News about Silicon Valley business almost everyday.
Mrs. Fields, the brand known for its soft, fresh-baked cookies and sweet treats, has opened its newest location in San Jose, CA. The new store is located at Westfield Oakridge Shopping Center at 925 Blossom Hill Road. The San Jose store marks the 30th Mrs. Fields location in California. Situated at the entrance of the food court on the […]
MENLO PARK — Airbus Ventures has made an investment in San Francisco-based Bifrost AI, a Generative 3D Data platform, to meet the growing demand for AI training data and 3D simulations. Bifrost’s physically accurate data generation engine provides the vast real-world scenarios crucial in rapidly training, testing and adapting models in AI and Robotics. The […]
SAN FRANCISCO — PuppyGraph, the first and only graph query engine, announced its $5 million seed funding round led by defy.vc. The zero-ETL unlocks real-time graph analytics for enterprises. This power translates into significant industry benefits, from generating GraphRAG to enhance LLM accuracy and reduce hallucinations, to real-time fraud detection and robust cybersecurity analyses. It […]
PALO ALTO — NEC X, the Silicon Valley venture studio backed by NEC’s portfolio of technologies and global businesses, has announced a new investment in General Prognostics Inc. (GPx), a fast-growing MedTech startup revolutionizing chronic disease monitoring and management. The amount invested was not disclosed. The investment coincides with GPx joining the Elev X! Boost […]
PALO ALTO — Evommune, Inc., a clinical-stage biotechnology company discovering and developing new ways to treat immune-mediated inflammatory diseases, has announced the completion of a $115 million Series C financing. The financing was co-led by new investors RA Capital Management and Sectoral Asset Management, along with participation from new investors B Capital, Marshall Wace, Avego Bioscience Capital, […]
AVE, a residential real estate brand of Korman Communities, and Ensemble Investments, LLC (Ensemble), a national developer of hospitality and mixed-use/multifamily real estate, has revealed plans for a pioneering outdoor adventure amenity at the forthcoming AVE Santa Clara located at 2240 Calle de Luna. Now leasing for first move-ins in January 2025, AVE will bring […]
SAN JOSE — Easterseals Northern California officially opened the doors to its newest facility on Oct. 29, a San Jose clinic that expands access to essential developmental disability services for families in the region – addressing a pressing need as the prevalence of autism continues to rise. The ribbon cutting at 800 N. 1st St. […]
Ellore, Santa Clara’s newest luxury senior living community, has officially launched leasing. Developed by Related California and operated by Oakmont Management Group, Ellore is a blend of sophistication, innovation and sustainability to fit the Silicon Valley lifestyle. Located at 2350 Calle De Luna, Ellore is comprised of 176 residences (including independent living, assisted living and […]
LARKSPUR — BondBloxx, a specialized provider of bond ETFs, has raised $27 million. The funding round was led by Macquarie Asset Management, which maintains its minority stake in the company, and also included participation from other new and existing financial investors. “This is an exciting time for the BondBloxx team and our clients as we […]
UNION CITY — Third Wave Automation, a provider of autonomous high-reach forklifts powered by Shared Autonomy, has closed a $27 million Series C round led by Woven Capital, Toyota’s growth fund. Return investors Innovation Endeavors, Norwest Venture Partners and Qualcomm Ventures joined the round, bringing total capital raised to $97 million. The funding will enable Third Wave to scale […]
SANTA CLARA — GMI Cloud, an AI-native GPU cloud provider, has raised $15 million in equity funding and $67 in debt financing in a Series A round led by Headline Asia, bringing the company’s total capital to over $93 million. The round includes strategic investments from Banpu Next (BANPU.BK), a smart energy solutions provider in the Asia-Pacific region, and Wistron Corporation, […]
NEW YORK and SUNNYVALE — Citi, one of the nation’s largest banks, has joined forces with Google Cloud in a multi-year agreement to support Citi’s digital strategy through cloud technology and artificial intelligence (AI). This collaboration focuses on modernizing Citi’s technology infrastructure and enhancing employee and client experiences on cloud-based applications. Through the collaboration, Citi will migrate […]