News about Silicon Valley business almost everyday.
SAN FRANCISCO — Point One Navigation, a provider of precision location technology, has launched out of stealth mode and closed a $10 million Series A round of funding. The round was led by UP.Partners, with participation from existing investors including BOLT, IA Ventures and Ludlow Ventures. Point One Navigation’s API is a helpful solution for […]
SAN JOSE — McAfee Corp., a provider of computer security and virus protection, has agreed to be acquired by an investor group led by Advent International Corporation and Permira Advisers LLC, Crosspoint Capital Partners, Canada Pension Plan Investment Board, GIC Private Limited, and a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”). The […]
SAN FRANCISCO and MENLO PARK — Nextdoor, Inc., which operates a social neighborhood network, is set to go public tomorrow with Khosla Ventures Acquisition Co. II (Nasdaq: KVSB) (“KVSB”), a special purpose acquisition company sponsored by an affiliate of venture capital firm Khosla Ventures, LLC. The combined company is expected to start trading on The New York […]
OAKLAND — Babylist, an e-commerce platform for baby products, has raised $40 million in Series C funding led by new investor Norwest Venture Partners, with participation from Halogen Ventures, 500 Global, Next Play Capital, and Marcy Venture Partners. Babylist says it is profitable and will use the new capital to expand its ability to serve […]
Instacart is partnering with the nation’s largest low-priced chain, Dollar Tree, to deliver low-priced goods directly to customers. The delivery service is expanding its partnership nationally with Dollar Tree. Now same-day delivery in as fast as one hour via Instacart is now available from nearly 7,000 Dollar Tree stores nationwide. Instacart will be offering in-store […]
BERKELEY — Twelve announced it has produced the first fossil-free jet fuel called E-Jet from carbon dioxide (CO2) electrolysis, demonstrating a scalable, energy-efficient path to the de-fossilization of global aviation. This project was supported through funding from the U.S. Air Force and produced fuel globally applicable for both commercial and military aviation. Global aviation produces […]
REDWOOD CITY — Reltio, which offers a software-as-a-service (SaaS) data platform for businesses, has secured $120 million in funding led by investment firm Brighton Park Capital, with participation from existing investors Crosslink Capital, NewView Capital, RPS Ventures, Sapphire Ventures, and .406 Ventures. To date, Reltio has raised $237 million in total funding and is valued […]
DUBLIN — Vagaro, a cloud-based business management platform for beauty, fitness and wellness businesses, has raised a new round of funding led by FTV Capital. Vagaro wouldn’t reveal the exact terms of the investment but said it values the company at $1 billion. With the investment from FTV Capital, Vagaro plans to focus on continued […]
MOUNTAIN VIEW — Treasure Data, an enterprise customer data platform (CDP), has secured $234 million in funding, becoming the largest-ever single funding round for a CDP. The investment is led by SoftBank Corp., the Japan-based operating company, with participation from Carbide Ventures, an investment firm founded by Treasure Data founders and long-time executives. The new capital will be […]
Amazon has launched a new facility for quantum computing at the California Institute of Technology (Caltech) with the ambitious goal of building a “fault-tolerant” quantum computer. Teams from Amazon Web Services (AWS) will focus on developing more powerful quantum computing hardware and identifying new applications for quantum technologies. Here are five challenges they’ll be wrapping […]
Alphabet’s Chief Financial Officer Ruth Porat announced an expansion of the Google Career Certificates program, including added partnerships with community colleges, translating Google Career Certificates into college credit and partnering with four-year universities to prepare students for in-demand jobs. 1. Providing community colleges with free access to Google Career Certificates Community colleges are critical to […]
MOUNTAIN VIEW — Nuro, a maker of autonomous delivery vehicles, has scored a massive $600 million round of financing led by Tiger Global Management with participation from Baillie Gifford, Fidelity Management & Research Company, LLC, Gaorong Capital, Google, Kroger, SoftBank Vision Fund 1, funds and accounts advised by T. Rowe Price Associates, Inc., Woven Capital, […]