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ImmunGene raises $9M

By   /  Thursday, November 7th, 2013  /  East Ventura County, Technology, Top Stories  /  Comments Off on ImmunGene raises $9M

Thousand Oaks-based ImmunGene, a cancer treatment firm led by a former Amgen scientist, has raised $9 million from Ally Bridge Group, an investment group with ties to Hong Kong.

ImmunGene’s so-called antibody-cytokine fusion technology could help improve the cancer-cell targeting in therapies. President and CEO Sanjay D. Khare was formerly the scientific director at Amgen, the biotech giant. Prior to the funding, ImmunGene had received several hundred thousand dollars in federal research grants.

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Port of Hueneme unveils marine test program

By   /  Tuesday, November 5th, 2013  /  Technology, Tri-County Economy, West Ventura County  /  Comments Off on Port of Hueneme unveils marine test program

Called MAST, short for Marine Advanced Systems and Technology, the program will create an innovation hub of sorts for companies to test paint, products and devices for their ability to operate in marine environments.

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Salem profits soar on higher Internet revenue

By   /  Tuesday, November 5th, 2013  /  Banking & Finance, Earnings, Technology, Tri-County Public Companies  /  Comments Off on Salem profits soar on higher Internet revenue

Christian and conservative media operator Salem Communications Corp.’s third-quarter profits jumped 58 percent to $5.3 million, or 21 cents per share, as revenue increased 3.1 percent to $58.5 million. The Camarillo-based firm’s revenue continued to shift to the Web, with third-quarter Internet revenue increasing 20.4 percent to $9.4 million.

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ValueClick profits jump 33%, firm to sell sites

By   /  Tuesday, November 5th, 2013  /  Banking & Finance, Earnings, Technology, Tri-County Public Companies  /  Comments Off on ValueClick profits jump 33%, firm to sell sites

Online advertising firm ValueClick’s third-quarter profits jumped 33 percent to $22.1 million and the firm announced plans to sell off company-owned websites such as Investopedia.com and CouponMountain.com.

“We delivered strong profitability and cash flow in the third quarter, driven by a continued mix shift into our higher-value-added offerings,” ValueClick CEO and President John Giuliani said in a news release. “Solid year-over-year growth in our CRM, affiliate marketing, mobile, video and cross-device solutions was offset by weakness in our insertion order display business within the media segment.”

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Startup Weekend returns to Santa Barbara

By   /  Monday, November 4th, 2013  /  Latest news, Technology  /  Comments Off on Startup Weekend returns to Santa Barbara

Startup Weekend is gearing up for its return to Santa Barbara on Nov. 15-17. The event is a three-day creative sprint that brings together technical experts, designers and business minds to create a company idea over a weekend. The idea took off with support from the Kauffman Foundation, Microsoft and Google, with local groups organizing Read More →

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With merger and TechPitch win, SLO’s startups are on the fast track

By   /  Friday, November 1st, 2013  /  Central Coast, Columns, Small Business, Technology  /  Comments Off on With merger and TechPitch win, SLO’s startups are on the fast track

In the past couple of weeks, Alex Minicucci has successfully merged his fast-growing mobile marketing company with a publicly traded firm out of Iowa. Meanwhile, an entrepreneurial emergency room doctor from Nipomo came up a with a brilliantly simple solution for holding an iPad one handed that swept the most comprehensive tech pitch night on the Central Coast to date.

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Out of this world: Santa Barbara company produces saucer-shaped UAVs

By   /  Friday, November 1st, 2013  /  Features, Technology, Top Stories  /  Comments Off on Out of this world: Santa Barbara company produces saucer-shaped UAVs

Flying saucers have landed in Santa Barbara.

Aerobat Aviation, a Santa Barbara firm with ties to Georgia, is planning to take its saucer-shaped unmanned aerial vehicle, or UAV, on the road in the coming months hoping to raise $5 million from investors.