SAN FRANCISCO — Canonical Crypto, a newly launched venture fund focused on developer infrastructure on the blockchain, has raised $20 million in capital in an oversubscribed round for its inaugural fund. Leading the firm is founder and general partner Anand Iyer, a longtime Silicon Valley operator and investor, who most recently was a visiting partner at Pear […]
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LaunchNotes Lands $15 Million Series A
SAN FRANCISCO — LaunchNotes, which provides personalized, automated, and secure way to connect your teams and users to your product development lifecycle, has raised a $15 million Series A round led by Insight Partners, with participation from Atlassian Ventures, The New Normal Fund, Essence VC, and existing investors Cowboy Ventures and Bull City Venture Partners. This […]
Tesla Sinks After Musk Calls for 10% Job Cuts
Shares in Tesla Motors, the leading electric-car manufacturer, tumbled Friday after reports that CEO Elon Musk wants to reduce jobs at the company by 10% to reduce costs. Tesla builds most of its vehicles at its massive 5.3 million square-foot plant in Fremont. The plant employs about 22,000 people. According to a report by Reuters, […]
Median U.S. Home Price Hits $447,000
SANTA CLARA — Housing inventory in the U.S. recorded the first year-over-year increase since June 2019, according to the Realtor.com Monthly Housing Trends Report released today. The median national home price also soared to an all-time high of $447,000 and buyers snatched up listings a week faster than last year. “Among key factors fueling the inventory comeback are […]
SpotOn Reels in $300 Million Series F
SAN FRANCISCO — SpotOn, a software and payment company with comprehensive solutions for restaurants, retail businesses, and enterprise venues, has secured $300 million in Series F funding, raising its valuation to $3.6 billion. The company will use the funding to further develop technology products that enable businesses to meet the evolving needs of today’s consumer. […]
Andreessen Horowitz Going Big on Crypto With $4.5 Billion Fund
Venture capital firm Andreessen Horowitz continues to go big on cryptocurrency, even though Bitcoin has seen a big drop this year along with the overall stock market. Partner Chris Dixon announced that Andreessen Horowitz has raised a new crypto fund totaling $4.5 billion. Of this amount, $1.5 billion will be dedicated to seed investments, and […]
Broadcom Buying VMWare for $61 Billion
SAN JOSE and PALO ALTO — Broadcom Inc., a company that designs, develops and supplies semiconductor and infrastructure software solutions, has agreed to buy VMware in a cash-and-stock transaction that values VMware at approximately $61 billion, based on the closing price of Broadcom common stock on May 25, 2022. In addition, Broadcom will assume $8 billion of VMware net debt. VMware, a […]
Walmart Expanding Drone Delivery in Six States
Walmart, the nation’s largest retailer, is expanding delivery with DroneUp, a Virginia Beach based company specializing in drone technology. Walmart plans to expand its DroneUp delivery network to 34 sites by the end the year, providing the potential to reach 4 million U.S. households across six states – Arizona, Arkansas, Florida, Texas, Utah and Virginia. […]
Uber Eats Launching Autonomous Deliveries in Santa Monica
SANTA MONICA — Uber is partnering with Motional, a developer of driverless technology, in the launch of autonomous food deliveries for Uber Eats customers in Santa Monica. Motional’s all-electric Hyundai IONIQ 5 vehicles, operating autonomously, are now conducting end-to-end food deliveries. While Uber Eats drivers usually deliver food right to the door, customers using Motional […]
Velocity Global Scores $400 Million Series B
DENVER — Velocity Global, a of global talent solutions, has raised $400 million in its Series B funding round, increasing the company’s valuation seven-fold since the same time last year. This second round of funding is led by Eldridge and Norwest Venture Partners which join Series A investor FFL Partners on Velocity Global’s board to […]
Booster Gets a Big Boost With $125 Million Series D
SAN MATEO — Booster, a company that delivers gas directly to cars and trucks, has raised more than $125 million in Series D funding led by Rose Park Advisors with participation from new investors Chaac Ventures, Equinor Ventures, Mitsubishi Corporation and Thayer Ventures. Renewable Energy Group (REG), a producer of low-carbon renewable fuels, also increased […]
Apple to Hold Keynote for WWDC on June 6
Apple has unveiled the lineup for its annual Worldwide Developers Conference, including keynote and Platforms State of the Union, and shared more information with developers about what they’ll learn and experience. Free for all developers, WWDC22 helps developers and designers explore the latest technologies, tools, and frameworks coming to iOS, iPadOS, macOS, tvOS, and watchOS. […]