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 →
Cottage taps AI platform for better outcomes
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