Daily news about tech companies in Silicon Valley.
Venture capital firm Andreessen Horowitz continues to go big on cryptocurrency, even though Bitcoin has seen a big drop this year along with the overall stock market. Partner Chris Dixon announced that Andreessen Horowitz has raised a new crypto fund totaling $4.5 billion. Of this amount, $1.5 billion will be dedicated to seed investments, and […]
SAN JOSE and PALO ALTO — Broadcom Inc., a company that designs, develops and supplies semiconductor and infrastructure software solutions, has agreed to buy VMware in a cash-and-stock transaction that values VMware at approximately $61 billion, based on the closing price of Broadcom common stock on May 25, 2022. In addition, Broadcom will assume $8 billion of VMware net debt. VMware, a […]
Walmart, the nation’s largest retailer, is expanding delivery with DroneUp, a Virginia Beach based company specializing in drone technology. Walmart plans to expand its DroneUp delivery network to 34 sites by the end the year, providing the potential to reach 4 million U.S. households across six states – Arizona, Arkansas, Florida, Texas, Utah and Virginia. […]
SANTA MONICA — Uber is partnering with Motional, a developer of driverless technology, in the launch of autonomous food deliveries for Uber Eats customers in Santa Monica. Motional’s all-electric Hyundai IONIQ 5 vehicles, operating autonomously, are now conducting end-to-end food deliveries. While Uber Eats drivers usually deliver food right to the door, customers using Motional […]
DENVER — Velocity Global, a of global talent solutions, has raised $400 million in its Series B funding round, increasing the company’s valuation seven-fold since the same time last year. This second round of funding is led by Eldridge and Norwest Venture Partners which join Series A investor FFL Partners on Velocity Global’s board to […]
SAN MATEO — Booster, a company that delivers gas directly to cars and trucks, has raised more than $125 million in Series D funding led by Rose Park Advisors with participation from new investors Chaac Ventures, Equinor Ventures, Mitsubishi Corporation and Thayer Ventures. Renewable Energy Group (REG), a producer of low-carbon renewable fuels, also increased […]
Apple has unveiled the lineup for its annual Worldwide Developers Conference, including keynote and Platforms State of the Union, and shared more information with developers about what they’ll learn and experience. Free for all developers, WWDC22 helps developers and designers explore the latest technologies, tools, and frameworks coming to iOS, iPadOS, macOS, tvOS, and watchOS. […]
On May 19, the San José Police Department’s Covert Response Unit (CRU) and MERGE Unit took Bryan Velasquez into custody without incident and he has been charged with felony stalking. Several firearms, including two AR pattern assault rifles, high capacity magazines, hundreds of rounds of ammunition, tactical body armor, and materials to manufacture and assemble […]
BURLINGAME — Imply Data, Inc., a company founded by the original creators of Apache Druid, has landed $100 million in Series D financing, which values the company at $1.1 billion. This investment round was led by Thoma Bravo with participation from OMERS Growth Equity, both new investors. Existing investors Bessemer Venture Funds, Andreessen Horowitz and […]
As companies expand their use of technology, employees are demanding to use iPhone, iPad, and Mac at work, resulting in an increased need for IT professionals skilled in supporting and managing Apple products. To help meet this growing demand, Apple has launched updated professional training and certifications for IT support and management. The training has […]