News about Silicon Valley business almost everyday.
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 […]
On June 15, 2024, at approximately 6:58 PM, the San José Police Department received multiple reports of an illegal sideshow occurring in the area of South Winchester Boulevard and Olin Avenue. The illegal sideshow resulted in a spectator getting struck unconscious by a vehicle driven by an unknown suspect. As a uniformed SJPD Reserve Officer […]
TIME and OpenAI have signed a multi-year content deal and strategic partnership to bring TIME’s trusted articles to OpenAI’s products, including ChatGPT. Terms weren’t revealed. Through this collaboration, OpenAI will gain access to current and historic content from TIME’s extensive archives from the last 101 years to enhance its products and display in response to […]
SAN JOSE — PayPal Holdings, Inc. has hired Srini Venkatesan as Chief Technology Officer (CTO). He will report to PayPal President and CEO Alex Chriss. In this role, Venkatesan will lead the development and implementation of technology across the entire PayPal ecosystem, including analytics and data science, artificial intelligence (AI) and machine learning, information security, infrastructure […]
SAN FRANCISCO — Bright Machines, an innovator in intelligent, software-defined manufacturing and robotics, has raised $126 million in Series C funding, with $106 million in equity led by investment from funds and accounts managed by BlackRock and participation from NVIDIA, Microsoft, Eclipse, Jabil and Shinhan Securities, and with $20 million in venture debt from J.P. Morgan. This brings the company’s total amount […]
On May 14, 2024, at approximately 4:50 PM, San José Police Department Patrol Officers responded to a report of an attempted bank robbery in the 1700 block of Story Road. The preliminary investigation revealed the following: An unidentified Asian adult male entered the business and approached the bank teller with a handwritten note demanding money. […]
FREMONT — Hallcon Corporation, a provider of mobility and infrastructure solutions, held the grand opening this week of its new Electric Vehicle (EV) Operations Center in Fremont. This 3.3-megawatt facility is the organization’s second EV charging site in the Bay Area, representing a key milestone in Hallcon’s mission to enhance EV infrastructure across North America. The […]
Amazon is holding its 10th annual Prime Day event this summer. From July 16 at 12:01 a.m. PDT through July 17, Prime members get exclusive access to millions of deals across more than 35 categories including electronics, kitchen, beauty, and apparel. New deals will continue to drop as often as every 5 minutes during select […]
Palo Alto Police arrested four suspects on Saturday night who broke into an unoccupied residence after the resident spotted them remotely in real-time via a home security system. On Saturday, June 15, 2024, at about 9:29 p.m., the Palo Alto 24-hour dispatch center received a call reporting an in-progress burglary at an unoccupied home in the […]
For the fifth year, Google is funding 20 companies through the Google for Startups Founders Funds which provides equity-free capital and hands-on support to Black and Latino-led startups using AI to innovate responsibly and drive meaningful change. These companies are pushing the boundaries of what’s achievable with AI, from developing innovative solutions to prevent wildfires (Improving Aviation), […]