News about Silicon Valley business almost everyday.
Google has announced 11 companies for the second Google for Startups Accelerator: Climate Change cohort. This ten-week program consists of intensive workshops and expert mentorship designed to help growth-stage, sustainability-focused startups learn technical, product and leadership best practices. These are the 11 selected startups using technology to better our planet: AmpUp in Cupertino, CA: AmpUp is an […]
SANTA CLARA –Ayar Labs, which specializes in chip-to-chip optical connectivity, has secured $130 million in additional financing led by Boardman Bay Capital Management to drive the commercialization of its optical I/O solution. Hewlett Packard Enterprise (HPE) and NVIDIA also participated in this investment round, joining existing strategic investors Applied Ventures LLC, GlobalFoundries, Intel Capital, and […]
SUNNYVALE — AI-enabled healthcare automation provider Syllable has landed a $40 million Series C funding round to improve the patient experience with intelligent voice solutions for health system call centers and medical practice offices. Funding was led by TCV with participation from existing investors Oak HC/FT, Section32, and Verily and will be used to further […]
Palo Alto Police arrested four suspects for organized retail theft last Friday afternoon after shoplifting from a downtown clothing store and were involved in a non-injury hit-and-run collision with another vehicle as they fled the scene. Police booked all four suspects into jail. On Friday, April 22, 2022, at about 2:07 p.m., the Palo Alto […]
SAN FRANCISCO — Twitter, Inc. has agreed to be acquired by an entity wholly owned by Elon Musk, for $54.20 per share in cash in a transaction valued at $44 billion. Upon completion of the transaction, Twitter will become a privately held company. Musk was already one of the largest shareholders in the social network and is […]
Last October, Instacart launched service with Grocery Outlet – the leading extreme value retailer in the U.S. based in Emeryville – making online shopping and delivery available to Grocery Outlet customers for the first time. The initial pilot ran for six months across nearly 70 Grocery Outlet stores in California, and Instacart is now expanding […]
National sandwich chain Panera Bread has launched the Unlimited Sip Club, the first-ever nationwide unlimited beverage subscription which now includes all 26 of its self-serve beverages. For $10.99 per month (plus tax), Panera is expanding its unlimited coffee subscription to incorporate the entire Panera portfolio of self-serve beverages, including hot and iced coffee, hot and […]
Fees for instant transfer of funds on Venmo and PayPal are both increasing in May and June. Instant Transfer allows customers to transfer their money instantly to a bank account or debit card for a fee. With Standard Bank Transfers, customers who can wait a few days can transfer their money for no fee, which […]
SAN JOSE — Mendel, a clinical artificial intelligence and natural language processing platform, has raised $40 million in Series B funding round led by Oak HC/FT. The round includes participation from existing investor DCM, who led Mendel’s Series A funding round in June 2021. This funding comes amidst surging customer demand for Mendel’s AI infrastructure. […]
SACRAMENTO — Patricia Castaneda, 38, of Redwood City and a former employee of Stanford University, was sentenced to 33 months in prison and her brother, Eric Castaneda, 37, also of Redwood City, was sentenced to 18 months in prison by U.S. District Judge Kimberly J. Mueller for their roles in a scheme that involved the […]
BERKELEY — UPSIDE Foods (formerly Memphis Meats), a company in the cultivated meat, poultry, and seafood industry, has closed a $400 million Series C funding round, the largest round in the industry to date. This new raise places the company’s valuation at over $1 billion. Pending regulatory review, UPSIDE Foods hopes to be available to […]
Netflix, the leading streaming video service, saw its shares plunge 35% Wednesday after it announced its first quarterly decline in subscribers due to the war in Ukraine. For the first quarter of 2022, Netflix reported 221.64 million subscribers, down 200,000 from the last quarter. Netflix stopped service to Russia after the war with Ukraine started […]