Venture Funding

Intuitive Surgical to Launch $100 Million Venture Fund

SUNNYVALE — Intuitive, a company known for its robotic-assisted surgery devices, is joining the venture capital bandwagon with the launch of Intuitive Ventures. The inaugural $100 million fund will invest in U.S. and international startups that will be the future of minimally invasive care. Intuitive Ventures is focused on investment opportunities in digital tools, precision diagnostics, […]

Venture Funding

SKAEL Scores $4.1 Million Seed Funding

SAN FRANCISCO — SKAEL, a San Francisco-based technology company offering an automation platform for creating and deploying digital employees, has secured $4.1 million in a Seed funding round. Firms including Bonfire Ventures, Daher Capital, Backend Capital, RIDE Ventures, StratMinds VC, Buffalo Ventures and others participated in this round. “In a very short timeline SKAEL has built a technology […]

Venture Funding

Eightfold AI Locks In $125 Million Series D

MOUNTAIN VIEW — Eightfold AI has raised a $125 million Series D funding round. The funds will be used to expand and scale Eightfold’s AI-powered Talent Intelligence Platform, a single solution for managing the entire talent lifecycle. Using a single platform to address this critical area stands in direct contrast to the disjointed point solutions commonly found […]

Venture Funding

Newfront Insurance Lands $100 Million

SAN FRANCISCO — Newfront, which operates a technology-driven insurance brokerage, has raised over $100 million in funding, valuing the company at $500 million. The company’s lead investors are Founders Fund and Meritech Capital. The company plans to use these funds to invest in its platform and expand the service. “We are fortunate to have built […]

AMD News

AMD Buying Xilinx for $35 Billion in Stock

SANTA CLARA — AMD announced a blockbuster deal to acquire San Jose’s Xilinx in an all-stock transaction valued at $35 billion. The merger will expand the breadth of AMD’s product portfolio and customer set across diverse growth markets where Xilinx is an established leader. Xilinx stock rose 8.5% on the deal news to close at […]

Google

NOAA Teams Up With Google to Improve Weather Forecasting

WASHINGTON, DC — The National Oceanic and Atmospheric Administration’s (NOAA) Satellite and Information Service (NESDIS) has signed an agreement with Google to explore the benefits of Artificial Intelligence (AI) and Machine Learning (ML) for enhancing NOAA’s use of satellite and environmental data. Under this three-year Other Transaction Authority (OTA) agreement, NESDIS and Google will pilot […]

News

Federation Bio Launches With $50 Million Series A

SOUTH SAN FRANCISCO — Federation Bio, a microbial therapeutics company targeting diseases in which the human microbiome can play a curative role, has closed a $50 million Series A financing and expanded its leadership team with a new CEO. Federation Bio is pioneering new approaches for treating intractable diseases by combining an unprecedented number of […]

News

Prime to Develop New Data Center in Santa Clara

SANTA CLARA — Prime Data Centers, a wholesale data center real estate developer, announced it will build a four-story, 121,000-square-foot data center in the heart of Silicon Valley. Located at 1111 Comstock Street in Santa Clara, Prime will begin construction within the next 60 days and will be ready to accept tenants in late 2021. This carrier-neutral […]

Venture Funding

Sanity Abuzz With $9.3 Million Series A

SAN FRANCISCO — Sanity.io, which operates a developer-focused content platform, has raised $9.3 million in Series A funding to expand its platform and build out its developer community. The A round was led by Threshold Ventures and brings Sanity’s total funding to $12.8 million. Josh Stein, managing partner at Threshold Ventures and Jesse Robbins, partner […]

Venture Funding

FOSSA Closes $23.2 Million Series B

SAN FRANCISCO — FOSSA, an open source management company, has closed a $23.2 million Series B funding round from Bain Capital Ventures, Canvas Ventures and Costanoa Ventures, bringing its total amount of funding to $35 million. The company also announced the launch of FOSSA Security Management and continued expansion into Europe, the Middle East and Africa. “Since our last round […]

