News about Silicon Valley business almost everyday.
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 […]
SAN JOSE — Edge Impulse has reeled in $34 million in Series B funding led by Coatue, tripling its 2022 market valuation and growth forecast. Coatue joins existing investors, Canaan Partners, Acrew Capital, Fika Ventures, Momenta Ventures, and Knollwood Investment Advisory. “We are excited to have David Cahn, a Partner at Coatue, join our board […]
SANTA CLARA — KlearNow, a provider of smart Logistics as a Service (LaaS), has raised $50 million in new capital to transform broken supply chains—simplifying and providing real-time cargo visibility to the customs clearance and drayage processes. KlearNow’s AI-powered platform eases the worldwide supply chain disruptions that have left businesses grappling with delays and shortages. The […]
REDWOOD CITY — Course Hero Inc., an education platform offering a suite of learning resources and tools for learners, has raised $380 million in Series C funding, now valuing the company at $3.6 billion. The Series C funding round was led by Wellington Management with participation from new investors Sequoia Capital Global Equities, OMERS Growth Equity and D1 Capital […]
SAN FRANCISCO – Incode, an identity verification and authentication platform for global enterprises, has raised $220 million in equity for its Series B funding round, giving the company a $1.25 billion valuation. Incode says it grew 6x in revenues over the last 12 months and raised $25 million Series A funding in March. This latest […]
SAN FRANCISCO – Forum Mobility, a zero-emission fleet and infrastructure provider, has raised $7.5 million in seed funding to build its operations, broaden its team, and for product development. The round was co-led by Obvious Ventures and Homecoming Capital, with additional funding provided by Edison International and Overture VC. Forum plans to use the tunds […]
SAN MATEO — Tipalti, which offers a global payment platform for businesses, has raised $270 million in series F funding at a valuation of $8.3 billion, bringing total funding raised to date to just over $550 million and placing Tipalti among the most valuable private fintech companies in the world. Tipalti plans to use the funding to accelerate its […]