News about Silicon Valley business almost everyday.
The Federal Trade Commission filed a lawsuit last week against Uber, alleging the rideshare and delivery company charged consumers for its Uber One subscription service without their consent, failed to deliver promised savings, and made it difficult for users to cancel the service despite its “cancel anytime” promises. “Americans are tired of getting signed up […]
SAN FRANCISCO — Windfall Data, a provider of people intelligence and AI-workflow solutions, has closed a $65 million Series B equity raise led by the investment funds managed by Morgan Stanley Expansion Capital. The funding will be used enable to make investments in product development and sales growth. Windfall has now raised over $100 million in external […]
REDWOOD SHORES — Veza, a specialist in identity security, has raised a $108 million Series D investment led by New Enterprise Associates (NEA), with participation from new investors Atlassian Ventures, Workday Ventures, and Snowflake Ventures. Additional participation includes all existing investors, Accel, GV (Google Ventures), True Ventures, Norwest, Ballistic Ventures, J.P. Morgan, and Blackstone Innovations Investments, bringing the […]
In January 2025, San Francisco Police Department investigators assigned to the Burglary Detail discovered evidence of a known fencer, identified as 45-year-old male Ronald Lopez-Rivera from Richmond, CA, providing information on suspected stolen bicycles to another known fencer. A fence is defined as a person who receives stolen goods and resells these items for personal […]
On January 18, 2025, Patrol Officers with the San José Police Department Central Division launched an investigation into a surge of graffiti vandalism that had plagued the downtown area since 2023. Over the course of the investigation, Officers discovered dozens of separate documented vandalism incidents that targeted both commercial, public, and private properties. Officers identified the […]
SAN JOSE — TDK Corporation’s corporate venture-capital subsidiary TDK Ventures, Inc. has launched Fund 3, a $150 million fund to invest in the next generation of iconic deeptech startups. Building on Fund 1, Fund 2 and Fund EX1, this milestone increases TDK Ventures’ total assets under management to $500 million, reinforcing its position as a global […]
SAN JOSE & TEMPE, AZ — Align Technology, a global medical device company that designs, manufactures, and sells the Invisalign System of clear aligners, has announced commercial availability in the U.S and Canada of the Invisalign System with mandibular advancement featuring occlusal blocks designed specifically to address Class II skeletal and dental correction by simultaneously […]
SAN JOSE — Lyten, a supermaterial applications company and developer of lithium-sulfur batteries, announced it has produced the United States’ first battery grade lithium-metal foil utilizing U.S. made lithium alloys and U.S. sourced lithium-metal. Lyten has already achieved a fully localized supply chain for its sulfur cathode and is now localizing the supply chain for […]
SAN FRANCISCO — Reducto, an ingestion platform for unlocking unstructured data for AI pipelines, has raised a $24.5 million series A round of funding led by Benchmark, alongside existing investors First Round Capital, BoxGroup and Y Combinator. This follows the company’s October 2024 seed round of $8.4 million and brings its total funding to date […]
DoorDash has teamed up with Coco Robotics, a leading food delivery robotics company, in expansion of their partnership to offer sidewalk robot delivery for DoorDash customers in select U.S. markets. This builds on an existing pilot program with Wolt—DoorDash’s international arm—where Coco robots have been making deliveries in Helsinki since earlier this year. The U.S. rollout […]
More than half of tech hiring managers (54%) say their companies are likely to conduct layoffs within the next year, and 45% say employees whose roles can be replaced by AI are most likely to be let go, according to a new study by talent and upskilling leader General Assembly. At the same time, 69% say it’s […]
SAN JOSE — Uniqus Consultech, a global platform that offers consulting solutions in the accounting & reporting, finance operations, governance, risk, ESG, and technology domains, has secured $20 million in Series C funding. The round was led by Nexus Venture Partners, with participation from Sorin Investments. Nexus and Sorin are existing investors in Uniqus. The funds will […]