News about Silicon Valley business almost everyday.
SAN FRANCISCO — United Airlines plans to add 20 percent more flight capacity out of San Francisco International Airport (SFO) this year as part of its long-term strategy to re-establish SFO as a global gateway. United is now larger in SFO than it was pre-pandemic, with capacity up six percent since 2019, and 20 percent […]
The San Francisco Police Department says it has made over 500 arrests with assistance from its new Real Time Investigation Center (RTIC). Last year, SFPD launched the RTIC, a growing real-time intelligence hub, where officers use technology including drones, Flock Automated License Plate Readers (ALPR), public safety cameras, LiveView Technologies mobile security units and other […]
The worldwide smartphone market grew 1% year on year in Q1 2025, according to the latest research from Canalys. The modest growth came amid persistent macroeconomic headwinds, cautious consumer sentiment and delayed channel inventory digestion. Samsung took the global lead with a 20% market share, while Apple followed closely with an 18% share. Xiaomi came third […]
SAN FRANCISCO — LightSource Labs Inc., an AI-native enterprise procurement platform, has emerged from stealth and announced $33 million in seed and Series A funding at a $130 million valuation. The round was co-led by Lightspeed Venture Partners and Bain Capital Ventures, with participation from J2 Ventures. The platform is designed to modernize both strategic […]
SAN FRANCISCO — Goodfire, an AI interpretability research company, has landed a $50 million Series A funding round led by Menlo Ventures with participation from Lightspeed Venture Partners, Anthropic, B Capital, Work-Bench, Wing, South Park Commons, and other notable investors. This funding, which comes less than one year after its founding, will support the expansion of […]
SAN FRANCISCO – Mayor Daniel Lurie [photo] took a major step in San Francisco’s downtown revitalization efforts, announcing that autonomous vehicles will soon begin operating on Market Street, the city’s main thoroughfare. Waymo will begin mapping the corridor in the coming days, with passenger service expected to launch as soon as this summer. Market Street […]
eBay has formed a strategic partnership with UK-based Checkout.com, a leading global digital payments platform. Through this partnership, eBay expands its global payment platform to deliver seamless commerce experiences for its customers. With more than 2.3 billion live listings, eBay is one of the world’s largest online marketplaces. Millions of customers across 190 markets buy […]
SAN MATEO — Hammerspace, a high-performance Data Platform for AI, announced that several strategic venture investors have invested $100 million in new strategic growth capital. Altimeter Capital and ARK Invest are among the investors. The remainder of the funding round was filled out by a combination of new and existing investors. Data performance has evolved […]
MENLO PARK — Mainspring Energy Inc. has secured $258 Million in a Series F financing round to expand the company’s linear generator power business and operations as it grows in both manufacturing and customer sales. The company also has added two Board members with deep energy and tech industry operating experience – Tom Linebarger, former Chairman and […]
The Santa Clara County District Attorney’s Office has charged a dozen people for breaking into a Stanford University campus building last year, barricading themselves inside, and vandalizing administrative offices. During the takeover, the 12 masked individuals – whose ages ranged from 19 to 32 – broke windows and furniture, splashed fake blood, and disabled security cameras. Damages were estimated in the hundreds of thousands of dollars. The perpetrators are charged […]
The NY State Dept. of Financial Services announced that Block, Inc. — owner of Cash App — will pay a $40 million penalty for significant failures in its Bank Secrecy Act/Anti-Money Laundering compliance program, which violated the Department’s money transmitter and virtual currency regulations. In addition to the monetary penalty, Block is required to retain […]
Meta — parent company of Facebook, Instagram and WhatsApp — announced that Patrick Collison and Dina Powell McCormick have been elected to the company’s board of directors, effective April 15. Mark Zuckerberg, Founder and CEO of Meta, said, “Patrick and Dina bring a lot of experience supporting businesses and entrepreneurs to our board. Patrick is […]