News about Silicon Valley business almost everyday.
Tesla CEO Elon Musk is joining the Board of Directors of Twitter, the social media messaging service. The stock price of Twitter is up nearly 30% since news was revealed over the weekend that Musk owns 73,486,938 shares or a 9.2% stake in the company. He is already the world’s richest man according to Forbes […]
SAN FRANCISCO — Remote, a service that helps companies in building, managing and supporting global, remote workforces, has secured a $300 million Series C financing round, led by SoftBank Vision Fund 2 with participation from existing investors including Accel, Sequoia, Index Ventures, Two Sigma Ventures, General Catalyst, 9Yards, Adams Street and Base Growth. Remote says […]
CUPERTINO — Apple is launching a $50 million Supplier Employee Development Fund that will expand access to learning opportunities and skills development. The fund also includes new and expanded partnerships with leading rights advocates, universities, and nonprofits to drive Apple’s ongoing work to empower supplier employees and drive improvements in knowledge of and respect for […]
SANTA CLARA — Chipmaker AMD announced an agreement to acquire Pensando, based in Milpitas, for approximately $1.9 billion before working capital and other adjustments. Pensando’s distributed services platform includes a high-performance, fully programmable packet processor and comprehensive software stack that accelerate networking, security, storage and other services for cloud, enterprise and edge applications. “To build […]
SAN FRANCISCO — Clarify Health, a cloud analytics and value-based payments platform company, has secured $150 million in Series D financing. SoftBank Vision Fund 2 led the round and was joined by funds and accounts managed by BlackRock and Memorial Hermann Health System, along with existing investors Insight Partners, Spark Capital, KKR, Aspenwood Ventures, Rivas […]
SAN FRANCISCO — Playhouse, a company developing a new way to surf real estate, has landed $2.8 million in seed funding from several funds, including Agya Ventures, Gaingels, Goodwater Capital, Nomo Ventures, PKO Investments, and Y Combinator, as well as a number of notable angels and prominent content creators. Funds will be used for ongoing […]
Here are salaries for technical workers at Roku, the leading Internet streaming platform. Salaries are from filings with the Department of Labor for H1-B workers in the first quarter of 2022.
SAN MATEO — Pinecone Systems Inc., a search infrastructure company, has completed a $28 million Series A funding round to allow companies of all sizes to power search applications with AI. The funding round was led by Menlo Ventures, with participation from new investor Tiger Global and previous investors including Wing Venture Capital, who led […]
CUPERTINO — Poplar Homes, a tech-enabled property management company for single family rental (SFR) investors, has raised $53M in Series B funding led by LL Funds with participation from new and existing investors including Crescent Cove Advisors, AGNC Ventures, LLC, the corporate venture capital arm of AGNC Investment Corp., computer scientist Jeff Dean, proptech VC […]
SAN JOSE — Roku, Inc. announced it has reached a multi-year extension of its distribution agreement with Amazon to continue distributing their streaming video apps on its platform. Shares in Roku were up 6% on Monday following the news. The company released the following statement: “Roku and Amazon have reached a multi-year extension for their […]
SANTA CLARA — Intel Corporation announced an agreement to acquire Granulate Cloud Solutions Ltd., an Israel-based developer of real-time continuous optimization software. The acquisition of Granulate will help cloud and data center customers maximize compute workload performance and reduce infrastructure and cloud costs. Deal terms are not being disclosed but reports say Intel is paying […]
MENLO PARK — BillionToOne, Inc., a next-generation molecular diagnostics company with a mission to create powerful and accurate tests that are accessible to all, has closed an oversubscribed Series C funding round of $125 million. This round was co-led by incoming investor Adams Street Partners and existing investor Hummingbird Ventures with significant participation from Baillie […]