News about Silicon Valley business almost everyday.
Alaska Airlines, the Seattle-based airline that is the only major airline headquartered on the West Coast, is launching a subscription flight pass for flights in California and three Southwestern cities. The subscription service is called Flight Pass, which allows members to fly up to 24 roundtrip flights a year to the most popular routes within […]
MOUNTAIN VIEW — Google CEO Sundar Pichai and U.S. Secretary of Commerce Gina Raimondo together announced the launch of a $100 million Google Career Certificates Fund. Through its support of Social Finance, the Fund aims to drive $1 billion in aggregate wage gains for more than 20,000 Americans through the Certificates, which equip people with job-ready skills in fields like […]
SAN FRANCISCO — ACME Capital, an early-stage venture firm, has closed over $300 million for Fund IV and its adjacent Opportunity Fund. The fresh capital will continue to fuel ACME’s model of partnering with founders early in their journeys, supporting their pursuit of game-changing ideas shaping society, business, and the environment. Along with Fund IV, […]
SUNNYVALE — Antora Energy has raised $50 million for its thermal energy storage system led by Breakthrough Energy Ventures — founded by Bill Gates — and Lowercarbon Capital. Antora Energy has unlocked a solution to deliver zero-emissions heat and electricity to heavy industry that is more reliable than fossil fuels, and just as cheap, according […]
PALT ALTO – A prompt call from a Victoria’s Secret store at Stanford Shopping Center led to the arrest of two organized retail theft suspects from Southern California. Police recovered more than $18,000 worth of suspected stolen property from multiple retailers. The suspects were both booked into jail. On Thursday, February 10, 2022, at about 6:43 […]
A record 146 U.S. cities became new “million-dollar cities” in 2021, according to real estate website Zillow. There are now 481 cities in which the typical home value is at least $1 million. Nearly half are in California. If current rates of appreciation hold, 49 more could join the $1 million club by midyear. The number of […]
SOUTH SAN FRANCISCO — Walking Fish Therapeutics, a leader in B cell therapeutics, has completed an oversubscribed Series A financing, raising a total of $73 million. The additional investment, co-led by Northpond Ventures and First Spark Ventures, with support from Terra Magnum Capital Partners, will be used to advance a pipeline of B cell therapeutics for oncology, rare […]
PALO ALTO — Uniphore, a leader in conversational automation, announced its Series E funding round of $400 million. The round, which brings Uniphore’s total funding to more than half a billion ($610 million) is led by NEA and raises the company’s valuation to $2.5 billion. March Capital and other existing Uniphore investors along with new […]
A San Jose man has been charged with 20 commercial burglaries, in which he and accomplices often used a saw to break into and cart away entire cash-filled ATMs from businesses. Charles Edward Hastings has also been charged with committing multiple acts of felony vandalism in connection with the burglaries. These crimes occurred in six […]
SANTA CLARA and MIGDAL HAEMEK, Israel – Intel Corporation is buying Israeli-based Tower Semiconductor, a leading foundry for analog semiconductor solutions, for $53 per share in cash or about $5.4 billion. The acquisition significantly advances Intel’s IDM 2.0 strategy as the company further expands its manufacturing capacity, global footprint and technology portfolio to address unprecedented […]
PALO ALTO — Instrumental Inc., a developer of manufacturing optimization software, has closed $50 million in Series C financing, led by BAM Elevate, with Canaan, Root Ventures and Eclipse Ventures as return investors. Instrumental Inc. will use the funds to expand research and development for new products and make critical hires in engineering and go-to-market […]
MENLO PARK — Upcycling startup Novoloop has raised $11 million in Series A financing led by Envisioning Partners with participation from Valo Ventures and Bemis Associates; earlier investors who joined the round included SOSV, Mistletoe, and TIME Ventures. Novoloop is pioneering the chemical transformation of plastic waste into high-performance chemicals and materials. The company’s proprietary […]