News about Silicon Valley business almost everyday.
SAN FRANCISCO — Varo Bank, N.A., the first nationally chartered consumer techbank in the U.S., has launched “Varo to Anyone,” a free, instant payments service with money sent, received, and stored from Varo Bank accounts insured up to $250,000. Varo to Anyone transfers can be sent to anyone with a U.S. debit card, no matter where they bank. Unlike […]
SAN JOSE — Cisco is buying San Francisco-based cybersecurity company Splunk for $157 per share in cash, or about $28 billion. Upon close of the deal, Splunk President and CEO Gary Steele will join Cisco’s Executive Leadership Team reporting to Chair and CEO Chuck Robbins. Shares in Splunk closed Wednesday at $119.59 and were up 25% on Thursday […]
MENLO PARK — ReCode Therapeutics, a clinical-stage genetic medicines company using precision delivery to power the next wave of mRNA and gene correction therapeutics, has closed an extension to its Series B financing, raising an additional $50 million, for a total of $260 million in funding. New investors in the extension include BLV and Solasta […]
Amazon announced that it is hiring 250,000 employees throughout the U.S. in full-time, seasonal, and part-time roles across its operations network, and 30,000 of those will be across California. A diverse range of roles—from packing and picking to sorting and shipping—are available to applicants from all backgrounds and experience levels. The flexibility of jobs available […]
SAN FRANCISCO — Instacart, the nation’s leading grocery delivery service, announced the pricing of its long-awaited initial public offering at $30 per share. The shares are expected to begin trading on the Nasdaq Global Select Market on Tuesday September 19, 2023, under the symbol “CART.” It is one of a few companies to go public […]
STARLUX Airlines, a Taiwan-based luxury carrier, announced the launch of its second North American destination, with flights between San Francisco and Taipei debuting on December 16. Initially starting with three weekly flights, the SFO-TPE service is expected to ramp to daily next March. Reservations for the new route are now open for booking. Flight Route Weekly Schedule […]
PayPal announced this month that Rachel Kobetz has joined the company as Senior Vice President and Chief Design Officer (CDO), reporting to John Kim, Executive Vice President and Chief Product Officer. Rachel comes to PayPal from her most recent position as SVP and Global Head of Design at Expedia Group, where she was responsible for […]
MENLO PARK — Realization Capital Partners Management has closed its second investment fund, Realization Capital Partners II, L.P. at $323 million. The Fund received strong support from a diverse range of investors including multi-family offices, RIAs, single-family offices, endowments, foundations, and industry executives. Founded in 2019 by Jason Donahue, Realization Capital makes both secondary and […]
SAN FRANCISCO — Apollo.io, which develops a go-to-market (GTM) solution for sales and marketing teams, has landed $100 million in Series D funding led by Bain Capital Ventures (BCV), with participation from existing investors Sequoia Capital, Tribe Capital, and Nexus Venture Partners. Following the company’s Series C in March 2022, this investment brings the company’s total funding to […]
SAN JOSE — Planera, a visual scheduling and planning solution helping construction companies build, analyze, and optimize project schedules to increase profitability, has named Scotland Foss as the company’s new Head of Sales. Drawing from over 10 years of documented success in sales and contributions to the growth of notable companies such as Autodesk Construction […]
SAN FRANCISCO — Aether has announced a $49 million Series A led by Natural Capital and Unless to power the next industrial revolution by helping extract rare metals and create new materials, leading to a more resource-efficient and sustainable future. The funding will be used to scale its platform and grow the company’s engineering, machine […]
The New York Times has named Heather Knight as its new San Francisco bureau chief starting in September. According to a note posted by NY Times’ National Editors Jia Lynn Yang and Kevin Yamamura, Heather has worked at The San Francisco Chronicle for more than two decades, covering City Hall before being named city columnist […]