News about Silicon Valley business almost everyday.
Mountain View detectives are seeking additional victims after a Palo Alto-based tech CEO was found peeping inside a woman’s restroom stall on Monday morning. Around 11:40 am on Jan. 2, Mountain View dispatchers received a call from a woman after an incident inside the woman’s restroom at the Panera on El Monte Avenue. While in […]
SOUTH SAN FRANCISCO — Perceive Biotherapeutics, a biotech company pioneering novel technologies and therapeutics in ophthalmology, has closed a $78 million Series B funding round led by Johnson & Johnson Innovation – JJDC, Inc.(JJDC), joining existing Series A investor Deerfield Management and new investors Braidwell LP, the Retinal Degeneration Fund, and Catalio Capital Management, LP. Perceive […]
Delta Airlines plans to offer fast, free Wi-Fi in partnership with T-Mobile to all customers on board most domestic mainline flights beginning Feb. 1. The announcement was made at CES in Las Vegas. The airline will offer the service on more than 700 Viasat-equipped aircraft by the end of 2023. Delta also announced plans to […]
Mercedes-Benz announced at CES in Las Vegas that it is taking the next step in digitizing its production process, using the NVIDIA Omniverse platform to design and plan manufacturing and assembly facilities. By tapping into NVIDIA AI and metaverse technologies, the automaker can create feedback loops to reduce waste, decrease energy consumption and continuously enhance quality. Mercedes-Benz has […]
Roku announced at CES in Las Vegas that it will launch its own brand of television sets beginning this spring. Roku has over 70 million accounts worldwide for its streaming platform available on certain TV brands and via its own devices that can plug into TVs. The new lineup of Roku-branded TVs — Roku Select […]
Once again the Mega Millions jackpot is flirting with the magic $1 billion mark. Last July 29, a massive $1.337 billion prize was won in Illinois, and now the jackpot is closing in on 10 figures for the second time in just over five months. After no ticket matched all six numbers in the Mega […]
2022 was the year that technology stocks came crashing back to Earth. The Nasdaq stock market, where most technology stocks are listed, was down 33% for the year. The Dow Jones Industrial Average dropped 8.8% and the S&P 500 was down 19.4% for the year. With increasing interest rates and war in Ukraine, investors put […]
SAN JOSE — Tredence, a Data Science and AI Solutions company based in San Jose, has raised $175 million in Series B funding from private equity firm Advent International to accelerate data-fueled growth and AI value realization for industries. Advent will acquire a minority stake in Tredence with the $175 million investment. Advent has significant […]
In 2022, inflation soared to 8.3 percent, drastically affecting the ability of nearly 92 million Americans to afford the cost of living and basic needs such as rent, mortgage, utilities, gas, and food. Even more, approximately 200 million now live paycheck-to-paycheck. The escalation of costs has increased requests for assistance by 30-50 percent in many […]
MENLO PARK — BillionToOne, Inc., a molecular diagnostics company, has secured an additional $48.5 million of funding from existing equity investors as well as upsized its Term Loan Facility with access to up to $35 million, with its existing lender, Bridge Bank. With this additional funding, the Company has raised over $280 million since its first commercial product launch just three […]
Apple has introduced a new app this month, Freeform, included in the latest versions of iOS, iPadOS, and macOS. Freeform helps users organize and visually lay out content on a flexible canvas, giving them the ability to see, share, and collaborate all in one place without worrying about layouts or page sizes. Users can add […]
BURLINGAME – Quadric, a licensor of general purpose neural processing unit (GPNPU) IP, has completed an extension of its Series B funding round, raising an additional $10 million of equity and debt financing in addition to the $21 million equity investment announced in February of this year. Xerox Ventures and Mesh Ventures are the latest […]