Transonic raises funds
Camarillo-based Transonic Combustion, the maker of new fuel injection technology it says could push gasoline engines to 100 mpg, has landed another round of funding. The firm didn’t say how much it raised in the third-series round and hasn’t disclosed how much it previously raised. However, it noted that existing investors Venrock, Khosla Ventures, Rustic Read More →
VAFB launches rocket
A Delta 2 rocket blasted into space from Vandenberg Air Force Base May 5 carrying an experimental missile-defense satellite. The Missile Defense Agency placed a tracking and surveillance system inside the rocket’s nose. Are you a subscriber? If not, sign up today for a four-week FREE trial or subscribe and receive the 2009 Book of Read More →
Fire singes sales for Santa Barbara businesses
Sales dropped sharply for dozens of Santa Barbara’s small businesses as smoke and ash from the Jesusita Fire swirled through the city for a third day May 7. A few shops located near the blaze soldiered on as city officials pondered how small businesses already coping with a weak economy would survive the latest natural Read More →
Fire delays Apple store
Apple will open its first store in Santa Barbara at 10 a.m. May 16 after the Jesusita Fire pushed its grand opening back one week. The store at 928 State St. sat a few blocks from an evacuation warning area for several days as flames burned in the foothills above downtown Santa Barbara. It was Read More →
Jesusita Fire 95 percent contained
The Jesusita Fire, which has burned more than 13 square miles, is 95 percent contained, officials announced May 15. All evacuation orders and warnings have been lifted. Fire investigators announced May 10 that power tool equipment used to clear vegetation likely sparked the blaze May 5. Officials have confirmed that the fire destroyed 80 homes Read More →
DFJ gets $55M for startups
West Coast venture firm DFJ Frontier has secured $55.4 million to invest in young companies, and Frank Foster of the firm’s Santa Barbara office will oversee it. The fund, which closed April 27, is significant because it arrives at a time when seed-stage companies are struggling amid the harshest capital-raising environment in years. The cash Read More →
