News about Silicon Valley business almost everyday.
SAN FRANCISCO — Arkestro, a Predictive Procurement Platform accelerating enterprise spend transformation, has landed a strategic investment totaling $36 million. The investment was led by Altira Group and Aramco Ventures, with participation from existing investors NEA, KDT, and Activant. The investment will accelerate Arkestro’s ongoing innovation in AI-powered procurement technology, advancing its mission to help enterprises unlock hidden savings, reduce […]
SAN JOSE — Theom, the first AI-native Data Operations Center (DOC) platform that automates AI & data governance and security, has raised $20 million in Series A funding. The round was led by Wing VC, with participation from Sentinel One, Snowflake and Databricks. The new capital will be used to accelerate product development, scale go-to-market operations, and expand […]
SANTA CLARA, CA and RIYADH, Saudi Arabia — AMD is partnering with HUMAIN, Saudi Arabia’s new AI enterprise, to build the world’s most open, scalable, resilient, and cost-efficient AI infrastructure, that will power the future of global intelligence through a network of AMD-based AI computing centers stretching from the Kingdom of Saudi Arabia to the United […]
SAN JOSE – Sayee Chaitanya Reddy Devagiri pleaded guilty in federal court to conspiring to steal more than $2.5 million from DoorDash, Inc., a San Francisco-based delivery company. Devagiri, 30, of Newport Beach, CA and three other defendants were indicted by a federal grand jury in August 2024. Devagiri was charged with a single count of […]
Elementl Power, an advanced nuclear project developer and independent power producer, announced the signing of a strategic agreement with Google to pre-position three project sites for advanced nuclear energy. “Innovative partnerships like this are necessary to mobilize the capital required to build new nuclear projects, which are critical to deliver safe, affordable and clean baseload power […]
HUMAIN, the new full AI value chain subsidiary of Saudi Arabia’s Public Investment Fund, has announced a strategic partnership with NVIDIA, the world leader in AI computing infrastructure, to drive the next wave of artificial intelligence development. The two organizations will leverage NVIDIA platforms and expertise to establish Saudi Arabia as a global leader in […]
Top ranked Stanford’s stingy defense powered a second-half surge to outlast No. 3 USC, 11-7, on Sunday afternoon to capture the 2025 women’s water polo NCAA Championship. The nation’s only program to have participated at every NCAA Championship since the event’s inception in 2001, Stanford claimed its 10th NCAA title overall and third in four […]
SOUTH SAN FRANCISCO — Atlas Data Storage, Inc., a technology company building end-to-end DNA data storage, announced the close of a $155 million seed financing and the acquisition of technology assets from Twist Bioscience. The seed financing investors are ARCH Venture Partners, Deerfield Management, Bezos Expeditions, Tao Capital Partners, Rsquared VC, Earth Foundry, In-Q-Tel (IQT), and other […]
On January 6, 2025, San José Police Department Gang Investigations Unit (GIU) Detectives began an investigation into a gang-motivated incident after SJPD Patrol Officers found evidence of vandalism and theft that occurred the evening prior at Nisich Park in the city of San José. Evidence found on an open source showed four unidentified suspects cutting […]
Tech hiring activity in April felt the weight of ongoing economic uncertainties and mixed market signals according to CompTIA, the leading global provider of vendor-neutral information technology (IT) training and certification products. Tech sector companies reduced staffing by a net 7,000 positions in April, analysis of U.S. Bureau of Labor Statistics (BLS) #JobsReport data reveals. Hiring […]
SANTA CLARA COUNTY – The County of Santa Clara officially assumed ownership and operation of Regional Medical Center (RMC) last month. The venerable East San José hospital is now a part of Santa Clara Valley Healthcare (SCVH), which operates the County’s public hospital system and provides access to high-quality care across the valley. The County purchased […]
ROSEVILLE — RightRev, a provider of automated revenue management, has announced the close of a $13 million Series A funding round, bringing total funding to over $31 million. The investment was co-led by Cheyenne Ventures and Innovius Capital, with notable participation from several repeat investors, including Norwest Venture Partners, Salesforce Ventures and Snowflake Ventures. This investment follows RightRev’s recent […]