News about Silicon Valley business almost everyday.
Location-tracking devices like Apple’s AirTag can help users find personal items like their keys, purse, luggage, and more through crowdsourced finding networks. However, they can also be misused for unwanted tracking of individuals. Apple and Google announced they have jointly submitted a proposed industry specification to help combat the misuse of Bluetooth location-tracking devices for […]
SAN FRANCISCO — Slash, an online banking platform, has emerged from stealth with $19 million in seed and Series A funding. The seed and Series A rounds were led by NEA with additional participation from Menlo Ventures, Connect Ventures, Y Combinator, Soma Capital, Global Founders Capital, with participation from angel investors William Hockey, the founder […]
SAN JOSE — Lincoln Law School of San Jose announced that Steve Wozniak, technology innovator, cofounder of Apple Inc., and one-time Dancing With the Stars competitor will serve as keynote speaker for its Scholarship Gala on Friday, May 19th, at 6pm in the San Jose Grand Corinthian Ballroom. Cocktail hour will begin at 5pm. Tickets are available at www.lincolnlawschool.edu/gradgala. “I am absolutely excited […]
SANTA CLARA — AMD has introduced the new Ryzen Z1 Series processors, high-performance processor for handheld PC gaming consoles. The Ryzen Z1 Series features two high performance processors, the Ryzen Z1 and Ryzen Z1 Extreme, both offering industry-leading gaming experiences, uncompromising battery life, and featuring AMD RDNA 3 architecture-based graphics. AMD is partnering with Asus […]
SAN FRANCISCO — Marubeni, a leading Japanese trading company, and KitchenTown, a food start-up incubator based in San Mateo, have signed an investment agreement last month. Marubeni’s investment will support the growth of KitchenTown’s consulting, and incubation activities. Together, the companies intend to support Japanese startups entering the U.S. market and the growth of American […]
PALO ALTO — Character.AI has closed a $150 million Series A fundraising round at a $1 billion valuation led by Andreessen Horowitz (a16z) with participation from previous investors, including Nat Friedman (former GitHub CEO), Elad Gil, SV Angel and A Capital. Andreessen Horowitz General Partner Sarah Wang will join Character.AI’s board of directors. The funds […]
SAN FRANCISCO – Manish Lachwani, a former CEO of HeadSpin, pleaded guilty in federal court in San Francisco last week to wire fraud and securities fraud charges in connection with his scheme to dupe potential investors into supporting the technology start-up he founded and led, announced United States Attorney Ismail J. Ramsey and FBI Special […]
SAN JOSE – Dhirendra Prasad, a former buyer for Apple Inc., was sentenced to serve three years in prison and ordered to pay $19,270,683 in restitution for conspiring to defraud Apple of millions of dollars and for related tax crimes, announced United States Attorney Ismail J. Ramsey and Internal Revenue Service-Criminal Investigation (IRS-CI) Special Agent […]
Square has unveiled nearly 100 new features in its spring product release, introducing a bevy of new features across the entire product ecosystem aimed at small businesses. “Square has more than 35 integrated tools, and they’re all designed to help sellers work smarter by automating their operations and creating new revenue streams,” said Alyssa Henry, CEO […]
SANTA CLARA — AMD has introduced high-performance AMD Ryzen Embedded 5000 Series, a new solution for customers requiring power-efficient processors optimized for “always on” networking firewalls, network-attached storage systems and other security applications. The Ryzen Embedded 5000 Series rounds out the “Zen 3”-based AMD embedded processor portfolio which also includes the Ryzen Embedded V3000 and […]
SANTA CLARA – EdgeQ Inc, a provider of 5G wireless infrastructure, has secured a $75 million Series B investment round as well as the appointment of Lattice Semiconductor CEO and President, Jim Anderson, to the company’s Board of Directors. EdgeQ plans to use the funding to ramp production of its award-winning 5G + AI “Base Station-on-a-Chip” to […]
MENLO PARK — Autotech Ventures, an early-stage venture capital firm that focuses on solving the world’s ground transportation challenges with technology, announced the closing of its third fund. The $230 million fund will be used to invest in Seed through Series C rounds for mobility-related startups. Autotech says it has over $500 million under management and has invested […]