News about Silicon Valley business almost everyday.
Tesla will allow customers of a competing automaker to use their network of superchargers starting next year. Ford Motor Company said it reached an agreement with Tesla Motors that will provide Ford electric vehicle customers access to more than 12,000 Tesla Superchargers across the U.S. and Canada, doubling the number of fast-chargers available to Ford […]
SAN FRANCISCO — Anthropic has raised $450 million in Series C funding led by Spark Capital with participation from Google, Salesforce Ventures, Sound Ventures, Zoom Ventures, and others. The funding will support the company’s continued work developing helpful, harmless, and honest AI systems—including Claude, an AI assistant that can perform a wide variety of conversational […]
SANTA CLARA — Applied Materials plans to invest at least $4 billion to build the world’s most advanced facility for collaborative semiconductor process technology and manufacturing equipment research and development (R&D) right in Silicon Valley. The project is also dependent on receiving federal funding from the $53 billion Chips Act signed last August by the […]
SAN JOSE — Ethernovia, Inc., an automotive software startup, has completed its A-round financing of $64 million. The funding round consists of multiple investors, including Porsche Automobile Holding SE (Porsche SE), Qualcomm Ventures, VentureTech Alliance, AMD Ventures, Western Digital Capital, Fall Line Capital, Taiwania Capital, ENEA Capital and others. As vehicle architectures evolve from domain-centric […]
SAN JOSE — Planera, a visual scheduling and planning solution that helps construction companies build, analyze, and optimize schedules to increase profitability, has raised $5.4 million in seed funding from Sorenson Ventures, Firebolt Ventures, and several prominent construction executives. Developed by a team led by founder Nitin Bhandari, who most recently served as Life360’s Vice President of […]
SAN FRANCISCO — Zip, the world’s only intake-to-pay platform, has announced a $100 million Series C funding round at a $1.5 billion post-money valuation, with investment from Y Combinator, CRV and Tiger Global. This brings Zip’s total funding to $181 million with its prior seed, $25 million Series A and $43 million Series B rounds. […]
MENLO PARK and NEW YORK — Venture capital firm New Enterprise Associates (NEA) has announced several promotions. Aaron Jacobson and Vanessa Larco, both technology investors, have been elevated to senior investing team roles with appointments to the firm’s Venture Capital Investment Committee. NEA also promoted three individuals to Partner: Danielle Lay and Luke Pappas on the technology investing team, and healthcare investor Lily Huang. “We […]
Vacation rental site Vrbo has revealed its 2023 Vacation Homes of the Year which features the most exceptional vacation homes across the U.S. As a bonus, this year’s list also includes a vacation home in Mexico, an international destination that consistently ranks as one of the most popular for U.S. travelers. [Photo above: Palm Springs, […]
A federal court in the Northern District of California has unsealed an indictment of former Apple employee Weibao Wang, 35, formerly of Mountain View, CA, for charges related to his alleged theft and attempted theft of trade secrets in connection with a scheme to access, download, and steal Apple technology related to autonomous systems. According […]
Location-tracking devices like Apple’s AirTag can help users find personal items like their keys, purse, luggage, and more through crowdsourced finding networks. However, they can also be misused for unwanted tracking of individuals. Apple and Google announced they have jointly submitted a proposed industry specification to help combat the misuse of Bluetooth location-tracking devices for […]
SAN FRANCISCO — Slash, an online banking platform, has emerged from stealth with $19 million in seed and Series A funding. The seed and Series A rounds were led by NEA with additional participation from Menlo Ventures, Connect Ventures, Y Combinator, Soma Capital, Global Founders Capital, with participation from angel investors William Hockey, the founder […]
SAN JOSE — Lincoln Law School of San Jose announced that Steve Wozniak, technology innovator, cofounder of Apple Inc., and one-time Dancing With the Stars competitor will serve as keynote speaker for its Scholarship Gala on Friday, May 19th, at 6pm in the San Jose Grand Corinthian Ballroom. Cocktail hour will begin at 5pm. Tickets are available at www.lincolnlawschool.edu/gradgala. “I am absolutely excited […]