News about Silicon Valley business almost everyday.
MENLO PARK and NEW YORK — Venture capital firm New Enterprise Associates (NEA) has announced several promotions. Aaron Jacobson and Vanessa Larco, both technology investors, have been elevated to senior investing team roles with appointments to the firm’s Venture Capital Investment Committee. NEA also promoted three individuals to Partner: Danielle Lay and Luke Pappas on the technology investing team, and healthcare investor Lily Huang. “We […]
Vacation rental site Vrbo has revealed its 2023 Vacation Homes of the Year which features the most exceptional vacation homes across the U.S. As a bonus, this year’s list also includes a vacation home in Mexico, an international destination that consistently ranks as one of the most popular for U.S. travelers. [Photo above: Palm Springs, […]
A federal court in the Northern District of California has unsealed an indictment of former Apple employee Weibao Wang, 35, formerly of Mountain View, CA, for charges related to his alleged theft and attempted theft of trade secrets in connection with a scheme to access, download, and steal Apple technology related to autonomous systems. According […]
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 […]