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Cisco to Pay $660M for Luxtera, Maker of Advanced Data Center Chips

Xconomy

Cisco has agreed to pay $660 million for Luxtera, a Caltech spinout that makes optical chips for data centers. The semiconductor company, founded in 2001, is based in Carlsbad, CA, a San Diego suburb. David Goeckeler, executive vice president and. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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Westlake Bio Unveils $320M Fund to Put Los Angeles on the Biotech Map

Xconomy

Los Angeles has long been in San Francisco’s shadow when it comes to life sciences investment. But a new venture capital firm led by industry veterans is trying to cast the City of Angels in a new light. Westlake Village BioPartners is launching today with $350 million in committed capital.

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5 things Silicon Valley gets wrong about Southern California

SoCal Delicious

Just this year, Q2 investments in SoCal and New England were virtually the same, with $838 million and $843 million invested respectively, according to PricewaterhouseCoopers MoneyTree Report. The San Diego-based company is one of 53 California companies ranked on the Fortune 500, 22 of which are SoCal companies.