News about Silicon Valley business almost everyday.
MENLO PARK — The law firm of Freshfields Bruckhaus Deringer LLP has officially opened a new 40,000-square-foot office at 855 Main in downtown Redwood City. As anchor tenant, the firm occupies the top two floors of the new building. Additionally, the building and lobby are adorned with Freshfields signage. “We are delighted to be in […]
SAN FRANCISCO — Kruze Consulting, a CPA and finance consulting company for VC-backed startups, has released new data on the average salary for startup CEOs. 2022 is becoming a record year for startup CEO salaries – averaging $150,000 per year, up from the 2021 average of $146,000, and an increase of 8% since the pandemic […]
Shares in Tesla Motors, the leading electric-car manufacturer, tumbled Friday after reports that CEO Elon Musk wants to reduce jobs at the company by 10% to reduce costs. Tesla builds most of its vehicles at its massive 5.3 million square-foot plant in Fremont. The plant employs about 22,000 people. According to a report by Reuters, […]
SANTA CLARA — Housing inventory in the U.S. recorded the first year-over-year increase since June 2019, according to the Realtor.com Monthly Housing Trends Report released today. The median national home price also soared to an all-time high of $447,000 and buyers snatched up listings a week faster than last year. “Among key factors fueling the inventory comeback are […]
SAN JOSE and PALO ALTO — Broadcom Inc., a company that designs, develops and supplies semiconductor and infrastructure software solutions, has agreed to buy VMware in a cash-and-stock transaction that values VMware at approximately $61 billion, based on the closing price of Broadcom common stock on May 25, 2022. In addition, Broadcom will assume $8 billion of VMware net debt. VMware, a […]
Walmart, the nation’s largest retailer, is expanding delivery with DroneUp, a Virginia Beach based company specializing in drone technology. Walmart plans to expand its DroneUp delivery network to 34 sites by the end the year, providing the potential to reach 4 million U.S. households across six states – Arizona, Arkansas, Florida, Texas, Utah and Virginia. […]
SANTA MONICA — Uber is partnering with Motional, a developer of driverless technology, in the launch of autonomous food deliveries for Uber Eats customers in Santa Monica. Motional’s all-electric Hyundai IONIQ 5 vehicles, operating autonomously, are now conducting end-to-end food deliveries. While Uber Eats drivers usually deliver food right to the door, customers using Motional […]
On May 19, the San José Police Department’s Covert Response Unit (CRU) and MERGE Unit took Bryan Velasquez into custody without incident and he has been charged with felony stalking. Several firearms, including two AR pattern assault rifles, high capacity magazines, hundreds of rounds of ammunition, tactical body armor, and materials to manufacture and assemble […]
SAN FRANCISCO — Bravado, a professional network for B2B sales, has raised $26 million in Series B funding led by Tiger Global. The round included community participation from 250 Chief Revenue Officers and VPs of Sales, along with angel investors like Zynga founder Mark Pincus, Lenny Rachitsky and the Airbnb alumni syndicate, Packy McCormick, and Sahil Bloom. Existing investors Redpoint […]
Google Maps is launching new immersive view for major cities including Los Angeles, London, New York and San Francisco later this year. Advances in computer vision and AI allow Google to fuse together billions of Street View and aerial images to create a rich, digital model of the world. With the new immersive view, you’ll […]
MENLO PARK — San Francisco-based DivcoWest is celebrating the opening of Sand Hill Kitchen, a brand-new regionally inspired restaurant located within The Quad at Sand Hill Collection (SHC) in Menlo Park. The restaurant pairs an inventive menu featuring sustainable and seasonal, locally-sourced ingredients with bright, modern design and ample outdoor dining space. It’s the newest […]
Alphawave IP, a provider of high-speed connectivity for the world’s technology infrastructure based in Toronto, has opened a new office in San Jose – marking the launch of its presence in the United States. Alphawave expects the US office to grow to more than 40 employees by the end of the year, with the majority of employees […]