News about Silicon Valley business almost everyday.
PALO ALTO — Guardant Health, a precision oncology company, announced that Palmetto GBA, a Medicare administrative contractor that administers the Molecular Diagnostics Services program (MolDX), granted coverage for the Guardant Reveal test to monitor for disease recurrence in patients with colorectal cancer (CRC) following curative intent therapy. Guardant Reveal, which runs on Guardant’s Smart Liquid […]
The top CEOs in Silicon Valley were seen in attendance at Donald Trump’s Inauguration at the U.S. Capitol in Washington, DC today. Apple CEO Tim Cook, Google CEO Sundar Pichai and Meta CEO Mark Zuckerberg were all seen seated behind President Trump and his family in the crowded Capitol Rotunda. [Photo above: Behind Vice President […]
SUNNYVALE — Coram AI, a developer of LLM-powered video security, has raised $13.8 million in Series A funding in a round led by Battery Ventures, a global, technology-focused investment firm. Existing investors 8VC and Mosaic Ventures also participated in the round. As part of the financing, Battery Partner Marcus Ryu, the former co-founder and CEO […]
SAN FRANCISCO — Instabase, an applied artificial intelligence (AI) solution for unstructured data, has secured its $100 Million Series D round. This latest round was led by QIA, with participation from existing investors Greylock Partners, NEA, Andreessen Horowitz, and Index Ventures. Founded in 2015 – a pioneer in unstructured data management – Instabase will direct […]
SANTA CLARA — Intel Corporation said it plans to separate Intel Capital, its global venture capital arm, into a standalone fund. The new fund will bring Intel Capital’s corporate structure into alignment with other leading venture firms, enabling greater autonomy and the flexibility to attract external capital. Intel will remain an anchor investor in the […]
eBay Inc. has signed an agreement to acquire Caramel, an end-to-end online automotive transaction solution provider. Terms weren’t revealed. Caramel’s technology platform provides a secure and seamless digital transaction experience that handles all of the complexities of a vehicle sale, including paperwork, ownership transfer, financing, transportation and more, whether transacting on Caramel’s site or app, […]
AMD’s new Ryzen AI PRO processors will power new Dell Pro devices. These new PCs will be the first Dell commercial devices shipping with AMD Ryzen AI PRO processors, marking a significant milestone in the strategic collaboration between AMD and Dell. “We’re incredibly proud to collaborate with Dell on the next generation of commercial PCs […]
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 […]