News about Silicon Valley business almost everyday.
SANTA CLARA — Aurascape, a provider of AI-native security, has emerged from one year of stealth operations with $50 million in funding. Lead investors include Mayfield Fund and Menlo Ventures, along with a strategic set of investors such as Celesta Capital, security industry leaders, including former Palo Alto Networks CEO Mark McLaughlin, former Symantec CEO Greg Clark, the Chairman of Walden International Lip-Bu Tan, […]
SAN FRANCISCO — Groundcover, an eBPF-driven observability platform for modern architectures, has raised $35 Million in Series B funding led by Zeev Ventures with follow-up participation from Angular Ventures, Heavybit, and Jibe Ventures. This brings the company’s total funding to $60 Million USD, which will be used to aggressively expand in the USA, where it has seen success […]
MOUNTAIN VIEW — Nuro, Inc., a developer of autonomous driving technology, has raised $106 million so far in its ongoing Series E funding round, which values the company at $6 billion. The round includes participation from new and returning investors, as well as strategic partners. Investors include funds and accounts advised by T. Rowe Price Associates, Inc., Fidelity Management […]
PALO ALTO — NEC X, the Silicon Valley venture studio backed by Japan’s NEC Corporation, has announced a strategic investment in SeafoodAI, an innovative startup revolutionizing sustainable seafood with real-time biometric data and AI-powered traceability. The announcement coincides with SeafoodAI’s graduation from NEC X’s Elev X! Ignite program. The amount invested was not disclosed. SeafoodAI addresses […]
SAN JOSE — PayPal has been transforming checkout to make paying with PayPal fast, easy, and even more rewarding both online and in-store. Now, PayPal, one of the most ubiquitous leaders in checkout, is further enhancing the experience and giving customers broad choice and flexibility with added features for users to pay now or pay later. […]
SAN FRANCISCO — Plaid, a data network that connects banks and apps, has raised $575 million led by mutual fund managers Franklin Templeton and Fidelity Management and Research. Other participants in the round include existing Plaid investors NEA and Ribbit Capital. The company says proceeds of this round will be used to address employee tax […]
MILPITAS — Amazfit, a smart wearable brand owned by Zepp Health, has announced the launch of the Amazfit Bip 6 smartwatch. Featuring a 1.97-inch AMOLED display, advanced health and heart rate monitoring, AI-powered fitness programs, offline navigation, and comprehensive sleep tracking, the Bip 6 is designed to support everyday fitness enthusiasts at each stage of […]
Palo Alto police are investigating an attempted robbery case that occurred last Monday night, where a suspect armed with a handgun unsuccessfully attempted to rob two men. The victims were not physically injured and the suspect is at large. On Monday, March 31, 2025, at about 11:30 p.m., the Palo Alto 24-hour dispatch center received […]
SUNNYVALE — Plug and Play, a startup innovation platform that accelerates over 2,500 startups annually, has announced its first Silicon Valley batch of 2025, welcoming over 150 startups into the program. Selected from a highly competitive pool, these startups represent some of the most promising innovations across 15 industry-focused programs, addressing challenges in areas such […]
SAN FRANCISCO — Octane has secured $6.75 million in a Seed funding round co-led by Archetype and Winklevoss Capital. The round also included participation from Gemini, Circle, Legion Capital, Druid Ventures, Duke Capital Partners and strategic angels including Balaji Srinivasan, Sina Habibian, and many others. Octane is an AI cybersecurity startup using machine learning to identify and fix vulnerabilities in blockchain […]
SAN FRANCISCO — Rescale, a digital engineering platform built for the future of innovation and scientific discovery, has secred a $115 million Series D with participation from Applied Ventures, Atika Capital, Foxconn, Hanwha Asset Management Deeptech Venture Fund, Hitachi Ventures, NEC Orchestrating Future Fund, NVIDIA, Prosperity7, SineWave Ventures, Translink Capital, University of Michigan, and Y Combinator bringing total funding raised […]
The stock market continued to tumble Monday following President Trump’s tariff war with the rest of the world. Apple shares were down 5% Monday as China has been hit hard with tariffs and has responded with its own tariffs. Most of Apple’s products are made in China. NVIDIA actually saw its shares go up slightly […]