News about Silicon Valley business almost everyday.
SAN JOSE — Streaming platform Roku plans to bring “A Very Demi Holiday Special,” starring singer Demi Lovato and produced by Michael D. Ratner’s OBB Pictures, exclusively to The Roku Channel this holiday season. The Roku Original special invites streamers to get into the holiday spirit with Demi Lovato and her celebrity friends on Friday, […]
SAN JOSE and SAN FRANCISCO — PayPal Holdings and Uber Technologies have announced an extension of their multi-year relationship. The deal cements PayPal’s role as a key partner in Uber’s continued growth in markets all over the world. As part of the agreement, PayPal and Uber will continue to build upon their relationship for global card […]
LEIXLIP, Ireland — Intel has begun using Intel 4 technology at its new Fab plant in Ireland, which deploys extreme ultraviolet (EUV) technology, and the first use of EUV in high-volume manufacturing (HVM) in Europe. The new technology paves the way for future products like Intel’s upcoming Intel Core Ultra processors (code-named Meteor Lake), which […]
PALO ALTO — AI platform Chai announced it has closed a strategic investment with CoreWeave, a specialized cloud provider of large-scale GPU-accelerated workloads. The deal caps Chai’s valuation at $450 million and follows several months on from Chai’s pre-seed round in which it raised $2 million to further the company’s mission of creating a more open and democratic AI […]
SAN JOSE — Bonsai Robotics, which helps farmers with computer vision-based automation solutions, has raised a $13.5 million seed round led by Acre Venture Partners with participation from E14, Congruent, Serra Ventures, Fall Line Capital, SNR Ventures, Andros, and angels including Travis Deyle (founder of Cobalt Robotics), Lee Redden (founder of Blue River Tech), and […]
SANTA CLARA — CLARA Analytics, a provider of artificial intelligence (AI) technology for insurance claims optimization, has secured $24 million in Series C funding, bringing its total funding to $60 million. This round was led by new investor Spring Lake Equity Partners, with participation from existing investors including Aspen Capital Group, Oak HC/FT and QBE Ventures. “Insurers are facing […]
SAN JOSE — Lyten, Inc, a developer of 3D graphene decarbonizing supermaterials, has raised $200 million as part of its over-subscribed Series B funding round to scale manufacturing and commercialize its first three product lines: Lithium-Sulfur batteries, lightweighted composites, and next generation IoT sensors. The round was led by Prime Movers Lab, a venture capital […]
MOUNTAIN VIEW — Enfabrica Corporation, a startup building converged networking and memory fabric silicon and software tailored to the performance and scalability demands of artificial intelligence (AI) and accelerated computing workloads, has closed a $125 million Series B financing round. The oversubscribed round, which increases Enfabrica’s valuation more than 5X, was led by Atreides Management, […]
MILPITAS — Tarana Wireless, Inc. announced that Digital Alpha Advisors, an investment firm focused on digital infrastructure, has joined the company’s investor group. The $50 million up round led by Digital Alpha is focused on both accelerating Tarana’s rapid growth in sales and deployment of G1, its next-generation fixed wireless access (ngFWA) platform, as well […]
REDWOOD CITY — The Siebel Scholars Foundation announced the recipients of the 2024 Siebel Scholars award. Now in its 23rd year, the Siebel Scholars program annually recognizes nearly 100 exceptional students from the world’s leading graduate schools of business, computer science, and bioengineering. The 83 distinguished students of the Class of 2024 join past Siebel Scholars classes […]
White Castle, a fast-food chain with 350 locations and best-known for its sliders, is now providing delivery as an option within the White Castle app. The in-app delivery option gives Cravers the convenience of having their favorite menu items, such as a 10-sack of Original Sliders, delivered to them at the same everyday low pricing […]
SANTA CLARA — Alcion, a data management startup, has raised $21 million in a Series A funding round, bringing the startup’s total funding to $29 million. The round was led by Veeam, a private company that specializes in data protection and ransomware recovery. “Data protection is more critical than ever. Since exiting stealth in May, […]