News about Silicon Valley business almost everyday.
SUNNYVALE — Real estate firm Tishman Speyer announced the sale of the former NetApp headquarters campus in California to CommonWealth Partners, a national commercial real estate developer, investor and operator. The property sold for a reported $707 million. Tishman Speyer acquired the campus, located on Crossman Drive in the desirable Moffett Park neighborhood, from NetApp in April 2021 for $356 million. […]
Sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the onset of the coronavirus pandemic sent shockwaves through the housing market. By comparison, sales of non luxury homes fell 5.4%. That’s according to an analysis of luxury real estate trends from real estate brokerage […]
PALO ALTO — SAV (Scale Asia Ventures), a Silicon Valley-based venture capital firm, has launched its $30 million inaugural early-stage fund in commitments to support enterprise-focused companies. Beyond early-stage funding, SAV also plans to fuel its portfolios with additional $100 million later-stage funding directly from its deep-pocketed Limited Partner base. Fund backers include institutional funds, […]
SAN FRANCISCO — AppOmni, a provider of SaaS security, has raised $70 million in a Series C funding round to advance product development, fuel international growth, and scale go-to-market processes. The investment was led by Thoma Bravo, a leading software investment firm, with participation from existing investors, including Scale Venture Partners, Salesforce Ventures, ClearSky, and […]
SAN FRANCISCO — Kruze Consulting, a CPA and finance consulting company for VC-backed startups, has released new data on the average salary for startup CEOs. 2022 is becoming a record year for startup CEO salaries – averaging $150,000 per year, up from the 2021 average of $146,000, and an increase of 8% since the pandemic […]
CUPERTINO — Apple, on the first day of its WWDC Developers Conference, has introduced a completely redesigned MacBook Air and an updated 13-inch MacBook Pro, both powered by the new M2 chip. With an all-new, thin design and better performance, MacBook Air also features a larger 13.6-inch Liquid Retina display, a 1080p FaceTime HD camera, four-speaker sound […]
MENLO PARK — Meta Platforms — parent company of Facebook, Instagram and Whatsapp — announced that its Class A common stock will begin trading on NASDAQ under the ticker symbol ‘META’ prior to market open on June 9, 2022. This will replace the company’s current ticker symbol ‘FB’, which has been used since its initial […]
Fifteen years ago, Street View began as a far-fetched idea from Google co-founder Larry Page to build a 360-degree map of the entire world. Fast forward to today: There are now over 220 billion Street View images from over 100 countries and territories — a new milestone — allowing people to fully experience what it’s like to […]
NEWARK – Ultima Genomics emerged from stealth mode with a new high-throughput, low-cost sequencing platform that delivers the $100 genome. Ultima’s goal is to unleash a new era in genomics-driven research and healthcare, and it has secured approximately $600 million in backing from leading investors including General Atlantic, Andreessen Horowitz, D1 Capital, Khosla Ventures, Lightspeed, […]
PALO ALTO — Endpoint Health, Inc., a Precision-First therapeutics company dedicated to addressing unmet needs in immune-mediated acute and chronic diseases, announced the close of $52 million in equity and debt financing. Major institutional investors participating in the Series A round included Mayfield, Humboldt Fund, AME Cloud Ventures, Boom Capital, Alix Ventures, Yaya Capital, Wireframe […]
OAKLAND — 1Sharpe Ventures has announced the close of its inaugural fund at $90 million. 1Sharpe Ventures is a proptech-centric early stage investment vehicle grown out of 1Sharpe Capital, a more than $2.5 billion institutional asset manager with equity real estate investments and a credit fund. The new fund was oversubscribed and marks the 12th […]
Apple says its trying to keep the App Store a safe and trusted place for people to discover and download apps. A key pillar in that effort is Apple’s ongoing work detecting and taking action against bad actors who seek to defraud developers and users. Bad actors continue to evolve their methods of online fraud, […]