News about Silicon Valley business almost everyday.
PLEASANTON — Workday, Inc., a provider of enterprise cloud applications for finance and human resources, has agreed to acquire VNDLY, an industry leader in cloud-based external workforce and vendor management technology, for $510 million in cash. With VNDLY, Workday will provide organizations with a unified workforce optimization solution that will help organizations manage all types of workers—salaried, hourly, […]
Apple shares hit an all-time high on Friday and the company regained the crown as the most valuable company in the world from Microsoft this week. Stock in Apple closed Friday at $160.55, up $2.68 for the day. The company has a stock market capitalization of $2.63 trillion, just ahead of Microsoft at $2.58 trillion. […]
SAN FRANCISCO — Grammarly, a company powering effective communication for over 30,000 teams and 30 million people daily, has raised over $200 million in funding at a $13 billion valuation from new investors Baillie Gifford and funds and accounts managed by BlackRock, among others. With this latest funding round, Grammarly plans to accelerate product innovation […]
SAN FRANCISCO — Faire, an online wholesale marketplace connecting more than 300,000 retailers with 40,000 brands around the world, has closed $400 million in a Series G investment round co-led by new investor, Durable Capital Partners LP, and returning investors, D1 Capital Partners, and Dragoneer Investment Group. This new round, which includes all existing investors, […]
SAN FRANCISCO — Accounting firm Deloitte has released its “North America Technology Fast 500,” an annual ranking of the fastest-growing North American companies in the technology, media, telecommunications, life sciences, fintech, and energy tech sectors, now in its 27th year. A total of 21% of the companies on the list were from Silicon Valley with […]
PALO ALTO — TaskHuman, a 1:1 digital coaching platform, has raised $9.5 million in Series A funding. The Series A round was led by USVP with participation from new investors Madrona Venture Group and RingCentral Ventures, along with existing investor Impact Venture Capital. Prominent angel investors include Baron Davis (2x NBA All Star), Sanjay Mehrotra […]
SAN FRANCISCO — Seasoned has raised $18.7 million in Series A financing to help expand its hiring platform and restaurant worker network to new markets. The financing comes on the back of a $12 million seed round raised in June 2021, bringing its total raised to more than $30 million this year. Seasoned’s Series A financing was led by Horizons Ventures, with participation from TPG Growth […]
SAN FRANCISCO — Habu, a developer of data clean room software, has secured $25 million in Series B funding led by Wing Venture Capital. Snowflake Ventures, super{set}, Norwest Venture Partners, and Ridge Ventures joined the round, which will allow the company to accelerate product innovation, operations, and customer success to support its rapidly growing client […]
LIVERMORE — Monarch Tractor, maker of the world’s first fully electric, driver-optional tractor has completed a $61 million Series B funding round led by Astanor Ventures, one of the world’s leading sustainable food venture firms, with additional contributions from CNH Industrial, At One Ventures and Trimble Ventures. With this most recent round of financing, Monarch […]
SAN FRANCISCO — Netlify, which offers technologies to build, deploy, and scale modern web applications, has raised $105 million in funding, valuing the company at $2 billion. Bessemer Venture Partners led the Series D round, with participation from the company’s existing investors Andreessen Horowitz, BOND, EQT Ventures, Kleiner Perkins, Mango Capital and Menlo Ventures. The Jamstack movement has changed the […]
SUNNYVALE — ThoughtSpot, a Modern Analytics Cloud company, has raised a $100 million Series F funding round at a new $4.2B valuation, more than doubling the company’s previous valuation and bringing the company’s total funding to $674 million. The round was led by new investor March Capital and joined by existing investors Lightspeed Ventures, Snowflake Ventures, […]
SAN DIEGO — Venture capital firm Section 32 has closed its fourth fund, raising approximately $740 million from returning and new investors. Investors in Fund 4 include leading philanthropic and non-profit organizations, educational endowments and foundations, and leaders from the technology and healthcare sectors. Section 32 Fund 4 will support companies across all stages that are […]