News about Silicon Valley business almost everyday.
SAN FRANCISCO — Reducto, an ingestion platform for unlocking unstructured data for AI pipelines, has raised a $24.5 million series A round of funding led by Benchmark, alongside existing investors First Round Capital, BoxGroup and Y Combinator. This follows the company’s October 2024 seed round of $8.4 million and brings its total funding to date […]
DoorDash has teamed up with Coco Robotics, a leading food delivery robotics company, in expansion of their partnership to offer sidewalk robot delivery for DoorDash customers in select U.S. markets. This builds on an existing pilot program with Wolt—DoorDash’s international arm—where Coco robots have been making deliveries in Helsinki since earlier this year. The U.S. rollout […]
More than half of tech hiring managers (54%) say their companies are likely to conduct layoffs within the next year, and 45% say employees whose roles can be replaced by AI are most likely to be let go, according to a new study by talent and upskilling leader General Assembly. At the same time, 69% say it’s […]
SAN JOSE — Uniqus Consultech, a global platform that offers consulting solutions in the accounting & reporting, finance operations, governance, risk, ESG, and technology domains, has secured $20 million in Series C funding. The round was led by Nexus Venture Partners, with participation from Sorin Investments. Nexus and Sorin are existing investors in Uniqus. The funds will […]
The Santa Clara County Sheriff’s Department recovered more than 200 bottles of stolen wine and liquor as part of a retail theft and fencing operation in Santa Clara County. Last October, the Sheriff’s Retail Theft Task Force busted a “booze booster” during a blitz operation — which led deputies straight to the fence. >Turns out, […]
SANTA CLARA — Auradine, Inc., a provider of energy-efficient solutions for blockchain and AI infrastructure, has announced closing of an additional $153 million in connection with its Series C funding round. The oversubscribed round was led by StepStone Group and included participation from Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, GSBackers and other […]
SAN FRANCISCO — Kenzo Security has emerged from stealth after 18 months with $4.5 million in funding from The General Partnership and Michael Coates (former CISO of Mozilla and Twitter). Its Agentic AI Security Operations Platform is purpose-built to help CISOs and security teams do more with less while actually reducing risk. Kenzo was founded by Harish Singh […]
SAN FRANCISCO — United Airlines plans to add 20 percent more flight capacity out of San Francisco International Airport (SFO) this year as part of its long-term strategy to re-establish SFO as a global gateway. United is now larger in SFO than it was pre-pandemic, with capacity up six percent since 2019, and 20 percent […]
The San Francisco Police Department says it has made over 500 arrests with assistance from its new Real Time Investigation Center (RTIC). Last year, SFPD launched the RTIC, a growing real-time intelligence hub, where officers use technology including drones, Flock Automated License Plate Readers (ALPR), public safety cameras, LiveView Technologies mobile security units and other […]
The worldwide smartphone market grew 1% year on year in Q1 2025, according to the latest research from Canalys. The modest growth came amid persistent macroeconomic headwinds, cautious consumer sentiment and delayed channel inventory digestion. Samsung took the global lead with a 20% market share, while Apple followed closely with an 18% share. Xiaomi came third […]
SAN FRANCISCO — LightSource Labs Inc., an AI-native enterprise procurement platform, has emerged from stealth and announced $33 million in seed and Series A funding at a $130 million valuation. The round was co-led by Lightspeed Venture Partners and Bain Capital Ventures, with participation from J2 Ventures. The platform is designed to modernize both strategic […]
SAN FRANCISCO — Goodfire, an AI interpretability research company, has landed a $50 million Series A funding round led by Menlo Ventures with participation from Lightspeed Venture Partners, Anthropic, B Capital, Work-Bench, Wing, South Park Commons, and other notable investors. This funding, which comes less than one year after its founding, will support the expansion of […]