News about Silicon Valley business almost everyday.
SAN JOSE — PayPal has announced the launch of its own U.S. dollar-denominated stablecoin, PayPal USD (PYUSD). PayPal USD is designed to contribute to the opportunity stablecoins offer for payments and is 100% backed by U.S. dollar deposits, short-term U.S Treasuries and similar cash equivalents. PayPal USD is redeemable 1:1 for U.S. dollars and is issued […]
SAN JOSE – Nile, a developer of next-generation enterprise networks, has reeled in a $175 million Series C investment round co-led by March Capital and Sanabil Investments, with strategic participation from solutions by stc, Prosperity7, Liberty Global Ventures, and stc CIF (Corporate Investment Fund), and contribution from 8VC, Geodesic Capital, U First Capital, and Valor Equity Partners. […]
SAN FRANCISCO — Fizz, a new social media platform exclusively for college students, has raised $25 million in a series B funding round led by Owl Ventures with participation from NEA. The new funding will help Fizz continue the expansion of its authentic and community-centric social media app to more colleges and universities nationwide. Fizz […]
Square has launched Square Go, a consumer booking app that provides an end-to-end booking experience so consumers can search, discover, and schedule with independent service providers in their area. The Square Go mobile app also increases seller visibility, helping beauty and personal care professionals grow and retain their customer base. The app is only available […]
Housing affordability in California slid to the lowest level in nearly 16 years as interest rates stayed above 6 percent for the third straight quarter and home prices remained elevated by a shortage of homes on the market, according to the California Association of Realtors (C.A.R.). Less than one in five (16 percent) home buyers could […]
SAN FRANCISCO — ToolJet, the open-source low-code platform for developers, has secured an undisclosed investment from M12, Microsoft’s venture fund and GitHub via the M12 GitHub Fund to fuel its next stage of growth. Popular among developers, with close to 20,000 stars and 350 contributors on GitHub, ToolJet has become the go-to solution for thousands of innovative teams […]
The United Airlines Ventures Sustainable Flight Fund – a way for companies and consumers to come together and increase the supply of sustainable aviation fuel (SAF) through the support of start-ups – has increased its investment power to nearly $200 million and added eight new corporate partners, five months after its initial launch. American Express Global Business Travel, […]
MOUNTAIN VIEW — Smartlens, Inc., a clinical-stage ophthalmic technology company, has closed an oversubscribed $6.1 million Series A financing round to advance regulatory clearance for miLens, a novel, electronics-free, soft contact lens for monitoring diurnal intraocular pressure (IOP). The funding was led by Ambit Health Ventures, joined by Stanford University, Graphene Ventures, Sophia Innovation Capital, Plaisance Capital […]
SAN JOSE — Symmetry Systems, an AI-powered data-centric security company, has announced an $17.7 million inside round of funding with repeat participation from ForgePoint Capital and Prefix Capital and new participants W11 Capital Management and TSG (The Syndicate Group), a channel-focused strategic investor. Symmetry Systems’ mission is to protect the world’s data, ensuring resilience and enabling modern […]
Apple and Major League Baseball (MLB) have announced the September 2023 “Friday Night Baseball” schedule, available to all Apple TV+ subscribers. “Friday Night Baseball” games on Apple TV+ are called each week by Wayne Randazzo (play-by-play), Dontrelle Willis (analyst), Heidi Watney (sideline reporter), Alex Faust (play-by-play), Ryan Spilborghs (analyst), and Tricia Whitaker (sideline reporter). Brian […]
Domino’s Pizza, the world’s largest pizza chain, has entered into a new global agreement with Uber to appear on its food delivery platform. The agreement allows U.S. customers to order Domino’s pizza and wings through the Uber Eats and Postmates apps with delivery by Domino’s own drivers and its franchisees. The initial U.S. rollout of […]
AMD announced plans to invest $400 million in India over the next five years. The planned investment includes a new AMD campus in Bangalore, Karnataka that will serve as the company’s largest design center, as well as the addition of approximately 3,000 new engineering jobs by the end of 2028. The new AMD campus is […]