News about Silicon Valley business almost everyday.
SAN MATEO – Skydio, a leading U.S. drone manufacturer, has raised $230 million in funding. The $230 million Series E round brings Skydio’s total funding raised to $562 million with a current valuation of over $2.2 billion. Linse Capital led the round, joined by existing investors Andreessen Horowitz, Next47, IVP, DoCoMo, NVIDIA, the Walton Family […]
SAN FRANCISCO — Immi, the world’s first low-carb, high-protein, and 100% plant-based instant ramen brand, has closed $10 million in Series A funding. This new round of funding will help the company hire for key leadership roles, expand its better-for-you lineup of flavor offerings, and scale retail expansion nationwide. The round was led by Touch Capital […]
Eli Lilly and Company announced price reductions of 70% for its most commonly prescribed insulins and an expansion of its Insulin Value Program that caps patient out-of-pocket costs at $35 or less per month. Lilly is taking these actions to make it easier to access Lilly insulin and help Americans who may have difficulty navigating a complex healthcare system […]
California home sales edged up in January for the second straight month, as interest rates continued to take a breather, but still remained below the 250,000-unit sales pace for the third straight month, according to the California Association of Realtors. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized […]
Netflix has formed its first partnership with the NFL: Quarterback, a new docu-series that will take a unique look at each season, told through the lens of NFL quarterbacks. This year, the series features exclusive, unprecedented access to Patrick Mahomes [photo above], Kirk Cousins and Marcus Mariota from the beginning of the 2022 season to […]
The United States Postal Service awarded contracts for 9,250 Ford left-hand drive (LHD) battery electric vehicles (BEVs) as well as initial orders for more than 14,000 charging stations to be deployed at Postal Service facilities around the country. Overall, the Postal Service’s total investment in vehicles is expected to reach $9.6 billion, including $3 billion […]
SAN FRANCISCO — Typeface, an AI application for enterprise content creation, has emerged from stealth to help businesses securely create exceptional, brand-personalized content faster and easier than ever before. The company launched with an oversubscribed $65 million round from Lightspeed Venture Partners, GV (Google Ventures), M12 (Microsoft’s Venture Fund), and Menlo Ventures. Typeface is led […]
SAN FRANCISCO — SignalFire, an early-stage venture capital firm harnessing data and artificial intelligence to identify investments and support for the next generation of startups, has closed over $900 million in fresh capital that brings the firm to over $1.8 billion in assets under management. The firm’s investments include Frame.io, Grammarly, Flock Freight, Ro and […]
SAN FRANCISCO — Zerocater, a provider of corporate cafeterias and catering solutions, has raised a Series C funding of $15 million, led by Cleveland Avenue LLC, with participation from Remus Capital. The company is also expanding its technology enabled corporate cafeteria solution to ten additional markets including its first international market in Canada. Since completing YCombinator […]
Oracle and Uber Technologies, Inc. have announced a seven-year strategic cloud partnership to accelerate Uber’s innovation and help deliver new products to market. As Uber continues to grow and enter new markets, it is increasingly important for the business to focus resources on its core strengths and strategic initiatives. By migrating some of the company’s […]
DoorDash is now offering on-demand grocery delivery from nearly all ALDI grocery locations across 38 states. With the addition of ALDI, one of America’s fastest-growing retailers, more than 98% of DoorDash’s monthly consumers in the U.S. have access to a non-restaurant store on DoorDash. “By partnering with DoorDash, we can conveniently bring our award-winning, fresh […]
SAN RAMON — Complete Solaria, a solar technology, services, and installation company, has received a $10 million strategic investment from Foris Ventures, LLC, an entity affiliated with John Doerr, Chairman of venture capital firm Kleiner Perkins. The commitment is part of a previously announced $30 million bridge round, in support of Complete Solaria’s previously announced […]