News about Silicon Valley business almost everyday.
PALO ALTO – PsiQuantum has introduced Omega, a quantum photonic chipset purpose-built for utility-scale quantum computing. Featured in a newly published paper in Nature, the chipset contains all the advanced components required to build million-qubit-scale quantum computers and deliver on the profoundly world-changing promise of this technology. Every photonic component is demonstrated with beyond-state-of-the-art performance. The […]
SAN FRANCISCO – San Francisco District Attorney Brooke Jenkins announced significant criminal charges against eleven defendants in three separate criminal cases involving large-scale welfare and benefits fraud. The total loss amount across all three cases is alleged to be in excess of $4 million. “I would like to thank the US Department of Agriculture, Office of […]
Realtor.com, a provider of online real estate services and subsidiary of News Corp, has moved its corporate headquarters to Austin, TX from Santa Clara. With the move, the company has made Austin its top hiring location and has committed to the long-term growth of its team and office footprint in Texas. Over the last few years, Realtor.com has invested in its Austin location […]
SAN FRANCISCO — Regie.ai, which operates a sales platform, has raised a $30 million Series B round co-led by Scale Venture Partners and Foundation Capital, with participation from Khosla Ventures, StepStone Group, TriplePoint Capital, and South Park Commons. With reported 300% Year-over-Year ARR growth, Regie.ai makes sales engagement more efficient for B2B enterprise sales teams. The […]
SAN FRANCISCO — Metronome, a usage-based billing platform, has landed $50 million in Series C funding following an 8x increase in dollars billed on the platform in 2024. Metronome now powers billing for 150 million + end users, processing billions in usage-based revenue. OpenAI, Anthropic, Databricks, Confluent, and NVIDIA rely on Metronome as their growth […]
PALO ALTO — Mimic, an enterprise ransomware defense company, has secured Series A funding of $50 million led by GV (Google Ventures) and Menlo Ventures, with participation from existing investors Ballistic Ventures, Team8, Wing Ventures, and Shield Capital. “The speed of ransomware attacks—often within 90 seconds—leave security teams with no time to respond. Mimic’s SaaS platform […]
SAN JOSE — Cisco has expanded its partnership with NVIDIA to provide AI technology solutions to enterprises. Enterprises recognize that AI is essential to growth but remain early in their adoption as they navigate the unique technical complexity and security demands of operating AI-ready data centers. The expanded partnership aims to give organizations flexibility and choice […]
SAN FRANCISCO — Loyal, a clinical-stage animal health company developing longevity drugs for dogs, announced that the FDA’s Center for Veterinary Medicine has accepted the Reasonable Expectation of Effectiveness (RXE) section of its conditional approval application for LOY-002. The drug aims to extend the lifespan of senior dogs and maintain their quality of life as […]
On February 13, 2025, San José Police Department Reserve Officers responded to a report of an in-progress theft at a Target store located in the 2100 block of Monterey Road. The adult male suspect was apprehended and arrested upon exiting the store with unpaid items. The SJPD Organized Retail Theft Detail, in collaboration with Target’s […]
The D. E. Shaw group, a global investment and technology development firm, has opened an office in San Francisco, expanding its presence in the Bay Area. The new office is located in the city’s Financial District and complements the firm’s existing location in Silicon Valley on Sand Hill Road, which opened in 2005. “We’ve spent […]
NVIDIA today reported record revenue for the fourth quarter ended January 26, 2025, of $39.3 billion, up 12% from the previous quarter and up 78% from a year ago. For the quarter, GAAP earnings per diluted share was $0.89, up 14% from the previous quarter and up 82% from a year ago. Non-GAAP earnings per […]
MILPITAS — Sandisk Corporation, a global Flash and advanced memory technology innovator, has completed its separation from Western Digital and is now an independent public company that began trading Monday on the Nasdaq Stock Market under the ticker symbol “SNDK.” The company’s leadership team with long-time employees and Board members rang the closing bell at […]