News about Silicon Valley business almost everyday.
SAN FRANCISCO — At the Intel Innovation event in San Francisco, Intel unveiled the 12th Gen Intel Core processor family with the launch of six new unlocked desktop processors, including what the company says is the world’s best gaming processor, the 12th Gen Intel Core i9-12900K. The processors feature a max turbo boost of up […]
The tablet market saw a 10% drop in shipments year-on-year, but market demand is still far stronger than it was pre-pandemic with people working from home, according to a new report by Strategy Analytics. Apple managed to buck the trend with shipments up 15% year-over-year and 38% of the tablet market share on the strength […]
PALO ALTO — Drip Capital, a digital cross-border trade finance platform for small and medium businesses (SMBs), has raised $175 million in new capital to power its next phase of growth. Funds raised include a $40 million Series C investment and $135 million in warehouse debt facilities. To date, with this fundraise, Drip Capital has raised about $525 million in […]
SAN FRANCISCO — Seniorly has raised a $6.5 million Series A round led by Formation Capital. Founded in 2014, Seniorly helps families and older adults find the right senior living for their needs and budget. Through its online platform, Seniorly provides access to thousands of senior living communities, expert insights, and personalized recommendations based search […]
PALO ALTO — HP Inc. is launching the new HP ENVY Inspire printer with HP+. The company is promoting the printer as the best all-around printer for home use and retails for $249. “ENVY Inspire was built based on first-hand understanding of what is needed in our new normal, as the team that developed it […]
Grammy Award-winning artist Ed Sheeran has unveiled 14 YouTube Shorts, giving fans the first full preview of his forthcoming album “=” (Equals), only on YouTube. “=” is the fourth installment in Sheeran’s symbol album series, and he is giving fans a first-ever album preview on YouTube Shorts with a glimpse into all 14 tracks ahead […]
SUNNYVALE — Yugabyte, a developer of open source distributed SQL databases, has closed $188 million in an oversubscribed Series C funding round. The round, led by Sapphire Ventures, includes participation from Alkeon Capital, Meritech Capital, and Wells Fargo Strategic Capital, as well as existing investors Lightspeed Venture Partners, 8VC, Dell Technologies Capital, Wipro Ventures, and others. The round, which comes seven months […]
SAN FRANCISCO — ClickHouse, Inc., creators of the online analytical processing (OLAP) database management system, has raised $250 million in Series B funding at a $2 billion valuation. The investment was led by Coatue and Altimeter, with participation from Index Ventures, Benchmark, Lightspeed, Redpoint, Almaz, Yandex N.V., FirstMark and Lead Edge. ClickHouse is an open-source, […]
SANTA CLARA — From Broadway lights to bustling offices, big cities are back – and so are surging downtown rental prices. Following sharp declines during the pandemic, September data shows rents in the 10 biggest U.S. tech cities like Austin and New York surpassed March 2020 levels by an average of 6.3%, according to the Realtor.com Monthly Rental Report. Nationally, rents grew […]
Shares in Alphabet — the parent company of Google — hit an all-time high Wednesday after a strong earnings report. Shares in Alphabet Class C shares (GOOG) were up $135.11 to close at $2,928.55. The market capitalization of Alphabet is now $1.96 trillion and could break the magical $2 trillion mark on Thursday. Only Apple […]
Apple News is expanding its local news experience in three additional cities in the US: Charlotte, Miami, and Washington, D.C. Each experience is curated by Apple News editors and features coverage of topics that are important to local communities, from restaurant openings and real estate trends to big policy decisions. Local news offerings in Apple […]
PALO ALTO — Medable Inc., a cloud platform for patient-centered clinical research, has secured $304 million in Series D funding to accelerate global adoption of digital and decentralized clinical trials, enabling ubiquitous access to the latest treatments for every body and every biology. The funding round was co-led by new investors Blackstone Growth and Tiger Global and existing […]