MOBIX LABS, IRVINE
FABIAN BATTAGLIA, CEO;
JAMES PETERSON, EXECUTIVE CHAIRMAN
Chip startup which focuses on next-generation 5G wireless communications. Company was founded in 2020 and is pursuing a twin-track growth approach of organic growth and acquisitions. Its board’s executive chairman is longtime area tech executive “Jimmy P” Peterson, who previously led Microsemi.
THEN: Came out of stealth mode early last year, the same time it announced $10 million in funds. It has since made several partnerships and announced two acquisitions. In April, announced deal to buy Advanced Interconnect Technologies, a St. Cloud, Minn.-based manufacturer and product development firm serving the military, defense, and commercial air and space industries.
Mobix Labs last July said it had bought on undisclosed terms Cosemi Technologies Inc. of Irvine, a company that specializes in high-speed connectivity equipment. In September, made a second local buy, for EMI Solutions, which makes products to reduce the amount of unwanted noise and electromagnetic interference on military and aerospace electronics systems.
NOW: Lining up a new Series A funding round, according to CEO Battaglia. “We launched recently our next financing round and we’re in the midst of doing that. We’re looking to raise $30 million,” said Battaglia.
FUTURE: “We’re continuing on the path where we grow organically with the core IP (intellectual property) that we have and we accelerate that growth with an M&A strategy,” according to Battaglia.
IN THEIR WORDS: Of Cosemi buy, Peterson—who oversaw dozens of acquisitions while at Microsemi—said the deal was “the first of many more that will transform Mobix Labs into a household name.”
