News about Silicon Valley business almost everyday.
WhatsApp, a division of Meta, has introduced new features to improve calls on its service. Here are some of the improvements: 32-person calls: You can now start a video or voice call on your mobile device with up to 32 people — four times the previous amount. Message or mute participants: Long pressing on a participant will […]
SAN FRANCISCO — CyberCube, a provider of cyber risk analytics, has landed $50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with continued participation from all existing investors Forgepoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., MTech Capital, and key investors from Stone Point Capital. Scott G. Stephenson, […]
PALO ALTO — Ganymede Bio, the cloud infrastructure provider built for the life sciences and manufacturing industries, has raised a $12.75 million Series A funding round, led by Caffeinated Capital. This follows a $2.9 million seed round completed earlier this year, bringing the total to over $15.6 million. Founded in 2022, the company has exceeded […]
The United States Postal Service plans to buy at least 66,000 battery electric delivery vehicles as part of its 106,000 vehicle acquisition plan for deliveries between now and 2028. The vehicles purchased as part of this plan will begin to replace the Postal Service’s aging delivery fleet of over 220,000 vehicles. New electric vehicles are […]
Doordash, the nation’s leading food delivery service, has laid off 311 workers at its headquarters in San Francisco according to a WARN filing with the state of California. The company had announced it would cut 1,250 jobs on November 30. Another 75 were cut at its Los Angeles offices according to a separate WARN filing. […]
SAN MATEO — Amazon’s gaming division is teaming up with San Mateo-based Crystal Dynamics to develop a new multiplatform Tomb Raider title, with Amazon Games providing full support and publishing the game globally. The new Tomb Raider game (actual name hasn’t been decided on) is a single-player, narrative-driven adventure that continues Lara Croft’s story in the […]
Instacart, the nation’s leading grocery delivery company, has released its first-ever list of 75 emerging brands for 2022. The company used year-over-year sales data to identify the 75 fastest-growing emerging brands of 2022 on Instacart. On this year’s list you’ll find lots of innovative options in the better-for-you category, including vegetarian meals from brands like […]
The Kroger Co., one of the nation’s largest supermarket chains, is launching floral and sushi delivery on the DoorDash marketplace from stores across the country. The new delivery option through DoorDash marks the latest expansion of the grocer’s seamless experience, providing customers with even more opportunities to get fresh, affordable products. “By offering customer-favorite sushi options and premium floral […]
Public Storage, a publicly-traded owner, acquirer, developer, and operator of self-storage properties, announced the reopening of a facility adjacent to Apple, Inc. offices in Cupertino. The Public Storage at 20565 Valley Green Drive, Cupertino location now features two five-level state-of-the-art buildings that include app-enabled digital property access and account management, eRental capability, and smart security […]
SANTA CLARA — SafeAI, a provider of autonomous solutions for heavy equipment, has landed a $38 million Series B round of funding with investors including Builders VC, McKinley Management, George Kaiser Family Foundation, and Energy Innovation Capital. Additionally, Moog Inc. joined the round as a strategic investor. SafeAI retrofits construction and mining vehicles with aftermarket hardware and proprietary autonomy software […]
PALO ALTO — TripActions — provider of an all-in-one travel, corporate card, and expense management solution — has secured $400 million in credit, consisting of a warehouse debt facility from Goldman Sachs Bank USA, as the senior lender and administrative agent, with a $200 million commitment ($300 million total Program Limit) and an asset-backed lending […]
SAN FRANCISCO — Vevo Therapeutics, a biotechnology company using its Mosaic in vivo drug discovery platform and next generation AI models to uncover better drugs for more patients, has launched with an oversubscribed and upsized $12 million seed financing round. Wing Venture Capital and General Catalyst co-led the round with participation from Mubadala Capital, AIX Ventures, and Camford […]