News about Silicon Valley business almost everyday.
This week, Silicon Valley chipmaker Intel named Lip-Bu Tan its new CEO. Here is a message that Lip-Bu Tan sent out to all Intel employees: Team, I’m humbled and honored to be your next CEO. Intel is a company I have long admired. Since I was a child, I have been captivated by the power […]
BERKELEY — Terabase Energy, a provider of digital and automation solutions for utility-scale solar power, announced the closing of its $130 million Series C financing round. Led by SoftBank Vision Fund 2, with participation from both existing and new strategic investors, this round brings the company’s total funding to over $200 million. The new funding […]
FREMONT — Anyware Robotics, a developer of multi-purpose mobile robotics equipped with embodied intelligence, has secured $12 million in seed funding. The round is led by GFT Ventures, with participation from Foothill Ventures, Black Forest Ventures, Alumni Ventures, and other investors. Anyware Robotics is developing highly versatile mobile manipulators to tackle tasks beyond human physical capabilities […]
On January 20, 2025, at approximately 9:52 PM, the San José Police Department responded to a report of an armed robbery and kidnapping that occurred at a massage business located in the 2000 block of Story Road. A preliminary investigation revealed that a male suspect entered the business and paid for a massage service. Immediately […]
SANTA CLARA — Intel Corporation has appointed Lip-Bu Tan, a former CEO of Cadence Design Systems, as its new chief executive officer, effective March 18. He succeeds Interim Co-CEOs David Zinsner and Michelle (MJ) Johnston Holthaus. Tan will also rejoin the Intel board of directors after stepping down from the board in August 2024. Zinsner […]
SAN FRANCISCO — Synctera, a provider of banking-as-a-service and embedded finance, has raised $15 million round of funding, bringing the company to a total of $94 million raised to date. The new funding will support the acceleration of its growth and ability to meet the more complex needs and increased scale of its latest customers, […]
MOUNTAIN VIEW — Intuit Inc., the financial technology platform that operates Intuit TurboTax, Credit Karma, QuickBooks, and Mailchimp, announced the availability of Tap to Pay on iPhone for its QuickBooks Online customers in the U.S., enabling small and mid-market businesses to seamlessly and securely accept in-person contactless payments using only an iPhone. With this added functionality, QuickBooks customers can access […]
SANTA CLARA – ServiceNow, which operates an AI platform for business transformation, has signed a definitive agreement to acquire Moveworks for $2.85 billion in cash and stock. Moveworks has headquarters in Mountain View. The acquisition will combine ServiceNow’s agentic AI and automation strengths with Moveworks’ front‑end AI assistant and enterprise search technology to unlock new […]
The Santa Clara County Sheriff Retail Theft Task Force was at the Target store on North Capitol in San Jose last Thursday for another blitz operation. This time, 11 arrests were made for theft, including items like clothing, food, beer, alcohol, drones, pepper spray, Stanley tumblers, backpacks, personal hygiene products, and even a soccer ball. […]
PALO ALTO — Turing, a fast-growing AGI infrastructure company, has secured $111 million in committed capital for its Series E financing at a valuation of $2.2 billion. Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund, led the round with participation from WestBridge Capital, Sozo Ventures, UpHonest Capital, AltaIR Capital, Amino Capital, Plug and Play, MVP Ventures, […]
LOS ANGELES — Epirus announced an oversubscribed $250 million Series D fundraising round, bringing the company’s total venture funding to more than $550 million and positioning the company to scale production of its Leonidas™ product line to meet growing global demand. Leonidas is a scalable solid-state, high-energy, high-power microwave (HPM) technology for counter-electronics applications that has been proven effective […]
BATAVIA, IL — ALDI announced its plan to open more than 225 new store locations in 2025 as part of the next phase of its five-year national growth strategy. This is the most stores ALDI will open in one year in its nearly 50-year U.S. history as more shoppers than ever look to save up to 36% […]