Cal Poly San Luis Obispo will get $5 million in federal funds to form a partnership with the Air Force Research Laboratory to study drone technology. U.S. Rep. Salud Carbajal, D-Santa Barbara, was one of three reps who helped direct $10 million to Cal Poly SLO and Cal Poly Pomona in the Consolidated Appropriations Act Read More →
Teledyne Technologies saw growth in nearly all markets during the first quarter of 2021, helping the company beat expectations and deliver positive results on its first earnings report of the year. Teledyne, a Thousand Oaks-based industrial and scientific conglomerate, reported an adjusted earnings per share of $3.02 for the first quarter of 2021, beating Zacks’ Read More →
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The newest speaker from Sonos, Roam, made its debut April 20 and has the potential to help the Santa Barbara smart-speaker company grow in 2021 and beyond. Roam is Sonos’ first attempt into breaking into the portable Bluetooth speaker market, a market that is expected to see an annual growth rate of 11.71% from 2019 Read More →
Editor’s note: Henry Yang, the chancellor of UC Santa Barbara since 1994, is this year’s entry into the Pacific Coast Business Times tri-county business Hall of Fame. He will be honored in a virtual event on May 20. Register for the event here and check out the entire Hall of Fame special section here. He’s Read More →
PureSpectrum, an online market research company based in Westlake Village, recently secured $17 million in Series B funding from Arthur Ventures, a Minneapolis-based growth equity firm. The company connects researchers with online survey respondents. It grew out of Hub101, California Lutheran University’s entrepreneurial coworking space, and in the five years since it was created has Read More →
Ingenuity, a helicopter drone developed by Simi Valley-based AeroVironment, made history early in the morning of April 19, becoming the first man-made aircraft to fly on another planet, according to the National Aeronautics and Space Administration. “Goosebumps,” MiMi Aung, NASA’s project manager for Ingenuity, said during a press conference while looking at a video of Read More →