SANTA CLARA — New housing data shows 2021’s feverish home sales pace broke a yearly record in October, even as fall sales activity followed steadier seasonal patterns. With last month marking the eighth straight month of buyers snatching up homes more quickly than the fastest pace in previous years and fewer new sellers entering the market than […]
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Johnson & Johnson CEO Joins Apple Board of Directors
CUPERTINO — Alex Gorsky, chairman and CEO of Johnson & Johnson, has been elected to Apple’s board of directors. Gorsky will bring decades of experience in corporate leadership and health technologies to Apple’s board. Apple — maker of iPhones, Macs and iPads — is the world’s second-largest company based on stock market capitalization just behind […]
Mekonos Lands $25 Million Oversubscribed Round
SAN FRANCISCO — Mekonos, a biotech company building the future of cell therapies on a chip, has raised $25 million in an oversubscribed Series A round co-led by Reimagined Ventures, Fiscus Ventures, and PEAK6 Strategic Capital, a division of PEAK6 Investments. New institutional and strategic investors, including Section 32, Sands Capital, TDK Ventures, and the venture arm […]
Calixa Raises $12 Million Series A
SAN FRANCISCO — Calixa, which operates a product-led growth Go-to-Market (GTM) platform, has raised $12 million in Series A funding led by Kleiner Perkins with new investors Salesforce Ventures and Twilio. Calixa will use the funds to aggressively hire across all functions. “Today’s fastest growing software companies – Twilio, Slack, Calendly, Netlify – leverage a product-led GTM. […]
Stanford Endowment Reports 40.1% Gain
Stanford University announced a 40.1% investment return in its endowment funds for the year ending June 30, 2021. The Merged Pool is the principal investment vehicle for the university’s endowment. Stanford’s performance surpassed the 33.4 percent median return for U.S. college and university endowments for the year, as preliminarily reported by Cambridge Associates, and represented […]
NASA Space X Astronauts Safely Return to Earth
NASA’s SpaceX Crew-2 astronauts safely splashed down in the Gulf of Mexico off the coast of Florida Monday aboard the Crew Dragon Endeavour spacecraft, completing the agency’s second long-duration commercial crew mission to the International Space Station. The mission set a record for the longest spaceflight by a U.S. crewed spacecraft. The international crew of four spent 199 days in […]
Cradlewise Rocks $7 Million Funding Round
SAN FRANCISCO — Cradlewise, a baby technology company that makes smart cribs for babies, has raised a seed round of $7 million led by new venture capital firm Footwork with significant participation from CRV and follow on from existing investors SOSV and Better Capital. Other notable investors participating include Katrina Lake (founder of Stitch Fix), Jeremy Cai (CEO […]
Tom Hanks Movie Finch Debuts on Apple TV+
Apple Original Films has debuted a new movie with Academy Award-winning actor Tom Hanks called “Finch,” which debuted in select theaters and on Apple TV+ last Friday, November 5. This is the second movie starring Hanks to appear exclusively on Apple TV+ following last year’s Greyhound movie about a World War II submarine battle. Those […]
Datafold Secures $20 Million Series A
SAN FRANCISCO — Datafold, a data reliability platform that automates the most tedious parts of data engineering workflows, has secured $20 million Series A funding round. Backed by NEA and Amplify Partners, Datafold seeks to expand its proactive approach to data reliability to help companies unlock more growth using high-quality data. “Poor data quality is the primary […]
137 Ventures Closes $350 Million Fund
SAN FRANCISCO — Venture capital firm 137 Ventures has announced the closing of 137 Ventures Fund V, a $350 million fund. This is the largest fund in the firm’s 10-year history and brings assets under management to approximately $2 billion. [Photo above: Partners at 137 Ventures: (L) Alex Jacobson, Justin Fishner-Wolfson, Andy Laszlo, Ching Wu, Nick Procaccini] Fund […]
Point One Launches Out of Stealth, Closes $10 Million Series A
SAN FRANCISCO — Point One Navigation, a provider of precision location technology, has launched out of stealth mode and closed a $10 million Series A round of funding. The round was led by UP.Partners, with participation from existing investors including BOLT, IA Ventures and Ludlow Ventures. Point One Navigation’s API is a helpful solution for […]
Investor Group Buying McAfee for $14 Billion
SAN JOSE — McAfee Corp., a provider of computer security and virus protection, has agreed to be acquired by an investor group led by Advent International Corporation and Permira Advisers LLC, Crosspoint Capital Partners, Canada Pension Plan Investment Board, GIC Private Limited, and a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”). The […]