News about Silicon Valley business almost everyday.
From 2020 through 2023, Apple says it prevented a combined total of over $7 billion in potentially fraudulent transactions, including more than $1.8 billion in 2023 alone. In the same period, Apple blocked over 14 million stolen credit cards and more than 3.3 million accounts from transacting again. As digital threats have evolved in scope […]
CVS Pharmacy is launching Well Market, a new store brand that features snacks, beverages and groceries. “Our goal at CVS Health is to be the most consumer-centric health care solutions company. Through this repositioning and expansion of our food and beverage portfolio, we are doing more by providing new nutritious options our customers crave,” said Musab […]
Following a payout of $1.4 billion in profit sharing bonuses earlier this year, Delta is investing in frontline employees by raising the minimum starting wage to $19 an hour and providing employees across the company with a 5% pay raise. With this investment, which will take effect on Jun 1, 2024, Delta continues to lead […]
SAN JOSE — Alkira, a provider of on-demand network infrastructure as-a-service, has closed a $100 million Series C funding round, bringing the company’s total funding raised to date to $176 million. The round was led by Tiger Global Management, a leading global investment firm, with additional investment from Dallas Venture Capital, Geodesic Capital, LIAN Group and NextEquity Partners; […]
SAN FRANCISCO – Gregory Finkelson, a San Francisco resident, has pleaded guilty to one count of theft of government property in connection with his fraudulent receipt of hundreds of thousands of dollars in low-income housing benefits. The announcement was made by United States Attorney Ismail J. Ramsey; Federal Bureau of Investigation (FBI) Special Agent in […]
ChatGPT has released its newest model called GPT-4o. GPT-4o (“o” for “omni”) is a step towards much more natural human-computer interaction—it accepts as input any combination of text, audio, image, and video and generates any combination of text, audio, and image outputs. It can respond to audio inputs in as little as 232 milliseconds, with […]
Beginning on April 25, 2023, a series of violent armed robberies began occurring in the city of San Francisco. The robberies followed a similar modus operandi (M.O) in which the suspect listed an item for sale on an online marketplace, usually a vehicle for under $5,000, and arranged to meet with an interested buyer who […]
The San Mateo County Sheriff’s Office is investigating an armed robbery that occurred Tuesday afternoon outside of a gas station in unincorporated Redwood City. On Tuesday, May 14 at around 4:15 p.m., Sheriff’s deputies responded to the ARCO gas station located in the 1800 block of Woodside Rd. on a report of an armed robbery […]
CAMPBELL – WekaIO (WEKA), an AI-native data platform company, has raised $140 million in an oversubscribed Series E funding round comprised of a combined primary and secondary transaction led by Valor Equity Partners, a previous investor in the company. Under the terms of the deal, Valor’s founder, CEO and Chief Investment Officer, Antonio Gracias, will […]
SAN FRANCISCO — Harness, operator of a software delivery platform, has raised $150 million in financing from Silicon Valley Bank (SVB), a division of First Citizens Bank, and Hercules Capital, Inc. (NYSE: HTGC). The investment will be used strategically to support the expansion of the Harness platform, including the addition of new modules, further integrating generative AI into […]
SAN FRANCISCO — Vercel, operator of a Frontend Cloud platform, has secured $250 million in Series E funding at a valuation of $3.25 billion. The investment round was led by existing investor Accel, with participation from other existing investors including CRV, GV, Notable Capital (previously GGV Capital), Bedrock, Geodesic Capital, Tiger Global, 8VC, and SV […]
Emily Reuter has been promoted at Instacart from VP of Finance to be the new Chief Financial Officer (CFO). Reuter has a Bachelor’s Degree in Political Science from Yale and an MBA from Stanford. Instacart CEO talked about Emily’s promotion in a company memo: Before Instacart, Emily spent nearly a decade at Uber, where she […]