News about Silicon Valley business almost everyday.
MENLO PARK — DCM Ventures, a global early-stage venture capital firm headquartered in Silicon Valley, announced a change to its investment operations to better serve its limited partners and focus on its core principles of investing in early-stage companies building the future of tech. DCM will spin off its pre-seed and seed team into a […]
SAN FRANCISCO – Silicon Valley Bank (SVB), a division of First Citizens Bank, has provided a $50 million growth capital facility to Bugcrowd, a leading provider of crowdsourced cybersecurity solutions. Bugcrowd brings the collective ingenuity of organizations and hackers to mitigate vulnerabilities across all applications, systems, and infrastructure. Provided by SVB’s Enterprise Software Group, the new financing will further […]
PALO ALTO — Cresta, an end-to-end generative AI platform for contact centers, has announced the closing of its $125 million Series D round of financing. The round was led by new investors World Innovation Lab (WiL) and QIA with participation from Accenture, EnvisionX Capital, LG Technology Ventures, Qualcomm Ventures, and Workday Ventures. The round also includes returning investors […]
Apple has released its list of the most popular podcasts of 2024, with year-end charts localized for listeners in nearly 100 countries and regions. The 2024 charts are available in the Browse tab through the end of the year, and include the top podcasts overall, the top new shows that debuted this year, the most followed […]
SANTA CLARA — ANELLO Photonics, creator of the Silicon Photonic Optical Gyroscope (SiPhOG), announced the successful closure of its Series B funding round reflecting robust investor confidence in the company’s groundbreaking approach to inertial navigation in GPS-denied environments. The investment was co-led by Lockheed Martin, Catapult Ventures and One Madison Group. Additional investors included New […]
SUSONO, Japan & SANTA CRUZ, CA — Toyota Motor Corporation and Joby Aviation, a company developing electric air taxis for commercial passenger service, announced the completion of Joby’s first international exhibition flight which took place at Toyota’s Higashi-Fuji Technical Center in Shizuoka, Japan earlier this month. The flight, completed within sight of Mount Fuji, marked […]
SANTA CLARA — Oklo Inc., a nuclear technology company, has signed a letter of intent to acquire Atomic Alchemy Inc., an Idaho-based company specializing in the production of radioisotopes. Oklo’s fast reactor and fuel recycling technologies produce valuable coproducts, such as radioisotopes, through their respective processes. The proposed acquisition builds upon the strategic partnership announced […]
Netflix’s foray into live boxing was a success Saturday night. The company said 60 million households watched the Jake Paul vs. Mike Tyson main event live around the world, peaking at 65 million concurrent streams. Nearly 50 million households globally tuned in live for the co-main event of Serrano vs. Taylor 2. Additionally, the bout […]
Could lost luggage be a thing of the past? Apple has introduced Share Item Location, a new iOS feature that helps users locate and recover misplaced items by easily and securely sharing the location of an AirTag or Find My network accessory with third parties such as airlines. Share Item Location is available now in […]
SAN JOSE — PayPal announced a new experience that gives customers an easy way to pool money with friends and family for group gifts, travel, special events or other shared expenses. Rolling out globally across the US, Germany, Italy and Spain, the new experience gives customers the ability to set up a pool in the PayPal app or online, invite […]
BERKELEY — Shiru, a pioneer in AI-powered ingredient discovery, has secured a $16 million investment round as it leads a revolution in how ingredients are discovered and developed across multiple industries. Shiru’s flagship platform, ProteinDiscovery.ai, hosts the world’s largest database of natural proteins from plants and microbes. The AI-driven platform enables corporate partners in food, personal care, agriculture and […]
MENLO PARK — Medeloop, a medical research platform, has closed a $15.5 million Series A funding round. Led by venture capital firm Inovia Capital and supported by contributions from Icon Ventures, this investment underscores the strong confidence in Medeloop’s mission to revolutionize medical research. The round also welcomed participation from previous investors General Catalyst and Maven Ventures, as well […]