CUPERTINO — Apple — the world’s most valuable company — has introduced the new iPad mini featuring the A17 Pro chip and Apple Intelligence, the easy-to-use personal intelligence system that understands personal context to deliver intelligence that is helpful and relevant while protecting user privacy. With a beloved ultraportable design, the new iPad mini is […]
Police Arrest Two for Vandalizing Stanford Shopping Center
PALO ALTO – Police arrested two suspects last week in connection with a vandalism at the Stanford Shopping Center that occurred last Monday night. One officer was injured attempting to apprehend the fleeing suspects. On Monday, October 7, 2024, at about 6:00 p.m., officers were at the Stanford Shopping Center monitoring a demonstration occurring at that […]
Best Day Brewing Serves Up $22 Million in Funding
SAUSALITO — Best Day Brewing, a fast-growing, non-alcoholic craft beer brand, has announced $22.5 million in total funding raised in 2024 from new partners and existing investors – showcasing the high-level of confidence in the industry, brand, and Best Day’s product. Since joining the non-alcoholic market in 2022, Best Day quickly emerged as a fast-growing brand […]
Galileo Reels In $45 Million Series B
SAN FRANCISCO — Galileo, a provider of generative AI evaluation and observability for enterprises, has raised $45 million in Series B funding led by Scale Venture Partners, with participation from Premji Invest, bringing the company’s total funding to $68 million. The company reports 834% revenue growth since the beginning of 2024. During this time, the company quadrupled its […]
CalTrain Launches Fully Electric Service From San Francisco to San Jose
Caltrain has launched a new electrified schedule, bringing the 160-year-old San Francisco-San Jose rail corridor from diesel power to electric. Caltrain is currently running 100% renewable, zero-emission service from San Francisco to San Jose for the first time. The new high-performance, state-of-the-art electric trains offer a better experience for Caltrain riders. Caltrain service is now faster and […]
Mercor Secures $30 Million Series A
SAN FRANCISCO — Mercor has secured a $30 million Series A round at a $250 million valuation. The round was led by Victor Lazarte and Bill Gurley at Benchmark, with participation from General Catalyst, Peter Thiel, Jack Dorsey, Adam D’Angelo, Larry Summers, Chris Re, and others. Victor Lazarte at Benchmark will be joining the board to continue supporting Mercor’s growth and development. [Photo above: Co-founders Adarsh Hiremath, Brendan Foody, […]
Former CEO of AI Start-up Skael Charged With Fraud
SAN FRANCISCO – A federal grand jury indicted Baba Nadimpalli, the founder and former Chief Executive Officer of SKAEL, Inc. (SKAEL), with securities and wire fraud for defrauding investors and misleading them about the company’s revenue, annual recurring revenue (ARR), and other financial and sales information. According to an indictment filed Jan. 17, 2024 and […]
Visa Hit by Justice Department Lawsuit
The Justice Department has filed a civil antitrust lawsuit against San Francisco-based Visa for monopolization and other unlawful conduct in debit network markets in violation of Sections 1 and 2 of the Sherman Act. Filed in the U.S. District Court for the Southern District of New York, the complaint alleges that Visa illegally maintains a […]
Twelve Raises $645 Million
BERKELEY — Twelve, a carbon transformation company that converts captured carbon dioxide into valuable chemicals, fuels, and other essential products typically made from fossil fuels, has secured $645 million in funding. This raise is a strategic mix of capital which includes $400 million in project equity led by TPG Rise Climate, $200 million in Series C […]
Ferrum Health Scores $16 Million
SAN FRANCISCO — Ferrum Health, a developer of software for deploying AI into health systems, has raised $16 million in a Series A funding round led by Foundry, with participation from Catalyst by Wellstar, Headwaters Ventures, and UnitedHealthcare Accelerator. Prior investors that also rejoined the current round include Blumberg Capital, Cercano, GSR, Urban Innovation Fund, and Singtel Innov8. […]
UJET Soars With $76 Million Series D
SAN FRANCISCO — UJET, Inc., a leading provider of AI-powered cloud contact center solutions, has closed its latest round of funding led by Sapphire Ventures, with participation from new investors KeyCorp and IonPacific, and existing investors GV, Kleiner Perkins, Citi Ventures, DCM, and Ericsson Ventures. UJET’s latest funding round brings the total in Series D […]
Californians Can Now Use IDs in Apple Wallet
Apple announced California driver’s licenses and state IDs can now be added to Apple Wallet, enabling residents to seamlessly and securely add and present their IDs using iPhone or Apple Watch.1 The launch of California driver’s licenses and state IDs in Apple Wallet will roll out as part of the California DMV’s broader mobile driver’s […]