News about Silicon Valley business almost everyday.
RIYADH, SAUDI ARABIA — Apple plans to expand in the Kingdom of Saudi Arabia, starting with the launch of the Apple Store online in summer 2025. The online store will bring customers across Saudi Arabia new ways to shop Apple’s full range of products, with service and support directly from Apple in Arabic for the […]
BRISBANE — Heirloom, a Direct Air Capture (DAC) technology provider, has raised $150 million in Series B funding. The round was co-led by Future Positive, and Lowercarbon Capital – which also invested in Heirloom’s Series A. [Photo above: Heirloom’s Direct Air Capture (DAC) facility in Tracy, CA.] A range of new industrial investors, including Japan […]
SOUTH SAN FRANCISCO — Maze Therapeutics, a clinical-stage biopharmaceutical company harnessing the power of human genetics to develop novel, small molecule precision medicines for patients living with renal, cardiovascular, and metabolic diseases, has completed a $115 million Series D financing that included the conversion of issued convertible notes previously purchased by existing investors. The Series […]
The Santa Clara County Sheriff Department’s Retail Theft Task Force conducted a blitz operation targeting thieves at the Target store on McKee and N. Capitol in City of San José earlier this month. A total of 12 people were arrested and close to $5,300 worth of merchandise recovered. The Sheriff Department revealed that over the […]
Google Play has named the best games and apps of 2024. This year’s awards are a thank you to the talented developers who make the Android ecosystem so vibrant, building fantastic apps and games across all your devices. Best overall app and game Best app: Partiful Event planning platform Partiful took home Play’s Best App award […]
The Santa Clara County District Attorney’s Office has charged six former employees of Apple Inc., for a scheme in which they tricked the tech company into matching thousands of dollars in donations to children’s charities, when they actually donated nothing. Over three years, the six tech employees defrauded both the State of California and Apple’s […]
SAN JOSE — Adobe has hired Lara Balazs as Chief Marketing Officer (CMO) and Executive Vice President, Global Marketing reporting directly to CEO Shantanu Narayen. Balazs previously served as CMO and General Manager, Strategic Partner Group at financial software company Intuit, where she reimagined the company’s brand and go-to-market activities to support its AI-driven financial […]
SANTA CLARA — Tenstorrent is announcing that it has closed over $693 million in its Series D funding round at a pre-money valuation of $2 billion. Samsung Securities and AFW Partners led the round, which was oversubscribed due to strong demand from investors. Samsung and AFW both have deep relationships with Tenstorrent, and a strong history of investing in […]
Apple Original Films announced that its romantic comedy, “Fly Me to the Moon” from director Greg Berlanti with stars Scarlett Johansson and Channing Tatum, will make its global streaming debut on Apple TV+ on Friday, December 6. Since its debut in theaters worldwide, the film has received the Verified Hot certification on Rotten Tomatoes by […]
SANTA CLARA — Intel CEO Pat Gelsinger has retired from the company after a 40-plus-year career and has stepped down from the company’s board of directors, effective Dec. 1, 2024. Intel has named two senior leaders, David Zinsner and Michelle (MJ) Johnston Holthaus, as interim co-chief executive officers while the board of directors conducts a […]
SAN FRANCISCO — Wherobots, the Spatial Intelligence Cloud, built by the original creators of Apache Sedona, Mo Sarwat and Jia Yu, announced the closing of a $21.5M Series A funding round to accelerate the delivery of modern solutions that close the intelligence gap between our physical and digital worlds. The round was led by Felicis, […]
SAN FRANCISCO — Cardless, a company specializing in co-branded credit card solutions, announced a $30 million growth investment round led by Activant Capital, with participation from new and existing investors including Mischief (the fund co-founded by Plaid’s Zach Perret), Industry Ventures, Thayer Ventures, Assurant and Amex Ventures. This brings Cardless’ total equity funding to date to over $90 million. […]