News about Silicon Valley business almost everyday.
Instacart, the nation’s leading grocery delivery company, has released its first-ever list of 75 emerging brands for 2022. The company used year-over-year sales data to identify the 75 fastest-growing emerging brands of 2022 on Instacart. On this year’s list you’ll find lots of innovative options in the better-for-you category, including vegetarian meals from brands like […]
The Kroger Co., one of the nation’s largest supermarket chains, is launching floral and sushi delivery on the DoorDash marketplace from stores across the country. The new delivery option through DoorDash marks the latest expansion of the grocer’s seamless experience, providing customers with even more opportunities to get fresh, affordable products. “By offering customer-favorite sushi options and premium floral […]
Public Storage, a publicly-traded owner, acquirer, developer, and operator of self-storage properties, announced the reopening of a facility adjacent to Apple, Inc. offices in Cupertino. The Public Storage at 20565 Valley Green Drive, Cupertino location now features two five-level state-of-the-art buildings that include app-enabled digital property access and account management, eRental capability, and smart security […]
SANTA CLARA — SafeAI, a provider of autonomous solutions for heavy equipment, has landed a $38 million Series B round of funding with investors including Builders VC, McKinley Management, George Kaiser Family Foundation, and Energy Innovation Capital. Additionally, Moog Inc. joined the round as a strategic investor. SafeAI retrofits construction and mining vehicles with aftermarket hardware and proprietary autonomy software […]
PALO ALTO — TripActions — provider of an all-in-one travel, corporate card, and expense management solution — has secured $400 million in credit, consisting of a warehouse debt facility from Goldman Sachs Bank USA, as the senior lender and administrative agent, with a $200 million commitment ($300 million total Program Limit) and an asset-backed lending […]
SAN FRANCISCO — Vevo Therapeutics, a biotechnology company using its Mosaic in vivo drug discovery platform and next generation AI models to uncover better drugs for more patients, has launched with an oversubscribed and upsized $12 million seed financing round. Wing Venture Capital and General Catalyst co-led the round with participation from Mubadala Capital, AIX Ventures, and Camford […]
SAN FRANCISCO — Andersen, a tax and advisory firm based in San Francisco, has announced the promotion of 23 Managing Directors across 11 offices nationwide. Andersen is the founding member of Andersen Global, an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member […]
CUPERTINO — Apple has made the biggest upgrade to pricing capabilities on the App Store since it first launched, providing developers with 700 additional price points and new pricing tools that will make it easier to set prices per App Store country or region, manage foreign exchange rate changes, and more. Since the App Store’s […]
PALO ALTO — Wilson Sonsini Goodrich & Rosati, a law firm that serves technology, life sciences, and growth enterprises worldwide, has elected 18 new partners from its attorney ranks. The promotions will be effective February 1, 2023. Wilson Sonsini is based in Silicon Valley and has 19 offices worldwide. “Our 2023 class of partners is […]
Airbnb is cracking down on unauthorized parties for the New Year’s holiday. The company is introducing restrictions on certain types of bookings over New Year’s Eve. These restrictions will see a ban on one-night bookings of entire home listings for guests without a positive account history – or no previous bookings at all – on […]
LOS ALTOS — Cacheflow, a zero-code SaaS sales platform, has raised a new $10 million investment round led by GV (formerly Google Ventures). Existing investors GGV and Pelion Ventures also participated. Cacheflow has now raised $16 million to date. The new funding will accelerate Cacheflow’s sales and marketing efforts, enabling the company to reach sellers in […]
MOUNTAIN VIEW — Intuit, the global financial technology company that includes TurboTax, Credit Karma, QuickBooks, and Mailchimp, has entered into an agreement to acquire San Francisco-based SeedFi, the partner behind Credit Karma’s Credit Builder, which helps low, or no-credit borrowers build credit while saving money, all for free. Terms of the transaction were not disclosed. Credit Builder offers […]