News about Silicon Valley business almost everyday.
SANTA CLARA COUNTY – The County of Santa Clara officially assumed ownership and operation of Regional Medical Center (RMC) last month. The venerable East San José hospital is now a part of Santa Clara Valley Healthcare (SCVH), which operates the County’s public hospital system and provides access to high-quality care across the valley. The County purchased […]
ROSEVILLE — RightRev, a provider of automated revenue management, has announced the close of a $13 million Series A funding round, bringing total funding to over $31 million. The investment was co-led by Cheyenne Ventures and Innovius Capital, with notable participation from several repeat investors, including Norwest Venture Partners, Salesforce Ventures and Snowflake Ventures. This investment follows RightRev’s recent […]
SAN FRANCISCO — WisdomAI is officially launching from stealth with $23 million in funding led by Coatue Ventures, with participation from Madrona, GTM Capital, The Anthology Fund and a number of prominent angel investors. WisdomAI offers innovative business insight agents that empower organizations with advanced decision-making capabilities. Founded by AI experts that have built market defining companies that […]
While the Bay Area is among the places where monthly mortgage payments are declining, it’s still the most expensive part of the U.S. to buy a home—by far according to real estate site Redfin. In San Jose, the median monthly payment is $10,825, the highest in the country, followed closely by San Francisco, where it’s […]
SAN JOSE — Roku, Inc. has agreed to acquire Frndly TV, a subscription streaming service that offers live TV, on-demand video, and cloud-based DVR for $185 million in cash. Based in Denver, CO, Frndly TV was founded in 2019. It offers subscribers access to more than 50 top-rated live TV channels, including A&E, Hallmark Channel, […]
OpenAI is hiring Fidji Simo — the CEO of grocery delivery firm Instacart — to be the new CEO of OpenAI Applications. Simo will report directly to Sam Altman, who will remain the CEO of OpenAI and will continue to oversee the company’s three pillars – Research, Compute, and Applications – ensuring they stay aligned […]
SAN FRANCISCO — Carta Healthcare, a provider of AI-powered clinical data abstraction, has secured $18.25 million in Series B1 financing. This investment will accelerate the company’s growth as demand surges among health systems and life sciences organizations for AI-driven innovation that transforms clinical data into valuable insights. The investment was led by UPMC Enterprises, with participation […]
Using a new law written to help confront the rise of organized retail thefts, the Santa Clara County District Attorney’s Office is prosecuting a crew that traveled from Sacramento to San Jose to Santa Cruz, brazenly stealing merchandise from dozens of Home Depot stores. The crew struck nearly 200 times in just four months, in […]
PLEASANTON — Supabase, an open-source Database-as-a-Service (DBaaS) company, has raised $80 million in Series B funding led by Felicis, with participation from existing investors Coatue and Lightspeed. This latest round follows Supabase’s $30 million Series A round announced in September 2021, and brings the Company’s total capital raised to $116 million. Supabase’s platform enables developers to rapidly develop products without worrying about […]
SAN FRANCISCO — Persona, a leading verified identity platform, has announced a $200 million Series D funding round, bringing the company’s valuation to $2 billion. The round was co-led by Founders Fund and Ribbit Capital, with participation from existing investors including BOND, Coatue, First Round Capital, and Index Ventures and Chemistry. AI, fraud, and fragmentation are redefining online identity […]
The National Academy of Sciences (NAS) announced 120 newly elected members, including seven Stanford University researchers. Scientists are elected to the NAS by their peers “in recognition of their distinguished and continuing achievements in original research.” The NAS provides advice to the United States government on matters related to science, engineering, and health policy. The new members […]
SANTA CLARA – Ellore, Santa Clara’s premier luxury senior living community in The Clara District, has opened its doors to welcome its first residents. As the newest addition to Silicon Valley’s evolving landscape, Ellore is redefining senior living for the generation that helped shape the region’s legacy of innovation. The 176-residence community offers curated amenities, including […]