News about Silicon Valley business almost everyday.
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 […]
Hertz, one of the nation’s largest car rental companies, announced it will form a partnership with Uber to accelerate the adoption of electric vehicles (EVs) in the U.S. The new exclusive partnership will make up to 50,000 Teslas available by 2023 for drivers to rent when using the Uber network. This partnership is the largest […]
SAN FRANCISCO – Fellow, which operates a meeting productivity and team management platform, has raised $24 million in Series A funding led by Craft Ventures, with participation from iNovia, Felicis, Garage Ventures, Formentera and SVB. The funding will enable Fellow to empower managers and their teams to run productive meetings through collaborative agendas, assigned action items, and an […]
SAN JOSE — Rapid Silicon, a provider of AI-enabled application-specific Field Programmable Gateway Arrays (FPGAs) based on open-source technology, has announced $15 million in seed funding led by ChengWei Capital and Cambium Capital. Rapid Silicon is headed by industry veteran Dr. Naveed Sherwani and has offices in San Jose and Shanghai, and plans to expand […]
MOUNTAIN VIEW — Coefficient, a developer of a no-code solution enabling business teams to work with real-time data directly from spreadsheets, has raised $6.7 million in seed funding led by Foundation Capital with participation from S28 Capital and angel investors, notably including Eric Yuan, CEO of Zoom, and Kedar Doshi, EVP, Salesforce Einstein Analytics. Coefficient is building the next […]
SAN FRANCISCO — Pipefy, developer of a low-code workflow management software platform that transforms the way teams work, announced completion of $75 million in Series C funding, bringing its total funding to date to $138.7 million. Led by $50 million from SoftBank Latin American Fund, with additional participation from Steadfast Capital Management, Insight Partners, Redpoint eventures and others. Pipefy’s new capital will […]