News about Silicon Valley business almost everyday.
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 […]
SAN FRANCISCO — Affirm, which offers buy now pay later services, has introduced two new payment options, Pay in 2 and Pay in 30, to bring even greater choice and flexibility to consumers utilizing Affirm’s app. The company says consumers won’t owe a penny more than what they agree to upfront as there are no […]
SAN JOSE — Northwestern Mutual, a financial security company focused on comprehensive financial planning through both insurance and investments, is announcing the relocation and expansion of its office in San Jose. The new office, situated at 1919 South Bascom Avenue, Suite 350 in Campbell, CA, boasts a client service center complete with a concierge, coffee […]
SUNNYVALE — Acubed, Airbus’ Silicon Valley-based research and innovation center, has announced the hiring of Dr. Victoria Coleman as CEO, effective July 15, 2024. Dr. Coleman will also serve as Airbus’ Head of Research & Technology for North America. Dr. Coleman brings a breadth of experience to the dual role, as well as a distinguished […]
SAN FRANCISCO — Better Health, a medical supply and support provider built on peer-to-peer connection, announces $14 million in strategic funding, which includes investments from Healthworx, the innovation and investment arm of CareFirst Inc., UHealth – University of Miami Health System, and Mosaic General Partnership. This investment underscores the industry’s recognition of Better Health’s pivotal […]
ALAMEDA –Santa Ana Bio, a precision immunology company developing targeted therapies for patients with autoimmune and inflammatory diseases, has emerged from stealth with $168 million in combined Series A and B funding. Founding investor Versant Ventures led the Series A round and was joined by TPG’s Life Science Innovations fund and GV (Google Ventures). The […]
RH has officially opened RH Palo Alto, The Gallery at Stanford Shopping Center. This innovative retail experience seamlessly integrates luxury home furnishings collections from RH Interiors, Contemporary, Modern and Outdoor with rare art, antiques and artifacts from across the globe. RH Palo Alto also reflects the brand’s continued commitment to hospitality with the debut of […]
DENVER, & BOCA RATON, FL, & MENLO PARK, CA — Vantage Data Centers, a leading global provider of hyperscale data center campuses, has completed a $9.2 billion equity investment led by investment vehicles managed by DigitalBridge Group, the leading global alternative asset manager dedicated to investing in digital infrastructure, and Silver Lake, the global leader […]
PALO ALTO — Broadcom shares hit another all-time high Friday, climbing $56.05 to close at $1,735.04. The company soared after reporting second quarter results and a 10-for-1 stock split. For the fiscal second quarter, Broadcom reported revenue of $12.487 billion for the second quarter, up 43 percent from the prior year period. Net income was […]
MOUNTAIN VIEW — Alphabet Inc. is hiring Anat Ashkenazi, currently Executive Vice President and Chief Financial Officer at Eli Lilly and Company, as Chief Financial Officer and Senior Vice President of Google and Alphabet, effective July 31, 2024. The company had previously announced in July 2023 that Ruth Porat was commencing a new role as […]