News about Silicon Valley business almost everyday.
SAN FRANCISCO — Just one day after Jack Dorsey stepped down as CEO of Twitter, he’s already making big moves at his other company Square. Dorsey has decided to change the name of Square this week to Block. Block will be the new name for the company as Square has expanded beyond its original business […]
MENLO PARK — Blue Lava, creator of the first security program management platform built by and for chief information security officers (CISOs), has completed a total of $25 million in series A funding, with the latest $7.5 million investment on top of $17.5 million raised previously. The latest financing round, led by Crosslink Capital with contribution […]
SAN FRANCISCO — Panther Labs, a cloud-scale security analytics platform, announced $120 million in Series B funding. The investment will be used to fuel rapid market expansion, bringing Panther’s fast, flexible and scalable platform for threat detection and incident response to security teams everywhere. The round was led by Coatue Management, with new participation from […]
SAN FRANCISCO — Uniform, which calls itself the first headless composable digital experience platform (DXP) company, has raised a $28 million Series A investment round led by Insight Partners. The round also includes participation from Elad Gil and Array Ventures. Uniform plans to use the new funds to accelerate the growth of its global team, deepen relationships with ecosystem […]
CUPERTINO — Apple has announced the winners of the third annual Apple Music Awards, recognizing the best artists of 2021 and their influence on global culture. The Apple Music Awards honor achievements in music across five distinct categories — Artist of the Year, Songwriter of the Year, Breakthrough Artist of the Year, Top Song of […]
Google has announced the winners of Google Play’s Best of 2021, a collection of apps and games that made positive contributions to culture this year. And to encourage innovation across Google Play, the company has expanded this year’s awards to apps and games on tablets, plus apps on Wear OS and Google TV. By challenging […]
Facebook, which changed its name to Meta Platforms last month, is postponing its stock symbol change that was supposed to happen on December 1. The stock was supposed to change from FB to MVRS, which would likely have caused chaos and confusion among traders looking for the stock this week. It’s almost unheard of for […]
SAN FRANCISCO — CloudTrucks, a technology company that helps small trucking businesses and entrepreneurs, has secured $115 million in Series B funding, giving CloudTrucks’ a valuation of $850 million. The round was led by Tiger Global with participation from Menlo Ventures. The round also includes investment from Flexport as well as angel investors Michael Ovitz and Opendoor CEO Eric Wu, and […]
PALO ALTO — CyCognito has raised a $100 million Series C funding round led by The Westly Group—just 3.5 years after the company was founded in 2017. New investors Thomvest Ventures and The Heritage Group joined the round alongside existing investors Accel, Lightspeed Venture Partners, Sorenson Ventures and UpWest. This new round brings the company’s total amount raised […]
Shares in Apple hit another all-time high, climbing $5.06 to close at $165.30. Apple maintains its lead as the most valuable company in the world with a stock market cap of $2.71 trillion. Microsoft shares declined $6.04 to close at $330.59 to remain the second most valuable company with a market cap of $2.48 trillion. […]
PALO ALTO — Armis, a cyber security platform provider, has closed its latest investment round and increased its valuation to $3.4 billion. One Equity Partners (“OEP”), in conjunction with existing investors, made a combined $300 million investment to accelerate strategic platform development and global go-to-market initiatives, and to support future acquisitions. OEP will also be joining the board of directors. […]
SAN FRANCISCO — Twitter, Inc. announced that Jack Dorsey has stepped down as Chief Executive Officer of the social messaging site and that the Board of Directors has unanimously appointed Chief Technical Officer Parag Agrawal (photo above) as CEO and a member of the Board, effective immediately. Dorsey was a founder of Twitter in 2005 and […]