News about Silicon Valley business almost everyday.
LOS ALTOS — Akridata, a pioneer in Data-Centric AI, announced the completion of its $15 million Series A round led by Venture Capital firms TeleSoft Partners, Accel, and Mobile Foundation Ventures (MFV) Partners. Akridata also announced the world’s first Edge Data Platform for Data-Centric Artificial Intelligence (AI). With the first AI infrastructure platform in the Data-Centric AI category, […]
SAN FRANCISCO — Commonstock, which operates a social network for retail investors, has raised a $25 million Series A led by Coatue, with participation from QED, Floodgate, Upside Ventures, Resolute Ventures, Abstract Ventures. Philippe Laffont, Bill Ackman, Ari Emanuel, and Michael Ovitz also joined the round as well as Li Jin of Atelier, Turner Novak of Banana Capital, and Jill Carlson. Commonstock said will use the funds to […]
If you’ve been trying to view your Facebook or Instagram feed, you’ve been out of luck most of the day. One of the world’s largest Internet services has been down for over three hours. Facebook, which also owns Instagram and Whatsapp, has seen its websites and apps go down since around 8:37 am Pacific time […]
BERKELEY — Perfect Day, Inc., best known as the creator of the world’s first animal-free milk protein, has scored a $350 million Series D funding round intended to fuel the company’s expanded focus across biological engineering, ingredient innovation, and consumer products. The round, co-led by Temasek and Canada Pension Plan Investment Board (CPP Investments), included […]
SAN FRANCISCO — All Day Kitchens, which operates ghost kitchens in the Bay Area and Chicago, has scored a $65 million Series C financing round led by Lightspeed with participation from GIC, and Alex Taussig joining the board as Director and Jeremy Kranz as Board Observer. Existing investors Andreessen Horowitz, Founders Fund, Khosla Ventures, and […]
Apple TV+ has announced a series order for “Amber Brown,” a new series based on the beloved best-selling books by Paula Danziger that will be directed and written by actress and director Bonnie Hunt (“Life with Bonnie,” “The Bonnie Hunt Show”). She will also serve as executive producer and showrunner. “Amber Brown” is an unfiltered […]
Walmart, the nation’s largest retailer, said it wants to hire approximately 150,000 new U.S. workers for the holiday season. Most of the jobs are permanent, full-time positions for its stores across the country. The new hires will help customers shop whether they’re in a store, using curbside pickup or shopping online. In addition to the […]
SAN FRANCISCO — Coalition, a cyber insurance and security company, has raised $205 million to expand into new insurance lines and help organizations of all sizes remain secure in the face of increasing cyber threats. The new funding round was co-led by Durable Capital, T. Rowe Price Associates and Whale Rock Capital, with participation from the […]
McDonald’s is bringing back the McRib nationwide as the iconic pork sandwich celebrates its 40th anniversary. The legendary McRib will make its triumphant return to McDonald’s USA menus this fall – you can grab the sandwich beginning Nov. 1 for a limited time at participating restaurants nationwide. The McRib made its debut 40 years ago and quickly […]
REDWOOD CITY — Wider Circle, a tech-enabled community health organization working with health plans and providers to connect neighbors for better health, t has closed a $38 million Series B funding round led by AmeriHealth Caritas, a national leader in Medicaid managed care. The AmeriHealth Caritas investment was made through the company’s new wholly owned subsidiary, Social […]
PALO ALTO — EquityBee, an employee-focused stock options funding solution, has landed $55 million in new Series B funding. The round was led by existing investor Group 11, with participation from new investors Israel-based Greenfield Partners, as well as existing investors Battery Ventures, Local Globe/Latitude, Altair and ICON. The investment will be used to advance […]
SAN FRANCISCO — Sisu, a platform that helps companies make better decisions with their data, has raised $62 million in Series C funding round led by Green Bay Ventures and with participation from existing investors a16z and NEA and new investor Geodesic Capital. The new funding brings Sisu’s total capital raised to over $128 million […]