TrackR raises $50 million with Series B funding round
Santa Barbara-based TrackR closed a $50 million Series B funding round Aug. 2, led by Steve Murray at Revolution Growth and existing investors like the Amazon Alexa Fund. The funds will help grow the recently launched TrackR Pixel, which incorporated both sound and light into the company’s personal item tracking portfolio of products. TrackR is Read More →
Sientra settles lawsuit with former manufacturer
Goleta-based breast implant manufacturer Sientra announced the settlement of an intellectual property and contract lawsuit with its former Brazilian manufacturer Silimed on Aug. 1. Securities and Exchange Commission documents filed by Sientra state that the two companies participated in court-ordered arbitration July 27, and Sientra agreed to pay $9 million within the next 30 days, Read More →
Santa Barbara Airport hires firms for marketing campaign
The Santa Barbara Airport chose Hiltachk Marketing Group and Blaze PR for a marketing and outreach campaign to drum up business and fill seats. The airport conducted a thorough bidding process before landing on Hiltachk, which has done marketing for the Sacramento International Airport since 2010, and Santa-Barbara based Blaze. The two will try to Read More →
Business Times announce 15th annual Spirit of Small Business honorees
The Pacific Coast Business Times have announced the winners of our 15th annual Spirit of Small Business Awards. This year’s awards was again a successful partnership between the Business Times and the U.S. Small Business Administration. The Spirit of Small Business section was included in the July 28-Aug. 3 publication of the Business Times. Subscribers Read More →
Net income up 15 percent at Community West Bancshares
Net income for Community West Bancshares increased nearly 15 percent for the second quarter ended June 30 to $1.6 million, or 18 cents per diluted share. Loans increased to $684.8 million, versus $564.8 million a year ago, and total assets grew 22.2 percent year-over-year to $785 million. Net interest margin dropped slightly, from 4.45 percent Read More →
Amgen to pay $1.15 dividend to shareholders
The board of directors for Thousand Oaks biopharmaceutical giant Amgen approved at $1.15 dividend for the third quarter on July 28. Shareholders of record at the close of day on Aug. 17 will be paid the dividend on Sept. 8. • Contact Marissa Nall at mnall@pacbiztimes.com.
PG&E sends out alert over Diablo Canyon Power Plant oxygen levels
Pacific Gas & Electric Company released an alert of decreased oxygen levels for a containment unit at the Diablo Canyon Power Plant in San Luis Obispo County on July 28. The alert began at 12:06 p.m., but the company said both units were operating at full power and employees and the public were not at Read More →
