News about Silicon Valley business almost everyday.
SAN FRANCISCO — Arch, operator of a data intelligence platform for HVAC contractors, has raised $6.2 million in seed funding from Gigascale Capital, Coatue, Floodgate, ReGen Ventures, and MCJ Collective. The investment comes as a fast-growing majority of Americans want to electrify their homes amid a shortage of installers and high upfront costs. Arch aims to ease both […]
SAN JOSE — Lambda, a cloud company founded by AI engineers and powered by NVIDIA GPUs, has landed a $320 million Series C led by Thomas Tull’s US Innovative Technology with participation from new investors B Capital, SK Telecom, funds and accounts advised by T. Rowe Price Associates, Inc., and existing investors Crescent Cove, Mercato […]
SAN FRANCISCO — Alembic, a holistic marketing attribution platform for enterprises, has received $14 million in series A funding. The round was led by WndrCo, the venture capital firm started by DreamWorks founder Jeffrey Katzenberg. Existing investors MXV Capital, the venture capital firm started by Braze founder Mark Ghermezian, and Liquid 2 Ventures, the venture […]
SAN FRANCISCO — Overflow, which helps non-profits raise donations easier, has closed a $20 million Series B funding round. Wesleyan Investment Foundation led the strategic round and is joined by existing investors including Uncork, R7 and TheGP. Overflow empowers churches, nonprofits and donors alike by creating products that make giving frictionless and elevated through a […]
A GoFundMe page started for former President Donald Trump has raised over $706,000 to date. A Trump supporter named Elena Cardone created the page — Stand with Trump; Fund the $355M Unjust Judgment — after Trump was fined $355 million by a New York judge last week for fraudulently inflating the value of his businesses […]
Meta announced that Hock E. Tan — President and CEO of Broadcom — and John Arnold have been elected to the company’s board of directors, effective immediately. [Photo above: Hock Tan (left) and John Arnold] Mark Zuckerberg, Founder and CEO of Meta, said, “I’m excited to share that Hock Tan and John Arnold are joining […]
Apple TV+ announced a season three renewal for “Invasion,” its hit science fiction drama series from Academy Award-nominated and two-time Emmy Award-nominated producer Simon Kinberg (“X-Men” films, “Deadpool” films, “The Martian”) and David Weil (“Hunters”). The third season of “Invasion” is set to go into production later this month. Following the debut of season two, […]
Shares in Supermicro were clipped Friday, falling 20% for the day after a spectacular runup this month. Supermicro broke the $1,000 mark on Thursday and dropped big on Friday after concerns of the company being overpriced. The stock has already gained 181% this year and is up an astonishing 842% over the past 12 months. […]
OAKLAND – Naikano Tuipulotu made his initial appearance in court on February 15, 2024, to face charges of committing a series of bank robberies in the East Bay, announced United States Attorney Ismail J. Ramsey and Federal Bureau of Investigation, Special Agent in Charge Robert K. Tripp. According to the complaint affidavit, from October 23, […]
Square has released the latest edition of its quarterly Restaurant Industry Report, which uses data across Square’s food and beverage sellers to examine dining trends, along with shifts in both consumer spending and restaurant wages. Data is for the fourth quarter of 2023. Breakfast skews towards delivery While delivery rates overall have seen a decrease […]
Apple Arcade is offering a catalog of games for players to enjoy on Apple Vision Pro, the company’s new spatial computing device. Spatial games built specifically for Arcade on Apple Vision Pro unlock new gameplay opportunities by blending digital content with the physical world. visionOS delivers powerful spatial experiences with a brand-new three-dimensional user interface […]
goPro has recently agreed to acquire Forcite Helmet Systems, a pioneer in embedding technology into helmets. GoPro intends to accelerate Forcite’s vision to provide a safer, more dynamic motorcycling experience through tech-enabled motorcycle helmets with the long-term goal of tech-enabling other categories of helmets over time. Forcite is based in Australia and terms of the […]