New look Sonos eliminates 12% of workforce
Santa Barbara-based Sonos is laying off 200 people, or approximately 12% of its workforce, the audio company announced on Feb. 5, less than a month after the business replaced former CEO Patrick Spence. In a video to employees, Tom Conrad, Sonos interim CEO as of Jan. 13, said the company is “most significantly” shaking up Read More →
Cal Poly announces 12 semi-finalists for 2025 AngelCon
The Cal Poly Center for Innovation and Entrepreneurship (CIE) Small Business Development Center (SBDC) announced the 12 tech startup semi-finalists to compete in the 2025 Angel Conference. This year’s event will take place at Rod & Hammer Rock and stream on YouTube Live on May 1st with the 12 startups having the opportunity to compete Read More →
Teledyne completes $710M purchase from Excelitas
By Amanda Marroquin Business Times Intern Thousand Oaks-based Teledyne Technologies completed its $710 million acquisition of several businesses from Excelitas Technologies Corp on Feb. 3. Teledyne’s, the technology and defense conglomerate, $710 million acquisition included aerospace and defense electronics businesses. Qioptiq, a UK-based optical systems business under Excelitas, was amongst the businesses obtained in the deal, Read More →
Atara will shed 50% of its workforce after FDA rejection
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Unwrap.AI receives $12 million in Series A funding
Santa Barbara-based Unwrap, an AI-powered customer intelligence platform, announced Jan. 30 it has received $12 million in Series A funding. The round was led by Scale Venture Partners with participation from Atlassian Ventures, Cercano, ScOp VC, Allen Institute for Artificial Intelligence, former Stripe CTO David Singleton, Perplexity co-founder Johnny Ho, and others. Unwrap will use the new funding to expand sales and Read More →
Inogen looks to expand product offering with latest partnership
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