News about Silicon Valley business almost everyday.
SAN FRANCISCO — Flux, makers of the first fully collaborative, in-browser platform for electronics design and engineering, has raised $12 million in a round led by Outsiders Fund. Additional investors include Bain Capital Ventures, 8VC, Liquid2VC; as well as investors such as Tom Preston Werner, Founder and Former CEO of GitHub. The funding will […]
REDWOOD CITY — Zūm, a company that is modernizing school bus transportation, has secured $130 million in Series D funding led by Softbank Vision Fund 2, with participation from existing investors including Sequoia and BMW i Ventures. Andrew Straub of Softbank Investment Advisers will join the board of directors. Zum’s comprehensive bus service is designed to transport students […]
PALO ALTO — Plume announced it has closed $300 million in a new round led by SoftBank Vision Fund 2. This round brings the company’s valuation to $2.6 billion, with $697 million raised to date. The investment will continue to drive research and development, sales and marketing, new partnerships, and acquisitions as Plume continues its global expansion and hyper-growth. Plume […]
The nation’s average gas price has jumped from 5.2 cents from a week ago and stands at $3.25 per gallon according to GasBuddy data compiled earlier this week from more than 11 million individual price reports covering over 150,000 gas stations across the country. The national average is up 7.5 cents from a month ago […]
Some of Netflix’s biggest hit shows originated from books, so the company decided to create the Netflix Book Club, a one-of-a-kind book club along with an online show hosted by actress Uzo Aduba. Readers around the world know what’s next in their TBR (to-be-read) list whenever Netflix announces its next adaptation because the hype is […]
REDWOOD CITY — Dexterity, a maker of intelligent robotic systems for logistics, warehouses, and supply chain, has raised an additional $140 million in Series B equity funding and debt. Major existing investors Lightspeed Venture Partners and Kleiner Perkins expanded their commitment to Dexterity by leading the Series B, with additional participation from Obvious Ventures, B37 […]
MOUNTAIN VIEW — Lark Health has closed a $100 million Series D funding round led by Deerfield Management Company. The funding round also includes crossover fund PFM Health Sciences, as well as returning investors Franklin Templeton, King River Capital, Castlepeak, IPD, Olive Tree Capital, and Marvell Technology cofounder Weili Dai. Lark has raised over $185 million in equity and […]
New-vehicle prices hit another all-time high in September 2021, marking the sixth straight record-setting month and surpassing $45,000 for the first time, according to a new report from Kelley Blue Book. At $45,031, the average transaction price (ATP) for a new vehicle was up 12.1% (or $4,872) from one year ago in September 2020 and up 3.7% (or $1,613) from August 2021. The all-time-high […]
SUNNYVALE — Google has formed the Google Cybersecurity Action Team. Made up of experts from across the company, the Google Cybersecurity Action Team will be the world’s premier security advisory team with the singular mission of supporting the security and digital transformation of governments, critical infrastructure, enterprises and small businesses. The announcement was made as […]
SAN FRANCISCO — DeepSight Technology has landed a $25 million Series A funding round led by Deerfield Management Company, a healthcare investment firm, with additional funding from Wing, Alter Venture Partners, and Time BioVentures “We are excited to be on the frontier of advancing medical imaging,” said founder and CEO Nader Sadrzadeh. “Based on internal studies, […]
SAN FRANCISCO — Honor Technology, Inc., the world’s largest senior care network and technology platform, has raised $70 million in Series E funding and $300 million in debt financing. The round brings Honor’s total equity funding to date to $325 million and values the company at over $1.25 billion. Honor recently acquired global home care provider Home Instead. Honor’s technology and operations platform, paired […]
Graduates in the Class of 2020 with computer and information sciences degrees received the highest average starting salaries at the advanced degree levels, according to the National Association of Colleges and Employers (NACE) Summer 2021 Salary Survey report. Graduates earning master’s degrees in the computer and information sciences discipline received an average starting salary of $99,268—the […]