Bitcoin continues its steep decline dropping below the $18,000 mark on Saturday afternoon. The largest cryptocurrency was down over 12% in the past day according to Coinbase and is down 62% year-to-date. Unlike the stock market which trades primarily during business hours Monday thru Friday, Bitcoin trades round the clock, 365 days per year and […]
Author: Editor
PayPal Lets Users Transfer Crypto
In an untimely move, PayPal announced last week that users can now send crypto between accounts. Since then, Bitcoin has plunged by more than 30% and is now under $19,000 as of Saturday. PayPal said it now supports the native transfer of cryptocurrencies between PayPal and other wallets and exchanges. This feature has been consistently […]
Fountain Flows With Additional $100 Million
SAN FRANCISCO — Fountain, an applicant tracking system (ATS) for high volume hiring, announced an extension of its November 2021 Series C round by $100 million, bringing the total to $185 million. The extension was led by B Capital Group, joined by SoftBank, Mirae Asset Venture Investment, DCM, Origin Ventures, Commerce Ventures, SemperVirens Venture Capital, […]
Hourly.io Scores $27 Million Series A
PALO ALTO — Hourly.io, a fast-growing workers’ comp and payroll startup, has raised $27 million in Series A financing led by Glilot Capital Partners through its early growth fund, Glilot+. Additional backers include previous investors S Capital, MS&AD Ventures, J-Ventures and new to this round, Vintage Investment Partners and Upshot Ventures. The Series A funding will help Hourly expand beyond the state of California, where it was […]
Construction Technology Platform Alice Raises $30 Million
MENLO PARK — Construction technology platform ALICE Technologies has raised a $30 million funding round led by Vanedge Capital. Additional new investors include Bouygues, Gaingels, GRIDS Capital, JLL Spark, and MetaPlanet, which joined the round along with existing investors Future Ventures, Merus Capital, and Rising Tide. ALICE Technologies’ construction optioneering platform helps large contractors plan, bid and build […]
Doordash Names 100 Most Loved Restaurants
SAN FRANCISCO — DoorDash, the nation’s leading food delivery service, has unveiled its first annual awards list honoring the top 100 Most Loved All Star Restaurants in the United States for 2022. The restaurants on this list are all available on Doordash. They’re also reliable, top-rated by consumers, and exceptional at operations — fewer than 1% of […]
Sensel Reels in $18.8 Million
SUNNYVALE — Sensel, a company developing the next generation of touch-sensing, force-sensing, and haptics technologies, has closed $18.8 million in Series B financing. Sensel has raised over $57 million since it was founded in 2013. Sensel’s Series B is led by Global Lighting Technologies Inc (GLT), a strategic manufacturing partner to Sensel and leader in custom light-guide modules for computing and other applications. […]
Freshfields Law Firm Opens New Silicon Valley Office
MENLO PARK — The law firm of Freshfields Bruckhaus Deringer LLP has officially opened a new 40,000-square-foot office at 855 Main in downtown Redwood City. As anchor tenant, the firm occupies the top two floors of the new building. Additionally, the building and lobby are adorned with Freshfields signage. “We are delighted to be in […]
Former NetApp Headquarters Sold
SUNNYVALE — Real estate firm Tishman Speyer announced the sale of the former NetApp headquarters campus in California to CommonWealth Partners, a national commercial real estate developer, investor and operator. The property sold for a reported $707 million. Tishman Speyer acquired the campus, located on Crossman Drive in the desirable Moffett Park neighborhood, from NetApp in April 2021 for $356 million. […]
Luxury Home Sales Drop 17.8 Percent
Sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the onset of the coronavirus pandemic sent shockwaves through the housing market. By comparison, sales of non luxury homes fell 5.4%. That’s according to an analysis of luxury real estate trends from real estate brokerage […]
Scale Asia Ventures Launches $30 Million Inaugural Fund
PALO ALTO — SAV (Scale Asia Ventures), a Silicon Valley-based venture capital firm, has launched its $30 million inaugural early-stage fund in commitments to support enterprise-focused companies. Beyond early-stage funding, SAV also plans to fuel its portfolios with additional $100 million later-stage funding directly from its deep-pocketed Limited Partner base. Fund backers include institutional funds, […]
AppOmni Reels In $70 Million
SAN FRANCISCO — AppOmni, a provider of SaaS security, has raised $70 million in a Series C funding round to advance product development, fuel international growth, and scale go-to-market processes. The investment was led by Thoma Bravo, a leading software investment firm, with participation from existing investors, including Scale Venture Partners, Salesforce Ventures, ClearSky, and […]