Venture Capital

Parspec Locks In $11.5 Million Seed Round

PALO ALTO — Parspec, an AI-powered software platform that streamlines the selection and sale of construction products, has raised an oversubscribed $11.5 million seed round. Innovation Endeavors led the investment, with participation from Building Ventures, Heartland Ventures, and Hometeam Ventures. Two investors joined the board in connection with the investment: Innovation Endeavors’ Josh Rapperport as […]

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Palo Alto Police Arrest Woman for Stealing Amazon Van

PALO ALTO – After a woman stole an unoccupied Amazon delivery van in Palo Alto last Thursday afternoon, police tracked the vehicle to San Jose, arrested her, and recovered the stolen van. On Thursday, February 22, 2024, at about 3:35 p.m., the Palo Alto 24-hour dispatch center received a call from an Amazon delivery driver stating […]

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Pet Supplies Plus Now on Doordash

DoorDash has launched a new partnership with Pet Supplies Plus, the largest and most trusted pet retail franchise, to offer on-demand delivery of pet essentials from 720 locations. Whether it’s restocking food for their furry, feathery, or scaly friends, or indulging their pet with a new treat, pet parents can now enjoy the convenience of […]

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KKR Buying Broadcom End-User Division for $4 Billion

MENLO PARK – KKR, one of the nation’s largest private equity firms, has signed an agreement with Broadcom Inc. to acquire its End-User Computing Division (the “EUC Division”) in a deal valued at approximately $4 billion. Upon closing of the transaction, the EUC Division will become a standalone company, with greater access to growth capital […]

Venture Capital

Clumio Scores $75 Million Series D

SANTA CLARA — Clumio, a provider of data backup and recovery for public cloud customers, has secured $75 million in a Series D funding round led by Sutter Hill Ventures, along with participation from existing investors Index Ventures and Altimeter Capital, and new investor NewView Capital. The investment will be used to accelerate the company’s innovation and go-to-market in […]

Venture Capital

PermitFlow Lands $31 Million Series A

MILPITAS — PermitFlow has landed a $31 million Series A round led by Kleiner Perkins with participation from Felicis, Altos Ventures, Initialized Capital, Y Combinator, and leading ConTech, workflow software, and AI angel investors. PermitFlow’s mission is to transform the way construction projects transition from concept to reality, starting with the permitting process. In the face of housing shortages, crumbling infrastructure, […]

Venture Capital

Highway 9 Networks Emerges From Stealth With $25 Million

SANTA CLARA — Highway 9 Networks has launched from stealth, introducing the industry’s first mobile cloud for delivering cloud-native mobility and services for the AI-driven enterprise. Developed by veteran leaders from VMware, the Highway 9 Mobile Cloud enables voice + data coverage everywhere, reliable and high-performance mobile connectivity for AI-driven use cases like robotics, factory […]

Venture Capital

Synadia Secures $25 Million Series B

SAN MATEO — Synadia Communications, Inc., creators and maintainers of NATS.io (NATS), the open-source cloud and edge-native messaging system for high-performance data streaming, has closed a $25 million Series B financing round. Led by Forgepoint Capital, the investment round includes participation from existing investors and new investors Singtel Innov8, LDVP and 5G Open Innovation Lab. Forgepoint Managing Director Ernie Bio will […]

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Agilent CEO to Retire, McDonnell to Take Over

SANTA CLARA — Agilent Technologies announced that Padraig McDonnell, president of the Agilent CrossLab Group (ACG), has been named CEO-elect and chief operating officer (COO) of the company, succeeding current President and CEO Mike McMullen who will retire. McDonnell will become Agilent’s president and CEO and join Agilent’s Board of Directors on May 1. Agilent […]

Venture Capital

Cancer Detection Platform Freenome Raises $254 Million

SOUTH SAN FRANCISCO — Freenome, a biotechnology company developing blood tests for early cancer detection, announced the addition of $254 million from new and existing investors. The funding enables Freenome to advance the pipeline of single-cancer and tailored multi-cancer early detection tests built on its multiomics platform. Roche led the financing, joined by a16z Life […]

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Chipotle to Offer Free Guac on Leap Day

NEWPORT BEACH, CA — Chipotle Mexican Grill announced that on “Extra Day,” February 29, guac will not be extra* for fans who use code EXTRA24 on digital orders placed exclusively on the Chipotle app or Chipotle.com. Chipotle is kicking off “Extra Day” celebrations early starting February 26, with a gamified scavenger hunt on Chipotle’s official Instagram account, which will […]

Venture Capital

Decarbonization Partners Leads $150 Million Round in Antora Energy

SUNNYVALE — Antora Energy, a leader in zero-emissions industrial heat and power, raised a $150 million Series B funding round led by Decarbonization Partners, a partnership between BlackRock and Temasek. This financing round will enable Antora to ramp production of its factory-made thermal batteries to deliver billions of dollars of zero-emissions energy to industrial customers. […]