A group of Santa Barbara entrepreneurs is looking to raise as much as $50 million for an investment fund that would finance dozens of little big-data startups.
A Santa Barbara entrepreneur is hoping to make life in public places a little easier for people with hearing loss. Otojoy installs hearing loops, which take audio signals from sound systems and then transmit them electromagnetically to be picked up by a special feature found in most hearing aids.
Camarillo-based Semtech Corp. delivered earnings on par with Wall Street expectations on March 5, holding its forecast steady as it deals with the costs of laying off 6 percent of its workforce and navigating a rough patch amid several years of growth.
San Luis Obispo-based software firm Mindbody has raised $50 million in fresh venture capital, bringing its total funds raised to date to $98 million and positioning the company for a possible initial public offering this year or next.
In a major week for advertising technology firms in Ventura, The Trade Desk has raised $20 million in a second venture capital round and Connexity has been acquired by Los Angeles-based Shopzilla.
Transphorm, a maker of energy-efficient electronic components, has raised $15 million in additional capital related to its recent partnership with Fujitsu Ltd. of Japan. Tyrian Systems, a firm founded by a pair of longtime infrared sensor entrepreneurs to commercialize thermal vision technology, has raised an $8.3 million Series B investment.
A fight over expansion at an oil refinery near Nipomo has taken shape, with the source of new oil and a potential clash between federal and county regulation of railroads emerging as key issues.
