News about Silicon Valley business almost everyday.
PALO ALTO — NEC X, the Silicon Valley venture studio backed by NEC’s portfolio of technologies and global businesses, has announced a new investment in General Prognostics Inc. (GPx), a fast-growing MedTech startup revolutionizing chronic disease monitoring and management. The amount invested was not disclosed. The investment coincides with GPx joining the Elev X! Boost […]
PALO ALTO — Evommune, Inc., a clinical-stage biotechnology company discovering and developing new ways to treat immune-mediated inflammatory diseases, has announced the completion of a $115 million Series C financing. The financing was co-led by new investors RA Capital Management and Sectoral Asset Management, along with participation from new investors B Capital, Marshall Wace, Avego Bioscience Capital, […]
AVE, a residential real estate brand of Korman Communities, and Ensemble Investments, LLC (Ensemble), a national developer of hospitality and mixed-use/multifamily real estate, has revealed plans for a pioneering outdoor adventure amenity at the forthcoming AVE Santa Clara located at 2240 Calle de Luna. Now leasing for first move-ins in January 2025, AVE will bring […]
SAN JOSE — Easterseals Northern California officially opened the doors to its newest facility on Oct. 29, a San Jose clinic that expands access to essential developmental disability services for families in the region – addressing a pressing need as the prevalence of autism continues to rise. The ribbon cutting at 800 N. 1st St. […]
Ellore, Santa Clara’s newest luxury senior living community, has officially launched leasing. Developed by Related California and operated by Oakmont Management Group, Ellore is a blend of sophistication, innovation and sustainability to fit the Silicon Valley lifestyle. Located at 2350 Calle De Luna, Ellore is comprised of 176 residences (including independent living, assisted living and […]
LARKSPUR — BondBloxx, a specialized provider of bond ETFs, has raised $27 million. The funding round was led by Macquarie Asset Management, which maintains its minority stake in the company, and also included participation from other new and existing financial investors. “This is an exciting time for the BondBloxx team and our clients as we […]
UNION CITY — Third Wave Automation, a provider of autonomous high-reach forklifts powered by Shared Autonomy, has closed a $27 million Series C round led by Woven Capital, Toyota’s growth fund. Return investors Innovation Endeavors, Norwest Venture Partners and Qualcomm Ventures joined the round, bringing total capital raised to $97 million. The funding will enable Third Wave to scale […]
SANTA CLARA — GMI Cloud, an AI-native GPU cloud provider, has raised $15 million in equity funding and $67 in debt financing in a Series A round led by Headline Asia, bringing the company’s total capital to over $93 million. The round includes strategic investments from Banpu Next (BANPU.BK), a smart energy solutions provider in the Asia-Pacific region, and Wistron Corporation, […]
NEW YORK and SUNNYVALE — Citi, one of the nation’s largest banks, has joined forces with Google Cloud in a multi-year agreement to support Citi’s digital strategy through cloud technology and artificial intelligence (AI). This collaboration focuses on modernizing Citi’s technology infrastructure and enhancing employee and client experiences on cloud-based applications. Through the collaboration, Citi will migrate […]
CUPERTINO — Apple has unveiled the all-new Mac mini powered by the M4 and new M4 Pro chips, and redesigned around Apple silicon to pack an incredible amount of performance into an even smaller form of just 5 by 5 inches. With M4, Mac mini delivers up to 1.8x faster CPU performance and 2.2x faster […]
CUPERTINO — CIM Group announced the sale of Arioso, a 201-unit apartment community in the Silicon Valley community of Cupertino, just minutes away from Apple’s spaceship headquarters. Arioso offers one- and two-bedroom configurations set in eight, three-story buildings spread across the property and provides 382 parking spaces. The community offers a comfortable environment with large […]
SAN MATEO — Concentric AI, a leading vendor of intelligent AI-based solutions for autonomous data security posture management (DSPM), has secured financing of $45 million in a Series B round, bringing the company’s total funding to more than $67 million. The funding round was led by Top Tier Capital Partners and HarbourVest Partners. CyberFuture, a global […]