News about Silicon Valley business almost everyday.
Apple TV+ announced a season two renewal for its global hit comedy, “Palm Royale.” Since its debut this March, “Palm Royale” has been hailed as “a dishy delight,” “wildly outrageous and amusing,” “a feast of retro stylings and historical events” and an “edge-of-your-seat guessing game you won’t want to stop watching.” Additionally, actress Kristen Wiig […]
NEW YORK — Northwind Group, a Manhattan-based real estate private equity firm and debt fund manager, announced its closed-end debt funds provided a $23 million first mortgage, senior secured condo inventory loan collateralized by the remaining 18 unsold residential condominium units in the recently completed 4-story residential property located at 450 First Street in Los Altos, CA, in the heart of […]
SAN FRANCISCO — Eko Health, a pioneer in applying artificial intelligence for early detection of heart and lung diseases, has raised $41 million in Series D financing. With participation by ARTIS Ventures, Highland Capital Partners, NTTVC, and Questa Capital, the funding round will be used to expand U.S. and global access to the company’s early disease detection platform. […]
NEW YORK — Atlantic Street Capital, a private equity firm that invests in lower middle market companies through an operationally intensive strategy, has made an additional $70 million investment to further support the operating strategy, member experience, leadership team, and wash quality of its portfolio company, Zips Car Wash. Operating over 270 locations in 20+ […]
SANTA CLARA — Median home prices have increased 37.5% since May 2019 according to Realtor.com data, and while prices grew in that time frame, inventory is down 34.2% compared with typical 2017 to 2019 levels. “In addition to higher median list prices and fewer homes for sale versus 2019, the increase in median price-per-square foot […]
New York, NY & San Francisco — News Corp and OpenAI have inked a multi-year agreement to bring News Corp news content to OpenAI. Through this partnership, OpenAI has permission to display content from News Corp mastheads in response to user questions and to enhance its products, with the ultimate objective of providing people the […]
The San Jose Police Department announced it has arrested 46 individuals for sexual assault. These are the individuals below: TYPE OF CRIME: Sexual Assault CASE NUMBER: Multiple LOCATION: VICTIM: Various ADDRESS: # SUSPECT ADDRESS AGE 1 James Harris San José Resident 55 Years 2 Javier Sandoval San José Resident 43 Years 3 Gustavo Viera San […]
LOS ALTOS — Prósperos, a technology company that offers a financial platform for Spanish-speaking people, has raised $3 million in funding. The seed round includes investments from FEBE Ventures, BAT VC, Tekton Ventures, Courtyard Ventures and technology executives. Founded in 2023 by Vinay Pai and Salvador Chavez, Prósperos is delivering an innovative financial platform that allows millions of Latinos […]
BOSTON — AcuityMD has scored $45 million in new funding to expand its commercial intelligence platform and advance the company’s mission of accelerating adoption of cutting-edge medical technology (MedTech). The Series B round was led by ICONIQ Growth, with additional participation from Boston-based Atreides Management and New York-based Stepstone Group as well as existing investors Redpoint Ventures, Benchmark […]
Five individuals were arrested last week in Los Angeles on criminal charges related to their roles in a years-long scheme to defraud Medicare of more than $15 million through sham hospice companies and then to launder the fraud proceeds. According to an indictment unsealed yesterday, three of the defendants—Petros Fichidzhyan, 43, of Granada Hills, California, […]
SAN JOSE – San José Mineta International Airport (SJC) is happy to welcome passengers traveling to and from the three new nonstop destinations introduced by Spirit Airlines, just one year after the airline commenced operations in San José. Starting this month, Spirit has expanded its SJC service with new flights to Baltimore-Washington (BWI), Los Angeles (LAX) […]
SAN FRANCISCO – Silicon Valley Bank (SVB), a division of First Citizens Bank, along with lending partner Trinity Capital Inc., announced that it has provided a $63 million warehouse facility to Denim, a technology-forward factoring partner for freight brokers. The financing, offered by SVB’s national fintech practice, allows Denim to continue supporting the cash flow and operational needs of […]