News about Silicon Valley business almost everyday.
The San Francisco Police Department is urging members of the Chinese community to be on alert for blessing scams following several recent cases in which criminals stole approximately $374,000 in cash and property from victims, San Francisco police Chief Bill Scott announced Tuesday. The cases, which began in late November and have continued into January, […]
STUTTGART, Germany and SUNNYVALE — Mercedes-Benz and Google Cloud announced the expansion of their strategic partnership to introduce new conversational capabilities to the MBUX Virtual Assistant, powered by Google Cloud’s new Automotive AI Agent. Built using Gemini on Vertex AI, Google Cloud’s Automotive AI Agent is specially tuned for the automotive industry and can reference information from Google […]
The Securities and Exchange Commission announced that broker-dealers Robinhood Securities LLC and Robinhood Financial LLC (collectively, Robinhood) have agreed to pay $45 million in combined civil penalties to settle a range of SEC charges arising from their brokerage operations. “It is essential to the Commission’s broader efforts to protect investors and promote the integrity and […]
FREMONT — Enovix Corporation, a high-performance battery manufacturing company, says it received a sizable pre-paid purchase order from a Silicon Valley-based global technology leader in Artificial Intelligence (AI) and immersive technologies. The order is for a cutting-edge battery solution tailored for next-generation head-worn Mixed Reality (MR) wearables. These batteries will support the revolution of smart […]
MENLO PARK — Andreessen Horowitz (a16z) Bio + Health is forming a first-of-its-kind venture capital fund to fuel broader innovation in human health, in partnership with Eli Lilly and Company (“Lilly”). The Biotech Ecosystem Venture Fund (“Fund”) seeks to drive transformative progress in healthcare by investing in therapeutic platforms and cutting-edge technology companies that can […]
SAN FRANCISCO — Planet Labs PBC, a provider of daily Earth data and insights, announced that its high-resolution Pelican-2 satellite [rendering above] and 36 SuperDoves of Flock 4G were successfully launched to orbit on SpaceX’s Transporter-12 Rideshare mission from Vandenberg Space Force Base in California. The Planet team has successfully made contact with Pelican-2 and […]
SAN FRANCISCO and BOLINGBROOK, IL— Instacart, the leading grocery delivery company in North America, and Ulta Beauty, the nation’s largest beauty retailer, have announced a nationwide partnership to offer same-day delivery. With this collaboration, Ulta Beauty’s unparalleled assortment – spanning every category and price point – now available for delivery in as fast as an hour via […]
Nasdaq has closed the book on a remarkable 2024, maintaining its position as the leading U.S. exchange for initial public offerings (IPOs) for the sixth consecutive year while achieving its highest listings volume since 2021. Across a number of metrics, Nasdaq showed considerable growth and stability this year. As of December 17, companies listing on the […]
PALO ALTO — D-Wave Quantum Inc., which produces quantum computing systems, software, and services, announced that CEO Dr. Alan Baratz was interviewed on CNBC’s The Exchange last week, where he addressed recent comments from NVIDIA CEO Jensen Huang related to quantum computing’s readiness and commercial availability. Dr. Baratz clarified that there are different types of quantum […]
SAN FRANCISCO — ŌURA, the company behind the smart ring Oura Ring, has completed a $200 million Series D funding round. Fidelity Management & Research Company and Dexcom, the global leader in glucose biosensing, participated in the round. The investment raises the company’s valuation to $5.2 billion. This financing reflects ŌURA’s momentum in building and […]
LOS ANGELES – Governor Gavin Newsom announced he has increased California National Guard personnel activated to support Los Angeles responders to 1,680 service members — doubling the CalGuard boots on the ground. Joining the thousands of personnel deployed to combat the hurricane-force firestorm in Los Angeles, CalGuard service members are fighting fires and ensuring the […]
SAN FRANCISCO — Innovaccer Inc., a healthcare AI company, has secured a $275 million Series F funding round. The round was a combination of primary and secondary, and includes participation from B Capital Group, Banner Health, Danaher Ventures LLC, Generation Investment Management, Kaiser Permanente, and M12. This investment will fuel Innovaccer’s efforts to expand its […]