News

Pyka to Move Operations to Former Alameda Naval Station

ALAMEDA — Pyka, manufacturer of autonomous electric aircraft for crop protection and cargo delivery, has secured a 110,000 square foot corporate headquarters and production facility in the historic Alameda Naval Air Station, now known as Alameda Point, in the city of Alameda, CA. Formerly a critical hub for United States naval air operations during World War II, Pyka will utilize […]

Venture Capital

Burnbot Reels in $20 Million

SAN FRANCISCO — BurnBot has raised $20 million in financing to expand its mechanized vegetation management and fuel treatment solutions to prevent destructive wildfires. The round was led by ReGen Ventures, with participation from Toyota Ventures, AmFam Ventures, Convective Capital, Blue Forest Asset Management, Skip Capital, Overture Ventures, Lowercarbon Capital and Pathbreaker Ventures. As the frequency and severity of wildfires increase, preventing mass devastation requires scalable, fuels treatment for brush clearance, prescribed […]

News

Subway to Sell Four New Wraps on Lavash Bread

Subway is introducing an all-new lineup of wraps, available at restaurants nationwide on April 11. Subway’s new wraps are served on hearty, lavash-style flatbread – its first new bread option in three years. Inspired by Middle Eastern cuisine, Subway’s new lavash-style flatbread has a soft and bubbly texture. It also holds more ingredients than a […]

News

99 Cent Stores are Going Out of Business

99 Cents Only Stores is closing its doors and has commenced going-out-of-business sales at all of its locations.  Hilco Global is managing the liquidation event, and Jefferies LLC and Hilco Global are managing the sale of the Company’s real estate assets, both owned and leased, in Arizona, California, Nevada, and Texas. These real estate assets consist of desirable retail locations […]

News NVIDIA Venture Capital

Lambda Lands $500 Million for NVIDIA-Powered Cloud-Based AI

SAN JOSE — Lambda, the GPU cloud company founded by AI engineers and powered by NVIDIA GPUs, has secured a special purpose GPU financing vehicle of up to $500 million to fund the expansion of its on-demand cloud offering. The financing was led by Macquarie Group with participation from Industrial Development Funding (“IDF”), and follows […]

News Venture Capital

Aerospike Closes $109 Million in Funding From Sumeru

MOUNTAIN VIEW — Aerospike, Inc. has closed a $109 million growth investment from Sumeru Equity Partners with additional investment from existing investor Alsop Louie Partners. This latest investment signals a validation of the company’s product strength and business performance. The investment accelerates innovation and go-to-market capabilities for Aerospike’s core transaction, analytics, and AI solutions, including vector and graph […]

News Venture Capital

Amazon Completes $4 Billion Investment in Anthropic

Anthropic announced it is using Amazon Web Services (AWS) as its primary cloud provider for mission critical workloads, including safety research and future foundation model development. Anthropic will also use AWS Trainium and Inferentia chips to build, train, and deploy its future models and has made a long-term commitment to provide AWS customers around the world […]

News Venture Capital

Tony Xu of Doordash Invests in PipeDreams

SAN FRANCISCO — PipeDreams, a tech-enabled home services provider, has landed $25.5 million in Series A funding led by Canvas Ventures and Plural, bringing its total equity funding to $39M. Angel investors include Tony Xu, the founder and CEO of DoorDash; Thomas Layton, the founder of CitySearch, former CEO of OpenTable, and Chairman of UpWork; […]

News

Airbnb Generated $85 Billion in Economic Impact in U.S.

In 2023, Airbnb said guests traveled to more than 100,000 cities and towns around the world making it the most dispersed year of travel ever on the platform. In the US, nearly 600 cities and towns welcomed their first guest, demonstrating that travel on Airbnb continues to be a popular way for people to experience new […]

News Venture Capital

Extropic Emerges From Stealth With $14.1 Million

SAN FRANCISCO — Extropic, a pioneer in physics-based computing, has emerged from stealth mode and announced the release of its Litepaper, which outlines the company’s revolutionary approach to AI acceleration through thermodynamic computing. Founded in 2022 by Guillaume Verdon, Extropic has been developing novel chips and algorithms that leverage the natural properties of out-of-equilibrium thermodynamic […]

Venture Capital

Breakout Ventures Hires Five New Partners

SAN FRANCISCO — Breakout Ventures, which invests in creative bioscience entrepreneurs, is welcoming five new venture partners. These industry leaders will lend their experience to diligence new investments and advise Breakout’s portfolio companies on product development and commercialization strategy. “We’ve had the pleasure of knowing these founders and advisors for many years and are delighted […]

Meta News

Union Says Meta Food Service Workers Struggle to Afford Rent, Food

MENLO PARK — According to a new UNITE HERE report, contracted food service workers working in Meta cafeterias nationwide struggle to afford basics like rent and food. In the report, “Food Service Workers at Meta Need A Raise,” employees of the company’s food service contractors, Flagship and Yarzin Sella, say the aftermath of skyrocketing inflation […]