News about Silicon Valley business almost everyday.
CUPERTINO — Apple has introduced Apple Business Essentials, an all-new service that brings together device management, 24/7 Apple Support, and iCloud storage into flexible subscription plans for small businesses with up to 500 employees. The company also unveiled a new Apple Business Essentials app that enables employees to install apps for work and request support. […]
SAN FRANCISCO — Forte, a provider of blockchain solutions for game publishers, has secured an additional $725 million in financing, closing its Series B. The Series B was led by Sea Capital and Kora Management with additional support and funding from game and media publishers including Animoca Brands, Big Bets (Huuuge Games), Overwolf, Playstudios, Warner […]
SAN JOSE — Roku, Inc. has introduced the Roku LE streaming player, which provides access to the easy-to-use Roku OS, videos in high definition and everything needed to get streaming all in one box for just $15, will be available exclusively at Walmart for Black Friday while supplies last. Additionally, customers will also find fantastic deals […]
Ample, a battery technology company in San Francisco, has raised an additional $50 million in funding from Blackstone Group along with Spanish bank Banco Santander. The company has raised over $280 million to date. Ample uses Modular Battery Swapping to deliver a full charge (100%) in under 10 minutes, 3 times faster than charging. It […]
SAN JOSE — QuantumScape Corporation, maker of lithium batteries for electric vehicles, is building a new QS Campus – the future hub of its upcoming manufacturing activities – after securing a new set of buildings in San Jose. The new campus comprises the current site of QS-0, QuantumScape’s pre-pilot production line, and the adjacent three […]
SAN FRANCISCO — Instacart, the leading online grocery delivery service in North America, has added a number of new features to the Instacart App that are designed to make online grocery shopping more affordable. From a Deals Tab and exclusive savings for Express members, to a new reduced cost and free delivery option and new […]
MOUNTAIN VIEW — Kodiak Robotics, Inc., a self-driving trucking company, has raised $125 million in an oversubscribed Series B fundraising round for a total of $165 million raised to date. The round includes investments from SIP Global Partners, Lightspeed Venture Partners, Battery Ventures, CRV, Muirwoods Ventures, Harpoon Ventures, StepStone Group, Gopher Asset Management, Walleye Capital, Aliya Capital Partners, and others. Kodiak delivers freight daily for its customers between Dallas-Fort […]
MOUNTAIN VIEW — Workato, a specialist in enterprise automation, announced $200 million in Series E funding led by Battery Ventures, with equal participation from Insight Partners, Altimeter Capital and Tiger Global. Geodesic Capital and Redpoint Ventures also participated in this round of financing. The new funding values Workato at $5.7 billion and comes just nine […]
LOS ALTOS — Contrast Security, a provider of next-gen code security tools, has closed $150 million in a Series E round of funding at a $1 billion-dollar-plus valuation. The oversubscribed round was led by Liberty Strategic Capital, founded by former Secretary of the Treasury Steven Mnuchin, together with 100% participation from existing Contrast investors Warburg Pincus, Battery […]
SAN FRANCISCO — VergeSense, operator of a workplace analytics platform, has raised $60 million in Series C funding, led by Scale Venture Partners with participation from DivcoWest and existing investors Tola Capital, JLL Spark, MetaProp, Allegion Ventures and Bolt. The new funding will help the company accelerate platform innovation and growth as the market increasingly requires […]
ViacomCBS has announced a new, multi-year global agreement with Twitter to deliver premium digital content around ViacomCBS’ biggest live events, hit shows and iconic franchises from the company’s portfolio of TV brands, including BET, CBS Television Network, CBS News, CBS Sports, Channel 5, CMT, Comedy Central, MTV, Network 10, Nickelodeon, Paramount Network and Telefe. Financial […]
SUNNYVALE – Cerebras Systems, the pioneer in accelerating artificial intelligence (AI) computing, has raised $250 million in a Series F financing round, valuing the company at over $4 billion. To-date, the company has raised $720 million. The Series F round was led by Alpha Wave Ventures, a global growth stage Falcon Edge | Chimera partnership, […]