News about Silicon Valley business almost everyday.
OAKLAND — Roofstock, an online platform for single-family rental (SFR) investing, has closed a $240 million Series E equity financing round, bringing the company’s valuation to $1.94 billion. SoftBank Vision Fund 2 led the financing with participation from existing and new investors including Khosla Ventures, Lightspeed Venture Partners, Bain Capital Ventures, Canvas Ventures, Citi Ventures, First American Financial, Expanding […]
Y Combinator, Silicon Valley’s premier accelerator program, is now accepting applications from startups for the Summer 2022 funding cycle. It will take place from June–August 2022. The batch will be remote with optional in-person components depending on the pandemic. Startups that are accepted can receive up to $500,000 in investment from Y Combinator in exchange for a […]
Palo Alto police are investigating an incident from Monday morning where two suspects stole a cell phone from a victim’s hand as they ran past her on a sidewalk, then jumped into a getaway car and fled. The victim was not physically injured. The suspects are unknown and at large. On Monday, March 14, 2022, […]
MOUNTAIN VIEW — Cybersecurity company SentinelOne has agreed to acquire Attivo Networks, a leading identity security and lateral movement protection company based in Fremont. SentinelOne will acquire Attivo Networks in a cash and stock transaction valued at $616.5 million. The acquisition is expected to close in SentinelOne’s upcoming fiscal second quarter. With this deal, SentinelOne […]
Cupertino, home of Apple Inc, was named the No.1 city in the U.S. with the most educated population according to Dwellics, a resource for city data and personalized advice. Silicon Valley held four of the top six most educated cities on Dwellics’ 2022 list of the Top 100: Most Educated Cities in America 2022. Dwellics […]
SAN FRANCISCO — Venture capital firm Makers Fund has closed a $500 million fund to invest in founders who are evolving and innovating the gaming ecosystem. The fund is Makers Fund’s third and largest, after a $200 million fund raised in 2017, and a $260 million fund in 2020. “The Makers Fund approach is to […]
You can now use Google’s dominant search engine to locate cars for sale near you. Just enter a car brand and model and you will see corresponding vehicles for sale in your area right at the top of Google search results. Google says 89% of new car buyers researched their new vehicle online. And shoppers […]
SANTA CLARA – Intel announced plans to invest as much as 80 billion euros in the European Union over the next decade along the entire semiconductor value chain – from research and development (R&D) to manufacturing to state-of-the art packaging technologies. [Photo above: Rendering of a new Intel chip plant to be built in Germany […]
PALO ALTO — JIFFY.ai, an app-based low-code/no-code intelligent automation platform, has raised $53 million as part of its Series B funding round. Eight Roads Ventures, a leading global investment firm backed by Fidelity, led this investment round, which included participation from venture firms Iron Pillar, R-Squared, and existing investors Nexus Venture Partners, Reaction Capital and […]
Alto, a luxury ride sharing service, has made its official launch in Silicon Valley. This is the company’s sixth market launch since its founding in 2018. Alto offers a premium service with its own branded SUVs and drivers are not contractors like Uber or Lyft, but employees of the company. According to the company’s service […]
With gas prices soaring over the past month, Uber has begun charging a new gas fee for customers that will go directly to drivers. Starting last Wednesday, Uber customers are now paying a surcharge of either $0.45 or $0.55 on each Uber trip and either $0.35 or $0.45 on each Uber Eats order, depending on […]
MOUNTAIN VIEW — DNAnexus, Inc., a leading provider of cloud-based biomedical data analysis software serving the life sciences community, has secured a $200 million financing round to accelerate the global adoption of its technology, translating the world’s complex multi-omics and clinical data into tangible insights and personalized treatments. The round was led by funds managed by Blackstone […]