Semtech acquires AptoVision Technologies
Semtech, a semiconductor and Internet of Things company based in Camarillo, signed a $28 million agreement to acquire AptoVision Technologies, a chip maker for high-definition displays based in Montreal. Semtech plans to finance the deal with cash on hand, including additional contingent payments of up to $47 million based on future financial targets, according to Read More →
Coding Autism wins MIT entrepreneurial competition
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New Apple smart speaker doesn’t faze Santa Barbara’s Sonos
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MannKind hires financial adviser after boosting cash on hand
MannKind, a Southern California biotechnology company heading to Westlake Village, hired Greenhill & Co. as a financial and strategic adviser June 28, after requesting the last of its line of credit through a loan from the Mann Group. The company will draw on the remaining $30.1 million of funding, using $10.6 million to capitalize unpaid Read More →
Semtech’s LoRa Alliance grows to 500 members
The LoRa Alliance, founded in part by Camarillo semiconductor producer Semtech, reached 500 members, the company announced June 29. The milestone will help further the adoption of the long-range, low-power network, called LoRa or LoRaWAN, Semtech said in a news release. “With well-known global leaders in the LoRa Alliance, the IoT industry is increasingly coming Read More →
CalAmp reports decline in revenues
Internet of Things provider CalAmp, which has operations in Oxnard, announced a decline in revenues for its fiscal year 2018 first quarter, ended May 31, and net losses flat to the previous first quarter at $2.7 million. Revenues fell 3 percent to $88.1 million, primarily as a factor of the closing of the company’s satellite Read More →
Venture capital investor NGEN celebrates exit of Choose Energy
Green tech venture capital investor NGEN — an early investor in Soraa with West Coast headquarters in Santa Barbara — celebrated the exit of Texas-based energy market platform Choose Energy June 26. According to reports, South Carolina-based advertising company Red Ventures spent less than $100 million in its acquisition of Choose Energy, though exact figures Read More →
