News Real Estate

Atherton Most Expensive Zip Code in the Country

For the third year in a row, 94027 in Atherton, CA, is the most expensive zip code in America in 2022 according to RealtyHop, with a median price of $9,000,000, increasing 0.56% from $8,950,000 in 2021. California has 59 of the most expensive zip codes, the most of any state. Los Angeles has the highest […]

News

C3.ai Shares Soar 133% in 2023

Shares in C3.ai were up 18% Friday to close at $25.68 and are up 133% so far in 2023. The company provides enterprise businesses with AI applications which is the hot technology in Silicon Valley after the release of ChatGPT in November. Last week, C3.ai announced the launch of the C3 Generative AI Product Suite […]

Apple

Apple Reports 5% Revenue Decline

CUPERTINO — Apple announced financial results for its fiscal 2023 first quarter ended December 31, 2022. The Company posted quarterly revenue of $117.2 billion, down 5 percent year over year, and quarterly earnings per diluted share of $1.88. Sales of the iPhone were $65.7 billion in the quarter, down from $71.6 billion a year earlier. […]

Venture Capital

Cloudian Reels In $60 Million Funding

SAN MATEO — Cloudian announced that it closed $60 million in new funding, bringing the company’s total funding to $233 million. The round includes participation from Digital Alpha, Eight Roads Ventures Japan, INCJ, Intel Capital, Japan Post Investment Corporation, Silicon Valley Bank, Tinshed Asia, Wilson Sonsini Investments, and strategic investors. This latest investment reinforces Cloudian’s […]

Venture Capital

Akia Scores $6 Million Series A

SAN FRANCISCO — Akia, operator of a customer experience automation platform, has scored a $6 million Series A funding round. Altos Ventures led the financing with additional participation from GSR Ventures, who led the previous seed round. Since launching in 2019, Akia says it has achieved 3x year-over-year growth, operating primarily in hospitality. The current […]

News

PayPal Laying Off 2,000 Workers

PayPal, which operates a global payment service under the PayPal and Venmo brands, is adding to the layoff list in Silicon Valley. President and CEO Dan Schulman said the company would eliminate 2,000 jobs or 7% of its workforce due to a “challenging macro-economic environment.” Schulman said the reductions will occur over the coming weeks, […]

News

Doordash Founders to Sell 6.6 Million Shares of Stock

Doordash, the nation’s leading food delivery service, says its three co-founders will sell a combined 6.6 million shares of stock by this spring. At current share prices, the trio could reap over $369 million after the sales. CEO Tony Xu, Chief Technical Officer Andy Fang, and Chief Product Officer Stanley Tang — all Stanford grads […]

News

PayEm Lands $220 Million Financing

SAN FRANCISCO — PayEm, a platform for spend and procurement management, has landed $220 million in equity and credit financing from Viola Credit, Mitsubishi Financial Group, Collaborative Fund and others to fuel its growth. “This is a significant milestone in the company’s growth. Our new warehouse credit facility allows us to scale our credit cards operation and support […]

News

Silicon Valley Airport Gets New Name

SAN JOSE — Silicon Valley’s home airport is getting a slight new name change. Instead of Mineta San Jose International Airport, the airport will now be known as San José Mineta International Airport (SJC). The airport was named for the late congressman and Secretary of Transportation Norman Mineta in 2001. He passed away last year. […]

Meta

Meta to Offer Immersive NBA Games in VR

The National Basketball Association (NBA) and Meta are extending their partnership for several years that will feature a new virtual reality experience for fans through Meta Horizon Worlds via Meta Quest, the official VR headset of the NBA and WNBA.  The NBA Arena in Meta Horizon Worlds experience will feature live NBA League Pass games in […]

Venture Capital

Angle Health Lands $58 Million Series A

SAN FRANCISCO — Angle Health, a digital-first, fully-licensed health insurance provider, has landed $58 million in Series A funding led by Portage. Its latest round also included participation from PruVen Capital, Wing Venture Capital, SixThirty Ventures, Mighty Capital, Wormhole Capital, Mindset Ventures, Crew Capital, Aloft VC, and Pilot founder Waseem Daher; and support from existing investors Blumberg Capital, Correlation Ventures, […]

Venture Capital

Netskope Raises $401 Million

SANTA CLARA – Netskope, a cloud security company, has raised $401 million in an oversubscribed investment round. The financing was led by investment funds managed by Morgan Stanley Tactical Value, with participation from Goldman Sachs Asset Management, Ontario Teachers’ Pension Plan, and CPP Investments. Netskope plans to extend its technology and platform advantages and market reach […]