News about Silicon Valley business almost everyday.
United is now texting customers links to local, live radar maps during weather delays, as part of an effort to give travelers as much real-time information as possible about their trip, especially if things don’t go as planned. For the past few years, the airline has used dedicated teams to write and send text messages […]
Patelco Credit Union is still undergoing login problems due to a ransomware attack on its systems that began last week. The company says that ATM fees for cash withdrawals at non-Patelco ATMs will be reimbursed when systems are back up. Erin Mendez, CEO of Patelco, posted online that cyber security specialists have validated and greenlighted […]
Espoo, Finland and San Jose – Nokia and Infinera, a supplier of innovative optical networking solutions and advanced optical semiconductors, announced an agreement under which Nokia will acquire Infinera in a transaction valuing the company at $6.65 per share or an enterprise value of US$ 2.3 billion. The transaction represents a premium of 28% to […]
PALO ALTO, CA – A suspect robbed the 7-Eleven convenience store in the Midtown neighborhood late Monday night. The clerk sustained minor injuries, and the suspect is at large. On Monday, July 1, 2024, at about 11:54 p.m., the Palo Alto 24-hour dispatch center received a call from the clerk of the 7-Eleven convenience store at 708 Colorado […]
MENLO PARK — Venture capital firm The Westly Group has raised an oversubscribed $100 million seed fund to invest in entrepreneurs transforming the energy, mobility, building, and industrial sectors that make up more than 50 percent of the world’s GDP. The seed fund is an extension of the firm’s four core funds, which includes a […]
Research firm Comscore has released its rankings of the Top 25 most used mobile apps for the month of May 2024. # Apps Total Unique Visitors (000) % Reach 1 YouTube (Mobile App) 163,024 75 2 Facebook (Mobile App) 143,832 66 3 Gmail (Mobile App) 143,131 66 4 Google Search (Mobile App) 138,184 63 5 […]
Shares in Tesla climbed another 6.54% on Wednesday in a shortened trading day before the Fourth of July holiday. Tesla stock was up $15.13 to close at $246.39. Shares are up 26% over the past week. The company announced in the second quarter, it produced approximately 411,000 vehicles and delivered approximately 444,000 vehicles. Tesla also […]
Two East Bay men have been charged with a scheme in which stolen credit card data was used to steal thousands of gallons of diesel fuel from South Bay Safeway locations and pumped into a makeshift bladder in the back of a truck. Yuniel Cordero, from Oakland, is accused of committing a string of fuel […]
Patelco Credit Union, with branches in Silicon Valley and throughout the Bay Area, has been hit by a ransomware attack for the past several days. Customers are unable to login to access their accounts via website and mobile app but can still withdraw money from ATMs and at local branches. Currently electronic transactions such as […]
ALAMEDA — Sila, a next-generation battery materials company, has raised a massive $375 million Series G round led by existing investors Sutter Hill Ventures and T. Rowe Price Associates, Inc., with participation by new outside investors as well as existing investors Bessemer Venture Partners, Coatue, Perry Creek Capital, and others. The funding will secure the […]
PHILADELPHIA — ZeroEyes, the creators of the only AI-based gun detection video analytics platform that holds the US Department of Homeland Security SAFETY Act Designation, has secured more than $53 million in Series B funding. The oversubscribed round was led by Sorenson Capital, with participation from Intel Capital, BroadLight Capital and existing investors. ZeroEyes is on a mission to stop gun-related violence […]
SAN FRANCISCO — KarmaCheck, which provides a technology-based solution for background checks, credentialing, and compliance, has raised $45 million in a Series B funding round led by Parameter Ventures, with participation from PruVen Capital, Velvet Sea Ventures, GC1 Ventures, and NextView Ventures. The company will leverage the funding to accelerate development of its proprietary technology platform, scale […]