News about Silicon Valley business almost everyday.
Over the Black Friday and Cyber Monday weekend, sellers using Block’s ecosystem of commerce tools — Square, Afterpay, Cash App — broke records with 144 million consumer transactions globally, a 17% increase from last year. With over 1 in 3 shoppers more stressed about holiday shopping this year compared to last, customers all around the world turned […]
PALO ALTO — Evinced, a software company powering accessible web and mobile development, has raised $55 million in Series C funding, bringing its total funding to-date to $112 million. The round was led by existing investor Insight Partners, a global software investor, with participation from existing investors M12 (Microsoft’s venture fund), BGV, Capital One Ventures, and Engineering Capital. Evinced […]
SAN JOSE — Vantis Vascular, Inc., a pioneering medical technology company founded by physicians with a passion to revolutionize vascular interventions, announced the successful closing of $10 million Series B-1 preferred financing, following a raise of $30 million to date from high-net-worth individuals and National Institute of Health grants. “We are proud to have the ongoing support of a […]
MOUNTAIN VIEW — Intuit Inc. and Amazon announced a multi-year strategic partnership to empower millions of Amazon sellers to manage their finances, stay compliant, access capital, and grow their business. By leveraging Intuit’s AI-driven expert platform, millions of Amazon sellers can benefit from financial insights like profitability, cash flow, and estimated tax liabilities to fuel […]
WaveForms AI has raised $40 million in seed funding led by A16z. WaveForms is an Audio Large Language Models (LLMs) research & product company aiming to solve the Speech Turing Test and bring Emotional Intelligence to AI. The company was founded by Alexis Conneau, a world leading Audio and Text LLM researchers and co-creator of […]
SAN JOSE — Super Micro Computer announced that on December 6, 2024, it received a letter from the Nasdaq Stock Market informing the Company that Nasdaq has granted the Company’s request for an exception to Nasdaq’s Listing Rule 5250(c)(1) through February 25, 2025. The exception gives the Company until February 25, 2025 to file its […]
RIYADH, SAUDI ARABIA — Apple plans to expand in the Kingdom of Saudi Arabia, starting with the launch of the Apple Store online in summer 2025. The online store will bring customers across Saudi Arabia new ways to shop Apple’s full range of products, with service and support directly from Apple in Arabic for the […]
BRISBANE — Heirloom, a Direct Air Capture (DAC) technology provider, has raised $150 million in Series B funding. The round was co-led by Future Positive, and Lowercarbon Capital – which also invested in Heirloom’s Series A. [Photo above: Heirloom’s Direct Air Capture (DAC) facility in Tracy, CA.] A range of new industrial investors, including Japan […]
SOUTH SAN FRANCISCO — Maze Therapeutics, a clinical-stage biopharmaceutical company harnessing the power of human genetics to develop novel, small molecule precision medicines for patients living with renal, cardiovascular, and metabolic diseases, has completed a $115 million Series D financing that included the conversion of issued convertible notes previously purchased by existing investors. The Series […]
The Santa Clara County Sheriff Department’s Retail Theft Task Force conducted a blitz operation targeting thieves at the Target store on McKee and N. Capitol in City of San José earlier this month. A total of 12 people were arrested and close to $5,300 worth of merchandise recovered. The Sheriff Department revealed that over the […]
Google Play has named the best games and apps of 2024. This year’s awards are a thank you to the talented developers who make the Android ecosystem so vibrant, building fantastic apps and games across all your devices. Best overall app and game Best app: Partiful Event planning platform Partiful took home Play’s Best App award […]
The Santa Clara County District Attorney’s Office has charged six former employees of Apple Inc., for a scheme in which they tricked the tech company into matching thousands of dollars in donations to children’s charities, when they actually donated nothing. Over three years, the six tech employees defrauded both the State of California and Apple’s […]