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Two tri-county technology firms garnered $58.5 million in venture capital in recent weeks, deepening the region’s reputation as a hidden gem for growth-capital investors seeking proven entrepreneurs. Transphorm, the Goleta-based company focused on energy efficiency in electronics, has raised $35 million from a group backed by the Japanese government, bringing its total investment raised to Read More →
[EDITOR’S NOTE: This story, originally published online on May 18, was updated with additional quotes and information. The updated version, published May 25, is below]. On the heels of $463 million in business investment since 2010, the city of Goleta is teaming up with its neighbor UC Santa Barbara and the Goleta Valley Chamber of Read More →
The seaside school may not fly under the radar for much longer.
Goleta-based energy efficiency firm Transphorm has broken the 100-employee mark and set its sights on markets that could save four times the electricity consumed by New York City. The company, a UC Santa Barbara spinout headed by electrical engineering professor Umesh Mishra and business partner Primit Parikh, laid out the company’s growth and plans at Read More →
Transphorm, the Goleta-based energy efficiency firm backed by $63 million from Google and other investors, has received a $3.6 million federal grant to improve solar panels. Transphorm’s technology uses a semiconducting material called gallium nitride to drastically reduce heat waste in electronic systems. The grant from the U.S. Department of Energy went to Transphorm in Read More →
Transphorm, an energy-efficiency-focused technology firm, recently secured $25 million in financing.