News about Silicon Valley business almost everyday.
SAN FRANCISCO — Backer, a fintech company focused on tax-advantaged 529 Savings Plans, has raised $9.5 million in a Series A round of financing. It has also acquired Saving For College, a 529-related media property and education savings resource that millions of American families rely on each year. “From day one, our mission has been […]
Google released its Threat Analysis Bulletin for the month of October. This bulletin includes coordinated influence operation campaigns that were removed from Google’s platforms — primarily YouTube — in the fourth quarter of 2023. The campaigns are mainly from nation states looking to spread propaganda to promote their own governments or against other nations. This […]
SAN FRANCISCO — Distributional has raised $11 million to build an enterprise platform for artificial intelligence (AI) testing and evaluation, with the goal of making all forms of AI safe, secure and reliable. The Seed round was led by Andreessen Horowitz with participation from Operator Stack, Point72 Ventures, SV Angel, Two Sigma, Willowtree Investments and […]
SAN FRANCISCO — Opal Security, a security and access management company, has reeled in $22 million Series B funding, led by Battery Ventures, with participation from existing investors Greylock and Box Group. The round brings Opal Security’s total funding to date to $32 million. Since Opal Security’s 2022 Series A financing, the company says it has […]
Loredana Crisan, Head of Messenger for Meta, wrote the following notice on the company’s website: I’m delighted to announce that we are rolling out default end-to-end encryption for personal messages and calls on Messenger and Facebook, as well as a suite of new features that let you further control your messaging experience. We take our […]
Apple says it’s expanding Self Service Repair for customers, and launching a new diagnostic tool that gives users more transparency and autonomy to troubleshoot issues. Self Service Repair is now available for the iPhone 15 lineup and Mac models powered by the M2 lineup, including the 14- and 16-inch MacBook Pro, the 15-inch MacBook Air, […]
ATLANTA – Barbara Furlow-Smiles, a former global diversity executive at Facebook, has pleaded guilty to stealing more than $4 million from the company utilizing an elaborate scheme involving fraudulent vendors, fictitious charges, and cash kickbacks. “This defendant abused a position of a trust as a global diversity executive for Facebook to defraud the company of […]
Two suspects committed a strong-arm robbery in Palo Alto of a United States Postal Service mail carrier last week, stealing her postal keys and cell phone. The victim sustained moderate injuries and the suspects are at large. On Wednesday, December 6, 2023, at about 1:59 p.m., the Palo Alto Police 24-hour dispatch center received a […]
SAN FRANCISCO — MaintainX, a maintenance and frontline work execution platform, has announced $50 million in Series C funding led by Bain Capital Ventures (BCV) with participation from existing investors Bessemer Venture Partners, Amity Ventures, August Capital and Ridge Ventures. Other strategic new investors include Jeff Immelt the former CEO of GE, Jeff Lawson the […]
SAN FRANCISCO — Armada, an edge computing pioneer redefining the future of connectivity, compute and AI, has emerged from stealth. The company has raised over $55 million in funding, led by Founders Fund, Lux Capital, Shield Capital and 8090 Industries, with participation from Felicis, Contrary, Valor Equity Partners, Marlinspike, 137 Ventures, Koch Real Estate Investments, […]
Apple unveiled the winners of the 2023 App Store Awards, recognizing 14 apps and games that empowered users to unleash their creativity, discover a world of new adventures, and have fun with family and friends. This year’s winners include developers from across the world, whose apps and games were chosen by the App Store’s Editorial team […]
MENLO PARK — Quicken, maker of America’s best-selling personal finance software, has launched Quicken Classic Business & Personal for Mac. The new product is the only offering that provides users with the ability to effortlessly track their business finance activity, alongside their personal finances, such as their investments. Quicken Classic Business & Personal for Mac is a […]