News about Silicon Valley business almost everyday.
SAN FRANCISCO — Bolt, a platform that offers one-click checkout on e-commerce sites, has secured $355 million in the first part of its Series E funding. Lead investors in this round are funds & accounts managed by BlackRock, with participation from Schonfeld, Invus Opportunities, H.I.G. Growth, and CE Innovation Capital. This new raise brings Bolt’s total funding to […]
With gas and food prices on the rise over the past year, Netflix has also decided to increase its subscription prices in the U.S. The streaming giant has boosted the monthly cost for its basic subscription price with no High Definition (HD) streaming from $8.99 to $9.99 per month. The standard Netflix plan with HD […]
Citadel Securities, a leading global market maker for stocks and financial products based in Chicago, has raised $1.15 billion from area venture capital firms Sequoia and Paradigm. Sequoia led the round, with the investment coming from Sequoia Heritage, Sequoia Capital Global Equities and the Global Growth Fund. Sequoia Partner Alfred Lin is joining the Citadel […]
EMERYVILLE — MycoWorks has reeled in a $125 million Series C funding round led by Prime Movers Lab, with participation from new investors SK Networks and Mirabaud Lifestyle Impact & Innovation Fund, along with other new and existing investors including DCVC Bio and Novo Holdings. The Series C funding round will be used to launch […]
SAN FRANCISCO — Observable, a data collaboration company, has closed a $35.6 million Series B funding round led by Menlo Ventures. Existing investors Sequoia Capital and Acrew Capital also participated in this round, which brings the total invested capital to date at $46.1 million. Observable has developed a collaborative, web-based platform for data practitioners to help them make […]
SAN JOSE — Bridge Bank announced its Capital Finance Group has closed on a $10 million asset-based loan facility for Zuum Transportation Inc., an Irvine-based logistics technology provider for manufacturers, freight brokers and carriers. “It’s rewarding to work with a company like Zuum that is making a difference for such a great stable of internationally […]
SAN FRANCISCO — Brex, a company providing financial services for startups, has raised an additional $300 million in a Series D-2 round led by Greenoaks Capital and Technology Crossover Ventures (TCV). Brex has also hired Karandeep Anand as the company’s Chief Product Officer. Anand brings extensive product leadership experience to Brex, and most recently led […]
SOUTH SAN FRANCISCO — Freenome, a privately held biotech company, announced that Swiss healthcare giant Roche has made an investment of $290 million, bringing Freenome’s total funding to more than $1.1 billion since the company was founded in 2014. This funding follows Freenome’s recent Series D financing of $300 million in December. Detecting cancer early, when it’s most treatable, improves […]
NEWARK — Qnovo, a developer of battery management software, has closed $24 million in Series-C financing. BorgWarner led the round with significant participation by OGCI Climate Investments and Constellation Technology Ventures. Existing investors U.S. Venture Partners and RockPort Capital also participated. The company, which is in advanced vehicle qualifications with several global passenger and commercial electric […]
SAN FRANCISCO — Envoy, a workplace platform that helps companies reopen safe and flexible workplaces, has secured $111 million in Series C funding led by Brookfield Growth, with participation from existing investors Menlo Ventures, Andreessen Horowitz, Initialized Capital, Haystack, and new investors BAM Elevate, Seven Seven Six, Triple Point Capital, Elad Gil, and others. This […]
REDWOOD CITY — Presto, a provider of technology for the restaurant industry, has been selected by Checkers Drive-In Restaurants, Inc., the operator of Checkers & Rally’s iconic drive-thrus, as the exclusive provider of automated voice ordering for all its corporate-owned drive-thru restaurants. The announcement marks the largest and first of its kind rollout of an […]
MOUNTAIN VIEW — Autonomous vehicle company Nuro has unveiled the third-generation of its autonomous delivery vehicle. As the most advanced zero-occupant vehicle designed by the company to date, the new flagship model, simply called Nuro, is expected to expand to millions of people across the country. Nuro’s third-generation vehicle is designed to carry more goods […]