News about Silicon Valley business almost everyday.
SAN FRANCISCO — The EVERY Company (formerly Clara Foods), developer of animal-free protein, has closed $175 million in Series C financing. The round was co-led by new investor, McWin, and existing investor, Rage Capital. Other new and existing investors joined the round including Temasek, Grosvenor’s Wheatsheaf Group, and TO Ventures. Prosus Ventures also contributed to the […]
PALO ALTO — Silicon Valley law firm Wilson Sonsini Goodrich & Rosati has elected 23 new partners from its attorney ranks. The promotions will go into effect on February 1, 2022. For over 60 years, Wilson Sonsini has been a leading provider of legal services for technology startups in Silicon Valley. “Our class of partner-elects […]
NEWARK — Luxury electric car maker Lucid Motors has won the prestigious 2022 MotorTrend Car of the Year award for Lucid Air, the first time in which the first car from a new automotive brand has been awarded the “Golden Calipers.” “Earning this coveted distinction for Lucid Air, our very first car, is a resounding endorsement […]
SANTA CLARA — Americans will have a better chance to find a home in 2022, but will face a competitive seller’s market as first-time buyer demand outmatches the inventory recovery, according to the Realtor.com 2022 Housing Forecast. The median home price is expected to rise 2.9% next year but rents are projected to go up even higher […]
SAN FRANCISCO — Simplified, an AI-powered content creation, and marketing platform that’s looking to take on Canva, announced an $8.5 million seed funding round led by Craft Ventures with participation from Khosla Ventures and Wing Venture Capital. The round also included investors Uncorrelated Ventures, 8-Bit Capital, Mads Johnsen (CPO, Calm), Manik Gupta (Corporate Vice President, Microsoft) Ankur Nagpal (Founder of Teachable, […]
Denny’s, a national chain of restaurants, has formed a partnership with Warner Brothers’ blockbuster The Matrix franchise to offer free delivery now through December 19 on all digital orders placed through Dennys.com and its new Denny’s apps for iOS and Android. During this limited-time promotion, Denny’s Rewards members will be transported into a real-life version of The Matrix where they will experience personalized “glitches” that […]
SANTA CLARA — With a booming market for technology stocks and IPOs, Intel plans to take its Mobileye division public in mid-2022 via an initial public offering (IPO) of newly issued Mobileye stock. The move will unlock the value of Mobileye for Intel shareholders by creating a separate publicly traded company and will build on […]
SAN JOSE — eBay Inc. has named 50 recipients of its second annual Up & Running Grant program, which was created to support small businesses with funding and business development resources. This year’s list of 50 US winners includes sellers from 25 states across motors, electronics, fashion, beauty, collectibles and more. Each will receive $10,000 to re-invest in […]
New Twitter CEO Parag Agrawal took over for Jack Dorsey last week and will be paid a salary of $1 million according to filings with the SEC. He is also eligible for a bonus of up to 150% of his salary and is also getting stock options valued at $12.5 million. Agrawal was formerly Chief […]
SAN DIEGO & LAKE FOREST, CA — Two California fast-food chains are merging. Jack in the Box has agreed to buy Del Taco Restaurants, the nation’s second largest Mexican fast-food chain by number of restaurants, for $12.51 per share in cash in a deal valued at $575 million, including existing debt. Del Taco stock was […]
SAN FRANCISCO — Just one day after Jack Dorsey stepped down as CEO of Twitter, he’s already making big moves at his other company Square. Dorsey has decided to change the name of Square this week to Block. Block will be the new name for the company as Square has expanded beyond its original business […]
Shares in Apple hit another all-time high, climbing $5.06 to close at $165.30. Apple maintains its lead as the most valuable company in the world with a stock market cap of $2.71 trillion. Microsoft shares declined $6.04 to close at $330.59 to remain the second most valuable company with a market cap of $2.48 trillion. […]