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GoTek gets patent for rotary engine

By   /  Tuesday, June 24th, 2014  /  Small Business, Technology, Top Stories, Tourism, Tri-County Economy, West Ventura County  /  Comments Off on 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 →

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Inogen gets FDA approval for at-home oxygen device

By   /  Tuesday, June 24th, 2014  /  Central Coast Health Watch, South Coast, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on 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.

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Procore to build out South Coast operations with $15M Bessemer raise

By   /  Friday, June 20th, 2014  /  South Coast, Technology, Top Stories, Tri-County Economy  /  Comments Off on 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.

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FzioMed aims for year-end U.S. approval

By   /  Friday, June 20th, 2014  /  Central Coast, Law, Technology, Tri-County Economy  /  Comments Off on FzioMed aims for year-end U.S. approval

After nearly eight years of tangling with the Food and Drug Administration, San Luis Obipso-based FzioMed said it might receive approval to sell its products in the U.S. by year’s end.

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Investors affirm Vitesse turnaround strategy in sold-out $26.7M offering

By   /  Friday, June 20th, 2014  /  Banking & Finance, Technology, Top Stories, Tri-County Public Companies  /  Comments Off on Investors affirm Vitesse turnaround strategy in sold-out $26.7M offering

In a little over a year, investors have twice shown confidence in the turnaround of Vitesse Semiconductor Corp. On June 17, the company netted proceeds of $26.7 million by selling 8.6 million shares of common stock.

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CLU snags head of UCSB’s startup contest

By   /  Tuesday, June 17th, 2014  /  East Ventura County, Latest news, South Coast, Technology  /  Comments Off on CLU snags head of UCSB’s startup contest

Mike Panesis, a key player in entrepreneurship circles who heads the biggest collegiate business-pitch contest in the region, is leaving UC Santa Barbara for a post at California Lutheran University.

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Invoca hits 100-employee mark, opens SF office

By   /  Friday, June 13th, 2014  /  Technology, Top Stories  /  Comments Off on Invoca hits 100-employee mark, opens SF office

Santa Barbara-based marketing technology firm Invoca has passed the 100-employee mark, opened an office in San Francisco and hired a bevvy of new executives. Invoca makes a platform that helps companies close more sales when customers call in. The company has raised $30.8 million from investors that include Santa Barbara-based Rincon Venture Partners, Palo Alto Read More →

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