News about Silicon Valley business almost everyday.
BERKELEY — Rigetti Computing, a pioneer in full-stack quantum-classical computing, has signed a Memorandum of Understanding (MOU) with the Centre for Development of Advanced Computing (C-DAC), India’s premier R&D organization of the Ministry of Electronics and Information Technology. Through this MOU, Rigetti and C-DAC will explore the co-development of hybrid quantum computing systems to support […]
SAN FRANCISCO — Opendoor Technologies Inc. (Nasdaq: OPEN) today announced that Kaz Nejatian, Chief Operating Officer of Shopify, has been appointed Chief Executive Officer and member of the Board of Directors. Co-Founders Keith Rabois and Eric Wu are returning to the Board of Directors, with Rabois taking on the role of Chairman. Opendoor has been […]
SANTA CRUZ – Joby Aviation, a company developing electric air taxis for commercial passenger service, and Uber Technologies, the largest rideshare and delivery platform in the world, announced plans to bring Blade’s air mobility services to the Uber app as soon as next year, following Joby’s recent acquisition of Blade’s passenger business. In 2024, Blade flew […]
FOSTER CITY — Replit, an agentic AI software creation platform, announced a $250 million round, valuing the company at $3 billion, an almost 3x valuation increase since its last raise in 2023. The funding comes on the heels of Replit growing annualized revenue from $2.8 million to $150 million in less than a year, a more than 50x increase, driven by […]
SAN FRANCISCO — Aven, a pioneer in home equity–backed credit cards, today announced a $110 million Series E financing at a $2.2 billion post-money valuation — more than double its valuation from a year ago. The round was led by Khosla Ventures, with participation from existing investors General Catalyst, Caffeinated Capital, GIC, Electric Capital, and […]
MENLO PARK — Octave Bioscience, Inc., a commercial stage precision care company that is pioneering a new standard for managing multiple sclerosis (MS) and other neurodegenerative diseases, announces the close of its $35.6 million Series C equity financing and that it has entered into a $15.5 million non-dilutive term loan agreement with Silicon Valley Bank […]
CUPERTINO — Apple has introduced Apple Watch Ultra 3 — the most advanced Apple Watch — delivering expanded health, fitness, safety, and connectivity features, and seamlessly shifting between a powerful sports watch, an elegant smartwatch, and a comprehensive health companion. Designed to keep users more connected and safer wherever they are with built-in satellite communications, Apple Watch Ultra […]
CUPERTINO — Apple will soon be selling AirPods Pro 3, taking the most popular headphones in the world to an entirely new level. AirPods Pro 3 deliver unbelievable sound quality and the world’s best in-ear Active Noise Cancellation (ANC) — removing up to 2x more noise than the previous-generation AirPods Pro, and 4x more than […]
CUPERTINO — Apple has debuted the all-new iPhone Air, the thinnest iPhone ever made, with pro performance. iPhone Air features a breakthrough titanium design that is elegant and light yet strong, with an innovative internal architecture that enables the latest iPhone experiences. The back of iPhone Air is now protected with Ceramic Shield, and the […]
CUPERTINO — Apple has introduced iPhone 17, featuring the new Center Stage front camera; a powerful 48MP Fusion Main camera with an optical-quality 2x Telephoto; and a new 48MP Fusion Ultra Wide camera that captures expansive scenes and macro photography in more detail. The 6.3-inch Super Retina XDR display with ProMotion is bigger and brighter, […]
SAN FRANCISCO — Baseten, the company powering inference for the world’s fastest-growing AI products, has secured a $150 million Series D fundraise at a $2.15 billion valuation. The round was led by BOND, with participation from new investors CapitalG, Premji, and Kevin and Elizabeth Weil of Scribble. Existing investors Conviction, 01a, IVP, Spark, and Greylock […]
SAN FRANCISCO — Databricks, the Data and AI company, announced it has crossed a $4 billion revenue run-rate during Q2, growing >50% year over year. Databricks said its AI products also recently crossed a $1 billion revenue run-rate. The company has raised $1 billion in new capital in a Series K funding round. This investment values the […]