New Products News

Fitibit Launches New Sense Smartwatch

SAN FRANCISCO — Fitbit has unveiled Fitbit Sense, which the wearables company says is its most advanced health smartwatch, bringing new sensor and software technology with the world’s first electrodermal activity (EDA) sensor on a smartwatch to help manage stress, along with advanced heart rate tracking technology. Paired with a free six-month trial of Fitbit Premium, […]

Venture Funding

Finix Extends Series B Round to $75 Million

SAN FRANCISCO –– Finix, a payments infrastructure company, has raised additional funding for a total of $75 million in its Series B round to help Software-as-a-Service (SaaS) providers and fintech companies build better payments experiences for their merchants. This latest financing is an extension of Finix’s $45 million Series B round announced in March 2020 and comes on the […]

Venture Funding

Freenome Closes $270 Million Series C

SOUTH SAN FRANCISCO — Freenome, a privately held biotechnology company that has pioneered a comprehensive multiomics platform for early cancer detection with a routine blood draw, has closed on an oversubscribed $270 million Series C financing, bringing the company’s total financing to over $500 million since the company’s launch. The new money will be used […]

Venture Funding

Motiv Power Turns On $15 Million Round

FOSTER CITY — Motiv Power Systems, a company delivering all-electric chassis with a software platform for the electrification of medium-duty trucks and buses, has secured $15 million of additional funding from GMAG Holdings Corp. The funding will be made by means of convertible notes that are expected to be converted into a Series C funding […]

Venture Funding

SupportLogic Reels In $12 Million

SAN JOSE — SupportLogic, which has developed an intelligent support platform for customer support/success teams, announced that it has raised $12 million of seed and series A funding, led by Sorenson Ventures. This latest series A round will help the company drive its market expansion and fuel customer acquisition efforts. SupportLogic was founded in 2016 […]

Venture Funding

Hint Gives Clue About $25 Million Round

SAN FRANCISCO — Hint, Inc., a maker of still flavored water, has closed $25 million Series D financing, led by Springboard Growth Capital (SGC), an investment partnership focused on providing women founders with the capital to build market-leading consumer brands. Also joining the round are Philippe Laffont, Linnea Roberts’ Gingerbread Capital and Emiliano Román’s Medina […]

Venture Funding

Hiretual Snags $13 Million Series B

MOUNTAIN VIEW — Hiretual, a developer of AI-powered recruitment software,  has raised $13 million in Series B financing led by Oceanpine Capital, bringing its total funding to $23 million. Launched in 2015, Hiretual says it is the pioneer of AI-driven talent sourcing with over 100,000 recruiters using its platform. By turning the open web into […]

Venture Funding

Aerin Medical Closes $48 Million Financing

SUNNYVALE —  Aerin Medical, a privately held medical device company focused on non-invasive procedures for treating nasal airway conditions, announced the closing of a $48 million equity financing.  New investor Questa Capital led the round with participation by OrbiMed and existing investor KCK Group. Proceeds from the financing will be used to accelerate commercial growth, […]

Venture Funding

Gong Bangs Out $200 Million Round

SAN FRANCISCO — Gong, which has built an artificial intelligence platform to boost company sales teams, announced it raised $200 million in a Series D funding bringing the company’s valuation to $2.2 billion. The new investment follows Gong’s $65 million Series C funding announced in December 2019. The latest funding was led by Coatue and joined by Index Ventures, Salesforce Ventures […]

Venture Funding

PayActiv Secures $100 Million

SAN JOSE — PayActiv, Inc., operator of an employer-sponsored earned wage access and holistic financial wellness platform, says it has secured $100 million of funding. The Series C round was led by Eldridge and includes existing PayActiv shareholders Generation Partners and the Ziegler Link•Age Fund II. PayActiv has also structured an expandable variable funding facility (“VF Facility”) […]

Apple News

AMD Radeon Pro 5000 Chips to Power iMac Graphics

Chip maker AMD announced its new AMD Radeon Pro 5000 series Graphic Processing Units (GPU) will be available in the newly updated 27-inch iMac from Apple. The new GPUs power a wide variety of graphically intensive applications and workloads, unleashing creativity and productivity for consumer and professional users alike. The new AMD Radeon Pro 5000 […]

