News about Silicon Valley business almost everyday.
SAN JOSE — ZEDEDA, a specialist in edge orchestration, announced that it has closed $26 million in Series B funding, capping a period of exponential growth. The broad range of new and existing investors — including Coast Range Capital, Lux Capital, Energize Ventures, Almaz Capital, Porsche Ventures, Chevron Technology Ventures, Juniper Networks, Rockwell Automation, Samsung […]
Palo Alto Police have arrested four suspects for organized retail theft last Sunday evening after they were caught shoplifting at lululemon store in the Stanford Shopping Center. The investigation linked them to prior thefts in other cities earlier in the day. On Sunday, July 17, 2022, at about 6:02 p.m., the Palo Alto Police 24-hour […]
PALO ALTO – HP Inc. has released The Evolution of Cybercrime: Why the Dark Web is Supercharging the Threat Landscape and How to Fight Back – an HP Wolf Security Report. The findings show cybercrime is being supercharged through “plug and play” malware kits that make it easier than ever to launch attacks. Cyber syndicates […]
No one won the Mega Millions lottery jackpot Friday night and next Tuesday’s drawing will be a whopping $790 million if there is one winner. The cash value of the jackpot is $464.4 million. With strong sales expected for such a large jackpot, don’t be surprised if the final prize value for Tuesday’s drawing goes […]
PALO ALTO — Anvilogic, a Security Operations Platform that brings a cloud-based security data lake to life, has secured $25 million in Series B funding. The round was led by Outpost Ventures – a Neuberger Berman fund, with participation from Xerox Ventures, G Squared, Foundation Capital, Point72 Ventures and Cervin Ventures. This round brings Anvilogic’s total […]
SAN MATEO — BigHat Biosciences, a biotechnology company developing safer, more effective antibody therapies for patients using machine learning and synthetic biology, has raised a $75 million Series B funding round, led by Section 32, with participation from new investors Amgen Ventures, Bristol Myers Squibb, Quadrille Capital, Gaingels, GRIDS Capital, among others. The investment brings BigHat’s total funding to date […]
SAN FRANCISCO — TomoCredit, a credit card lending to over 40 million credit-invisible immigrants and international students with no credit history in the U.S, has raised $122 million in equity and debt. The round includes Morgan Stanley’s Next Level Fund, MasterCard, and debt from Silicon Valley Bank. The oversubscribed round also included GoldHouse, Asian Hustle network, […]
SAN FRANCISCO and BERLIN — Headline, a global venture capital firm, has closed $954 million in new capital across three distinct early-stage funds: Headline US VII, a $408M North America-focused fund based out of San Francisco; Headline EU VII, a €320M pan-Europe-focused fund based out of Berlin; and Headline Brazil III, a R$915M Latin America-focused […]
SANTA CLARA — With mortgage rates on the rise, it’s now more practical in over 3/4 of the country to rent homes over first-time buying. Nationally, the gap between monthly starter homeownership costs and rents widened by 25.5 percentage points (+$483) from January to June, according to the Realtor.com Monthly Rental Report. Additionally, more than […]
Netflix is the most-watched streaming service according to data from Nielsen. For the month of June, streaming made up 33.7% of total television viewing according to The Gauge, Nielsen’s monthly total TV and streaming snapshot. This is streaming’s largest share of TV usage to be measured by The Gauge since its inception in May 2021. While viewership […]
National restaurant chain Chipotle Mexican Grill is investing in Hyphen, a San Jose-based foodservice platform designed to help restaurant owners, operators, and budding chefs move their business forward by automating kitchen operations. The investment comes from Cultivate Next, Chipotle’s $50 million venture fund that intends to make early-stage investments into strategically aligned companies that further its […]
FOOTHILL RANCH, CA — After achieving temperatures greater than 75 million degrees Celsius and demonstrating unmatched real-time control of plasma with its state-of-the-art fusion research reactor, Norman, TAE Technologies has secured $250 million in strategic and institutional investments to fund the construction of its next research reactor, Copernicus. Chevron, Google, Reimagined Ventures, Sumitomo Corporation of Americas, and […]