News about Silicon Valley business almost everyday.
Enphase Energy announced it will reduce its global workforce by approximately 10%, impacting approximately 350 contractors and employees. The company will streamline operations by ceasing contract manufacturing operations in two locations—Timisoara, Romania and Wisconsin in the United States—and resizing other contract manufacturing sites. In addition, Enphase plans to continue hiring and travel freeze through 2024 […]
MOUNTAIN VIEW — ImpriMed, a precision medicine startup focused on leveraging artificial intelligence to improve cancer treatment, has closed a $23 million Series A funding round, led by SBVA. HRZ Han River Partners, SK Telecom, KDB Silicon Valley, Ignite Innovation Fund, Samyang Chemical Group, Murex Partners, and Byucksan also participated in this round. The funding […]
Palo Alto Police are investigating an armed robbery that occurred after midnight Wednesday at a Taco Bell restaurant. The victim was not physically injured. The suspect is unknown and at large. On Wednesday, December 20, 2023, at about 12:46 a.m., the Palo Alto 24-hour dispatch center received a call reporting an armed robbery that had […]
PALO ALTO — The law firm of Wilson Sonsini Goodrich & Rosati announced that the firm has elected 20 new partners from its attorney ranks. The promotions will be effective February 1, 2024. “While each class is unique in many ways, we believe each group reflects the strengths and diversity of our talent pipeline,” said Doug […]
SAN MATEO — TuMeke, a computer vision platform that automatically assesses injury risk in manufacturing facilities, has raised $10 million in a Series A funding round led by Intel Capital to expand and scale the TuMeke team of engineers, ergonomists, and academics. “Workplace musculoskeletal injuries are commonplace across industries, but keeping your workers safe should be […]
SAN FRANCISCO – Zelda Ventures, a new investment firm founded and led by General Partner Suzanne Fletcher, has closed its first fundraise with an oversubscribed $33 million debut fund. The pre-seed fund invests in the next companies of founders whom Suzanne has already invested in. “Zelda Ventures is the culmination of decades spent nurturing entrepreneurial talent […]
SAN FRANCISCO – California Attorney General Rob Bonta has announced a $700 million multi-state settlement with Google resolving allegations that the company violated state and federal laws by monopolizing the Android smartphone application market. The settlement in State of Utah et al. v. Google LLC provides significant monetary returns to California consumers and includes injunctive terms to open up the markets […]
It’s been the year of AI, so why not use it to clamp down on unwanted parties this New Year’s Eve? Airbnb says it is implementing restrictions on certain bookings over New Year’s Eve that aim to reduce the risk of unauthorized and disruptive parties in local neighborhoods, and will be deploying AI-powered technology to […]
CHICAGO and SUNNYVALE — McDonald’s Corporation, one of the world’s leading fast-food chains, has announced plans for a new multi-year, global partnership to connect Google Cloud technology across thousands of its restaurants worldwide. McDonald’s plans to leverage a wide range of Google Cloud’s hardware, data, and AI technologies to implement innovation faster and create even better experiences […]
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 […]