SANTA CLARA and MIGDAL HAEMEK, Israel – Intel Corporation is buying Israeli-based Tower Semiconductor, a leading foundry for analog semiconductor solutions, for $53 per share in cash or about $5.4 billion. The acquisition significantly advances Intel’s IDM 2.0 strategy as the company further expands its manufacturing capacity, global footprint and technology portfolio to address unprecedented […]
Author: Editor
Instrumental Rolls With $50 Million Series C
PALO ALTO — Instrumental Inc., a developer of manufacturing optimization software, has closed $50 million in Series C financing, led by BAM Elevate, with Canaan, Root Ventures and Eclipse Ventures as return investors. Instrumental Inc. will use the funds to expand research and development for new products and make critical hires in engineering and go-to-market […]
Novoloop Raises $11 Million Series A
MENLO PARK — Upcycling startup Novoloop has raised $11 million in Series A financing led by Envisioning Partners with participation from Valo Ventures and Bemis Associates; earlier investors who joined the round included SOSV, Mistletoe, and TIME Ventures. Novoloop is pioneering the chemical transformation of plastic waste into high-performance chemicals and materials. The company’s proprietary […]
What Jobs at Uber Pay
Uber Technologies operates the world’s leading rideshare service and also one of the country’s biggest food-delivery services behind DoorDash. Drivers for Uber services can earn anywhere from $15-$40 per hour. Here are salaries for corporate and technical employees at Uber in the Bay Area. Data comes from H1-B filings with the Department of Labor for […]
Doordash Launches Flower Delivery on Valentine’s Day
DoorDash is officially launching flower delivery on Valentine’s Day. Now customers can send fresh, same-day delivery of flowers to loved ones. The company is partnering with more than 3,000 local and national florists across the country for on-demand delivery, making it easier for customers to discover and gift their favorite floral bouquets. This news follows […]
Security Robot Firm Knightscope Inks Deal With Allied Universal
MOUNTAIN VIEW. & SANTA ANA — Knightscope, a maker of security robots, has inked a strategic partnership with Allied Universal, a leading global security and facility services company with revenues at approximately $20 billion and more than 800,000 employees worldwide. Knightscope will provide its Autonomous Security Robots (ASRs) to the company’s U.S.-based customers to help […]
San Jose State Launches Checkout Free Store
SAN JOSE — Students at San Jose State University (SJSU) will now have one less excuse for being late to class. The SJSU Ginger Market has been transformed into an autonomous retail experience, enabling students, faculty, and staff to grab the items they want and go—without having to scan anything or wait in line to […]
Lovewick, An App for Couples, Raises $1 Million Pre-Seed
SAN FRANCISCO — Lovewick, a new app that helps couples stay in love once they’ve found it, announced on Valentine’s Day it has raised $1 million in pre-seed funding led by Corazon Capital, a fund managed by former Match Group, Tinder, and OkCupid executives, and joined by other notable investors including Leadout Capital and Gaingels. […]
Databook Picks Up $50 Million
PALO ALTO — Databook, a technology platform for sales intelligence, has secured $50 million in Series B funding. The oversubscribed round was led by Bessemer Venture Partners with participation from DFJ Growth and previous investors Threshold, Microsoft’s Venture Fund M12, Salesforce Ventures and Haystack. The funding will be used to accelerate hiring across all areas […]
Flexport Secures $935 Million Round Series E
SAN FRANCISCO — Flexport, a global logistics platform, has secured a massive $935 million Series E investment round led by Andreessen Horowitz and MSD Partners with a strategic investment from Shopify, as well as participation from existing partners DST Global, Founders Fund, SoftBank Vision Fund 1, and other investors including Kevin Kwok. The investment brings […]
Median Apple Salary is $68,254
In filings with the SEC, Apple revealed that the median salary for an employee at the company is $68,254 per year. The median is the midpoint of all salaries at the company, not an average, and is lower due to the large number of retail employees that work at Apple stores which pay around $17 […]
Top 25 Silicon Valley Companies to Watch for Winter 2022
Here are the 25 top companies based in Silicon Valley and San Francisco to watch for winter 2022. These companies have big news, filed for IPOs or recently went public. This list will be updated quarterly for each season.