News about Silicon Valley business almost everyday.
The United Airlines Ventures Sustainable Flight Fund – a way for companies and consumers to come together and increase the supply of sustainable aviation fuel (SAF) through the support of start-ups – has increased its investment power to nearly $200 million and added eight new corporate partners, five months after its initial launch. American Express Global Business Travel, […]
Domino’s Pizza, the world’s largest pizza chain, has entered into a new global agreement with Uber to appear on its food delivery platform. The agreement allows U.S. customers to order Domino’s pizza and wings through the Uber Eats and Postmates apps with delivery by Domino’s own drivers and its franchisees. The initial U.S. rollout of […]
AMD announced plans to invest $400 million in India over the next five years. The planned investment includes a new AMD campus in Bangalore, Karnataka that will serve as the company’s largest design center, as well as the addition of approximately 3,000 new engineering jobs by the end of 2028. The new AMD campus is […]
SAN FRANCISCO — Silicon Valley Bank, now a division of First Citizens Bank, announced that 16-year SVB veteran Jackie Spencer has been named the new Head of Relationship Management for Life Science and Healthcare Banking. The company also announced that 26-year SVB veteran Megan Scheffel was named Head of Credit Solutions for the Life Science and Healthcare practice. Spencer and Scheffel […]
Stanford University was recognized with a conference-best 229 student-athletes named to the Pac-12 Spring Academic Honor Roll. A total of 1,255 student-athletes were recognized for their work in the classroom. Any student-athlete on their respective team roster with a cumulative grade-point average of 3.3-or-above, and who has served at least one year in residence at the […]
OAKLAND — Pacific Gas and Electric Company (PG&E) announced keynote speakers for its Innovation Summit 2023 on July 25, featuring a one-on-one conversation and Q&A between Patti Poppe, Chief Executive Officer of PG&E Corporation, and Elon Musk, Chief Executive Officer of Tesla and owner of Twitter. The first-of-its-kind summit for PG&E brings together entrepreneurs, start-ups, thought leaders, utility peers, […]
SAN FRANCISCO — Simbe Robotics, a company leveraging AI and robotics to elevate the performance of retailers with real-time insights into inventory and operations, has secured a Series B financing round of $28 million, led by venture capital firm Eclipse. Simbe has now raised $54 million to date. “We’re honored to be supported by an […]
SAN FRANCISCO – 6sense, which operates a platform for B2B organizations to manage revenue, has secured new debt financing totaling $100 million comprising a senior secured revolving credit facility from Silicon Valley Bank (SVB), a division of First Citizens Bank. 6Sense says it had revenue growth in fiscal 2023 of 70% . “Our relentless focus on execution […]
Bessemer Venture Partners has promoted Kate Walker to Vice President. She joined the firm in 2021. Kate primarily focuses on early-stage vertical software and internet opportunities. As a creative and strategic investor, Kate works closely with portfolio companies to develop go-to-market strategies and operating plans, recruit talent, and navigate key decisions. In her time at […]
SANTA CRUZ — Joby Aviation, a publicly-traded company developing all-electric aircraft for commercial passenger service, announced it has received a Special Airworthiness Certificate for the first aircraft built at its Pilot Production Line in Marina, CA. Issued by the Federal Aviation Administration, the certificate allows Joby to begin flight testing of its first production prototype. […]
Discount carrier Spirit Airlines has launched new, nonstop service from its seventh California airport this month at San José Mineta International Airport (SJC). The launch includes two daily flights to Las Vegas (LAS) and daily flights to Dallas-Fort Worth (DFW) and San Diego (SAN). It also provides an easy gateway for visitors to fly to […]
OAKLAND –– A total of 77 locally-owned Northern and Central California restaurants will receive a financial boost from the California Restaurant Foundation (CRF) and The PG&E Corporation Foundation (PG&E Foundation) through grants to invest in equipment upgrades, workforce training and more — all intended to help increase their longevity and business success. The PG&E Foundation’s $900,000 charitable contribution to CRF […]