News about Silicon Valley business almost everyday.
Arizona has become the first state in the USA to offer driver’s licenses and state IDs in Apple’s Wallet using the iPhone or Apple Watch. Starting today, Arizonans can add their driver’s license or state ID to Wallet, and tap their iPhone or Apple Watch to seamlessly and securely present it at select TSA security […]
National sandwich chain Panera is introducing a new line up of Chef’s Chicken Sandwiches, available at Panera bakery-cafes nationwide on March 30. The addition to the menu will feature two new seared, chef-crafted chicken sandwiches. There are over 2,100 Panera locations in 48 states and Ontario, Canada. Panera is unveiling two takes on the Chef’s […]
SAN FRANCISCO — Heirloom, a company that captures direct air and permanently removes CO2 from the atmosphere, has raised $53 million in a Series A funding round co-led by Carbon Direct Capital Management, Ahren Innovation Capital, and Breakthrough Energy Ventures, with The Microsoft Climate Innovation Fund as an additional participant. Alice Newcombe-Ellis of Ahren will join […]
At its GTC Developers Conference, NVIDIA has introduced Clara Holoscan MG, a platform for the medical device industry to develop and deploy real-time AI applications at the edge, specifically designed to meet required regulatory standards. Clara Holoscan MGX expands the Clara Holoscan platform to provide an all-in-one, medical-grade reference architecture, as well as long-term software support, to […]
SAN FRANCISCO — Kargo, a supply chain visibility company, has landed a $25 million Series A led by Sozo Ventures with participation from Founders Fund, Activant, Human Capital, Strike Capital, Lineage Ventures, and Flexport. The capital will be used to expand the Kargo team and scale its software and hardware offerings. Kargo also announced that Sozo Ventures’ Managing Director Spencer Foust has […]
PALO ALTO — SignalWire, a developer software-defined telecommunications infrastructure, announced that T-Mobile Ventures, the venture arm of cellular provider T-Mobile, has participated in its Series B round with an undisclosed amount. T-Mobile is the first U.S. operator to invest in SignalWire, and joins Deutsche Telekom and others collaborating with SignalWire to equip developers worldwide with […]
SANTA CLARA — Spectro Cloud, a platform provider of a modern Kubernetes (K8s) management platform, has closed a $40 million Series B funding round, led by Stripes, a leading investor in software and consumer products. Other investors participating in the round included Sierra Ventures, Boldstart Ventures, WestWave Capital, T-Mobile Ventures and Alter Venture Partners, all of which […]
SAN JOSE – A federal criminal case filed Friday in the United States District Court for the Northern District of California charges Dhirendra Prasad with defrauding his former employer Apple, Inc. in an amount over $10 million dollars and with money laundering and tax evasion. The filing was announced by United States Attorney Stephanie M. […]
Netflix is teaming up with Dr. Seuss Enterprises to bring to life five new animated preschool series and specials. The projects are inspired by well-known Dr. Seuss stories like Horton Hears a Who!; The Sneetches; One Fish, Two Fish, Red Fish, Blue Fish; and Wacky Wednesday, in addition to lovable characters like Thidwick the Big-Hearted Moose. Executive Producer Dustin […]
PALO ALTO — CommerceIQ, a leading Retail Ecommerce Management Platform, has closed a $115 million Series D funding, bringing the company’s total valuation to more than $1 billion. The round was led by SoftBank Vision Fund 2 and includes participation from all existing institutional investors: Insight Partners, Trinity Ventures, Shasta Ventures, and Madrona Venture Group. […]
PALO ALTO — Bionic, developer of an Application Security Posture Management platform, has closed a $65 million Series B funding round led by Insight Partners. Existing investors Cyberstarts and Battery Ventures also participated in the round. Bionic will use this new round to expand investment in R&D and scale its rapidly growing sales and customer […]
PayPal has hired Archana (Archie) Deskus from Intel as its new executive vice president and chief information officer (CIO), effective March 28. Deskus will oversee PayPal’s global information technology operations and report to PayPal President and CEO Dan Schulman. “As we expand the scope of our services and relevance in the lives of our customers, […]