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In what could help SantaBarbara further increase its influence in the high tech world, Surf Air , the subscription-membership based, all-you-can-fly airline headed by Wade Eyerly, said today that it has added SantaBarbara to its daily schedule. Surf Air launched its service between Burbank and San Francisco in June.
The Investment Group of SantaBarbara is the primary backer of a developer of online training software for corporations, which announced a funding round Thursday. during 2012 from the Investment Group of SantaBarbara.
Search engine giant Google announced Tuesday that the firm is funding a number of University research projects, including a group of researchers at UC San Diego, a researcher at UC SantaBarbara, and a researcher in Los Angeles. Google said that the firm is awarding a total of $5.7M
The Investment Group of SantaBarbara , a venture capital investment group based in SantaBarbara, has invested $4M in funding for a developer of a web-based cloud training software firm, Mindflash , Mindflash said today. The firm is led by Donna Wells, the former CMO of Mint.com. READ MORE>>.
San Francisco-based real estate startup Pacaso, which was founded by former Zillow executives Austin Allison and Spencer Rascoff, said this week that it is expanding its platform to SantaBarbara. The company recently raised $125M in a Series C funding round led by Softbank's Vision Fund 2, at a $1.5 billion valuation.
The Investment Group of SantaBarbara (IGSB) is one of the backers this week in machine learning and artificial intelligence software developer Solvvy. Solvvy says it has raised $4.5M Solvvy says it has raised $4.5M Solvvy is based in Palo Alto. READ MORE>>.
Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venture capital. The fund would seek to invest in companies started on campus, from University research, and from students. READ MORE>>.
SantaBarbara- and New York-based Lead Edge Capital, a private equity investor which focuses on growth stage investments in technology companies, said on Wednesday that it has raised $150M in a new fund. According to the company, the new fund will be used for public equity investments. by Fastly).
If you’re funding the same stuff as everybody else and if you started your activities when the clues were obvious you’re much less likely to drive enormous returns. When Fred Wilson funded Twitter I guarantee you it wasn’t obvious that it was a billion dollar idea. Venture Capital is a tricky industry. Far from it.
EI Solutions, the solar integration startup backed by Pasadena-based Idealab, has scored a win in the City of SantaBarbara. According to Tioga Energy, a renewable energy services provider, and EI Solutions, the two are building and funding a 384 kW DC solar electric system for SantaBarbara.
SantaBarbara-based BioIQ , the provider of online wellness testing and related services for employees and their employers, has upped its latest round of funding to just over $1.0M, according to a regulatory filing from the firm today. Details on the additional funding were not disclosed. READ MORE>>.
SantaBarbara-based Restaurant Revolution Technologies , a firm developing restaurant order management technology, has raised a round of venture funding, according to BR Venture Fund , a MBA student run venture capital fund based out of Cornell University. Financial details of the investment were not disclosed.
SantaBarbara-based whole home music system maker Sonos has raised $130M in a new funding round, according to a regulatory filing from the firm. No details of the funding have yet been announced by the company. According to the filing, eight investors participated in the new funding for the company. READ MORE>>.
SantaBarbara-based BioIQ , a startup developing personalized medical testing services, is in the midst of raising funding, according to multiple sources. in funding. in funding from Great Pacific Capital. Tags: bioiq jentryx venture capital funding personalized medical testing medicine. READ MORE>>.
According to Eric Robison, the firm's CEO, the funding round will go towards increasing the firm's global reach and expanding content. Meritech Capital also participated in the funding. As part of the big new funding, Andrew Braccia of Accel and Vic Parker of Spectrum have both joined the company's board. READ MORE>>.
When is a funding also an exit? When part of that funding is used to pay off early investors. The $135M funding for SantaBarbara-based wireless music system maker Sonos appears to be just that, rewarding such investors as Andreas von Blottnitz, and undoubtedly co-founders John MacFarlane, Craig Shelburne, Tom Cullen.
The Three Enthralling Factors Of Venture Funding. Naval Ravikant, Co-Founder of AngelList and Venture Hacks, details a variety of factors that influence your chances of raising venture funding in this informative interview. all of which continue to thrive in SantaBarbara to this day.
FastSpring , the fast growing SantaBarbara-based e-commerce payment services provider headed by Dan Engel, said today it has scored a funding round from Pylon Capital, a Los Angeles-based investment firm. Size of the funding round was not disclosed.
SantaBarbara-based Eyko, a new startup focused on "data preparation, blending, and streaming", says it has raised $2.5M in a Seed funding round, the company announced this morning. The startup is led by co-founder and CEO Paul Yarwood.
SantaBarbara-based SerImmune , a company developing immune mapping technology, has raised $1.4M in new funding, as part of what appears to be an ongoing $7.0M funding effort. in funding back in 2017, from such investors as Illumina Ventures, Merck and others. SerImmune previously raised $8.0M READ MORE>>.
SantaBarbara, reported today that it has been awarded several million dollars in funding from the Department of Energy''s Advanced Research Projects Agency Energy (ARPA-E). According to the company, the funding comes as part of a four year, $3.2M Soraa , the LED lighting technolgoy developers which was spun out of U.C.
SantaBarbara-based Invoca -- better known here by its prior name, RingRevenue -- said this morning that it has raised $20M in a Series C financing round. The startup, led by Jason Spievak, said the new funding was led by Accel Partners, and also included prior investors Upfront Ventures and Rincon Venture Partners. READ MORE>>.
