News about Silicon Valley business almost everyday.
SAN FRANCISCO — Cribl, a data Observability Pipeline company, announced it raised $200 million in new Series C funding led by Greylock and Redpoint Ventures, joined by new investor IVP, existing investors Sequoia and CRV, and with strategic investment from Citi Ventures and CrowdStrike. This Series C funding brings Cribl’s total funding to $254 million, coming on the heels […]
SAN FRANCISCO – VMG Partners, a private equity firm specializing in building iconic consumer brands, has hired Brianna Rizzo as the company’s newest Talent Partner. Among her many responsibilities, Rizzo will lead the Talent strategy for VMG Catalyst, a fund that launched in 2019 and seeks to invest in tech businesses, including digital consumer products, services, experiences and […]
As the US National Park Service turns 105, Apple says it will make a $10 donation to the National Park Foundation now through August 29 for each purchase made with Apple Pay on apple.com, in the Apple Store app, or at an Apple Store in the US. An Apple Watch Activity Challenge and special content […]
SAN JOSE — Urban Catalyst, Silicon Valley’s premier Opportunity Zone Fund, announced that the San Jose City Council gave the go-ahead Tuesday to build an extended-stay Marriott in San Jose’s Downtown West, just a short walk from Google’s planned mega-campus. The council’s blessing gives Urban Catalyst the green light to move forward with its Keystone […]
BRISBANE — Trove, which operates a resale platform for top chains including lululemon, Patagonia, REI, Nordstrom, Levi’s, Eileen Fisher, Arc’teryx and other leading brands, has closed a $77.5 million Series D funding round led by G2 Venture Partners, bringing Trove’s total funding to date to $122.5 million. Other participants in the round included Bank of […]
SAN FRANCISCO — Bungalow, a fast growing marketplace for roommate living in the United States, has raised $75 million in Series C funding, led by Deer Park Road, with participation from existing investors including, Atomic, Founders Fund, Coatue and Khosla Ventures, bringing the company’s total funding to date to over $150 million. Serving 3000+ residents […]
REDWOOD CITY — Split, a feature delivery and experimentation platform, has scooped up $50 million in Series D funding led by Owl Rock, a division of Blue Owl Capital, with participation from Northgate Capital and existing investors including Accel, Lightspeed Venture Partners, Harmony Partners, Microsoft’s venture capital fund M12, Atlassian Ventures, and ServiceNow. This latest […]
SAN FRANCISCO — Rapid Robotics, creator of the first ready-to-work robotic machine operator, has raised $36.7 million in Series B funding led by Kleiner Perkins and Tiger Global, with existing investors NEA, Greycroft, Bee Partners and 468 Capital also participating. The latest round is Rapid’s third in less than a year, bringing its total funding to […]
The Apple Card, the credit card launched by Apple in 2019 and issued by Goldman Sachs, ranked highest among the Midsize Credit Card segment in the J.D. Power 2021 U.S. Credit Card Satisfaction Study and received a chart-topping score of 864. Apple Card and issuer Goldman Sachs also ranked highest in the Midsize Credit Card […]
MOUNTAIN VIEW — Kairos Aerospace, a company that finds oilfield methane leaks and emissions, has closed a $26 million Series C-1 funding round, led by DCVC. Returning investors OGCI Climate Investments, John Crane, a Smith Group company, and Energy Innovation Capital (EIC) also participated. Using cutting-edge methane detection algorithms and proprietary sensor hardware, Kairos’ industry […]
SAN JOSE — Adobe announced it will acquire Frame.io, a NY cloud-based video collaboration platform for $1.275 billion. With over a million users across media and entertainment companies, agencies, and global brands, Frame.io streamlines the video production process by enabling video editors and key project stakeholders to seamlessly collaborate using cloud-first workflows. The combination of […]
SAN FRANCISCO — Metabase, an open source platform for sharing data and analytics across any business enterprise, has completed a $30 million Series B funding round, bringing total invested capital to $42.5 million. The investment was led by Insight Partners, with participation by Expa and NEA. Metabase allows users to quickly discover and share insights across their enterprise by […]