News about Silicon Valley business almost everyday.
SAN FRANCISCO and TOKYO — Autify, an AI platform for quality engineering, has completed a Series B funding round of $13 million and released a beta version of Zenes, an autonomous AI agent for software quality assurance. Leading the round are Globis Capital Partners, a leading venture capital fund based in Tokyo, Japan, and LG […]
SANTA CLARA -– Archer Aviation Inc., which is developing electric vertical takeoff and landing (eVTOL) aircraft, has announced plans for an air mobility network that will connect five strategic locations across the San Francisco Bay Area – South San Francisco, Napa, San Jose, Oakland, and Livermore. Archer’s network is anticipated to provide unprecedented connectivity to […]
SAN FRANCISCO, CA – San Francisco District Attorney Brooke Jenkins announced that her office has secured a conviction of Joshua David Chavez (37), after a trial by jury for shoplifting from a Sunset District Safeway and resisting arrest. Mr. Chavez was convicted of one count of petty theft and one count of resisting, delaying or […]
PLEASANTON — Maxterial, a technology company dedicated to pioneering advancements in material science including the commercialization of advanced coatings, has announced the successful closure of its Series A funding round, raising nearly $8 million. This milestone underscores Maxterial’s rising influence in disruptive material science technologies and its commitment to reshaping traditional industry norms with dynamic […]
REDWOOD CITY — Loop Golf, the online booking platform helping golfers get the best tee times at the busiest local courses, has completed a $1 million seed funding round that accelerates its mission of becoming the dominant marketplace to find and book any tee time at any course in the United States. Founded in 2021, […]
KUALA LUMPUR, MALAYSIA — Apple is opening its first Apple Store in Malaysia Saturday. Located in the heart of Kuala Lumpur’s new Tun Razak Exchange (TRX) central business district, the new store will deliver the magic of Apple in the country like never before. Customers can discover and buy Apple’s lineup of products and services, […]
The Federal Trade Commission is taking action against software maker Adobe and two of its executives, Maninder Sawhney and David Wadhwani, for deceiving consumers by hiding the early termination fee for its most popular subscription plan and making it difficult for consumers to cancel their subscriptions. A federal court complaint filed by the Department of Justice upon notification […]
SAN FRANCISCO — Ballistic Ventures, a venture capital firm dedicated exclusively to funding cybersecurity startups, announced that Nicole Perlroth has been appointed to Venture Partner. The new role for Perlroth, who previously served as an advisor to Ballistic, deepens her work with the firm. “In advising Ballistic’s portfolio companies in the fund’s early days, it became clear to […]
Worldwide revenue for the public cloud services market totaled $669.2 billion in calendar year 2023, an increase of 19.9% compared to 2022, according to new data from the International Data Corporation (IDC) Worldwide Semiannual Public Cloud Services Tracker. The largest source of public cloud services revenue in 2023 was Software as a Service – Applications (SaaS […]
Shares in burrito restaurant chain Chipotle Mexican Grill hit an all-time high on Monday, rising $93.75 to close at $3,365.46. Shares hit an intraday and all-time high of $3,384.04. The company announced last week during its annual meeting,shareholders approved an increase in the number of authorized shares of its common stock, which is necessary to […]
SAN FRANCISCO — Canary Technologies, the global leader in hotel guest management technology, announced today that it has closed a $50 million Series C funding round. The round was led by global software investor Insight Partners, who also led the company’s Series B, with participation from existing investors F-Prime Capital, Thayer Ventures, Y-Combinator, and Commerce […]
Apple’s iPhone 15 Pro Max was the top selling smartphone in the first quarter according to research from Counterpoint. Apple and Samsung dominated the top-10 best-selling smartphones list for Q1 2024, each capturing five positions and leaving no spot for other brands, according to Counterpoint Research’s Global Monthly Handset Model Sales Tracker. This was the first […]