News about Silicon Valley business almost everyday.
LOS GATOS — ServiceUp, an autotech startup that provides an unique end-to-end full-service car repair experience, has secured its Series A funding of $14.5 million. Global investment firm Tiger Global led the round, along with participation from Hearst Ventures and Chaos Ventures. Founded in early 2021, the South Bay startup connects consumers, via the ServiceUp app, to a ServiceUp […]
SAN FRANCISCO — Kumo, a graph machine learning-centered AI platform that allows anyone in an organization to harness the power of data to make faster, simpler, and smarter predictions, has raised $18 million in Series B funding led by Sequoia Capital. This latest round also includes participation and/or advisorship from existing and new investors including […]
Meta is introducing new features that will make it easier for people on Facebook and Instagram to access, create and navigate between multiple accounts and profiles. The company says it knows that many people use more than one of its apps to pursue different interests, reach a broader audience or share different aspects of who […]
SAN FRANCISCO — Bessemer Venture Partners says it has closed $4.6 billion in new capital across two funds—$3.85 billion for its twelfth flagship fund, BVP XII, and $780 million for its inaugural BVP Forge fund. These two new funds allow the firm to back entrepreneurs and management teams across all stages of growth, regardless of […]
SAN JOSE – Roku, Inc. announced that three senior executives have been named as presidents of the company’s media, devices, and consumer experience business areas. Media industry veteran Charlie Collier will be joining Roku as President, Roku Media, effective in late October, based in New York. Under Collier’s leadership, Roku Media will reinforce Roku’s commitment […]
SAN FRANCISCO — DocuSign has named Allan Thygesen as its new Chief Executive Officer. Allan will begin leadership of the company and a role on DocuSign’s Board of Directors, effective October 10th. Mary Agnes “Maggie” Wilderotter will conclude her role as interim CEO with this appointment and will help Allan with a smooth transition. She will continue […]
YouTube says it has paid the music industry $6 billion in ad revenue sharing and subscriptions for the 12 months between July 2021 and June 2022. This is a $2 billion increase from the $4 billion contribution announced in 2021. The announcement was made by Lyor Cohen, Global Head of Music for YouTube. YouTube, owned by […]
DoorDash has inked a partnership with DICK’S Sporting Goods, the nation’s leading sporting goods chain, to offer on-demand delivery from more than 700 stores across 47 states, including Washington D.C. DICK’S Sporting Goods is DoorDash’s first sporting goods and apparel retail partner for on-demand delivery. DICK’S Sporting Goods is available on the DoorDash marketplace to […]
The NFL (National Football League) announced Apple Music as the new partner for the Super Bowl Halftime Show. The multi-year partnership brings together the Super Bowl Halftime Show, the most-watched musical performance of the year, with Apple Music, which celebrates musicians, songwriters, producers and fans, and offers the world’s best music listening experience with a […]
MTV U.K. has joined forces with eBay to revive Pimp My Ride — a fan-favorite automotive makeover show from the 2000s — for a six-part YouTube series, hosted by British rapper Lady Leshurr. Each 15-minute episode sees Leshurr alongside British autoshop Wrench Studios as they transform everything from a restored 1966 Volkswagen Beetle to a […]
Apple has landed the global rights to a new documentary featuring superstar singer Selena Gomez titled, “Selena Gomez: My Mind and Me,” directed and produced by Alek Keshishian (“Madonna: Truth or Dare”). After years in the limelight, Selena Gomez achieves unimaginable stardom. But just as she reaches a new peak, an unexpected turn pulls her […]
Lowe’s, the nation’s second-largest home improvement chain, says that same-day delivery is now available with Instacart from more than 1,700 Lowe’s stores nationwide. Nearly 30,000 items can be ordered for delivery from local Lowe’s stores in as fast as an hour, freeing up customers to spend more time sprucing up, decorating and making holiday memories […]