News about Silicon Valley business almost everyday.
SAN FRANCISCO — Silicon Valley Bank, now a division of First Citizens Bank, announced that 16-year SVB veteran Jackie Spencer has been named the new Head of Relationship Management for Life Science and Healthcare Banking. The company also announced that 26-year SVB veteran Megan Scheffel was named Head of Credit Solutions for the Life Science and Healthcare practice. Spencer and Scheffel […]
Apple and Major League Baseball (MLB) have announced the August 2023 “Friday Night Baseball” schedule, available to all Apple TV+ subscribers. “Friday Night Baseball” games on Apple TV+ are called each week by Wayne Randazzo (play-by-play), Dontrelle Willis (analyst), Heidi Watney (sideline reporter), Alex Faust (play-by-play), Ryan Spilborghs (analyst), and Tricia Whitaker (sideline reporter). Brian […]
Stanford University was recognized with a conference-best 229 student-athletes named to the Pac-12 Spring Academic Honor Roll. A total of 1,255 student-athletes were recognized for their work in the classroom. Any student-athlete on their respective team roster with a cumulative grade-point average of 3.3-or-above, and who has served at least one year in residence at the […]
OAKLAND — Pacific Gas and Electric Company (PG&E) announced keynote speakers for its Innovation Summit 2023 on July 25, featuring a one-on-one conversation and Q&A between Patti Poppe, Chief Executive Officer of PG&E Corporation, and Elon Musk, Chief Executive Officer of Tesla and owner of Twitter. The first-of-its-kind summit for PG&E brings together entrepreneurs, start-ups, thought leaders, utility peers, […]
SAN FRANCISCO — RecruitBot, which develops AI-powered software for its hiring platform, has raised $8.2 million in additional seed funding. The investment was led by Slow Ventures with participation from OCA, Freestyle, Parade, and Kevin Mahaffey. With RecruitBot, recruiters get access to modern sales and marketing technologies, built for their specific recruiting activities. Instead of old-school […]
SAN FRANCISCO — Simbe Robotics, a company leveraging AI and robotics to elevate the performance of retailers with real-time insights into inventory and operations, has secured a Series B financing round of $28 million, led by venture capital firm Eclipse. Simbe has now raised $54 million to date. “We’re honored to be supported by an […]
SAN FRANCISCO — Typeface, a generative AI platform for enterprise content creation, has landed $100 million with the close of its Series B round. The oversubscribed round was led by Salesforce Ventures with participation from Lightspeed Venture Partners, Madrona, GV (Google Ventures), Menlo Ventures, and M12 (Microsoft’s Venture Fund). With total capital raised of $165 million at a […]
PALO ALTO — Inflection AI has raised $1.3 billion in a new round of funding led by Microsoft, Reid Hoffman, Bill Gates, Eric Schmidt, and new investor NVIDIA. The new funding brings the total raised by the company to $1.525 billion. Along with its partners CoreWeave and NVIDIA, Inflection AI is building the largest AI cluster in […]
SAN FRANCISCO – 6sense, which operates a platform for B2B organizations to manage revenue, has secured new debt financing totaling $100 million comprising a senior secured revolving credit facility from Silicon Valley Bank (SVB), a division of First Citizens Bank. 6Sense says it had revenue growth in fiscal 2023 of 70% . “Our relentless focus on execution […]
Bessemer Venture Partners has promoted Kate Walker to Vice President. She joined the firm in 2021. Kate primarily focuses on early-stage vertical software and internet opportunities. As a creative and strategic investor, Kate works closely with portfolio companies to develop go-to-market strategies and operating plans, recruit talent, and navigate key decisions. In her time at […]
SANTA CRUZ — Joby Aviation, a publicly-traded company developing all-electric aircraft for commercial passenger service, announced it has received a Special Airworthiness Certificate for the first aircraft built at its Pilot Production Line in Marina, CA. Issued by the Federal Aviation Administration, the certificate allows Joby to begin flight testing of its first production prototype. […]
New episodes of the Emmy Award-winning hit “Carpool Karaoke: The Series” premiered Friday on Apple TV+. This season, the stars — sharing a car, singing along to their personal playlists and embarking on new adventures — will include Alanis Morissette, Sheryl Lee Ralph, Avril Lavigne, Cedric the Entertainer, Lea Michele, Alison Brie, Darren Criss, Yungblud, […]