IBM purchases HRL Labs for undisclosed amount
In an effort to scale its quantum capabilities, global tech firm IBM has purchased HRL Laboratories, a flagship research and development institution, for an undisclosed amount, the company announced July 23. Based in Malibu but housing major operations in Camarillo, HRL is a private company jointly owned by Boeing and General Motors. Both Boeing and Read More →
Deckers releases first-quarter earnings
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ChipAgents keeps venture capital dollars flowing
Just five months after ChipAgents tacked on $50 million to its Series A round, the AI company is piling on the cash yet again, adding another $60 million in Series A2 financing, bringing the expanded round to $134 million in total. New investors in the round included B Capital, joining Bessemer Venture Partners, Micron, MediaTek, Read More →
Procore announces $845M buy
Carpinteria-based Procore Technologies is beefing up its AI capabilities by announcing the acquisition of DroneDeploy for approximately $845 million in cash. Announced July 29, DroneDeploy is a robotics and visual intelligence platform for the built world, used on over 3 million job sites across more than 180 countries. Procore said in the press release that Read More →
Former T.O. building inspector to stand trial in bribery case
A former Thousand Oaks building inspector and another man are headed for trial on charges they solicited a bribe from a contractor in return for the issuance of a city building permit for a residential project. At the conclusion of a preliminary hearing on July 22, a Ventura County Superior Court Judge found there was Read More →
MannKind wins FDA approval for Furoscix ReadyFlow
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