News about Silicon Valley business almost everyday.
PALO ALTO — Hourly.io, a fast-growing workers’ comp and payroll startup, has raised $27 million in Series A financing led by Glilot Capital Partners through its early growth fund, Glilot+. Additional backers include previous investors S Capital, MS&AD Ventures, J-Ventures and new to this round, Vintage Investment Partners and Upshot Ventures. The Series A funding will help Hourly expand beyond the state of California, where it was […]
MENLO PARK — Construction technology platform ALICE Technologies has raised a $30 million funding round led by Vanedge Capital. Additional new investors include Bouygues, Gaingels, GRIDS Capital, JLL Spark, and MetaPlanet, which joined the round along with existing investors Future Ventures, Merus Capital, and Rising Tide. ALICE Technologies’ construction optioneering platform helps large contractors plan, bid and build […]
SAN FRANCISCO — DoorDash, the nation’s leading food delivery service, has unveiled its first annual awards list honoring the top 100 Most Loved All Star Restaurants in the United States for 2022. The restaurants on this list are all available on Doordash. They’re also reliable, top-rated by consumers, and exceptional at operations — fewer than 1% of […]
SUNNYVALE — Sensel, a company developing the next generation of touch-sensing, force-sensing, and haptics technologies, has closed $18.8 million in Series B financing. Sensel has raised over $57 million since it was founded in 2013. Sensel’s Series B is led by Global Lighting Technologies Inc (GLT), a strategic manufacturing partner to Sensel and leader in custom light-guide modules for computing and other applications. […]
MENLO PARK — The law firm of Freshfields Bruckhaus Deringer LLP has officially opened a new 40,000-square-foot office at 855 Main in downtown Redwood City. As anchor tenant, the firm occupies the top two floors of the new building. Additionally, the building and lobby are adorned with Freshfields signage. “We are delighted to be in […]
SUNNYVALE — Real estate firm Tishman Speyer announced the sale of the former NetApp headquarters campus in California to CommonWealth Partners, a national commercial real estate developer, investor and operator. The property sold for a reported $707 million. Tishman Speyer acquired the campus, located on Crossman Drive in the desirable Moffett Park neighborhood, from NetApp in April 2021 for $356 million. […]
Sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the onset of the coronavirus pandemic sent shockwaves through the housing market. By comparison, sales of non luxury homes fell 5.4%. That’s according to an analysis of luxury real estate trends from real estate brokerage […]
PALO ALTO — SAV (Scale Asia Ventures), a Silicon Valley-based venture capital firm, has launched its $30 million inaugural early-stage fund in commitments to support enterprise-focused companies. Beyond early-stage funding, SAV also plans to fuel its portfolios with additional $100 million later-stage funding directly from its deep-pocketed Limited Partner base. Fund backers include institutional funds, […]
SAN FRANCISCO — AppOmni, a provider of SaaS security, has raised $70 million in a Series C funding round to advance product development, fuel international growth, and scale go-to-market processes. The investment was led by Thoma Bravo, a leading software investment firm, with participation from existing investors, including Scale Venture Partners, Salesforce Ventures, ClearSky, and […]
SAN FRANCISCO — Kruze Consulting, a CPA and finance consulting company for VC-backed startups, has released new data on the average salary for startup CEOs. 2022 is becoming a record year for startup CEO salaries – averaging $150,000 per year, up from the 2021 average of $146,000, and an increase of 8% since the pandemic […]
CUPERTINO — Apple, on the first day of its WWDC Developers Conference, has introduced a completely redesigned MacBook Air and an updated 13-inch MacBook Pro, both powered by the new M2 chip. With an all-new, thin design and better performance, MacBook Air also features a larger 13.6-inch Liquid Retina display, a 1080p FaceTime HD camera, four-speaker sound […]
MENLO PARK — Meta Platforms — parent company of Facebook, Instagram and Whatsapp — announced that its Class A common stock will begin trading on NASDAQ under the ticker symbol ‘META’ prior to market open on June 9, 2022. This will replace the company’s current ticker symbol ‘FB’, which has been used since its initial […]