News about Silicon Valley business almost everyday.
SAN FRANCISCO — Affirm, which lets customers buy now and pay later at various retailers, announced its flexible payment solution will soon be available to Amazon.com customers at checkout. News of the deal was announced after the market closed on Friday and sent shares of Affirm soaring 35% in after-hours trading. Amazon and Affirm are […]
With a rise in the Delta variant of COVID-19 spreading across the country, at-home tests for coronavirus are soaring according to app measurement firm Sensor Tower. Sensor Tower data reveals that installs for the apps associated with the two most widely available over-the-counter testing kits with mobile apps, BinaxNOW and Ellume, collectively surged 107 percent […]
SAN FRANCISCO – Manish Lachwani, co-founder and former CEO of Palo Alto-based technology company Headspin, was arrested this week on charges of securities fraud and wire fraud perpetrated to raise money from investors. The announcement was made by Acting United States Attorney Stephanie M. Hinds and Federal Bureau of Investigation Special Agent in Charge Craig […]
Automaker Toyota announced it has sold the 50-millionth Corolla this past July, a milestone not just in Toyota history, but automotive history, as well. Now in its 12th generation and over 55 years in production, Corolla remains one of the world’s top-selling vehicles. Toyota introduced the Corolla in 1966, and it arrived in the U.S. […]
CUPERTINO — MindRhythm, a medical technology company focused on preventing neurological injury in stroke, has raised $5 Million in an oversubscribed round of seed funding. A diverse group of investors participated in the round, with a mix of family office, venture capital, and individuals dedicated to the company’s mission: Principal investors include Pierre and David […]
SAN FRANCISCO — Cribl, a data Observability Pipeline company, announced it raised $200 million in new Series C funding led by Greylock and Redpoint Ventures, joined by new investor IVP, existing investors Sequoia and CRV, and with strategic investment from Citi Ventures and CrowdStrike. This Series C funding brings Cribl’s total funding to $254 million, coming on the heels […]
SAN FRANCISCO – VMG Partners, a private equity firm specializing in building iconic consumer brands, has hired Brianna Rizzo as the company’s newest Talent Partner. Among her many responsibilities, Rizzo will lead the Talent strategy for VMG Catalyst, a fund that launched in 2019 and seeks to invest in tech businesses, including digital consumer products, services, experiences and […]
As the US National Park Service turns 105, Apple says it will make a $10 donation to the National Park Foundation now through August 29 for each purchase made with Apple Pay on apple.com, in the Apple Store app, or at an Apple Store in the US. An Apple Watch Activity Challenge and special content […]
SAN JOSE — Urban Catalyst, Silicon Valley’s premier Opportunity Zone Fund, announced that the San Jose City Council gave the go-ahead Tuesday to build an extended-stay Marriott in San Jose’s Downtown West, just a short walk from Google’s planned mega-campus. The council’s blessing gives Urban Catalyst the green light to move forward with its Keystone […]
BRISBANE — Trove, which operates a resale platform for top chains including lululemon, Patagonia, REI, Nordstrom, Levi’s, Eileen Fisher, Arc’teryx and other leading brands, has closed a $77.5 million Series D funding round led by G2 Venture Partners, bringing Trove’s total funding to date to $122.5 million. Other participants in the round included Bank of […]
SAN FRANCISCO — Bungalow, a fast growing marketplace for roommate living in the United States, has raised $75 million in Series C funding, led by Deer Park Road, with participation from existing investors including, Atomic, Founders Fund, Coatue and Khosla Ventures, bringing the company’s total funding to date to over $150 million. Serving 3000+ residents […]
REDWOOD CITY — Split, a feature delivery and experimentation platform, has scooped up $50 million in Series D funding led by Owl Rock, a division of Blue Owl Capital, with participation from Northgate Capital and existing investors including Accel, Lightspeed Venture Partners, Harmony Partners, Microsoft’s venture capital fund M12, Atlassian Ventures, and ServiceNow. This latest […]