News about Silicon Valley business almost everyday.
SAN FRANCISCO – Mayor Daniel Lurie [photo] took a major step in San Francisco’s downtown revitalization efforts, announcing that autonomous vehicles will soon begin operating on Market Street, the city’s main thoroughfare. Waymo will begin mapping the corridor in the coming days, with passenger service expected to launch as soon as this summer. Market Street […]
eBay has formed a strategic partnership with UK-based Checkout.com, a leading global digital payments platform. Through this partnership, eBay expands its global payment platform to deliver seamless commerce experiences for its customers. With more than 2.3 billion live listings, eBay is one of the world’s largest online marketplaces. Millions of customers across 190 markets buy […]
SAN MATEO — Hammerspace, a high-performance Data Platform for AI, announced that several strategic venture investors have invested $100 million in new strategic growth capital. Altimeter Capital and ARK Invest are among the investors. The remainder of the funding round was filled out by a combination of new and existing investors. Data performance has evolved […]
MENLO PARK — Mainspring Energy Inc. has secured $258 Million in a Series F financing round to expand the company’s linear generator power business and operations as it grows in both manufacturing and customer sales. The company also has added two Board members with deep energy and tech industry operating experience – Tom Linebarger, former Chairman and […]
The Santa Clara County District Attorney’s Office has charged a dozen people for breaking into a Stanford University campus building last year, barricading themselves inside, and vandalizing administrative offices. During the takeover, the 12 masked individuals – whose ages ranged from 19 to 32 – broke windows and furniture, splashed fake blood, and disabled security cameras. Damages were estimated in the hundreds of thousands of dollars. The perpetrators are charged […]
The NY State Dept. of Financial Services announced that Block, Inc. — owner of Cash App — will pay a $40 million penalty for significant failures in its Bank Secrecy Act/Anti-Money Laundering compliance program, which violated the Department’s money transmitter and virtual currency regulations. In addition to the monetary penalty, Block is required to retain […]
Meta — parent company of Facebook, Instagram and WhatsApp — announced that Patrick Collison and Dina Powell McCormick have been elected to the company’s board of directors, effective April 15. Mark Zuckerberg, Founder and CEO of Meta, said, “Patrick and Dina bring a lot of experience supporting businesses and entrepreneurs to our board. Patrick is […]
SAN FRANCISCO — Tessell, a multi-cloud database-as-a-service (DBaaS) that enables enterprises and startups to accelerate database, data, and application modernization journeys at scale, has locked in a $60 million Series B funding round, bringing total funding to $94 million. The round was led by WestBridge Capital, with continued strong participation from Lightspeed Venture Partners and new investments […]
PLEASANTON, CA –– FuelFest is set to open gates for their 1st annual Bay Area show at the Alameda County Fairgrounds located at 2005 Valley Avenue in Pleasanton on Saturday, May 31. Gates for the event open to the public from 2-9pm. Admission tickets start at $35 per person and kids 12 and under are […]
SANTA CLARA — Aurascape, a provider of AI-native security, has emerged from one year of stealth operations with $50 million in funding. Lead investors include Mayfield Fund and Menlo Ventures, along with a strategic set of investors such as Celesta Capital, security industry leaders, including former Palo Alto Networks CEO Mark McLaughlin, former Symantec CEO Greg Clark, the Chairman of Walden International Lip-Bu Tan, […]
SAN FRANCISCO — Groundcover, an eBPF-driven observability platform for modern architectures, has raised $35 Million in Series B funding led by Zeev Ventures with follow-up participation from Angular Ventures, Heavybit, and Jibe Ventures. This brings the company’s total funding to $60 Million USD, which will be used to aggressively expand in the USA, where it has seen success […]
MOUNTAIN VIEW — Nuro, Inc., a developer of autonomous driving technology, has raised $106 million so far in its ongoing Series E funding round, which values the company at $6 billion. The round includes participation from new and returning investors, as well as strategic partners. Investors include funds and accounts advised by T. Rowe Price Associates, Inc., Fidelity Management […]