News about Silicon Valley business almost everyday.
PALO ALTO — Character.AI has closed a $150 million Series A fundraising round at a $1 billion valuation led by Andreessen Horowitz (a16z) with participation from previous investors, including Nat Friedman (former GitHub CEO), Elad Gil, SV Angel and A Capital. Andreessen Horowitz General Partner Sarah Wang will join Character.AI’s board of directors. The funds […]
SAN FRANCISCO – Manish Lachwani, a former CEO of HeadSpin, pleaded guilty in federal court in San Francisco last week to wire fraud and securities fraud charges in connection with his scheme to dupe potential investors into supporting the technology start-up he founded and led, announced United States Attorney Ismail J. Ramsey and FBI Special […]
SAN JOSE – Dhirendra Prasad, a former buyer for Apple Inc., was sentenced to serve three years in prison and ordered to pay $19,270,683 in restitution for conspiring to defraud Apple of millions of dollars and for related tax crimes, announced United States Attorney Ismail J. Ramsey and Internal Revenue Service-Criminal Investigation (IRS-CI) Special Agent […]
Square has unveiled nearly 100 new features in its spring product release, introducing a bevy of new features across the entire product ecosystem aimed at small businesses. “Square has more than 35 integrated tools, and they’re all designed to help sellers work smarter by automating their operations and creating new revenue streams,” said Alyssa Henry, CEO […]
SANTA CLARA — AMD has introduced high-performance AMD Ryzen Embedded 5000 Series, a new solution for customers requiring power-efficient processors optimized for “always on” networking firewalls, network-attached storage systems and other security applications. The Ryzen Embedded 5000 Series rounds out the “Zen 3”-based AMD embedded processor portfolio which also includes the Ryzen Embedded V3000 and […]
SANTA CLARA – EdgeQ Inc, a provider of 5G wireless infrastructure, has secured a $75 million Series B investment round as well as the appointment of Lattice Semiconductor CEO and President, Jim Anderson, to the company’s Board of Directors. EdgeQ plans to use the funding to ramp production of its award-winning 5G + AI “Base Station-on-a-Chip” to […]
MENLO PARK — Autotech Ventures, an early-stage venture capital firm that focuses on solving the world’s ground transportation challenges with technology, announced the closing of its third fund. The $230 million fund will be used to invest in Seed through Series C rounds for mobility-related startups. Autotech says it has over $500 million under management and has invested […]
SANTA CLARA — Volumez, a cloud infrastructure company, has completed a $20 million Series A financing round led by Koch Disruptive Technologies, with participation from existing investors, Viola Ventures and Pitango. The company’s controller orchestration software harnesses the power of Linux to quickly execute modern data infrastructure workloads using a declarative interface that makes it easy […]
Palo Alto police arrested a Macy’s shoplifting suspect on Tuesday morning after she disregarded commands during a car stop before backing her vehicle into a patrol car, crashing her car after fleeing, and then trying to escape on foot. On Tuesday, April 18, 2023, at about 10:40 a.m., the Palo Alto dispatch center received a […]
Apple has introduced a new savings plan for users of its Apple Card that offers a high-yield of 4.15 percent — a rate that’s more than 10 times the national average. In partnership with Goldman Sachs, the savings plan has no fees, no minimum deposits, and no minimum balance requirements, users can easily set up […]
PALO ALTO – Multiple police agencies in the Bay Area worked together Tuesday night to locate and safely arrest three suspects who committed two armed robberies that occurred within 25 minutes in Palo Alto, and then a third armed robbery in Milpitas later in the evening. No one was physically injured. Police booked all three suspects […]
SAN JOSE — PayPal Holdings has added new features to its complete payments solution for small businesses, including the ability to accept Apple Pay. The solution enables small businesses to accept a range of payments including PayPal, Venmo and PayPal Pay Later products. Giving customers more choice in how they can pay can help drive checkout. Fifty-nine percent of […]