2022 was the year that technology stocks came crashing back to Earth. The Nasdaq stock market, where most technology stocks are listed, was down 33% for the year. The Dow Jones Industrial Average dropped 8.8% and the S&P 500 was down 19.4% for the year. With increasing interest rates and war in Ukraine, investors put […]
Tredence Raises $175 Million Series B
SAN JOSE — Tredence, a Data Science and AI Solutions company based in San Jose, has raised $175 million in Series B funding from private equity firm Advent International to accelerate data-fueled growth and AI value realization for industries. Advent will acquire a minority stake in Tredence with the $175 million investment. Advent has significant […]
Salvation Army Needs More Donations
In 2022, inflation soared to 8.3 percent, drastically affecting the ability of nearly 92 million Americans to afford the cost of living and basic needs such as rent, mortgage, utilities, gas, and food. Even more, approximately 200 million now live paycheck-to-paycheck. The escalation of costs has increased requests for assistance by 30-50 percent in many […]
BillionToOne Scores $48.5 Million
MENLO PARK — BillionToOne, Inc., a molecular diagnostics company, has secured an additional $48.5 million of funding from existing equity investors as well as upsized its Term Loan Facility with access to up to $35 million, with its existing lender, Bridge Bank. With this additional funding, the Company has raised over $280 million since its first commercial product launch just three […]
Apple Introduces Freeform Collaboration App
Apple has introduced a new app this month, Freeform, included in the latest versions of iOS, iPadOS, and macOS. Freeform helps users organize and visually lay out content on a flexible canvas, giving them the ability to see, share, and collaborate all in one place without worrying about layouts or page sizes. Users can add […]
Quadric Adds $10 Million to Series B Funding
BURLINGAME – Quadric, a licensor of general purpose neural processing unit (GPNPU) IP, has completed an extension of its Series B funding round, raising an additional $10 million of equity and debt financing in addition to the $21 million equity investment announced in February of this year. Xerox Ventures and Mesh Ventures are the latest […]
Gladly is Glad to Raise $55 Million
SAN FRANCISCO — Gladly, which operates a customer service platform, has secured $55 million in funding from Riverwood Capital, with participation from existing investors including Greylock, GGV, NEA and Glynn Partners. The investment will be used to support innovation of Gladly’s people-centered customer service platform, used to assist commerce brands in moving from the transaction […]
WhatsApp Adds Improved Calling Features
WhatsApp, a division of Meta, has introduced new features to improve calls on its service. Here are some of the improvements: 32-person calls: You can now start a video or voice call on your mobile device with up to 32 people — four times the previous amount. Message or mute participants: Long pressing on a participant will […]
CyberCube Lands $50 Million in New Capital
SAN FRANCISCO — CyberCube, a provider of cyber risk analytics, has landed $50 million in additional growth capital from investment funds managed by Morgan Stanley Tactical Value (Morgan Stanley), with continued participation from all existing investors Forgepoint Capital, Hudson Structured Capital Management (Bermuda) Ltd., MTech Capital, and key investors from Stone Point Capital. Scott G. Stephenson, […]
Ganymede Bio Reels in $12.75 Million Series A
PALO ALTO — Ganymede Bio, the cloud infrastructure provider built for the life sciences and manufacturing industries, has raised a $12.75 million Series A funding round, led by Caffeinated Capital. This follows a $2.9 million seed round completed earlier this year, bringing the total to over $15.6 million. Founded in 2022, the company has exceeded […]
Postal Service to Buy 66,000 Electric Vehicles
The United States Postal Service plans to buy at least 66,000 battery electric delivery vehicles as part of its 106,000 vehicle acquisition plan for deliveries between now and 2028. The vehicles purchased as part of this plan will begin to replace the Postal Service’s aging delivery fleet of over 220,000 vehicles. New electric vehicles are […]
Doordash Lays Off 311 Workers in San Francisco, 75 in LA
Doordash, the nation’s leading food delivery service, has laid off 311 workers at its headquarters in San Francisco according to a WARN filing with the state of California. The company had announced it would cut 1,250 jobs on November 30. Another 75 were cut at its Los Angeles offices according to a separate WARN filing. […]