News about Silicon Valley business almost everyday.
SANTA CLARA — DSP Concepts, creator of the Audio Weaver platform that powers sound and voice features in many of the world’s leading consumer and automotive brands, has successfully closed $28 million in Series C funding. The investment was led by entrepreneur investor, Mr. Yuchun Lee, with participation from new and previous investors including Sony Innovation Fund, Subaru, Porsche […]
Google Cloud wants to take on Amazon and Microsoft by targeting venture-backed startups with free hosting and support. Ryan Kiskis, Director of Startup Ecosystem of Google Cloud, announced in a blog post the Google for Startups Cloud Program will cover the first year of Google Cloud usage for investor-backed startups, through series A rounds, up […]
Just one year after its enactment, California’s Proposition 22 has led to increased pay for Doordash drivers (also known as dashers) in the state. Prop 22 guaranteed dashers 120% of minimum wage in their local communities while they were delivering orders (not waiting for orders) and has boosted statewide pay for dashers to $34 an […]
NEWARK — Lucid Group, manufacturer of luxury electric vehicles (EVs), has opened a new Studio location at Fashion Island mall in Newport Beach, CA. The company has recently opened service centers in key markets including Costa Mesa, CA; Chicago, IL; and Houston, TX. This new location, the 21st in a growing network of Lucid Studios and service centers, further […]
CUPERTINO — Apple announced financial results for its fiscal 2022 first quarter ended last Christmas on December 25, 2021. The Company posted an all-time revenue record of $123.9 billion, up 11 percent year over year, and quarterly earnings per diluted share of $2.10. Apple reported $71.6 billion in revenue just from iPhone sales, up from […]
BRISBANE — Inxeption, developer of an Industrial Commerce SuperApp, has announced $275 million in new funding made up of a $125 million Series E financing round and $150 million in new debt capital. The Series E is led by Schonfeld Strategic Advisors with participation from the Bank of Montreal (BMO) and existing investors Coatue and […]
SAN FRANCISCO — Electric Sheep Robotics, a specialist in autonomous lawn mowing, has introduced the Dexter robot. Dexter takes existing commercial lawn mowers, both gas and electric, and turns them into autonomous vehicles. Dexter is designed to address critical labor shortages in the landscaping, facilities, and property management industries. The labor market in landscaping is […]
SAN FRANCISCO — Vesta, a mortgage loan origination system software-as-a-service (SaaS) company, has raised a $30 million Series A investment led by Andreessen Horowitz with participation from new investor Zigg Capital. Seed investors Conversion Capital and Bain Capital Ventures also funded the round, bringing the company’s total raised since November 2020 to $35 million. The round will help accelerate efforts to […]
PALO ALTO — Transcarent, a healthcare company for employees of self-insured employers and their families, has scored a $200 million Series C investment led by Kinnevik and Human Capital, with participation from Ally Bridge Group and leading health systems including Northwell Health, Intermountain Healthcare, and Rush University Medical Center. The funding round also included participation […]
PLEASANTON — Cheetah, a technology supply chain company operating a wholesale food and restaurant supplies marketplace, has closed a Series C Round of financing totaling $60 million co-led by Manna Tree and Sator Grove Holdings. They were joined by Lineage Logistics, Grupo Nutresa, Eclipse Ventures, and Hanaco Growth Ventures. The interest in this growth round […]
SAN FRANCISCO — Ironclad, a digital contracting platform, has raised $150 million in Series E financing, bringing total investment to $333 million. Franklin Templeton, a global investment management firm, is leading the round. The 100% insider round also includes previous investors like BOND, YC Continuity, Emergence, Lux, Haystack, Accel, and Sequoia Capital. Ironclad will use the funding to fuel […]
eBay has announced the launch of its Authenticity Guarantee service for trading cards. Now single ungraded trading cards (including collectible card games, sports and non-sports) sold for $750+ in the U.S. will be authenticated. By mid-2022, the service will expand to include graded, autograph and patch cards sold for $250+. With the addition of trading […]