News about Silicon Valley business almost everyday.
NEWARK — Luxury electric car maker Lucid Motors has won the prestigious 2022 MotorTrend Car of the Year award for Lucid Air, the first time in which the first car from a new automotive brand has been awarded the “Golden Calipers.” “Earning this coveted distinction for Lucid Air, our very first car, is a resounding endorsement […]
SAN MATEO — Celigo, an Integration Platform as a Service (iPaaS) provider for the mid-market, has raised $48 million in Series C funding to optimize end-to-end business automation for mid-market companies. The company will use the funds to increase its go-to-market capacity and accelerate global expansion. The funding round was led by OMERS Growth Equity and joined by NewSpring Capital. “For too long, […]
SAN FRANCISCO — FastAF Technologies, Inc. (FastAF), which helps retailers deliver products directly to customers, has closed a Series A investment round that values the company at $200 million. Investors in this round include Luxor Capital, Interlace Ventures, EQT Ventures, PivotNorth Capital, Daversa Partners, former Benchmark venture partner and current Adobe CPO Scott Belskey, founder […]
SAN FRANCISCO — TrueNorth, a Y Combinator graduate that operates a business platform for independent truckers, has secured $50 million in a Series B funding round led by early-stage investors Lachy Groom and Sam, Max, and Jack Altman. Other investors include the Flexport Fund, Tribe Capital, Original Capital, K5 Global, 137 Ventures, and Fifth Down Capital, among […]
SANTA CLARA — Americans will have a better chance to find a home in 2022, but will face a competitive seller’s market as first-time buyer demand outmatches the inventory recovery, according to the Realtor.com 2022 Housing Forecast. The median home price is expected to rise 2.9% next year but rents are projected to go up even higher […]
SAN FRANCISCO — Simplified, an AI-powered content creation, and marketing platform that’s looking to take on Canva, announced an $8.5 million seed funding round led by Craft Ventures with participation from Khosla Ventures and Wing Venture Capital. The round also included investors Uncorrelated Ventures, 8-Bit Capital, Mads Johnsen (CPO, Calm), Manik Gupta (Corporate Vice President, Microsoft) Ankur Nagpal (Founder of Teachable, […]
SAN FRANCISCO — Epic Cleantec, the San Francisco-based onsite water reuse firm, has successfully closed a $9.4 million financing round. The company has pioneered an approach to treat and reuse water in buildings and will use the funding to expand geographically and deepen its portfolio of technology offerings. Epic’s onsite water reuse approach captures and […]
Denny’s, a national chain of restaurants, has formed a partnership with Warner Brothers’ blockbuster The Matrix franchise to offer free delivery now through December 19 on all digital orders placed through Dennys.com and its new Denny’s apps for iOS and Android. During this limited-time promotion, Denny’s Rewards members will be transported into a real-life version of The Matrix where they will experience personalized “glitches” that […]
SANTA CLARA — With a booming market for technology stocks and IPOs, Intel plans to take its Mobileye division public in mid-2022 via an initial public offering (IPO) of newly issued Mobileye stock. The move will unlock the value of Mobileye for Intel shareholders by creating a separate publicly traded company and will build on […]
Apple’s streaming service Apple TV+ has ordered “Disclaimer,” a new original series from Academy Award and Golden Globe winning director Alfonso Cuarón (Golden Lion Award-winning “Roma,” “Gravity,” “Children of Men”) through his production company Esperanto Filmoj. Apple has been busy this year bulking up Apple TV+ with exclusive movies and shows to compete with other […]
SAN JOSE — eBay Inc. has named 50 recipients of its second annual Up & Running Grant program, which was created to support small businesses with funding and business development resources. This year’s list of 50 US winners includes sellers from 25 states across motors, electronics, fashion, beauty, collectibles and more. Each will receive $10,000 to re-invest in […]
SAN FRANCISCO – Dispatch Goods, a reusable packaging logistics startup that enables restaurants and delivery companies the ability to offer reusable, sustainable packaging, has completed a $3.7 million seed raise. The round was led by Congruent Ventures along with Bread and Butter Ventures, Precursor Ventures, Incite Ventures, MCJ, and Berkeley SkyDeck. Dispatch Goods says it successfully […]