News about Silicon Valley business almost everyday.
Stanford University is teaming up with Deerfield Management, a New York-based health care investment firm, to create Porter Alliance for Innovative Medicines that will accelerate translational research into clinical therapeutics. Deerfield has committed up to $130 million and additional scientific and operational support to this new collaboration to advance research coming out of Stanford faculty […]
SAN FRANCISCO — 6sense, a platform for B2B organizations generating predictable revenue, has closed $200 million in a Series E funding round. The new funding more than doubles 6sense valuation to $5.2 billion just ten months after its $125 million Series D round. The latest round is co-led by new investors Blue Owl and MSD Partners and includes additional new investors SoftBank […]
PALO ALTO — Prophecy, an enterprise low-code data engineering platform that brings the speed of DevOps to data engineering, has raised a $25 million Series A round led by Insight Partners, with participation from seed investors SignalFire and Berkeley Skydeck, as well as Dig Ventures. The company has now raised over $31 million in funding. Prophecy provides […]
Chip making giant Intel has announced plans to invest more than $20 billion in the construction of two new leading-edge chip factories in Ohio. The investment will help boost production to meet the surging demand for advanced semiconductors, powering a new generation of innovative products from Intel and serving the needs of foundry customers. To […]
Google says it will increase its investment in the United Kingdom by purchasing the Central Saint Giles development in London — the site where many Google employees work — for $1 billion. Based in London’s thriving West End, the company’s investment in this Renzo Piano-designed development shows that Google remains confident in the office as […]
SAN FRANCISCO — Clockwise, developer of a Time Orchestration platform that helps teams free up their workdays, has raised a $45 million Series C funding round led by Coatue, with participation from Atlassian Ventures and existing investors Accel, Greylock Partners, and Bain Capital Ventures. This round brings the company’s total funding raised to $76 million […]
Palo Alto-based Luminar has announced a partnership with German automaker Mercedes-Benz to accelerate the development of future highly automated driving technologies for Mercedes passenger cars. [Photo above: Austin Russell, Luminar Founder and CEO with Markus Schäfer, Chief Technology Officer responsible for Development and Procurement at Mercedes-Benz’ Sindelfingen, Germany plant. Source: Business Wire] Luminar’s Iris lidar […]
SAN FRANCISCO — Swell Commerce, which bills itself as a headless commerce platform serving fast growing businesses, has raised a $20 million Series A funding round led by VMG Catalyst and Headline. The global company, which aims to put an end to merchant replatforming, will use the funds to accelerate adoption and to develop an ecosystem of apps, themes, integrations and […]
SAN FRANCISCO — Vartana, a provider of managed checkout and Buy Now Pay Later (BNPL) options for businesses, has launched with $57 million in seed funding. The new capital includes $7 million in equity led by technology firm Audacious Ventures and $50 million in debt from i80 Group, a specialty finance firm providing capital and support to […]
SAN FRANCISCO — 64x Bio, a synthetic biology company, has closed a $55 million Series A financing round to fund the expansion of its VectorSelect platform, a novel cell line engineering technology which has the potential to revolutionize the economics and accessibility of gene therapy. The Series A financing was led by Lifeforce Capital, with […]
SOUTH SAN FRANCISCO — Phantom Auto, a provider of remote operation software for logistics vehicles, has raised a strategic investment of $42 million led by ArcBest, a multi-billion dollar freight and logistics service provider, and NFI, one of the largest third-party logistics providers in North America. ArcBest and NFI have signed commercial agreements to deploy thousands […]
BURLINGAME — Pixis (formerly known as Pyxis One), a provider of contextual codeless AI infrastructure for marketing optimization, has secured $100 million in Series C funding. Pixis will use funds to help the company rapidly scale its AI platforms and plugins, as well as accelerate expansions across North America, Europe, and APAC. The Series C […]