News about Silicon Valley business almost everyday.
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 […]
SAN FRANCISCO — Andersen, a tax and advisory firm based in San Francisco, has announced the promotion of 23 Managing Directors across 11 offices nationwide. Andersen is the founding member of Andersen Global, an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member […]
CUPERTINO — Apple has made the biggest upgrade to pricing capabilities on the App Store since it first launched, providing developers with 700 additional price points and new pricing tools that will make it easier to set prices per App Store country or region, manage foreign exchange rate changes, and more. Since the App Store’s […]
PALO ALTO — Wilson Sonsini Goodrich & Rosati, a law firm that serves technology, life sciences, and growth enterprises worldwide, has elected 18 new partners from its attorney ranks. The promotions will be effective February 1, 2023. Wilson Sonsini is based in Silicon Valley and has 19 offices worldwide. “Our 2023 class of partners is […]
Airbnb is cracking down on unauthorized parties for the New Year’s holiday. The company is introducing restrictions on certain types of bookings over New Year’s Eve. These restrictions will see a ban on one-night bookings of entire home listings for guests without a positive account history – or no previous bookings at all – on […]
LOS ALTOS — Cacheflow, a zero-code SaaS sales platform, has raised a new $10 million investment round led by GV (formerly Google Ventures). Existing investors GGV and Pelion Ventures also participated. Cacheflow has now raised $16 million to date. The new funding will accelerate Cacheflow’s sales and marketing efforts, enabling the company to reach sellers in […]
MOUNTAIN VIEW — Intuit, the global financial technology company that includes TurboTax, Credit Karma, QuickBooks, and Mailchimp, has entered into an agreement to acquire San Francisco-based SeedFi, the partner behind Credit Karma’s Credit Builder, which helps low, or no-credit borrowers build credit while saving money, all for free. Terms of the transaction were not disclosed. Credit Builder offers […]
CUPERTINO — Apple is unveiling a new karaoke-style feature called Apple Music Sing that will allow users to sing along to their favorite songs with adjustable vocals and real-time lyrics. Apple Music Sing offers multiple lyric views to help fans take the lead, perform duets, sing backup, and more — all integrated within Apple Music’s […]
LOS ALTOS, CA and TEL AVIV, Israel — CommonGround, a company based in Silicon Valley and Israel, has raised an additional $25 million, bringing its total funding to nearly $45 million to build an immersive virtual meeting experience that reimagines the future of online interactions. As the world moves to increasingly remote, hybrid, and virtual environments, the company provides a […]
PALO ALTO — Pangea Cyber has announced a $26 million Series B funding round to accelerate the delivery of its API-based security services. The round was led by GV, with participation from Decibel and Okta Ventures. They join existing investors Ballistic Ventures and SYN Ventures. This brings total funding raised for the one year old […]
SAN FRANCISCO — Instacart, the leading grocery delivery company in North America, has introduced Community Carts, a new feature that reimagines traditional food drives, making it easy for consumers to donate groceries that food banks need most with the Instacart App. Just in time for the holiday season, Community Carts gives consumers the opportunity to […]
The median home price in California for the month of October dropped from the previous month to $801,190 according to the California Association of Realtors. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 274,040 in October, according to information collected by C.A.R. from more than 90 […]