News about Silicon Valley business almost everyday.
SOUTH SAN FRANCISCO — Neuron23 Inc., an early stage biotechnology company focused on developing precision medicines for genetically defined neurological and immunological diseases, has closed a $100 million Series C financing round led by SoftBank Vision Fund 2, bringing the company’s total financing raised to date to $213.5 million. Neuron23’s Series A and B investors […]
SAN FRANCISCO — Brightside Health, a telemedicine platform that offers fast access to personalized treatment, expert providers, and ongoing support for a range of mental health concerns, has raised $50 million in Series B funding. This round, led by ACME Capital and Mousse Partners, with participation from existing investors Bullpen Capital, Triventures, and Trousdale Ventures, […]
The Federal Trade Commission (FTC) is suing Intuit Inc., the maker of the popular TurboTax tax filing software, by issuing an administrative complaint against the company for deceiving consumers with bogus advertisements pitching “free” tax filing that millions of consumers could not use. In addition, to prevent ongoing harm to consumers rushing to file their […]
SAN FRANCISCO — Revvable, a SaaS platform for Powersports dealerships, announced a $5 million Seed Round led by Tiger Global with participation from its initial investor Bienville Capital. Revvable’s mission is to enable a seamless purchasing experience for everything from motorcycles and ATVs to apparel and accessories. With Revvable, powersports dealers will be able to […]
The Securities and Exchange Commission (SEC) announced insider trading charges against three software engineers employed at Twilio, Inc., a San Francisco-based cloud computing communications company, and four family members and friends for allegedly generating more than $1 million in collective profits by insider trading ahead of the company’s positive first quarter 2020 earnings announcement on […]
Kroger Co., the nation’s largest supermarket chain, and NVIDIA announced a strategic collaboration to reimagine the shopping experience using AI-enabled applications and services. Kroger and NVIDIA will build a state-of-art AI lab and demonstration center to expand Kroger’s freshness initiatives, improve shipping logistics and create a better shopping experience in stores through digital twin simulations […]
SAN FRANCISCO –– WorkRamp, an All-in-One Learning Platform helping businesses and their employees unlock their true growth potential – has raised a $40 million Series C funding round co-led by Salesforce Ventures, Slack Fund and Susa Ventures. Jack Altman (CEO of Lattice), OMERS Ventures, GTMfund, PeopleTech Angels and UpHonest Capital also participated. This latest round brings WorkRamp’s total funding […]
SAN FRANCISCO — Osso VR, which operates a virtual reality (VR) surgical training and assessment platform, has secured $66 million in Series C funding led by Oak HC/FT. The round also includes participation from Signalfire, GSR Ventures, Tiger Global Management and Kaiser Permanente Ventures. The capital will be used to accelerate Osso VR’s initiative to broaden access to […]
EMERYVILLE — Clear Skye announced that the company has completed a $14 million Series A funding round, bringing total funding for the company to nearly $20 million since its initial seed round in 2020. This latest investment was co-led by Storm Ventures and Toba Capital with participation from Point Field Partners and Inner Loop Capital. […]
As inflation reaches historic levels and Americans face rising prices at gas pumps and sticker shock at supermarket checkouts, Denny’s is offering a new Endless Breakfast promotion. Now through June 21, Denny’s is helping individuals and families stretch their dollars by offering endless fluffy buttermilk pancakes, cheesy scrambled eggs and crispy hash browns from $6.99 to $8.99 depending […]
Meta Platforms — the parent company of Facebook, Instagram and WhatsApp — plans to build a nearly one million-square-foot data center in Kansas City, investing more than $800 million and supporting up to 100 jobs. The data center, a first of its kind in Missouri, is expected to be operational in 2024. “We’re proud to […]
MILPITAS — Tarana Wireless has raised $170 million at a $1 billion valuation from venture and institutional investors to support its rapid growth. The round was co-led by Axon Capital, Khosla Ventures, and Prime Movers Lab. Also participating were Michigan State Pension Fund, I Squared Capital, and two other large, industry-leading institutional investors. Tarana operates […]