News about Silicon Valley business almost everyday.
SAN JOSE — Aviz Networks, a leader in AI-driven networking solutions, announced the successful close of a $17 million Series A funding round. The round was led by Alter Venture Partners, with participation from existing investors Cisco Investments, Moment Ventures, Wistron and Accton and new strategic investors including Celestica and Qualcomm Ventures. Aviz Networks […]
SAN FRANCISCO — Epic Cleantec, a leading innovator in water reuse technology, announced the close of its $12 million Series B funding round. This investment will accelerate the expansion of Epic’s pioneering water reuse and resource recovery solutions across a growing portfolio of projects, positioning Epic as one of the fastest-growing providers of water reuse […]
PALO ALTO — Trustero, a Silicon Valley-based provider of AI-powered Security and Compliance, has closed a $10.35 million Series A funding round led by Bright Pixel Capital (formerly Sonae IM), with participation from existing investors Engineering Capital, Zetta Ventures Partners, and Vertex Ventures US. Trustero is proving that AI can drive real revenue and operational […]
SANTA CLARA — SoundHound AI, a specialist in voice artificial intelligence, and Apivia Courtage, part of AEMA Group, one of the world’s largest mutual and cooperative insurers, announced that their partnership to deploy conversational AI agents has reached a milestone. In just under a year, SoundHound’s Amelia AI Agents have supported Apivia Courtage in handling […]
SAN FRANCISCO — VISO TRUST, a provider of AI-powered third-party risk management (TPRM), announced the closing of its latest funding round of $7 million in additional funding, bringing the total raised to $24 million, with participation from both existing investors, Bain Capital Ventures, Work-Bench, Sierra Ventures, and Lytical Ventures, and new investors, Allstate Strategic Ventures, Cisco Investments, EnvisionX […]
CUPERTINO and MUMBAI, India — OneCell Diagnostics, a genomics-based precision oncology company, has raised $16 million in an oversubscribed Series A funding round led by Celesta Capital, with participation from Tenacity Ventures, Cedars Sinai, Eragon, and Singularity Ventures. The funding will be used to advance its vision of democratizing precision oncology through cancer diagnostic testing that is […]
NEW YORK and SUNNYVALE — KPMG LLP and Google Cloud have announced a major expansion of their U.S. alliance focused on advancing generative AI, data analytics, and cybersecurity among Fortune 500 companies and global enterprises. KPMG will make a landmark $100 million investment in its Google Cloud practice, which KPMG estimates will drive $1 billion in incremental growth for the […]
C3 AI, the Enterprise AI application software company, announced a strategic alliance with Microsoft to accelerate the adoption of Enterprise AI on Microsoft Azure. The agreement marks a significant milestone in C3 AI and Microsoft’s existing partnership, further combining C3 AI’s Enterprise AI–native application software, including C3 Generative AI, with Azure’s robust and expansive ecosystem […]
SANTA CLARA — AMD showcased its high performance computing (HPC) leadership at Supercomputing 2024 by powering the world’s fastest supercomputer for the sixth straight Top500 list. The El Capitan supercomputer, housed at Lawrence Livermore National Laboratory (LLNL), powered by AMD Instinct MI300A APUs and built by Hewlett Packard Enterprise (HPE), is now the fastest supercomputer in the world […]
MENLO PARK — DCM Ventures, a global early-stage venture capital firm headquartered in Silicon Valley, announced a change to its investment operations to better serve its limited partners and focus on its core principles of investing in early-stage companies building the future of tech. DCM will spin off its pre-seed and seed team into a […]
SAN FRANCISCO – Silicon Valley Bank (SVB), a division of First Citizens Bank, has provided a $50 million growth capital facility to Bugcrowd, a leading provider of crowdsourced cybersecurity solutions. Bugcrowd brings the collective ingenuity of organizations and hackers to mitigate vulnerabilities across all applications, systems, and infrastructure. Provided by SVB’s Enterprise Software Group, the new financing will further […]
PALO ALTO — Cresta, an end-to-end generative AI platform for contact centers, has announced the closing of its $125 million Series D round of financing. The round was led by new investors World Innovation Lab (WiL) and QIA with participation from Accenture, EnvisionX Capital, LG Technology Ventures, Qualcomm Ventures, and Workday Ventures. The round also includes returning investors […]