News about Silicon Valley business almost everyday.
MENLO PARK — National Grid Partners, the corporate venture capital arm of the National Grid utility company, has surpassed $500 million deployed since its founding in 2018 to improve the aging power grid and accelerate the utility industry into the next era. The group also reported that nearly 80% of its portfolio companies have strategically engaged with […]
RICHLAND PARISH, LA. – Earlier this month, Louisiana Governor Jeff Landry joined Secretary of Louisiana Economic Development (LED) Susan Bourgeois in announcing Facebook and Instagram parent company, Meta, will build a massive $10 billion artificial intelligence data center in northeast Louisiana, a transformational investment that cements the state’s status as a major innovation hub and […]
SAN FRANCISCO — Crusoe, the industry’s first vertically integrated AI infrastructure provider, has closed a $600 million Series D funding round. The investment was led by Founders Fund, with participation from new and existing investors, including Fidelity, Long Journey Ventures, Mubadala, NVIDIA, Ribbit Capital, and Valor Equity Partners. Through its innovative approach, Crusoe has established […]
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 […]