News

Doordash Launches Online Convenience Store

Delivery service Doordash is launching DashMart in eight cities across the U.S. — including Redwood City serving Silicon Valley. Dashmart is an online convenience store where customers can order household essentials and local restaurant favorites delivered right to their doorsteps within 30 minutes using Doordash’s vast network of drivers. Dashmart will offer thousands of convenience, […]

Venture Funding

Lemonaid Health Squeezes $33 Million Series B

SAN FRANCISCO — Lemonaid Health, which operates an on-demand platform for accessing healthcare online, has raised a $33 million Series B round of funding, bringing total financing to $55 million to date. The oversubscribed round was led by Olive Tree Ventures with participation from Artis Ventures, Correlation Ventures, Hikma Ventures, Sierra Ventures and others. With […]

Apple News

Apple Updates iMac Lineup

CUPERTINO  — Apple announced a major update to its 27-inch iMac desktop computer. The new 27-inch iMac features faster Intel processors up to 10 cores, double the memory capacity, next-generation AMD graphics, superfast SSDs across the line with four times the storage capacity, a new nano-texture glass option for an even more stunning Retina 5K […]

Google News

Google to Invest $450 Million in ADT

MOUNTAIN VIEW and BOCA RATON, FL —  Google is teaming up with ADT, one of the nation’s leading providers of security and smart home solutions. Google plans to invest $450 million to acquire 6.6% ownership in ADT, The partnership will combine Google’s Nest security hardware and services, powered by Google’s machine learning technology, with ADT’s […]

Venture Funding

Explorium Discovers $31 Million Funding

SAN MATEO — Explorium has secured an additional $31 million in funding for its data science platform powered by automated data discovery. The Series B funding round was led by existing investor Zeev Ventures and joined by ex-Twitter leadership’s 01 Advisors and Sir Ronald Cohen’s Dynamic Loop, with the participation of seed investors Emerge and F2 Capital. It brings Explorium’s total funding to $50 million. “The greatest analytical […]

Venture Funding

Tempo Speeds Up With $60 Million Round

SAN FRANCISCO — Tempo — which is developing a home fitness system that uses 3D sensors and A.I. — announced $60 million in Series B funding. The round was led by Norwest Venture Partners and General Catalyst, along with return investors DCM, Bling Capital, SignalFire, Founders Fund, and Y Combinator. Tempo also announced a strategic […]

Venture Funding

Eargo Lands $71 Million Series E

SAN JOSE — Eargo, a medical device company focused on hearing loss, has closed a $71 million equity financing, led by new co-investors Gilde Healthcare and Longitude Capital, with existing investors New Enterprise Associates (NEA), the Charles and Helen Schwab Foundation, and Nan Fung Life Sciences, also participating in the round. Geoff Pardo of Gilde Healthcare and […]

News

Clorox Names New CEO

OAKLAND — The Clorox Company, maker of cleaning products, has promoted its President to become the new CEO, effective Sept. 14, 2020. Linda Rendle, a 17-year veteran of the company, will be promoted to chief executive officer and elected to the company’s board of directors. Benno Dorer will continue serving as the board’s executive chair. Dorer, 56, […]

Venture Funding

Geltor Secures $91.3 Million

SAN LEANDRO — Geltor announced the closing of a $91.3 million Series B financing that will fuel the global expansion of its Ingredients-as-a-Service platform. The funding round aims to meet accelerating demand from global consumer packaged good (CPG) companies for sustainable, functional, and 100% animal-free ingredients. The round was led by future protein pioneer CPT Capital (London, […]

Venture Funding

OpenSpace Raises $15.9 Million Series B

SAN FRANCISCO — OpenSpace, a developer of automated 360° photo documentation and analysis, has announced a $15.9 million Series B funding round, led by Menlo Ventures. The funding will be used to meet the rapidly-growing demand for OpenSpace’s remote construction technology and ClearSight analytics platform. Additional participants in the round include Nine Four Ventures and Taronga Group, as […]