News about Silicon Valley business almost everyday.
SAN FRANCISCO — Venture Capital (VC) investment in healthcare grew to $23 billion in 2024, from $20 billion in 2023, as artificial intelligence (AI) clearly established product fit in the healthcare sector, according to the latest market insights report from Silicon Valley Bank (SVB), a division of First Citizens Bank. AI continues to take center stage, especially across biopharma, with 30% of […]
SAN FRANCISCO — Speak, an app that helps tutor users in English, has raised $78 million Series C round at a $1 billion valuation. Accel led the round with support from existing investors including the OpenAI Startup Fund, Khosla Ventures, and Y Combinator among others. This marks the company’s second raise this year, with its […]
MILPITAS — RoboForce, the world’s most advanced “Robo-Labor” provider, has raised $10 million in early stage funding with support from investors such as Nobel Laureate Myron Scholes, co-founder of Softbank VC (SBVC) Gary Rieschel, and Carnegie Mellon University. With this funding, RoboForce is emerging from stealth as it prepares to deploy its Robo-Labor this year for early customers, for whom […]
PALO ALTO — Rembrand, a developer of In-Scene Media and Virtual Product Placement technology, has raised $23 million in Series A financing to expand and fuel the already rapid growth of the company. The round was led by super{set} and included participation from The Trade Desk and Naver D2SF plus existing investors such as BOLD, the […]
SUNNYVALE — Mojave Energy Systems, founded to change the nature of air conditioning, has raised $9.5 million in Series A funding. The Series A round was led by existing investors Fifth Wall and At One Ventures, with participation from returning investors Myriad Venture Partners, Starshot Capital, Alumni Ventures Group, and new investor Earth Venture Capital. The new capital will be used to accelerate the adoption […]
SAN FRANCISCO — Boon AI (boon), an AI-powered workflow platform for commercial fleets, is launching to transform supply chain and logistics by delivering a single system to automate repetitive manual tasks. boon already works with dozens of companies, deploying its AI agent to take on tasks for customers after mimicking manual workflows for just a […]
SAN FRANCISCO — AI isn’t just making fraud smarter – it’s making it nearly impossible to catch. With global losses hitting $486 billion annually, Bureau announced $30 million in Series B to level the playing field. A leading risk intelligence platform, which has seen its revenue grow 3x since it’s last fundraise, is arming businesses with AI […]
SANTA CLARA — Defense company Anduril is partnering with Archer in an exclusive partnership to jointly develop a hybrid Vertical Take Off and Landing (VTOL) aircraft for critical defense applications targeting a potential program of record from the Department of Defense (DOD). With Archer’s ability to rapidly develop advanced VTOL aircraft using existing commercial parts […]
SAN JOSE — Ayar Labs, a provider of optical interconnect solutions for large-scale AI workloads, today announced it has secured $155 million in financing led by Advent Global Opportunities and Light Street Capital to break down the AI bottleneck of data movement with its optical I/O technology. This brings the company’s total funding to $370 […]
MENLO PARK — National Grid Partners, the corporate venture capital arm of the National Grid utility company, has surpassed $500 million deployed since its founding in 2018 to improve the aging power grid and accelerate the utility industry into the next era. The group also reported that nearly 80% of its portfolio companies have strategically engaged with […]
SAN FRANCISCO — Crusoe, the industry’s first vertically integrated AI infrastructure provider, has closed a $600 million Series D funding round. The investment was led by Founders Fund, with participation from new and existing investors, including Fidelity, Long Journey Ventures, Mubadala, NVIDIA, Ribbit Capital, and Valor Equity Partners. Through its innovative approach, Crusoe has established […]
OAKLAND — Albert Invent, an R&D platform that accelerates chemical innovation in materials science using AI, has raised a $22.5 million Series A funding round led by Coatue, with participation from TCV, Index Ventures, F-Prime, and Homebrew. As part of the announcement, the company also introduced Albert Breakthrough, the first-ever AI solution built specifically for […]