News about Silicon Valley business almost everyday.
SAN FRANCISCO — Genesys, a cloud-based provider of customer service and call center technology, has raised a $580 million round of funding. The oversubscribed round was led by Salesforce Ventures with participation from other investors ServiceNow Ventures; Zoom Video Communications; funds and accounts managed by BlackRock, D1 Capital Partners and another large US-based West Coast mutual […]
PALO ALTO — Fable, a social platform for book clubs and stories, has raised $20 million in a Series A funding round led by Tiger Global with participation from Redpoint Ventures, Gaingels, Breyer Capital, defy.vc, and others. Fable was founded by tech industry veteran Padmasree Warrior and launched in April, 2021. Previously, the company had raised $7.25 million in seed funding led by Redpoint […]
Shoe Carnival, Inc., a leading retailer of footwear and accessories for the family, has launched same-day delivery in partnership with DoorDash just in time for Christmas shoppers. The offering is the first-of-its-kind in family footwear and provides a convenient service for busy and last-minute shoppers alike. Shoe Carnival has 377 stores in 35 states and […]
Hyatt Hotels is introducing digital room keys using the Apple Wallet in six participating U.S. hotels including: Hyatt Place Fremont/Silicon Valley, Andaz Maui at Wailea Resort, Hyatt Centric Key West Resort & Spa, Hyatt House Chicago/West Loop-Fulton Market, Hyatt House Dallas/Richardson, and Hyatt Regency Long Beach. As the first hotel brand to offer room keys […]
SAN FRANCISCO — Verge Genomics, a drug discovery company that is using artificial intelligence (AI) and human data to develop new drugs, has closed an oversubscribed $98 million equity financing. The Series B financing was led by funds managed by BlackRock and includes new healthcare and technology investors Eli Lilly and Company, Merck Global Health […]
PALO ALTO — Noname Security, an API security company, has secured $135 million in Series C funding at $1 billion valuation. The funding round was led by Georgian and Lightspeed, with participation from existing investors including Insight Partners, Cyberstarts, Next47, Forgepoint, and The Syndicate Group (TSG). This new investment will fund the global expansion of Noname Security’s go-to-market and R&D teams. Noname Security […]
SAN FRANCISCO — Forethought, the Human-Centered AI Platform, announced a $65 million Series C funding round that will fuel the company’s growth and accelerate the digital transformation in customer service with human-centered AI. “The pandemic pushed individuals and businesses alike to quickly move to digital channels and processes, a shift that many weren’t prepared for,” […]
PALO ALTO — Dazz, a cloud security remediation company, has closed on a new round of funding and that it has raised a total of $60 million to date. The company will expand its engineering team and build a go-to-market organization in the United States with offices in Palo Alto and New York. Venture capital firms participating in the funding round […]
KANSAS CITY — Tax preparation company H&R Block (Block) has filed a lawsuit against Block, Inc., formerly known as Square, Inc., seeking to enjoin the latter’s infringement of Block’s family of trademarks. The company says the goodwill and brand identity that Block has carefully cultivated and nurtured over the last 65 years is under attack […]
A Tesla employee shot and killed a co-worker Monday afternoon in the parking lot of the company’s massive car factory in Fremont. Tesla employs at least 10,000 workers at the factory which makes all of the company’s electric cars in the U.S. including Model S, Model 3 and Model X. The Fremont Police Department issued […]
SAN FRANCISCO — Petra, the first robotics company capable of undergrounding critical utilities through hard geologies, has announced the successful completion of a 20-foot demonstration tunnel through the hardest rock on earth, and $30 million Series A funding led by DCVC, the leading Deep Tech venture firm. Petra has invented a new hard rock boring-robot, […]
SAN MATEO — SnapLogic, which specializes in Enterprise Automation, has raised $165 million at a billion dollar valuation to accelerate its leadership in AI-powered data and application integration, the new glue of the social and virtual era. This latest round was led by Sixth Street Growth, which will join the SnapLogic board. The funds will […]