News about Silicon Valley business almost everyday.
SAN FRANCISCO — Typeface, a generative AI platform for enterprise content creation, has landed $100 million with the close of its Series B round. The oversubscribed round was led by Salesforce Ventures with participation from Lightspeed Venture Partners, Madrona, GV (Google Ventures), Menlo Ventures, and M12 (Microsoft’s Venture Fund). With total capital raised of $165 million at a […]
PALO ALTO — Inflection AI has raised $1.3 billion in a new round of funding led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and new investor NVIDIA. The new funding brings the total raised by the company to $1.525 billion. Along with its partners CoreWeave and NVIDIA, Inflection AI is building the largest AI cluster in […]
SAN FRANCISCO – 6sense, which operates a platform for B2B organizations to manage revenue, has secured new debt financing totaling $100 million comprising a senior secured revolving credit facility from Silicon Valley Bank (SVB), a division of First Citizens Bank. 6Sense says it had revenue growth in fiscal 2023 of 70% . “Our relentless focus on execution […]
Bessemer Venture Partners has promoted Kate Walker to Vice President. She joined the firm in 2021. Kate primarily focuses on early-stage vertical software and internet opportunities. As a creative and strategic investor, Kate works closely with portfolio companies to develop go-to-market strategies and operating plans, recruit talent, and navigate key decisions. In her time at […]
SANTA CRUZ — Joby Aviation, a publicly-traded company developing all-electric aircraft for commercial passenger service, announced it has received a Special Airworthiness Certificate for the first aircraft built at its Pilot Production Line in Marina, CA. Issued by the Federal Aviation Administration, the certificate allows Joby to begin flight testing of its first production prototype. […]
New episodes of the Emmy Award-winning hit “Carpool Karaoke: The Series” premiered Friday on Apple TV+. This season, the stars — sharing a car, singing along to their personal playlists and embarking on new adventures — will include Alanis Morissette, Sheryl Lee Ralph, Avril Lavigne, Cedric the Entertainer, Lea Michele, Alison Brie, Darren Criss, Yungblud, […]
Apple announced Self Service Repair is now available for the iPhone 14 lineup and additional Mac models, including the 13-inch MacBook Air and MacBook Pro powered by M2. Since April 2022, Self Service Repair has given anyone with experience repairing electronic devices access to the same manuals, genuine Apple parts, and tools used at Apple […]
Discount carrier Spirit Airlines has launched new, nonstop service from its seventh California airport this month at San José Mineta International Airport (SJC). The launch includes two daily flights to Las Vegas (LAS) and daily flights to Dallas-Fort Worth (DFW) and San Diego (SAN). It also provides an easy gateway for visitors to fly to […]
OAKLAND –– A total of 77 locally-owned Northern and Central California restaurants will receive a financial boost from the California Restaurant Foundation (CRF) and The PG&E Corporation Foundation (PG&E Foundation) through grants to invest in equipment upgrades, workforce training and more — all intended to help increase their longevity and business success. The PG&E Foundation’s $900,000 charitable contribution to CRF […]
SAN FRANCISCO – MindsDB, one of the fastest-growing open-source AI projects in the world, has announced an additional $25 million financing with new lead investor Mayfield, along with participation from TQ Ventures and existing investor Benchmark Capital, bringing total seed capital raised to $41.5 million and total funds raised to $50 million. With the increasing […]
MENLO PARK — Pear VC says it has closed its 4th fund at $432 million focused on seed ventures. This oversubscribed fund by Pear is one of the largest seed funds raised in recent years, marking a bright spot in an otherwise choppy VC environment. The funding will be used to continue doubling down in one […]
PALO ALTO — Hippocratic AI launched out of stealth this month to announce the industry’s first safety-focused Large Language Model (LLM) designed specifically for healthcare, as well as a $50M seed round co-led by General Catalyst and Andreessen Horowitz. Large language models (LLMs) and Foundation Models (FMs) like ChatGPT and GPT-4 have surprised the world with their […]