News about Silicon Valley business almost everyday.
BERKELEY — Twelve, a carbon transformation company that converts captured carbon dioxide into valuable chemicals, fuels, and other essential products typically made from fossil fuels, has secured $645 million in funding. This raise is a strategic mix of capital which includes $400 million in project equity led by TPG Rise Climate, $200 million in Series C […]
SAN FRANCISCO — Ferrum Health, a developer of software for deploying AI into health systems, has raised $16 million in a Series A funding round led by Foundry, with participation from Catalyst by Wellstar, Headwaters Ventures, and UnitedHealthcare Accelerator. Prior investors that also rejoined the current round include Blumberg Capital, Cercano, GSR, Urban Innovation Fund, and Singtel Innov8. […]
SAN FRANCISCO — UJET, Inc., a leading provider of AI-powered cloud contact center solutions, has closed its latest round of funding led by Sapphire Ventures, with participation from new investors KeyCorp and IonPacific, and existing investors GV, Kleiner Perkins, Citi Ventures, DCM, and Ericsson Ventures. UJET’s latest funding round brings the total in Series D […]
Apple announced California driver’s licenses and state IDs can now be added to Apple Wallet, enabling residents to seamlessly and securely add and present their IDs using iPhone or Apple Watch.1 The launch of California driver’s licenses and state IDs in Apple Wallet will roll out as part of the California DMV’s broader mobile driver’s […]
The U.S. Food and Drug Administration has authorized the first over-the-counter (OTC) hearing aid software device, Hearing Aid Feature, intended to be used with compatible versions of the Apple AirPods Pro headphones. Once installed and customized to the user’s hearing needs, the Hearing Aid Feature enables compatible versions of the AirPods Pro to serve as […]
The Santa Clara County District Attorney’s Gun Violence Task Force and sheriff’s deputies raided a San Jose home last Wednesday, seizing an arsenal of weapons and explosives. Christopher Paul Roberts, a 37-year-old resident of the 2200 block of Bailey Avenue, was arrested and charged with, among other crimes, explosive and assault weapon felonies. “Our neighborhoods […]
MENLO PARK — DeltaStream, Inc., a serverless stream processing platform, has raised $15 million in Series A funding from New Enterprise Associates (NEA), Galaxy Interactive and Sanabil Investments. The funding will accelerate the company’s vision of enabling a complete serverless stream processing platform to manage, secure and process all streaming data, irrespective of data source […]
SANTA CLARA — Intel Corp. says it will create custom chip designs under a multi-year, multi-billion-dollar contract covering product and wafers for Amazon Web Services. This is a significant expansion of the two companies’ longstanding strategic collaboration to help customers power virtually any workload and accelerate the performance of artificial intelligence (AI) applications. As part […]
SAN FRANCISCO — Bee Partners, a pre-seed venture capital firm with offices in Silicon Valley and Denver, announced the promotion of Alejandra “Ale” Vergara to Principal. This move underscores Bee Partners’ continued evolution and Ale’s recent contributions, particularly in driving the next wave of Human-Machine Interaction through the lens of Generative AI. Ale first worked with Bee […]
MENLO PARK — AttoTude, a developer of interconnect technology for AI and hyperscale data center applications, has announced the completion of its Series A funding round of $29 million. This latest round comes on the heels of AttoTude’s initial Seed Round which raised $11 million in March, 2024. The rounds were funded by a combination […]
SAN FRANCISCO — P0 Security, provider of the first unified IGA and PAM platform for the cloud designed to secure all enterprise cloud identities, has closed $15 million Series A round, bringing its total raised since inception to $20 million. The investment was led by SYN Ventures with participation from Zscaler, the leader in cloud […]
SUNNYVALE — Inflammatix, a pioneering molecular diagnostics company, has closed $57 million in Series E financing, led by Khosla Ventures and Think.Health. The new money will support regulatory filing and early commercialization of the company’s lead product, the TriVerity Acute Infection and Sepsis Test (TriVerity). TriVerity is a blood test that is intended to fill […]