News

DoorDash Launches Corporate Service

DoorDash, the nation’s leading food delivery service, announced a new program for businesses called DoorDash for Work, which allows organizations to offer their workforce meal benefits and food perks through DoorDash.  DoorDash for Work serves all work meal occasions for remote employees and employees who have transitioned back into the office. Meal options extend across […]

Venture Funding

Redaptive Lights Up With $156.5 Million Investment

SAN FRANCISCO — Redaptive, which assists commercial and industrial customers in using less energy, has closed $156.5 million in funding led by CarVal Investors. Existing investors CBRE, Engie New Ventures, Evergy Ventures and Linse Capital also invested in the company alongside CarVal. Redaptive will use this new capital to expand its energy efficiency offerings to meet growing demand from customers. Redaptive helps companies use […]

Venture Funding

Avail Medsystems Reels In $100 Million Series B

PALO ALTO — Avail Medsystems, the medical technology company pioneering telemedicine for the procedure room (“Procedural Telemedicine”),has raised $100 million in Series B funding led by D1 Capital Partners, with participation from 8VC and existing investors. Avail previously raised $25 million in Series A and Series A-1 funding from investors including Lux Capital, Coatue, Sonder […]

Venture Funding

Braintrust Scoops Up $18 Million

SAN FRANCISCO — Braintrust, which operates a global network of highly-skilled technical and design talent, announced a $18 million growth ound, just three months after emerging from stealth in June. The company, which attained profitability on its Seed Round, has doubled its financial projections from early in the year, and seen 45-70% month-over-month growth since its public […]

Venture Funding

Pacaso Launches With $267 Million in Funding

SAN FRANCISCO — Pacaso, a new service that provides fractional ownership of a second home, has launched this week. Pacaso’s chairman is Zillow co-founder and former CEO Spencer Rascoff; its CEO is dotloop founder and former Zillow executive Austin Allison. Pacaso has raised $17 million in Series A funding, with Maveron leading the round and additional investment from […]

Venture Funding

Coralogix Nabs $25 Million

SAN FRANCISCO — Coralogix has raised a $25 million Series B funding round, bringing the company’s total amount raised to $41.2 million. New investors Red Dot Capital Partners and O.G. Tech Ventures co-led the round with participation from existing investors Aleph VC, StageOne Ventures, Janvest Capital Partners, and 2B Angels. Barak Salomon of Red Dot Capital partners and Roy Oron of O.G. Tech […]

Venture Funding

AppDirect Secures $185 Million

SAN FRANCISCO — AppDirect, which operates a subscription commerce platform, has secured investments of $185 million from global institutional investor Caisse de dépôt et placement du Québec (CDPQ) and existing investors. AppDirect has now raised $465 million to date. Since its funding round in 2015, AppDirect has experienced tremendous growth across all indicators – increasing […]

Venture Funding

Tonal Works Out With $110 Million in New Capital

SAN FRANCISCO — Tonal, which develops a strength and personal training platform that combines proprietary digital weight, artificial intelligence, and expert-led coaching, has announced $110 million in new capital. The round is funded by returning investor L Catterton, the largest and most global consumer-focused private equity firm, as well as returning investors Sapphire Sport, Shasta […]

Apple

Apple to Begin Selling Watch SE

CUPERTINO — Apple has begun selling the Apple Watch SE, which providdes essential features of the Apple Watch into a modern design at a more affordable price starting at $279 and $329 for a cellular version. The Retina display on the SE allows customers to easily see more details and the information that matters most, […]

Venture Funding

Veem is Victorious With $31 Million Round

SAN FRANCISCO — Veem, a global payments network built for businesses, has announced the closing of a $31 million funding round, led by newly launched Truist Ventures, the corporate venture capital division of Truist Financial Corporation — the 6th largest commercial bank in the U.S. This investment will help develop a channel partner program that will […]