Updated: AeroVironment commits $100M to new Moorpark campus
Despite relocating its corporate headquarters five years ago, AeroVironment is committed to growing in California, more specifically the Central Coast. AeroVironment doubled down on its Ventura County presence Aug. 24, announcing a $100 million investment in a unified, company-owned campus across approximately 20 acres in Moorpark. The campus will bring together capabilities from five leased Read More →
Santa Barbara-based Quintessent raises $40M in Series A
Santa Barbara-based Quintessent, a semiconductor company that specializes in resilient and low-cost AI datacenter optical interconnect products, announced it has raised $40 million in an oversubscribed Series A investment round. Announced Aug. 24, Quintessent also announced the start of a customer sampling of its single-chip quantum dot-based DWDM comb laser — a new class of light Read More →
Former Trade Desk employee arrested in alleged insider trading scheme
A former Trade Desk employee was arrested Aug. 20 on a federal indictment charging him with an insider trading scheme while he still worked at the Ventura-based advertising tech firm. Jesse Mitchell, 48, of Ventura allegedly generated more than $338,000 in profits in the scheme, according to the indictment announced by the U.S. Attorney’s Office Read More →
Semtech sells off cellular module business for $62M
Camarillo-based Semtech, a provider of Internet of Things products, announced that it is selling off its cellular module business to Compal Electronics for $62 million in cash, according to an Aug. 13 press release. Compal Electronics is a major Taiwanese original design manufacturer founded in 1984. The deal is expected to close in the fourth Read More →
Latigo’s successful IPO boosts Conejo Valley
The success of the Conejo Valley’s burgeoning biotechnology and life sciences scene was boosted after Thousand Oaks-based Latigo Biotherapeutics, in its Aug. 6 initial public offering, raised $345.6 million, exceeding its initial fundraising expectations. Originally, the company expected to offer 16 million shares between $16 and $18 apiece. In the final offering, Latigo sold 19.2 million shares at Read More →
26 companies represent the region on 2026 Inc. 5000 list
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Updated: Teledyne acquires Varex Imaging for $1.1B
This story was updated on Aug. 12. Thousand Oaks-based Teledyne Technologies made one of the largest acquisitions by a Central Coast-based company this year when it announced it would be purchasing Varex Imaging for $1.1 billion in an effort to increase its exposure in the health care market. Teledyne announced Aug. 10 that it would acquire all of Read More →
