News about Silicon Valley business almost everyday.
SAN FRANCISCO – For those of you not interested in making your own meals, Instacart, the leading online grocery delivery service, has launched Ready Meals directly from supermarkets. Ready Meals provides fresh, healthy and cost-effective alternatives to restaurant takeout from customers’ favorite grocers. With Ready Meals, consumers nationwide can now take a break from cooking […]
A new year means new subs from Subway. The world’s largest sandwich chain — with nearly 40,000 restaurants in 100 countries — is debuting two brand new subs alongside the return of five fan-favorite menu items, back by popular demand. Brand New SandwichesSubway’s two newest subs include: Baja Turkey Avocado: This sub combines fresh flavors […]
Y Combinator, the top accelerator program in Silicon Valley, is boosting the standard deal it offers startups this year after a banner 2021. According to a blog post by President Geoff Ralston, Y Combinator will now invest a total of $500,000 to any company accepted into its batch program. It will still invest $125,000 for […]
DEARBORN, MI, and SAN FRANCISCO – Ford Motor Company has signed a five-year agreement with Stripe to scale the automaker’s e-commerce capabilities faster and to deliver an always-on experience for Ford and Lincoln customers. Rollout of Stripe technology is expected to begin in the second half of 2022, starting in North America. “We have been […]
SAN FRANCISCO — Verana Health, a digital health company that quality drug lifecycle and medical practice insights from a real-world data network, has landed a $150 million Series E funding round led by Johnson & Johnson Innovation – JJDC, Inc. (JJDC) and Novo Growth, the growth-stage investment arm of Novo Holdings. Existing Verana Health investors GV (formerly […]
Silicon Valley is the No. 2 market in the country for data centers, tied with Singapore and behind Northern Virginia according to a study by real estate services firm Cushman & Wakefield. The 2022 Global Data Center Market Comparison is the third edition of this annual study which identifies and ranks the top data center […]
SAN FRANCISCO — Bolt, a platform that offers one-click checkout on e-commerce sites, has secured $355 million in the first part of its Series E funding. Lead investors in this round are funds & accounts managed by BlackRock, with participation from Schonfeld, Invus Opportunities, H.I.G. Growth, and CE Innovation Capital. This new raise brings Bolt’s total funding to […]
With gas and food prices on the rise over the past year, Netflix has also decided to increase its subscription prices in the U.S. The streaming giant has boosted the monthly cost for its basic subscription price with no High Definition (HD) streaming from $8.99 to $9.99 per month. The standard Netflix plan with HD […]
Citadel Securities, a leading global market maker for stocks and financial products based in Chicago, has raised $1.15 billion from area venture capital firms Sequoia and Paradigm. Sequoia led the round, with the investment coming from Sequoia Heritage, Sequoia Capital Global Equities and the Global Growth Fund. Sequoia Partner Alfred Lin is joining the Citadel […]
EMERYVILLE — MycoWorks has reeled in a $125 million Series C funding round led by Prime Movers Lab, with participation from new investors SK Networks and Mirabaud Lifestyle Impact & Innovation Fund, along with other new and existing investors including DCVC Bio and Novo Holdings. The Series C funding round will be used to launch […]
SAN FRANCISCO — Observable, a data collaboration company, has closed a $35.6 million Series B funding round led by Menlo Ventures. Existing investors Sequoia Capital and Acrew Capital also participated in this round, which brings the total invested capital to date at $46.1 million. Observable has developed a collaborative, web-based platform for data practitioners to help them make […]
SAN JOSE — Bridge Bank announced its Capital Finance Group has closed on a $10 million asset-based loan facility for Zuum Transportation Inc., an Irvine-based logistics technology provider for manufacturers, freight brokers and carriers. “It’s rewarding to work with a company like Zuum that is making a difference for such a great stable of internationally […]