News about Silicon Valley business almost everyday.
Apple said that Californians will soon be able to add their driver’s licenses and state IDs to Apple Wallet, providing a seamless and secure way to present driver’s licenses or state IDs using just an iPhone or Apple Watch. “We’re excited to be working with the state of California to bring IDs in Apple Wallet […]
MENLO PARK –Jupiter Endovascular, Inc., a medical technology startup developing a new class of endovascular procedures using Endoportal Control to bring the precision and control of direct surgical access to catheter-based interventions, has exited stealth mode with a $21 million new round of financing. Sonder Capital was a key participant in the round that included […]
MOUNTAIN VIEW — Groq, a leader in fast AI inference, has secured a massive $640 million Series D round giving the company a valuation of $2.8 billion. The round was led by funds and accounts managed by BlackRock Private Equity Partners with participation from both existing and new investors including Neuberger Berman, Type One Ventures, and […]
SAN FRANCISCO — Abnormal Security, a provider of AI-native human behavior security, announced the close of its Series D funding round, with total expected proceeds of $250 million at a $5.1 billion valuation. The current round brings the total expected proceeds to $546 million and is led by Wellington Management, with participation from existing investors Greylock […]
Starbucks has poached Chipotle’s Brian Niccol as its new chairman and chief executive officer. Niccol will start in his new role on September 9, 2024. Starbucks chief financial officer, Rachel Ruggeri, will serve as interim ceo until that time. Mellody Hobson, Starbucks board chair, will become lead independent director. Shares in Starbucks were up more […]
SAN FRANCISCO — As the Olympic Games Paris 2024 ended with the Closing Ceremony Sunday, credit card company Visa issued data revealing the positive impact of the Games on tourism and spending in France. Not only did Paris attract 42% more Visa cardholders in the first week of the Olympic Games than in the same […]
PALO ALTO — DevRev, an AI-native platform that unifies customer support and product development, has completed a $100.8 million Series A funding round, bringing its valuation to $1.15 billion. This funding milestone includes investments accumulated over the past three years, culminating in this round. The company is backed by prominent investors such as Khosla Ventures, […]
SANTA CLARA — Aurascape AI, a cybersecurity company, has closed an oversubscribed $12.8 million seed funding round, led by Mayfield Fund. Other investors and shareholders included Celesta Capital, StepStone Group and AISpace, as well as several industry leaders including Mark McLaughlin, former Chairman and CEO of Palo Alto Networks. Aurascape is poised to transform cybersecurity […]
SAN JOSE — Fastlane by PayPal is now available for U.S. businesses of all sizes, helping to increase their sales and drive customer loyalty in time for the upcoming holiday shopping season. Announced earlier this year, Fastlane utilizes PayPal’s payment expertise to innovate and accelerate the guest checkout experience – allowing users to complete their […]
SAN FRANCISCO — Neon, a serverless Postgres database built for developers, has landed a $25.6 Million strategic investment led by M12, Microsoft’s Venture Fund. Follow-up participation includes existing investors Abstract Ventures, General Catalyst, Menlo Ventures, and Notable Capital. This latest investment brings Neon’s total funding to $130.6 million since its founding in 2021. “Postgres is […]
LOS ALTOS — With $10 million in seed funding from Accel and CRV, Napkin.ai is pioneering Visual AI that brings impact and fun into business storytelling. Designed for the millions of professionals, writers, educators, and content creators who are in the business of selling ideas, Napkin.ai helps you unlock the visual potential in your text content. “With the […]
The SF Police Department General Work and Burglary investigators and patrol officers have arrested three teenagers and an 11-year-old for Organized Retail Crime (ORC). Investigators reviewed dozens of retail-related incidents, some of which involved committing violence to store employees. SFPD developed probable cause to arrest the suspects for the theft of over $190,000 in retail […]