News about Silicon Valley business almost everyday.
With gas prices soaring this year, consumers have felt more pain at the pump. Data from commerce technology company Square finds that consumers have been turning to electronic modes of transportation to curb the effects of inflation, purchasing e-bikes and e-scooters at an increasing rate. E-transportation is becoming increasingly popular as people look for alternative […]
Apple has detailed two initiatives to help protect users who may be personally targeted by some of the most sophisticated digital threats, such as those from private companies developing state-sponsored mercenary spyware. Lockdown Mode — the first major capability of its kind, coming this fall with iOS 16, iPadOS 16, and macOS Ventura — is […]
MILFORD — Subway restaurants has unveiled the Subway Series, a lineup of 12 all-new signature sandwiches ordered by name or number. These new sandwiches feature a combination of meat, cheese, vegetables, sauce and freshly baked bread. To celebrate the most significant menu update in its nearly 60-year history, Subway is inviting America to experience these […]
SAN FRANCISCO — Tesorio, an accounts receivable management platform, has secured $17 million in Series B funding led by BAMCAP Ventures. The round includes participation from existing investors Madrona Venture Group, First Round Capital, Floodgate, FundersClub, Hillsven, Mango Capital, and Xplorer Capital, plus new investors Susan and Anne Wojcicki and Carao Ventures. New board members include Jim Sheward from BAMCAP (former CEO of […]
BERKELEY — Kogniz, developer of a next-generation AI-based computer vision platform, has unveiled a ready-to-deploy gun detection module as part of the latest version of its technology that predicts, detects, and resolves key safety and operational problems. The company is also announcing a $10 million investment led by Ulu Ventures and with participation by super{set} Venture Studio and its […]
SANTA CLARA — The U.S. median rental price hit its latest new high of $1,849 per month in May, representing a 26.6% increase since 2019 before the pandemic began, according to the Realtor.com Monthly Rental Report. While May marked the 10th straight month of double-digit annual growth in national rents, the increase was the smallest since September 2021, offering renters […]
Toyota Motor North America (TMNA) reported U.S. sales in June 2022 of 170,155 vehicles, down 17.9 percent on a volume basis and down 21.1 percent on daily selling rate (DSR) basis versus June 2021. June 2022 sales of electrified vehicles totaled 39,965, representing 23.5 percent of total monthly sales. The company continues to have problems manufacturing new vehicles due […]
SAN JOSE — PayPal is introducing a new business credit card to better meet the everyday financing needs of small business owners. The PayPal Business Cashback Mastercard, issued by WebBank and powered by the Mastercard network, is the first business credit card offered through PayPal. The card has no annual fee and rewards cardholders with […]
SAN JOSE — Visby Medical, a medical diagnostic company, announced that it expanded its over-subscribed Series E financing round to include an additional $35 million for a total of over $135 million raised in the round. The additional investment was led by Lightrock, who joined existing Series E investors including John Doerr, Cedars Sinai Medical Center, ND Capital, Artiman Ventures, Pitango Venture Capital, […]
SAN FRANCISCO — Front, a communication hub for building strong customer relationships, has raised $65 million in Series D financing, led by Salesforce Ventures and Battery Ventures and with participation from PagerDuty CEO, Jennifer Tejada. Existing investors Sequoia Capital, Threshold Ventures and Uncork Capital also participated in the financing. This round values Front at $1.7 […]
BERKELEY — Opaque Systems, the pioneers of collaborative analytics and AI for confidential computing, has raised $22 million in Series A funding, bringing the company’s total financing to $31.6 million. The round was led by Walden Catalyst Partners, with participation from new investors, Storm Ventures and Thomvest Ventures, as well as all existing investors, Intel Capital, Race Capital, The […]
OAKLAND — Eclipse Foods, a maker of sustainable, plant-based dairy products, announced a Series B funding round of over $40 million led by Sozo Ventures with participation from leading funds, including Forerunner Ventures, Initialized Capital, Gaingels, and KBW Ventures. With the latest round of funding, Eclipse has raised over $60 million to date with investors […]