News about Silicon Valley business almost everyday.
SANTA CLARA — Aviatrix, a provider of cloud networking and network security, has raised $200 million in growth funding led by TCV. Additional new investors include Insight Partners and Tiger Global, while existing investors CRV, Formation 8, General Catalyst, Greenspring Associates, Ignition, Liberty Global Ventures, Meritech Capital and TrueBridge Capital Partners also participated in the round. […]
BURLINGAME — UnitQ, a company developing a platform to improve product quality, has raised a $30 million Series B round led by Accel, with support from Creandum and Gradient Ventures, Google’s AI-focused venture fund. This brings the total amount raised by UnitQ to $41 million since launching in 2018. This Series B will allow the […]
FREMONT — Alamar Biosciences, Inc., a precision proteomics company that brings both ultra-high sensitivity and massively parallel scale to proteomic analysis, has closed an $80 million Series B financing round, bringing its total funding to $110 million. The Series B financing round was led by Sherpa Healthcare Partners and included Morningside Ventures, Samsara Biocapital, and existing investors […]
SAN FRANCISCO – Checkr, a leading a provider of employee background checks, has raised $250 million in a Series E round valuing the company at $4.6 billion. The round was led by Durable Capital, alongside new investors Fidelity Management & Research Company LLC, and Franklin Templeton with participation from all major current investors including BOND Capital, Khosla […]
Netflix, the world’s leading streaming entertainment service, is holding a promotional event for fans worldwide called TUDUM on September 25. What is TUDUM? It’s the intro beat you hear at the beginning of every show or movie on Netflix. On Saturday, September 25, Netflix’s biggest stars and creators from around the world — representing over […]
Best Buy, the nation’s largest electronics chain, is now selling scooters, mopeds and e-bikes from top brands online. Starting October, customers can also buy vehicles in person at 10 Best Buy stores in Austin; Los Angeles; Miami; New York; Orlando; Puerto Rico; San Francisco; Seattle; and Tampa, FL. The selection includes e-bikes, scooters, mopeds and […]
Airbnb released data last month about new hosts on its rental network. Hosts in the US, who welcomed their first guests in the first six months of 2021 and have only one listing, have collectively made millions of dollars hosting on Airbnb. Half of new listings that were both activated and booked in early 2021 […]
SAN FRANCISCO — Solv, a national network of healthcare providers making same-day and next-day healthcare accessible to anyone, announced the close of a $45 Million Series C funding round led by Acrew Capital and Corner Ventures. Other participants include prior investors Greylock Partners and Benchmark Capital. The funding will support the company’s expansion of its […]
Apple is opening a new store in Changsha, China on Saturday. This will be the first Apple Store in Hunan province. Situated in the heart of the provincial capital city, Apple Changsha’s location provides easy access for customers across central China. “We are thrilled to be opening in Changsha, a community filled with creativity and […]
SAN FRANCISCO — There’s no shortage of venture capital available to technology startups, especially in the Bay Area! Databricks, the Data and AI company, announced a $1.6 billion round of funding to increase innovation and adoption of the data lakehouse, as the data architecture’s popularity across data-driven organizations continues to grow at a rapid pace. […]
PALO ALTO — Workera.ai, operator of a precision upskilling platform, has completed a $16 million Series A. This latest round of funding follows a seed round of $5M in October 2020. The Series A was led by New Enterprise Associates (NEA) alongside existing investors Owl Ventures and AI Fund, as well as Richard Socher of AIX Ventures, Pieter Abbeel, Lake Dai and Mehran Sahami. This new capital will be […]
Heading into the historically-hot-car-shopping Labor Day Weekend, buyers may be surprised to find themselves paying over sticker price for some of the most popular vehicles right now, according to a recent report from Autotrader. The laws of supply and demand are clearly at play in the current car-shopping environment, as the global microchip shortage and […]