News about Silicon Valley business almost everyday.
SAN FRANCISCO — Neon, a serverless Postgres database built for developers, has landed a $25.6 Million strategic investment led by M12, Microsoft’s Venture Fund. Follow-up participation includes existing investors Abstract Ventures, General Catalyst, Menlo Ventures, and Notable Capital. This latest investment brings Neon’s total funding to $130.6 million since its founding in 2021. “Postgres is […]
LOS ALTOS — With $10 million in seed funding from Accel and CRV, Napkin.ai is pioneering Visual AI that brings impact and fun into business storytelling. Designed for the millions of professionals, writers, educators, and content creators who are in the business of selling ideas, Napkin.ai helps you unlock the visual potential in your text content. “With the […]
The SF Police Department General Work and Burglary investigators and patrol officers have arrested three teenagers and an 11-year-old for Organized Retail Crime (ORC). Investigators reviewed dozens of retail-related incidents, some of which involved committing violence to store employees. SFPD developed probable cause to arrest the suspects for the theft of over $190,000 in retail […]
PALO ALTO — Anjuna, creator of Anjuna Seaglass, the Universal Confidential Computing Platform, has closed a $25 million Series B2 financing round to propel and expand its AI-enabling enterprise offerings. The round was led by M Ventures, the corporate VC of Merck KGaA, Darmstadt, Germany, SineWave Ventures, and AI Capital Partners (Alpha Intelligence Capital’s U.S.-based […]
Google websites are the most popular in the U.S. according to research firm Comscore. For May 2024, Google sites had 278.4 million visitors in the U.S. which includes desktop, mobile and social platforms. Yahoo ranked second with 249.3 million users and Microsoft was third with 245.9 million users. # Property Unique Visitors/Viewers (000) % Reach […]
McDonald’s, one of the leading fast food chains in the world, is launching collectible cups with select meals next week. McDonald’s collectibles are as iconic as they come. From toys to vintage posters, plates, merch, games and trading cards, these keepsakes are more than just collector’s items – they unlock some of our fans’ favorite […]
SAN FRANCISCO — Venture capital firm venBio has closed venBio Global Strategic Fund V (“venBio Fund V”), its fifth life sciences venture capital fund, exceeding its target and closing on approximately $528 million in capital commitments. The firm initiated the fundraise for Fund V in mid-April. Limited partners of Fund V include a broad range […]
DoorDash is launching new discounts for lunch and happy hour. These new features allow restaurants to optimize their operations and maximize revenue, while also providing affordable on-demand meal options for consumers. Restaurants can see a dip in orders during certain times of the day. This new suite of products was created as a result of […]
OAKLAND – Unspun, an industry leader in 3D weaving technology, announced $32 million in an oversubscribed Series B funding round led by DCVC, with participation from Lowercarbon Capital, E12, Decathlon and SOSV. The funding will fuel the rapid scaling of unspun’s innovative 3D weaving technology, Vega—designed to help brands realize a low-inventory, nearshore and automated supply-chain for woven […]
PLEASANTON, CA, and ZURICH, Switzerland – Cowbell, a leading provider of cyber insurance for small and medium-sized enterprises (SMEs), has closed a $60 million Series C equity investment from Zurich Insurance Group (Zurich), a leading global multi-line insurer. With the $60 million investment, Cowbell plans to scale operations to meet growing demand, extend its presence […]
MOUNTAIN VIEW — Applied Intuition, a Silicon Valley-based vehicle software supplier for automotive, trucking, construction, mining, agriculture and other industries, has closed a secondary round of over $300 million and welcomes Fidelity Management & Research Company as a new investor. Existing investors General Catalyst, BOND, Lux Capital and Elad Gil also participated. As part of the secondary sale, investors […]
Amazon announced that Prime Day 2024 was Amazon’s biggest Prime Day shopping event ever, with record sales and more items sold during the two-day event than any previous Prime Day event from July 16-17. During the 48-hour shopping event, Prime members globally saved billions on deals across every category. With Amazon’s vast selection at some […]