News about Silicon Valley business almost everyday.
SAN FRANCISCO — ORO, an enterprise software platform that helps orchestrate end-to-end procurement across teams, has raised $25 million in Series A funding co-led by Norwest Venture Partners and B Capital, with participation from XYZ Venture Capital and additional funding from Array Ventures and other investors. ORO was founded by three former product leaders at […]
New data from Synergy Research Group shows that Q3 enterprise spending on cloud infrastructure services exceeded $57 billion. This was up by well over $11 billion from the third quarter of last year despite two fierce headwinds – historically strong US dollar and a severely restricted Chinese market. That incremental spending represents year-on-year growth of 24%. If exchange rates had remained constant over […]
Meta is now selling a high-end virtual reality headset: Meta Quest Pro. Priced at just under $1500, Meta Quest Pro comes loaded with features like high-resolution sensors that enable full-color mixed reality experiences, next-generation pancake optics, advanced LCD displays that deliver sharp visuals, an all-new, sleek and comfortable design complete with guided Fit Adjustment, and […]
Amazon users will seen be able to pay for their orders with Venmo on Amazon.com and on the Amazon mobile app. Venmo is owned by PayPal and has nearly 90 million active customers in the U.S. Starting to rollout to select Amazon customers, Venmo will be available to United States customers by Black Friday. Venmo […]
SAN FRANCISCO — Midi Health, a virtual care clinic making expert care accessible and affordable for all women experiencing the hormonal changes of midlife, has completed a $14 million seed investment co-led by Felicis and SemperVirens. Additional investment comes from leading women’s health investors including Emerson Collective, Icon Ventures, Operator Collective, Muse Capital, Steel Sky […]
SANTA CRUZ — Cruz Foam, a circular materials company providing bio-based, regenerative replacements for single-use plastic in the multi-billion dollar packaging industry, today announced an $18M Series A funding round led by the problem-solving group, Helena. The round was joined by One Small Planet, Regeneration.VC, At One Ventures, and SoundWaves. Cruz Foam is scaling the […]
PALO ALTO — TripActions — an all-in-one travel, corporate card, and expense management company — has raised Series G financing at a post-money valuation of $9.2 billion. The raise, a combination of $154 million in equity from new and existing financial investors as well as a $150 million structured capital transaction led by Coatue, marks […]
Vast oak woodlands punctuated with lush willow groves once stretched from Palo Alto to San Jose and beyond, long before the rise of Silicon Valley. “Centuries of agricultural intensification and urbanization have transformed these landscapes,” says Erin Beller, Google’s ecology program lead who studied Silicon Valley’s ecological history and restoration potential for her PhD. “We’ve […]
Apple is asking suppliers across the globe to take new steps to address their greenhouse gas emissions and take a comprehensive approach to decarbonization. The company will evaluate the work of its major manufacturing partners to decarbonize their Apple-related operations — including running on 100 percent renewable electricity — and will track yearly progress. Apple […]
Best Buy is launching the first ever subscription program for Mac laptops from Apple. The upgrade program, called Upgrade+ powered by Citizens Pay, makes it easy and affordable for customers to experience and upgrade to the latest Mac laptops with Apple silicon, including all MacBook Air and MacBook Pro models. Through Upgrade+, customers can apply […]
Toyota is introducing an all-new version of its Crown sedan in early 2023. With massive wheels, a flowing silhouette and unique paint options, it is a ride that is ready to stand out from the crowd. Toyota Crown brings ample style and the added confidence of standard AWD and the choice of two electrified Toyota […]
On the same day Apple released updates to Mac OS and iPad OS, the company quietly increased pricing for the Apple TV+ video service and the Apple Music service. Apple TV+ is going up from $4.99 per month to $6.99 starting now. The streaming service has been priced very low compared to Netflix and Disney+ […]