The University of California, SantaBarbara and Mitsubishi Chemical Corporation of Tokyo have just announced that Mitsubishi Chemical will invest $6M in the school, as part of an extension of a materials research and education alliance. Tags: mitsubishi chemical materials ucsb santabarbara grant research.
SantaBarbara-based Eucalyptus , which develops cloud computing management software, and Jamcracker , a developer of software for provisioning public and private cloud services, said today that the two firms have integrated their software. Business terms of the effort were not disclosed. Business terms of the effort were not disclosed.
John Bowers at the University of California, SantaBarbara; and Dr. Gerard Medioni and Dr. Alan E. Tags: ucsb ucsd research grant computer funding. Willner at the University of Southern California.
Goleta-based Apeel Sciencs , a startup developing technology which coats fresh fruit and vegetables with what it calls an "extra peel" to help preserve fruit for longer, has raised a huge, $250M funding round, the company said on Tuesday. The funding was led by GIC.
Instead, grab your surfboard and head to UC SantaBarbara. A decent showing, but well below a number of larger schools, as the ranking is based on the number of graduates who secured VC funding. UC SantaBarbara has avoided this mistake by placing its Program within the Engineering department. Share and Enjoy.
Later today I’m presenting at the annual Rincon Ventures Summit in SantaBarbara. There is a mythology amongst some LPs (funds that invest in VCs) and some VCs that “entry price doesn’t matter – only investing in the absolute best entrepreneurs.” Startup Exits: A Primer from msuster.
Tradesy, one of the fastest growing sharing economy companies, was initially funded by the sharing economy. Thus, Tracy not only funded her business to profitability by leveraging the sharing economy, she also met her life mate. Tracy''s remarks are taken from a talk she gave to a group of aspiring entrepreneurs at UC SantaBarbara.
Santa Monica-based SurfAir , the startup airline headed by Wade Eyerly which is part of the Muckerlab accelerator, is closing in on $14M in its first funding round, according to reports today.
The UC SantaBarbara has received a big boost to the firm's technology programs with a $50M gift from the Chairman of Oracle and his wife, Jeff and Judy Henley. Jeff Henley, who is a UCSB graduate, is currently Chairman of the Board of Oracle, and served as Chief Financial Officer of the company from 1991 to 2004.
SantaBarbara-based AppFolio , a developer of software-as-a-service for property management, is announcing today that it has raised $8M in additional funding for the firm. The funding comes from the Investment Group of SantaBarbara (IGSB). The company said the new funding will go to accelerate its growth.
SantaBarbara-based Phone Halo has launched a crowd-funded project to develop a Bluetooth-based device to track users' wallets, the company said Tuesday. The firm said it has launched a crowd funding project seeking $250,000 to fund its efforts. READ MORE>>.
SantaBarbara-based Lastline has raised $10M in a funding round, to go towards the development of its malware defense software, the firm announced this morning. The new funding round was led by Redpoint Ventures and e.ventures, with Redpoint''s John Walecka joining the firm''s board. Lastline is led by Jens Andreassen.
The information--gleaned from funding announcements, regulatory filings, and other sources--are also up significantly from Q1 of last year, when only $729.89M was invested in the region. Other big funding deals included a big, $115.3M for Santa Monica electric vehicle firm Coda Automotive. in a March deal.
SantaBarbara-based RightScale , the developer of cloud computing management software headed by Michael Crandell, has raised $15.6M in a new round of funding, according to a regulatory filing by the company. Details on the funding have not yet been announced by the company. The firm has now raise $58.10M in funding.
The app--which is free--is the brainchild of David Rabie and Joe Sarafian, two Santa Monica entrepreneurs who were born and raised in Los Angeles. The two were roommates at UC SantaBarbara and hatched the idea because they are diehard sports fans.
Remember SantaBarbara-based Callwave , the onetime developer of Internet call waiting and Internet fax services? Now, FuzeBox announced a Series A funding round worth $20.0M, from Index Ventures, Khosla Ventures, and Insight Ventures.
SantaBarbara-based Curtail , a new cybersecurity startup which recently landed $3.25M in funding, said this morning that it has named two VPs. Curtail recently raised $3.25M in a seed funding round from Tarus Capital. Curtail recently raised $3.25M in a seed funding round from Tarus Capital.
SantaBarbara-based RentTrack , a startup developing online rent payment and reporting software, said on Monday that it has raised a Series A funding round. Size of the funding was not disclosed. RentTrack said the funding was led by Yabeo. The company said the funding will go towards growth in Canada and the UK.
SantaBarbara-based RightScale , a developer of cloud computing management software, announced this morning that it has raised $25M in a new round of funding. The third round of funding was led by Tenaya Capital, and also included DAG Ventures, Benchmark Capital, Index Ventures, and Presidio Ventures. across three rounds.
SantaBarbara-based CytomX Therapeutics , a biotechnology firm developing antibodies, said this morning that it has raised $30M in a Series B funding round. The round was led by Third Rock Ventures, and also included the Roche Venture Fund. CytomX was started in 2008, based on research out of UC SantaBarbara.
SantaBarbara- and New York-based clean technology investor NGEN Partners has scored an exit at Choose Energy , a startup which lets consumers comparison shop for and select electric energy providers, according to a report. The report, from Fortune, said the deal was worth less than $100M. READ MORE>>.
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