News about Silicon Valley business almost everyday.
On September 12, 2024, at 3:46 p.m., San Francisco Police officers and investigators participating in a city-wide operation with investigators from the Daly City Police Department, worked together to locate, conduct surveillance, and apprehend a known organized retail burglary crew and their vehicle. The suspects have committed numerous burglaries in the city and county of […]
SAN JOSE — Lyten, the supermaterial applications company and developer of Lithium-Sulfur battery technology, announced that its rechargeable lithium-sulfur battery cells have been selected to be demonstrated aboard the International Space Station (ISS). The Department of Defense’s innovation hub, the Defense Innovation Unit (DIU), is funding the work scope as part of its ongoing lithium-sulfur […]
SAN FRANCISCO — TeamBridge, which operates a Workforce OS (workforce operating system) for hourly workforces, has raised $28 million in a Series B round led by Mayfield, with participation from existing investors General Catalyst and Abstract Ventures. The new funds will be used to accelerate the product and AI roadmap, enhance client services, and continue […]
PALO ALTO — Glean has announced an over $260 million Series E round at a $4.6 billion valuation, as the company meets growing demand for its Work AI platform. The round was co-led by Altimeter and DST Global, with participation from new investors Craft Ventures, Sapphire Ventures, and SoftBank Vision Fund 2, and existing investors Coatue, General Catalyst, […]
SUNNYVALE — Acuvity, which operates a comprehensive AI security and governance platform for both employees and applications, has scored a $9 million seed funding round led by Foundation Capital, with participation from individual investors like Basil Alwan, Sri Reddy and Jonathan Siddharth. Acuvity will use the funding to accelerate the development of its products to […]
SANTA CLARA — FuriosaAI, an emerging leader in the AI semiconductor space, has unveiled RNGD (pronounced “Renegade”), a leading AI accelerator, at Hot Chips 2024. RNGD is positioned to be the most efficient data center accelerator for high-performance large language model (LLM) and multimodal model inference, disrupting an AI hardware landscape long defined by legacy chipmakers and […]
SAN FRANCISCO — Connectly, a developer of conversational commerce, has landed a $20 million Series B investment led by Alibaba, with participation from Unusual Ventures, Volpe Capital, RX Ventures, Falabella Ventures and Philippos Kourkoulos Latsis. Connectly, which was founded in 2020 by industry veterans from Facebook, Google, Uber, and McKinsey, uses proprietary artificial intelligence (AI) […]
SAN JOSE — Cybersecurity company Axiad has relocated its headquarters from Santa Clara to San Jose. The move to Metro Plaza located at 101 Metro Drive, Suite 560 – a brand new 5,000 square foot office space – was largely driven by a commitment to accessibility, collaboration and culture. The new office is near San Jose State University and Santa Clara […]
SAN LEANDRO — Vantage Robotics, a provider of small unmanned aerial vehicles and an innovator in drone technology, has launched its new nano drone, Trace. Designed to meet the pressing needs of national security, law enforcement, and critical infrastructure management, Trace provides field operators with a trusted and affordable American-made nano UAV. The pocket-sized drone […]
PLEASANTON — Workday, Inc., a provider of software to help organizations manage their people and money, published its semi-annual Global Workforce Report, which found that it’s an employers’ market, with the number of job applications growing four times faster than job openings. Despite these odds, top performing employees are quitting their jobs to look for better opportunities elsewhere. At […]
SOUTH SAN FRANCISCO – Arsenal Biosciences, a clinical stage programmable cell therapy company focused on engineering advanced CAR T-cell therapies for solid tumors, announced the close of an oversubscribed $325 million Series C financing round. The funding round included new investors ARCH Venture Partners, Milky Way Investments Group, Regeneron Ventures, NVentures (NVIDIA’s venture capital arm), […]
Apple will introduce its own version of AI called Apple Intelligence, the personal intelligence system that combines the power of generative models with personal context to deliver intelligence that is useful and relevant. Apple Intelligence will start rolling out next month with iOS 18.1, iPadOS 18.1, and macOS Sequoia 15.1, with more features launching in […]