News about Silicon Valley business almost everyday.
REDWOOD CITY – AutoGrid Systems Inc, a Virtual Power Plant provider, announced an $85 million new round of funding to accelerate energy transition through adoption of electric vehicles, battery storage and renewables generation. SE Ventures, a $500 million fund established by Schneider Electric led the Series D-2 round. Other major funding came from new investors, which […]
MOUNTAIN VIEW — Reliable Robotics, a developer of automated aircraft systems, has reeled in a $100 million Series C funding round led by Coatue Management. Coatue joins past investors Lightspeed Venture Partners, Eclipse Ventures, Teamworthy Ventures and Pathbreaker Ventures to bring total fundraising over $133 million. With its innovative airframe independent technology, Reliable’s Remotely Operated […]
REDWOOD CITY — Electronic Arts has launched the new videogame EA SPORTS NHL 22, now available worldwide on Xbox Series X|S, Xbox One, PS5 & PS4 for $99.99. EA Play members can get 10% off. As the first EA SPORTS NHL game powered by the Frostbite engine, NHL 22 brings players closer to the ice than ever […]
SAN FRANCISCO – Outschool has landed a $110 million Series D funding round with a $3 billion valuation. Outschool offers live online education experiences that connect real-life teachers with learners in small-group settings to explore everything from Minecraft, Pokemon and Cooking to Chemistry, Algebra and Literature. Outschool offers over 100,000 online classes. Classes on Outschool […]
SAN FRANCISCO — Flux, makers of the first fully collaborative, in-browser platform for electronics design and engineering, has raised $12 million in a round led by Outsiders Fund. Additional investors include Bain Capital Ventures, 8VC, Liquid2VC; as well as investors such as Tom Preston Werner, Founder and Former CEO of GitHub. The funding will […]
REDWOOD CITY — Zūm, a company that is modernizing school bus transportation, has secured $130 million in Series D funding led by Softbank Vision Fund 2, with participation from existing investors including Sequoia and BMW i Ventures. Andrew Straub of Softbank Investment Advisers will join the board of directors. Zum’s comprehensive bus service is designed to transport students […]
PALO ALTO — Plume announced it has closed $300 million in a new round led by SoftBank Vision Fund 2. This round brings the company’s valuation to $2.6 billion, with $697 million raised to date. The investment will continue to drive research and development, sales and marketing, new partnerships, and acquisitions as Plume continues its global expansion and hyper-growth. Plume […]
The nation’s average gas price has jumped from 5.2 cents from a week ago and stands at $3.25 per gallon according to GasBuddy data compiled earlier this week from more than 11 million individual price reports covering over 150,000 gas stations across the country. The national average is up 7.5 cents from a month ago […]
Some of Netflix’s biggest hit shows originated from books, so the company decided to create the Netflix Book Club, a one-of-a-kind book club along with an online show hosted by actress Uzo Aduba. Readers around the world know what’s next in their TBR (to-be-read) list whenever Netflix announces its next adaptation because the hype is […]
REDWOOD CITY — Dexterity, a maker of intelligent robotic systems for logistics, warehouses, and supply chain, has raised an additional $140 million in Series B equity funding and debt. Major existing investors Lightspeed Venture Partners and Kleiner Perkins expanded their commitment to Dexterity by leading the Series B, with additional participation from Obvious Ventures, B37 […]
MOUNTAIN VIEW — Lark Health has closed a $100 million Series D funding round led by Deerfield Management Company. The funding round also includes crossover fund PFM Health Sciences, as well as returning investors Franklin Templeton, King River Capital, Castlepeak, IPD, Olive Tree Capital, and Marvell Technology cofounder Weili Dai. Lark has raised over $185 million in equity and […]
New-vehicle prices hit another all-time high in September 2021, marking the sixth straight record-setting month and surpassing $45,000 for the first time, according to a new report from Kelley Blue Book. At $45,031, the average transaction price (ATP) for a new vehicle was up 12.1% (or $4,872) from one year ago in September 2020 and up 3.7% (or $1,613) from August 2021. The all-time-high […]