Google News

Google Now Has Auto Ads in Search

You can now use Google’s dominant search engine to locate cars for sale near you. Just enter a car brand and model and you will see corresponding vehicles for sale in your area right at the top of Google search results. Google says 89% of new car buyers researched their new vehicle online.  And shoppers […]

News

Intel to Invest 80 Million Euros in European Chip Plants

SANTA CLARA – Intel announced plans to invest as much as 80 billion euros in the European Union over the next decade along the entire semiconductor value chain – from research and development (R&D) to manufacturing to state-of-the art packaging technologies. [Photo above: Rendering of a new Intel chip plant to be built in Germany […]

Venture Capital

Jiffy.ai Scores $53 Million

PALO ALTO — JIFFY.ai, an app-based low-code/no-code intelligent automation platform, has raised $53 million as part of its Series B funding round. Eight Roads Ventures, a leading global investment firm backed by Fidelity, led this investment round, which included participation from venture firms Iron Pillar, R-Squared, and existing investors Nexus Venture Partners, Reaction Capital and […]

News

Luxury Ride Hailing Service Alto Launches in Silicon Valley

Alto, a luxury ride sharing service, has made its official launch in Silicon Valley. This is the company’s sixth market launch since its founding in 2018. Alto offers a premium service with its own branded SUVs and drivers are not contractors like Uber or Lyft, but employees of the company. According to the company’s service […]

News

Uber Charging New Gas Fee to Customers

With gas prices soaring over the past month, Uber has begun charging a new gas fee for customers that will go directly to drivers. Starting last Wednesday, Uber customers are now paying a surcharge of either $0.45 or $0.55 on each Uber trip and either $0.35 or $0.45 on each Uber Eats order, depending on […]

Venture Capital

Blackstone Leads $200 Million Round in DNANexus

MOUNTAIN VIEW — DNAnexus, Inc., a leading provider of cloud-based biomedical data analysis software serving the life sciences community, has secured a $200 million financing round to accelerate the global adoption of its technology, translating the world’s complex multi-omics and clinical data into tangible insights and personalized treatments. The round was led by funds managed by Blackstone […]

Venture Capital

AiFi Rakes In $65 Million Series B

SANTA CLARA — AiFi, developer of an AI platform that enables retailers to affordably deploy and scale autonomous shopping solutions, has raked in a $65 million Series B funding round with participation from ALDI South Group, Żabka Group, REWE, Verizon Ventures, and Qualcomm Ventures LLC, among others. This round, which brings AiFi’s total funding to $80 million, will […]

Venture Capital

Venrock Leads $20 Million Investment in SmithRX

SAN FRANCISCO — SmithRx, a technology-enabled pharmacy benefits management company, has closed a $20 million series B financing round. SmithRX reported a year of record growth in which the company surpassed 1,100 employer clients. Venrock led the oversubscribed round and was joined by existing investors, including Founders Fund. The proceeds will support Smith’s plans for […]

News Real Estate

National Home Prices Hit All-Time High in February

SANTA CLARA — The U.S. median home listing price hit a new all-time high of $392,000 in February, according to the Realtor.com Monthly Housing Trends Report. Home prices grew at an unusually-fast February pace before the busy spring season in many of the 50 largest metros, led by Las Vegas, Miami and Tampa, with annual increases of at least 31% each. […]

Venture Capital

GV Leads $50 Million Round in Redpanda

SAN FRANCISCO — Redpanda Data (formerly known as Vectorized) has raised $50M in Series B funding, led by GV with participation from Lightspeed Venture Partners (LSVP) and Haystack VC. Released in early 2021, Redpanda is a modern streaming platform that gives developers a simple, fast, reliable, and unified “engine of record” for both real-time and historical enterprise […]

Venture Capital

Stilt Steps Up With $114 Million in Financing

SAN FRANCISCO — Stilt, a provider of financial services for immigrants, has raised $14 million in Series A funding led by Link Ventures, with participation from Petrushka Investments, Hillsven Capital, Gokul Rajaram, Claire Hughes Johnson (COO, Stripe), Ott Kaukver (CTO, Checkout.com), Rahul Vohra (CEO, Superhuman), Josh Buckely, and others. Stilt is a Y Combinator alumnus from Winter 2016. Stilt also closed on a new […]

News

DoorDash to Provide Deliveries For Office Depot

DoorDash is teaming up with Office Depot, a leading provider of office supplies and business products, to offer on-demand delivery of business and educational products from more than 1,000 Office Depot and OfficeMax stores nationwide. From laptop and desktop computers, to printers, ink and toner, cleaning and breakroom supplies, tech accessories and more, consumers can […]