SANTA CLARA — AMD has announced the AMD Alveo UL3422 accelerator card, the latest addition to its family of accelerators designed for ultra-low latency electronic trading applications. AMD Alveo UL3422 provides trading firms, market makers and financial institutions with a slim form factor accelerator optimized for rack space, cost and designed for a fast path […]
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Glooko Scores $100 Million Series F
PALO ALTO — Glooko, Inc., a digital health company connecting patients, providers, biopharma and medical device partners, has secured a $100 million Series F round. The Company’s Board of Directors also announced the appointment of Mike Alvarez as Chief Executive Officer. The funding round, led by Georgian, with investments from Health Catalyst Capital, Canaan and […]
Neuron7.Ai Lands $44 Million Series B
SAN JOSE — Neuron7.ai, a provider of Service Resolution Intelligence, has raised $44 million in Series B funding led by Smith Point Capital, the firm founded by former Salesforce Co-CEO Keith Block. Existing investors Nexus Venture Partners and Battery Ventures joined the oversubscribed funding round, bringing the total capital raised to date to more than […]
Apple Launches Upgraded iPad Mini
CUPERTINO — Apple — the world’s most valuable company — has introduced the new iPad mini featuring the A17 Pro chip and Apple Intelligence, the easy-to-use personal intelligence system that understands personal context to deliver intelligence that is helpful and relevant while protecting user privacy. With a beloved ultraportable design, the new iPad mini is […]
Police Arrest Two for Vandalizing Stanford Shopping Center
PALO ALTO – Police arrested two suspects last week in connection with a vandalism at the Stanford Shopping Center that occurred last Monday night. One officer was injured attempting to apprehend the fleeing suspects. On Monday, October 7, 2024, at about 6:00 p.m., officers were at the Stanford Shopping Center monitoring a demonstration occurring at that […]
Best Day Brewing Serves Up $22 Million in Funding
SAUSALITO — Best Day Brewing, a fast-growing, non-alcoholic craft beer brand, has announced $22.5 million in total funding raised in 2024 from new partners and existing investors – showcasing the high-level of confidence in the industry, brand, and Best Day’s product. Since joining the non-alcoholic market in 2022, Best Day quickly emerged as a fast-growing brand […]
Galileo Reels In $45 Million Series B
SAN FRANCISCO — Galileo, a provider of generative AI evaluation and observability for enterprises, has raised $45 million in Series B funding led by Scale Venture Partners, with participation from Premji Invest, bringing the company’s total funding to $68 million. The company reports 834% revenue growth since the beginning of 2024. During this time, the company quadrupled its […]
CalTrain Launches Fully Electric Service From San Francisco to San Jose
Caltrain has launched a new electrified schedule, bringing the 160-year-old San Francisco-San Jose rail corridor from diesel power to electric. Caltrain is currently running 100% renewable, zero-emission service from San Francisco to San Jose for the first time. The new high-performance, state-of-the-art electric trains offer a better experience for Caltrain riders. Caltrain service is now faster and […]
Mercor Secures $30 Million Series A
SAN FRANCISCO — Mercor has secured a $30 million Series A round at a $250 million valuation. The round was led by Victor Lazarte and Bill Gurley at Benchmark, with participation from General Catalyst, Peter Thiel, Jack Dorsey, Adam D’Angelo, Larry Summers, Chris Re, and others. Victor Lazarte at Benchmark will be joining the board to continue supporting Mercor’s growth and development. [Photo above: Co-founders Adarsh Hiremath, Brendan Foody, […]
Former CEO of AI Start-up Skael Charged With Fraud
SAN FRANCISCO – A federal grand jury indicted Baba Nadimpalli, the founder and former Chief Executive Officer of SKAEL, Inc. (SKAEL), with securities and wire fraud for defrauding investors and misleading them about the company’s revenue, annual recurring revenue (ARR), and other financial and sales information. According to an indictment filed Jan. 17, 2024 and […]
Visa Hit by Justice Department Lawsuit
The Justice Department has filed a civil antitrust lawsuit against San Francisco-based Visa for monopolization and other unlawful conduct in debit network markets in violation of Sections 1 and 2 of the Sherman Act. Filed in the U.S. District Court for the Southern District of New York, the complaint alleges that Visa illegally maintains a […]
Twelve Raises $645 Million
BERKELEY — Twelve, a carbon transformation company that converts captured carbon dioxide into valuable chemicals, fuels, and other essential products typically made from fossil fuels, has secured $645 million in funding. This raise is a strategic mix of capital which includes $400 million in project equity led by TPG Rise Climate, $200 million in Series C […]