Two of the region’s top technology companies reported second quarter earnings on Aug. 26, with results underscoring how the Internet of Things and cloud computing are transforming established players in semiconductors and software. Camarillo-based Semtech Corp, with a market cap of slightly more than $4 billion, said sales for the second quarter were $143.7 million, Read More →
AppFolio founder and chief strategist Klaus Schauser Santa Barbara-based cloud computing firm AppFolio said revenue jumped 56 percent to $20.3 million for the third quarter as losses grew to $4.8 million. The company, which specializes in providing business-to-business cloud services, said that it had increased both law firm and property management Read More →
While it’s unclear whether the rise and sale of Goleta-based Eucalyptus Systems to tech giant Hewlett-Packard Co. was a major financial success for its investors, one thing is certain: The South Coast is now on the map as having proved the viability of open-source hybrid cloud computing and will have contributed an important component to HP’s cloud strategy going forward.
A year after commercializing its code, Santa Barbara-based AppScale Systems has released a major update to its cloud-hopping technology and is signing up partners and customers such as IBM and Chico’s.
Carpinteria-based Procore Technologies, company that makes cloud-based construction management software, has raised $15 million from the same Silicon Valley investors that have backed Yelp, LinkedIn and Skype.
Whether you call it software-as-a-service or the cloud, Web-hosted code has been around for nearly a decade and has delivered on two key promises: As an end user, your browser is connected to a vastly more powerful computer than you could otherwise afford, and you’re always running the latest version of the software because it’s been updated across all servers. But up there in the cloud, a lot of work is going on behind the scenes.
Alongside its everyday wealth and investment management business, San Luis Obispo-based Taylor Frigon Capital Management has been quietly making venture capital investments over the past five years that are gaining attention from Silicon Valley heavyweights.
Taylor Frigon’s venture investment arm, Taylor Frigon Capital Partners, was an early investor in a company called Otoy in Los Angeles. The company has recently inked deals with a spate of big players — Firefox parent Mozilla, Amazon’s cloud services branch and Autodesk, the gold-standard for 3-D rendering software — to crack a previously unachievable goal.