Alive and clicking: Visus thriving after 20 years in software
When Michael Daoud founded Santa Barbara software firm Visus 20 years ago, America Online launched its first portal onto something called the World Wide Web, letting home users access it for the first time. About a quarter of American homes had computers, and in San Francisco, the first-ever conference on the commercial potential of the Web featured Marc Andreessen, founder of a fledgling startup called Netscape, as a key speaker.
GoTek gets patent for rotary engine
Oxnard-based startup GoTek Energy has won its first patent, for its DynaKinetic rotary engine technology. “We are excited about this issuance of our first GoTek Energy patent and expect many more to follow,” CEO Steve Herbruck said in a June 17 news release. GoTek’s DynaKinetic engine has no pistons or no valves and valve seats Read More →
Inogen gets FDA approval for at-home oxygen device
Goleta-based Inogen said it has received approval from the U.S. Food and Drug Administration to sell a stationary oxygen concentrator.
Procore to build out South Coast operations with $15M Bessemer raise
Carpinteria-based Procore Technologies, a maker of cloud-based construction management software, recently raised $15 million from the same Silicon Valley investors that have backed Yelp, LinkedIn and Skype, bringing its total funding to date to $20.5 million.
Eminent domain suits clear way for Ventura County brine line
The Calleguas Municipal Water District has filed eminent-domain lawsuits against four Ventura County property owners to make way for a massive brine pipeline that will help parts of the county import less water from outside the region.
