News about Silicon Valley business almost everyday.
More than half of tech hiring managers (54%) say their companies are likely to conduct layoffs within the next year, and 45% say employees whose roles can be replaced by AI are most likely to be let go, according to a new study by talent and upskilling leader General Assembly. At the same time, 69% say it’s […]
SAN JOSE — Uniqus Consultech, a global platform that offers consulting solutions in the accounting & reporting, finance operations, governance, risk, ESG, and technology domains, has secured $20 million in Series C funding. The round was led by Nexus Venture Partners, with participation from Sorin Investments. Nexus and Sorin are existing investors in Uniqus. The funds will […]
SANTA CLARA — Auradine, Inc., a provider of energy-efficient solutions for blockchain and AI infrastructure, has announced closing of an additional $153 million in connection with its Series C funding round. The oversubscribed round was led by StepStone Group and included participation from Maverick Silicon, Premji Invest, Samsung Catalyst Fund, Qualcomm Ventures, Mayfield, MARA Holdings, GSBackers and other […]
SAN FRANCISCO — Kenzo Security has emerged from stealth after 18 months with $4.5 million in funding from The General Partnership and Michael Coates (former CISO of Mozilla and Twitter). Its Agentic AI Security Operations Platform is purpose-built to help CISOs and security teams do more with less while actually reducing risk. Kenzo was founded by Harish Singh […]
SAN FRANCISCO — LightSource Labs Inc., an AI-native enterprise procurement platform, has emerged from stealth and announced $33 million in seed and Series A funding at a $130 million valuation. The round was co-led by Lightspeed Venture Partners and Bain Capital Ventures, with participation from J2 Ventures. The platform is designed to modernize both strategic […]
SAN FRANCISCO — Goodfire, an AI interpretability research company, has landed a $50 million Series A funding round led by Menlo Ventures with participation from Lightspeed Venture Partners, Anthropic, B Capital, Work-Bench, Wing, South Park Commons, and other notable investors. This funding, which comes less than one year after its founding, will support the expansion of […]
SAN MATEO — Hammerspace, a high-performance Data Platform for AI, announced that several strategic venture investors have invested $100 million in new strategic growth capital. Altimeter Capital and ARK Invest are among the investors. The remainder of the funding round was filled out by a combination of new and existing investors. Data performance has evolved […]
MENLO PARK — Mainspring Energy Inc. has secured $258 Million in a Series F financing round to expand the company’s linear generator power business and operations as it grows in both manufacturing and customer sales. The company also has added two Board members with deep energy and tech industry operating experience – Tom Linebarger, former Chairman and […]
SAN FRANCISCO — Tessell, a multi-cloud database-as-a-service (DBaaS) that enables enterprises and startups to accelerate database, data, and application modernization journeys at scale, has locked in a $60 million Series B funding round, bringing total funding to $94 million. The round was led by WestBridge Capital, with continued strong participation from Lightspeed Venture Partners and new investments […]
SAN FRANCISCO — Groundcover, an eBPF-driven observability platform for modern architectures, has raised $35 Million in Series B funding led by Zeev Ventures with follow-up participation from Angular Ventures, Heavybit, and Jibe Ventures. This brings the company’s total funding to $60 Million USD, which will be used to aggressively expand in the USA, where it has seen success […]
MOUNTAIN VIEW — Nuro, Inc., a developer of autonomous driving technology, has raised $106 million so far in its ongoing Series E funding round, which values the company at $6 billion. The round includes participation from new and returning investors, as well as strategic partners. Investors include funds and accounts advised by T. Rowe Price Associates, Inc., Fidelity Management […]
PALO ALTO — NEC X, the Silicon Valley venture studio backed by Japan’s NEC Corporation, has announced a strategic investment in SeafoodAI, an innovative startup revolutionizing sustainable seafood with real-time biometric data and AI-powered traceability. The announcement coincides with SeafoodAI’s graduation from NEC X’s Elev X! Ignite program. The amount invested was not disclosed. SeafoodAI addresses […]