News about Silicon Valley business almost everyday.
SANTA CLARA –– ShiftLeft, a provider of automated application security testing, has secured an additional $29 million in funding from SYN Ventures and Blackstone Innovations Investments with participation from existing investors. The funding will be applied to accelerate product development, marketing and sales efforts. As part of the expansion capital funding, SYN Managing Partner Jay […]
National restaurant chain Chipotle Mexican Grill has formed Cultivate Next, a new venture fund which intends to make early-stage investments into companies that further Chipotle’s mission to Cultivate a Better World. The aim of Cultivate Next is to support seed to Series B stage companies that can accelerate the Company’s strategic priorities such as running […]
Global venture capital investment during Q1’22 reached $144.8 billion, higher than all, but the four consecutive record-breaking quarters seen during 2021 – making for a robust result, despite the decline, according to the KPMG’s Venture Pulse report, covering Q1’2022. The quarterly report, published by KPMG Private Enterprise, analyses key VC deals and trends globally in key jurisdictions […]
SAN FRANCISCO — Synthesis AI, a developer of synthetic data technologies to build advanced computer vision AI models, has closed $17 million in Series A financing led by new investor 468 Capital, with additional participation from Sorenson Ventures and Strawberry Creek Ventures and existing investors, Bee Partners, PJC, iRobot Boom Capital and Kubera Venture Capital. The latest round brings Synthesis AI’s total funding to over $24 million. […]
SAN FRANCISCO — Pando, which operates a career progression platform, has raised a total of $6.9 million led by Craft Ventures with participation from Lerer Hippeau, GFC, Correlation Ventures, and additional strategic investors including Jane Alexander CMO at Carta, Ashkay Kothari COO at Notion, and Des Traynor Co-founder at Intercom. The new funds will be used to […]
Tesla CEO Elon Musk has sold over $8 billion worth of Tesla stock in filings with the SEC this week. Musk is the world’s richest man and most of his net worth is based on his ownership of Tesla shares. He made a deal last week to buy Twitter for $54.20 per share. Twitter reported […]
Southwest Airlines, the nation’s leading discount airline, has added additional service to its flight schedule beginning in early June, including more flights from San Jose and San Diego. “For a gamut of travelers seeking business opportunity, faraway fun, or family time, these new routes and additional flights put the Hospitality and value of Southwest Airlines […]
CUPERTINO — Apple has opened a self-service site that now lets users fix their own Apple iPhones, providing repair manuals and genuine Apple parts and tools through the Apple Self Service Repair Store. Self Service Repair is available in the US and will expand to additional countries — beginning in Europe — later this year. […]
Google has announced 11 companies for the second Google for Startups Accelerator: Climate Change cohort. This ten-week program consists of intensive workshops and expert mentorship designed to help growth-stage, sustainability-focused startups learn technical, product and leadership best practices. These are the 11 selected startups using technology to better our planet: AmpUp in Cupertino, CA: AmpUp is an […]
SANTA CLARA –Ayar Labs, which specializes in chip-to-chip optical connectivity, has secured $130 million in additional financing led by Boardman Bay Capital Management to drive the commercialization of its optical I/O solution. Hewlett Packard Enterprise (HPE) and NVIDIA also participated in this investment round, joining existing strategic investors Applied Ventures LLC, GlobalFoundries, Intel Capital, and […]
SUNNYVALE — AI-enabled healthcare automation provider Syllable has landed a $40 million Series C funding round to improve the patient experience with intelligent voice solutions for health system call centers and medical practice offices. Funding was led by TCV with participation from existing investors Oak HC/FT, Section32, and Verily and will be used to further […]
Palo Alto Police arrested four suspects for organized retail theft last Friday afternoon after shoplifting from a downtown clothing store and were involved in a non-injury hit-and-run collision with another vehicle as they fled the scene. Police booked all four suspects into jail. On Friday, April 22, 2022, at about 2:07 p.m., the Palo Alto […]