News about Silicon Valley business almost everyday.
SAN FRANCISCO and BERLIN — Headline, a global venture capital firm, has closed $954 million in new capital across three distinct early-stage funds: Headline US VII, a $408M North America-focused fund based out of San Francisco; Headline EU VII, a €320M pan-Europe-focused fund based out of Berlin; and Headline Brazil III, a R$915M Latin America-focused […]
SANTA CLARA — With mortgage rates on the rise, it’s now more practical in over 3/4 of the country to rent homes over first-time buying. Nationally, the gap between monthly starter homeownership costs and rents widened by 25.5 percentage points (+$483) from January to June, according to the Realtor.com Monthly Rental Report. Additionally, more than […]
Netflix is the most-watched streaming service according to data from Nielsen. For the month of June, streaming made up 33.7% of total television viewing according to The Gauge, Nielsen’s monthly total TV and streaming snapshot. This is streaming’s largest share of TV usage to be measured by The Gauge since its inception in May 2021. While viewership […]
National restaurant chain Chipotle Mexican Grill is investing in Hyphen, a San Jose-based foodservice platform designed to help restaurant owners, operators, and budding chefs move their business forward by automating kitchen operations. The investment comes from Cultivate Next, Chipotle’s $50 million venture fund that intends to make early-stage investments into strategically aligned companies that further its […]
FOOTHILL RANCH, CA — After achieving temperatures greater than 75 million degrees Celsius and demonstrating unmatched real-time control of plasma with its state-of-the-art fusion research reactor, Norman, TAE Technologies has secured $250 million in strategic and institutional investments to fund the construction of its next research reactor, Copernicus. Chevron, Google, Reimagined Ventures, Sumitomo Corporation of Americas, and […]
SAN FRANCISCO — Canvas Medical, the EMR that enables clinicians and developers to power the future of care delivery, has raised $24 million in Series B funding led by M13 with participation from Haystack and previous investors Inspired Capital, IA Ventures, Upfront Ventures, and Irongrey. Canvas provides a full-stack ambulatory EMR and digital health developer platform, […]
Shopify and YouTube are partnering to give merchants and creators a powerful new way to connect to consumers, build their businesses, and share their stories. With the launch of the YouTube Shopping on Shopify, merchants can easily integrate their online store with one of the world’s biggest entertainment platforms—reaching over 2 billion monthly logged-in users—to […]
SAN JOSE — Roku, Inc. announced that the second season of “Chrissy’s Court,” starring Chrissy Teigen and Pepper Thai, has smashed U.S. viewership records for unscripted Roku Originals programming during its opening weekend on The Roku Channel. Season 2 of “Chrissy’s Court” premiered exclusively on The Roku Channel on Friday, June 17, 2022. Season 2 […]
The reviews you see under Amazon products may not be real. The online giant says it has filed legal action against the administrators of more than 10,000 Facebook groups that attempt to orchestrate fake reviews on Amazon in exchange for money or free products. These groups are set up to recruit individuals willing to post […]
SAN FRANCISCO –– DoorDash is offering special bonuses for its DashPass membership program. Starting July 21, DoorDash is kicking off its third annual and largest ever Summer of DashPass – five jam-packed weeks with more than 25,000 incredible member-only offers, worth over $40 million in savings, from nationwide favorites and local businesses. During Summer of DashPass, DashPass members will be able to […]
The Department of Justice filed in court a multi-million-dollar settlement agreement with Uber Technologies Inc. (Uber) to resolve a lawsuit alleging that Uber violated the Americans with Disabilities Act (ADA). Under the agreement, Uber will offer several million dollars in compensation to more than 65,000 Uber users who were charged discriminatory fees due to disability. In […]
Fifty years ago this month in 1972, Honda introduced to the world the Honda Civic. A half century later, with sales approaching 30 million globally and now in its 11th generation, Civic is the longest-running automotive nameplate in Honda history and the best-selling Honda automobile of all-time. Since going on sale in America in early […]