News about Silicon Valley business almost everyday.
MOUNTAIN VIEW — Codeium, an AI-powered code acceleration platform, has secured $150 million in Series C funding, raising the company’s valuation to $1.25 billion and bringing the startup to Unicorn status in less than two years from inception. The round was led by General Catalyst, with continued support from existing investors Kleiner Perkins and Greenoaks. […]
CUPERTINO — Apple announced that Chief Financial Officer Luca Maestri will transition from his role on January 1, 2025. Maestri will continue to lead the Corporate Services teams, including information systems and technology, information security, and real estate and development, reporting to Apple CEO Tim Cook. As part of a planned succession, Kevan Parekh, Apple’s […]
PALO ALTO, CA – Police are investigating the burglary of an occupied home late Tuesday night. There was no contact between the suspect and resident. The suspect is unknown and at large. On Tuesday, August 27, 2024, at about 10:40 p.m., the Palo Alto 24-hour dispatch center received a call reporting a burglary that had occurred at […]
SAN FRANCISCO –Openwater announced the acceleration of its plans to commercialize its hospital-grade technology platform that integrates semiconductor physics, light, and sound to diagnose and treat diseases at the cellular level. The company, founded by brain tumor survivor and former Google X, Meta, and “One Laptop Per Child” executive Mary Lou Jepsen, has secured $100 […]
UNION CITY — XII Medical, Inc., a clinical-stage medical technology company developing innovative therapies for obstructive sleep apnea, has closed a $45 million Series B equity financing. The financing was led by Omega Funds and joined by new investor Intuitive Ventures. Existing investors also participated, including founding investor Cleveland Clinic, Ajax Health, Longview Ventures (an […]
The Justice Department, together with the Attorneys General of North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee, and Washington, filed a civil antitrust lawsuit last week against RealPage Inc., a property management software company headquartered in Richardson, TX. The company was sued by the Justice Dept. for its unlawful scheme to decrease competition among landlords […]
San Francisco police are trying to crack down on shoplifters in the city. To help reduce retail thefts and to hold people who commit these crimes accountable, SF Police officers assigned to Central Station implemented ‘blitz’ operations. Blitz operations involved coordinated efforts of uniformed and plainclothes officers who wait to arrest criminals inside a partner […]
FREMONT – Moximed, a medical device company on a mission to improve the standard of care for people with knee osteoarthritis (OA), has closed on $61 million of Series D preferred stock financing with an option to close on up to an additional $30 million. The round was led by Elevage Medical Technologies, a Patient […]
SAN FRANCISCO & BURBANK — DoorDash, the nation’s leading food delivery service, has launched a partnership with Max to include its streaming service free with DashPass annual subscriptions. Max is Warner Bros. Discovery’s streaming service that features original series, blockbuster movies and documentaries as well as a library of beloved TV from leading brands like […]
SAN FRANCISCO — Encord, an AI data development platform for advanced vision and multimodal teams, has announced a $30 million Series B funding. The round was led by Next47, a global venture firm investing in early and expansion-stage companies in SaaS, AI and enterprise, with participation from existing investors Y Combinator, CRV, and Crane Venture […]
BURLINGAME — Neptune Medical, a developer of advanced medical devices with a primary focus on gastrointestinal robotics, has announced the successful spinout of its subsidiary, Jupiter Endovascular, following the completion of a $97 million Series D financing. Sonder Capital and Olympus Corporation of the Americas were significant participants in this round, along with investments from […]
MENLO PARK — GRAIL, Inc. (Nasdaq: GRAL), a healthcare company whose mission is to detect cancer early when it can be cured, reported business and financial results for the second quarter 2024. Revenue in the second quarter was $32.0 million, representing 43% growth year over year. Net loss for the quarter, which includes amortization and […]