News about Silicon Valley business almost everyday.
More than 1,200 Delta mainline and Delta Connection flights have been canceled Friday due to a vendor technology issue impacting airlines and companies around the world. Additional delays and cancellations are expected Friday and potentially through the weekend. Some flights have resumed today. Delta is working to make it right for customers, starting with these […]
SAN FRANCISCO — Marathon Fusion, a startup developing fuel processing technology for the fusion industry, has closed a $5.3 million seed round led by 1517 Fund and Anglo American, with participation from Übermorgen Ventures, Shared Future Fund, Malcolm Handley and other leading investors. Alongside a CREATE award from the Department of Energy’s ARPA-E, these investments bring Marathon Fusion’s total […]
MENLO PARK — Antheia, the pharmaceutical ingredient manufacturer transforming essential medicine supply chains, announced $17 million in new funding via a government project agreement through the Biopharmaceutical Manufacturing Preparedness Consortium (BioMaP-Consortium), alongside matching support from new strategic investors. The combined funding will support onshoring the production of critical pharmaceutical ingredients to the U.S. and accelerating […]
CrowdStrike, now a global name for all the wrong reasons, saw its share price plunge Friday after a software outage caused bedlam to airlines and computer systems worldwide. Based in Austin, TX, CrowdStrike released the following info on its company website: CrowdStrike is actively working with customers impacted by a defect found in a single […]
PALO ALTO — Endor Labs, a provider of software supply chain security, has received a strategic investment from Citi Ventures. The amount invested was not disclosed and comes less than a year after the company received $70 million in oversubscribed Series A financing from Lightspeed Venture Partners (LSVP), Coatue, Dell Technologies Capital, Section 32 and more […]
PLEASANTON — Tekion, developer of the first cloud-native platform serving the entire automotive retail ecosystem, has secured $200 million in growth equity capital from Dragoneer Investment Group. This financing round sets Tekion’s valuation above $4 billion. Tekion plans to invest the capital to expand its product offering for dealer partners and OEMs, accelerate implementation timelines, […]
SAN FRANCISCO — Aven, a technology company offering consumer credit cards backed by home equity, has landed a $142 million series D round of funding led by Khosla Ventures and General Catalyst, with participation from existing investors including Caffeinated Capital, Electric Capital, Founders Fund, and The General Partnership. Aven was founded in 2019 by Sadi […]
The San Francisco Peninsula – the region’s Travel & Tourism Board – will host California’s 2024 MICHELIN Guide Ceremony in Half Moon Bay on Monday, August 5, at The Ritz-Carlton. The annual MICHELIN Guide selection of California restaurants will be announced and celebrated at the event, with accomplished chefs from across the state in attendance, along with global media. “We are deeply honored […]
SANTA CLARA — Silicon Valley has the highest rents in the nation of any metro area according to Realtor.com at $3,363 for the month of June. Rents nationally fell again in June, with especially large declines in the South, where there’s been an influx of new rental units, according to the Realtor.com Rental Report released today. The […]
PACIFICA, CA – The City of Pacifica is bringing back their popular Pacifica Workation promotion that encourages remote workers to escape the confines of their home office by taking a “workation” in one of Pacifica’s many beautiful, beach-front hotels. Pacifica Workation Promotion Details for Hotel Guests ● All visitors will receive a $25 citywide Shop […]
NEW HYDE PARK, NY — Northwell Health, New York’s largest health system, is teaming up with Instacart, the nation’s leading grocery delivery service. The partnership is through the Instacart Health initiative that uses Instacart’s platform and products to expand access to nutritious food, inspire sustainable healthy choices, and scale food as health programs to reach […]
SAN FRANCISCO — Planet Labs PBC, a provider of daily data and insights about Earth, announced former YouTube CEO Susan Wojcicki has been appointed to Planet’s Board of Directors. With over two decades of leadership experience in the technology industry helping to scale disruptive companies, Planet believes Ms. Wojcicki is uniquely positioned to support the […]