor said they had reached an agreement to merge their gallium-nitride, or GaN, power supply lines of business. The deal is expected to result in Fujitsu and its semiconductor subsidiary both taking minority stakes in Transphorm in exchange for creating a new entity in Japan that will be capable of high-volume production. The companies said the move will “dramatically improve the market competitiveness of Transphorm’s GaN power device business.”
By Staff Report / Wednesday, July 24th, 2013 / Technology / Comments Off on Calient raises $27M, hires new CFO
Santa Barbara-based photonics firm Calient Technologies has raised $27 million in venture capital and hired a new chief financial officer to lead growth. The firm said July 24 that it raised the round from a combination of new and existing investors and that the funding will be used to enhance its portfolio of 3D micro Read More →
Goleta-based energy efficiency firm Transphorm has broken the 100-employee mark and set its sights on markets that could save four times the electricity consumed by New York City. The company, a UC Santa Barbara spinout headed by electrical engineering professor Umesh Mishra and business partner Primit Parikh, laid out the company’s growth and plans at Read More →
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By Stephen Nellis / Friday, May 6th, 2011 / Features, Technology / Comments Off on Smaller, better, faster: Goleta photonics firm looks for a breakthrough
Goleta-based startup Aurrion is working on silicon photonics integration.