News about Silicon Valley business almost everyday.
SAN FRANCISCO — Loyal, a clinical-stage animal health company developing longevity drugs for dogs, announced that the FDA’s Center for Veterinary Medicine has accepted the Reasonable Expectation of Effectiveness (RXE) section of its conditional approval application for LOY-002. The drug aims to extend the lifespan of senior dogs and maintain their quality of life as […]
On February 13, 2025, San José Police Department Reserve Officers responded to a report of an in-progress theft at a Target store located in the 2100 block of Monterey Road. The adult male suspect was apprehended and arrested upon exiting the store with unpaid items. The SJPD Organized Retail Theft Detail, in collaboration with Target’s […]
The D. E. Shaw group, a global investment and technology development firm, has opened an office in San Francisco, expanding its presence in the Bay Area. The new office is located in the city’s Financial District and complements the firm’s existing location in Silicon Valley on Sand Hill Road, which opened in 2005. “We’ve spent […]
NVIDIA today reported record revenue for the fourth quarter ended January 26, 2025, of $39.3 billion, up 12% from the previous quarter and up 78% from a year ago. For the quarter, GAAP earnings per diluted share was $0.89, up 14% from the previous quarter and up 82% from a year ago. Non-GAAP earnings per […]
MILPITAS — Sandisk Corporation, a global Flash and advanced memory technology innovator, has completed its separation from Western Digital and is now an independent public company that began trading Monday on the Nasdaq Stock Market under the ticker symbol “SNDK.” The company’s leadership team with long-time employees and Board members rang the closing bell at […]
Apple is introducing a new food section in Apple News+ with the release of iOS 18.4 and iPadOS 18.4 in April. Apple News+ subscribers will have access to Apple News+ Food, a new section that will feature tens of thousands of recipes — as well as stories about restaurants, healthy eating, kitchen essentials, and more […]
SAN JOSE — Super Micro Computer has filed with the Securities and Exchange Commission (SEC) its Annual Report on Form 10-K for the fiscal year ended June 30, 2024 and its Quarterly Reports on Form 10-Q for the first quarter of fiscal 2025 ended September 30, 2024 and the second quarter of fiscal 2025 ended […]
SAN MATEO — Verkada, a provider of cloud-based physical security technology has announced a $200 million Series E funding round led by General Catalyst, with significant investment from Eclipse and additional participation from new and existing investors. Since its founding in 2016, Verkada has raised more than $700 million in funding, and the latest round values the company at $4.5 […]
CUPERTINO — Apple announced its largest-ever spending commitment, with plans to spend and invest more than $500 billion in the U.S. over the next four years. This new pledge builds on Apple’s long history of investing in American innovation and advanced high-skilled manufacturing, and will support a wide range of initiatives that focus on artificial […]
SANTA CLARA — Archer announced it has raised $301.75 million, strategically positioning it to accelerate the development of its hybrid aircraft platform for the defense market and beyond. Leading institutional investors participated in this financing, including funds and accounts managed by BlackRock. This raise brings Archer’s total liquidity position to ~$1 billion. Archer has long […]
SAN MATEO — Alef Aeronautics says it has successfully conducted a flight test of its flying car in a city environment. [Photo above: Jim Dukhovny, CEO of Alef, near the flying car during a flight test.] Alef Aeronautics pilot + driving + flying over a car in a city Alef Aeronautics flying car driving off-road […]
SAN FRANCISCO — Williams Sonoma is launching a new food collaboration with Michelin-starred restaurateur, author, TV personality and Iron Chef, Masaharu Morimoto. Known for his fusion-style creations, bridging Japanese flavors with the American palate, Chef Morimoto partnered with Williams Sonoma to create a collection of sauces and ramen bases that are meticulously crafted using the […]