SAN JOSE — Concentric Inc., a vendor of intelligent AI-based solutions for protecting business-critical data, has raised $14.5 million in Series A funding. Led by Ballistic Ventures, a new VC firm solely dedicated to advising and funding early-stage cybersecurity startups, this investment targets the $19 billion market for data security, access governance, and loss prevention. […]
Meta Opens First Store in Burlingame
Meta (formerly Facebook) has opened its first retail store at its campus in Burlingame. In the Meta Store, you’ll be able to get hands-on experience with all Meta hardware products. Through interactive demos, you can make video calls to retail associates with Meta Portal, learn how Ray-Ban Stories can help you stay present with the world around you, […]
Lang.ai Completes $10.5 Million Series A
SAN FRANCISCO — Lang.ai has completed a $10.5 million Series A round led by Nava Ventures with participation from new and existing investors including Oceans Ventures, Forum, Flexport Fund, as well as industry leaders – Mike Murchison (CEO of Ada), Joaquim Lecha (CEO of Typeform) and Javier Mata (CEO of Yalo), senior engineering and sales […]
Deserve Secures $250 Million Credit Line
PALO ALTO — Deserve, a fintech company expanding and powering the real-time credit card economy, has secured a new $250 million credit facility with Goldman Sachs, Cross River, and Waterfall Asset Management. With Deserve’s digital-first, mobile-centric, and highly configurable credit card platform, the company will use this new funding to meet the growing demand from […]
Google Translate Learns 24 New Languages
Google Translate has helped break down language barriers and connect communities all over the world. The company has just added 24 languages to Translate, now supporting a total of 133 used around the globe. Over 300 million people speak these newly added languages — like Mizo, used by around 800,000 people in the far northeast […]
Voxel Looks to Cut Workplace Injuries, Raises $15 Million
SAN FRANCISCO –– Voxel, a startup using computer vision to transform safety and operations in the workplace, has landed $15 million Series A funding round led by Eclipse Ventures with participation from MTech and World Innovation Labs. Since raising its seed round in September, Voxel has grown by decreasing on-site injuries by upwards of 80% and […]
Softbank, Zoom Invest in Observe.AI
SAN FRANCISCO — Observe.AI, an Intelligent Workforce Platform that transforms contact centers through AI, has raised $125 million in Series C funding led by SoftBank Vision Fund 2 with participation from Zoom Video Communications, Inc. This brings Observe.AI’s total funding to date to $213 million. This new funding highlights increased confidence in Observe.AI’s market position […]
Rippling Rips Open $250 Million Round
SAN FRANCISCO — Rippling has raised $250 million in a round co-led by Bedrock and Kleiner Perkins, with participation from existing investors Y Combinator, Sequoia Capital, and more. The round values the company at $11.25 billion. Rippling helps businesses manage all of their HR & IT — payroll, benefits, computers, apps, and more — in […]
Amazon to Add 2,500 Jobs in Southern California
Amazon announced plans to create more than 2,500 corporate and technology jobs over the coming years in multiple cities across California. The company will expand its Tech Hubs in San Diego and the Los Angeles area, including Irvine and Santa Monica, as it seeks to recruit local talent and continue inventing and innovating on behalf […]
Man Arrested for Lewd Act at Safeway
PALO ALTO – A man who committed a lewd act in the self-checkout line of a Safeway grocery store in Palo Alto in January is now in custody, pursuant to a warrant detectives obtained for that crime and a new similar incident that occurred in American Canyon earlier this week. On the morning of Wednesday, January […]
Apple, Google, Microsoft to Support Password-Free Sign-In
MOUNTAIN VIEW — In a joint effort to make the web more secure and usable for all, Apple, Google, and Microsoft announced plans to expand support for a common passwordless sign-in standard created by the FIDO Alliance and the World Wide Web Consortium. The new capability will allow websites and apps to offer consistent, secure, […]
Intuit Fined $141 Million for Free TurboTax Deception
New York Attorney General Letitia James announced a record multistate agreement with Intuit Inc., the owner of TurboTax, for deceiving millions of low-income Americans into paying for tax services that should have been free. As a result of Attorney General James’ agreement, Intuit will pay $141 million in restitution to millions of consumers across the nation […]