News about Silicon Valley business almost everyday.
OAKLAND — Albert Invent, an R&D platform that accelerates chemical innovation in materials science using AI, has raised a $22.5 million Series A funding round led by Coatue, with participation from TCV, Index Ventures, F-Prime, and Homebrew. As part of the announcement, the company also introduced Albert Breakthrough, the first-ever AI solution built specifically for […]
Last Thursday, December 12, Apple CEO Tim Cook met His Majesty King Charles III in England. The King visited Apple’s Battersea office in London to meet Apple employees, members of the British creative community, and students who have learned vital new skills like coding from educational programs supported by Apple and U.K.-based nonprofit The King’s […]
SANTA CLARA — Legion Technologies, an innovator in workforce management (WFM), has received $50 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank. The raise, which brings Legion’s total funding to $195 million, follows a $50 million growth round led by Riverwood Capital earlier this year. “From the beginning, Legion […]
SAN FRANCISCO — Jiko, a technology platform and bank that provides seamless access to U.S. Treasury bills, has completed a $29 million Series C funding round led by existing investors Upfront Ventures, with the participation from Airbus Ventures, Red River West, Radicle Impact and other undisclosed investors. This latest investment strengthens the company’s operating capital […]
SAN JOSE and LAS VEGAS — Cisco and MGM Resorts International announced that the companies have signed a Whole Portfolio Agreement (WPA), empowering MGM Resorts with the majority of Cisco’s software portfolio. This includes cybersecurity, software defined networking, software defined-WAN, digital experience assurance, full-stack observability, data center and services. This agreement spans 5.5 years, benefiting […]
CUPERTINO — Apple has revealed the winners of the 2024 App Store Awards, honoring 17 apps and games that helped users ignite their creativity, achieve new milestones, and cherish everyday moments with family and friends. From solo entrepreneurs to multinational teams, these App Store Award winners were chosen from 45 finalists by App Store Editors for […]
Over the Black Friday and Cyber Monday weekend, sellers using Block’s ecosystem of commerce tools — Square, Afterpay, Cash App — broke records with 144 million consumer transactions globally, a 17% increase from last year. With over 1 in 3 shoppers more stressed about holiday shopping this year compared to last, customers all around the world turned […]
PALO ALTO — Evinced, a software company powering accessible web and mobile development, has raised $55 million in Series C funding, bringing its total funding to-date to $112 million. The round was led by existing investor Insight Partners, a global software investor, with participation from existing investors M12 (Microsoft’s venture fund), BGV, Capital One Ventures, and Engineering Capital. Evinced […]
SAN JOSE — Vantis Vascular, Inc., a pioneering medical technology company founded by physicians with a passion to revolutionize vascular interventions, announced the successful closing of $10 million Series B-1 preferred financing, following a raise of $30 million to date from high-net-worth individuals and National Institute of Health grants. “We are proud to have the ongoing support of a […]
MOUNTAIN VIEW — Intuit Inc. and Amazon announced a multi-year strategic partnership to empower millions of Amazon sellers to manage their finances, stay compliant, access capital, and grow their business. By leveraging Intuit’s AI-driven expert platform, millions of Amazon sellers can benefit from financial insights like profitability, cash flow, and estimated tax liabilities to fuel […]
WaveForms AI has raised $40 million in seed funding led by A16z. WaveForms is an Audio Large Language Models (LLMs) research & product company aiming to solve the Speech Turing Test and bring Emotional Intelligence to AI. The company was founded by Alexis Conneau, a world leading Audio and Text LLM researchers and co-creator of […]
SAN JOSE — Super Micro Computer announced that on December 6, 2024, it received a letter from the Nasdaq Stock Market informing the Company that Nasdaq has granted the Company’s request for an exception to Nasdaq’s Listing Rule 5250(c)(1) through February 25, 2025. The exception gives the Company until February 25, 2025 to file its […]