Kevin Costelloe

3 weeks ago | ocbj.com | Kevin Costelloe

Defense company Anduril Industries has secured a new funding round of $2.5 billion, bringing the company’s valuation to $30.5 billion,  executive chairman Trae Stephens told Bloomberg Television. Founders Fund, the venture capital firm backed by billionaire Peter Thiel, led the new funding round with a $1 billion investment, Stephens said in the interview today. The funding more than doubles the valuation of $14 billion registered last year.

3 weeks ago | ocbj.com | Kevin Costelloe

Newport Beach-based private equity firm L Squared Capital Partners said today its portfolio company, Netrio, has acquired Agio, a New York City-based managed IT and cybersecurity services provider. The transaction represents a strategic step in Texas-based Netrio’s plan to build a scalable, tech-enabled managed services platform with specialized capabilities across targeted industry verticals, according to L Squared.

3 weeks ago | ocbj.com | Kevin Costelloe

Business transformation consultant  Trace3 said today it has acquired Ivoxy, a data center-focused technology systems provider based in Seattle, Wash. Financial details were not released. The acquisition will bolster Trace3’s presence in the Pacific Northwest market, and Ivoxy’s client roster will complement several existing enterprise clients already served by Trace3’s Northwest team out of the Silicon Valley area.

3 weeks ago | ocbj.com | Kevin Costelloe

IT services provider Synoptek has relocated its corporate headquarters to a new, state-of-the-art facility in Costa Mesa from Jamboree Road in Irvine. The new headquarters are located at Pacific Arts Plaza at 611 Anton Blvd. “Our new headquarters represents an investment in our people—providing a space that inspires collaboration, fosters innovation, and supports personal and professional growth,” said Salil Godika, whose appointment as CEO was announced last month.

3 weeks ago | ocbj.com | Kevin Costelloe

Electric vehicle maker  Rivian Automotive Inc. (Nasdaq: RIVN) said today it intends to offer $1.25 billion aggregate principal amount of senior secured green notes due 2031 in a private offering. Rivian expects to use the net proceeds from the offering of the notes, together with cash on hand, to redeem in full the $1.25 billion aggregate principal amount of the co-issuers’ outstanding floating rate senior secured notes due 2026 and pay related fees and expenses.