News about Silicon Valley business almost everyday.
SAN MATEO — Torpago, a commercial credit card and spend management provider, has raised $10 million in a Series B funding round. The round was co-led by Priority Tech Ventures, a division of Priority Technology Holdings, Inc., and EJF Ventures, with participation from BankTech Ventures and other existing investors. Following the launch of Sunwest Bank’s Visionary Card, this investment […]
San Jose and Taipei, Taiwan – Supermicro is introducing at COMPUTEX in Taiwan a ready-to-deploy liquid-cooled AI data center, designed for cloud-native solutions that accelerate generative AI adoption for enterprises across industries with its SuperClusters. The servers are optimized for the NVIDIA AI Enterprise software platform for the development and deployment of generative AI. With Supermicro’s […]
SAN FRANCISCO — Instacart, which operates under the parent company Maplebear Inc., said in an SEC filing it will buy back up to $500 million in stock. Shares in the company went up over 8% Wednesday on the news. On June 2, 2024, the Board of Directors of Maplebear Inc. approved a share repurchase program […]
SAN FRANCISCO — Plenful, an AI workflow automation platform streamlining pharmacy and healthcare operations, has announced a $17 million Series A round, increasing its total raised capital to more than $25 million. This milestone signifies a meaningful step forward in Plenful’s mission to modernize pharmacy operations through advanced automation and artificial intelligence. The Series A […]
MENLO PARK — Rising Team, developer of an industry-leading team performance platform, has completed its Series A funding of $8 million. The round was led by Zeal Capital Partners alongside previous investors including Peterson Ventures, Roble Ventures, Female Founders Fund, Burst Capital, and Supernode Ventures. This investment allows Rising Team to enhance its team performance platform with […]
SAN MATEO — Data infrastructure startup Tobiko Data has raised a $4.5 million seed funding round from Unusual Ventures and a $17.3 million Series A led by Theory Ventures with participation from 20Sales, Fivetran CEO George Fraser, Census CEO Boris Jabes, and MotherDuck CEO Jordan Tigani. Tomasz Tunguz, Founder of Theory Ventures, will join the […]
SEATTLE — Tektonic AI, a company developing GenAI agents for enterprise processes, today announced $10 million in funding led by Madrona and Point72 Ventures. Co-Founded by Nic Surpatanu, Tektonic aims to automate the manual workflows that other methods couldn’t address. Surpatanu, who previously held leadership roles at Tanium, UiPath and Microsoft, has seen both the […]
California’s housing market rebounded in April as sales rose on both a monthly and yearly basis, while the statewide median home price exceeded $900,000 for the first time ever, setting a new record-high, according to the CALIFORNIA ASSOCIATION OF REALTORS (C.A.R.). Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized […]
PALO ALTO, CA – Police are investigating two daytime burglaries of occupied homes this week. There was no contact between the suspect and residents in either case. Detectives do not have evidence connecting the two cases. The suspects are unknown and at large. On Tuesday, May 28, 2024, at about 3:33 p.m., the Palo Alto […]
San Francisco police officers arrested seven retail theft suspects who ransacked a CVS pharmacy store in the Ingleside District last week thanks in part to the sharp eyes of an off-duty SFPD sergeant. On Friday, May 24, 2024, at approximately 8:00 p.m., the off-duty sergeant was driving near the 700 block of Portola Drive when […]
Dollar Tree, the nation’s largest discount retailer, announced that it acquired rights for 170 leases of 99 Cents Only Stores across Arizona, California, Nevada, and Texas. The deal was completed via two transactions in May that were approved by the United States Bankruptcy Court for the District of Delaware. As part of the transactions, Dollar […]
Did you know that Reese Witherspoon had a book club? Well Apple Books is now the official audiobook home for Reese’s Book Club, one of the most popular book clubs founded by actress Reese Witherspoon, who chooses a book each month spotlighting a woman at the center of the story. Apple Books will feature a […]