News about Silicon Valley business almost everyday.
Netflix is teaming up with Dr. Seuss Enterprises to bring to life five new animated preschool series and specials. The projects are inspired by well-known Dr. Seuss stories like Horton Hears a Who!; The Sneetches; One Fish, Two Fish, Red Fish, Blue Fish; and Wacky Wednesday, in addition to lovable characters like Thidwick the Big-Hearted Moose. Executive Producer Dustin […]
PALO ALTO — CommerceIQ, a leading Retail Ecommerce Management Platform, has closed a $115 million Series D funding, bringing the company’s total valuation to more than $1 billion. The round was led by SoftBank Vision Fund 2 and includes participation from all existing institutional investors: Insight Partners, Trinity Ventures, Shasta Ventures, and Madrona Venture Group. […]
PALO ALTO — Bionic, developer of an Application Security Posture Management platform, has closed a $65 million Series B funding round led by Insight Partners. Existing investors Cyberstarts and Battery Ventures also participated in the round. Bionic will use this new round to expand investment in R&D and scale its rapidly growing sales and customer […]
PayPal has hired Archana (Archie) Deskus from Intel as its new executive vice president and chief information officer (CIO), effective March 28. Deskus will oversee PayPal’s global information technology operations and report to PayPal President and CEO Dan Schulman. “As we expand the scope of our services and relevance in the lives of our customers, […]
SAN MATEO — SiFive, Inc., the founder and developer of RISC-V computing, has raised $175 million in a Series F financing round, valuing the company at over $2.5 billion. The Series F round was led by Coatue Management. SiFive is substantially accelerating the development of the company’s RISC-V products, future roadmap, and ecosystem to achieve […]
MENLO PARK — Deepcell, a life science company pioneering AI-powered single cell classification and isolation for basic and translational research, has closed $73 million Series B round of financing. The new funding will allow Deepcell to continue product development and enable early commercial introduction of a new standard for obtaining biological insights from single cell […]
General Motors announced it is acquiring SoftBank Vision Fund 1’s equity ownership stake in Cruise for $2.1 billion and separately will make an additional $1.35 billion investment in Cruise, replacing a previous commitment made by the fund in 2018. GM already is the majority owner of Cruise, based in San Francisco, and began testing its self-driving […]
AMD announced the pricing and availability of the AMD Ryzen 7 5800X3D processor, which it promotes as the world’s ultimate gaming processor. The AMD Ryzen 7 5800X3D processor is the first Ryzen processor to feature AMD 3D V-Cache technology. With this industry-leading technology, the 5800X3D delivers 15% more gaming performance compared to processors without stacked […]
Meta — the parent company of Facebook, Instagram and Whatsapp — has filed a lawsuit in the United States District Court for the Northern District of California against Chad Taylor Cowan for breach of Terms and other claims for providing a fake engagement service directed at Facebook. Operating as “Customer Feedback Score Solutions,” and using the […]
Instacart has teamed up with TikTok, one of the leading social networks, to launch Shoppable Recipes – a new product integration that will allow food creators to make their recipes shoppable via Instacart delivery. Shoppable Recipes will also be found on Buzzfeed’s Tasty app, as well on Hearst Magazines’ properties like Delish, Good Housekeeping, and […]
Google announced it will invest nearly $700 million in Poland via the purchase and development of The Warsaw HUB, a modern office complex right in the heart of Poland’s capital city. Google moved into The Warsaw Hub as a tenant last year, opening a new office there — a home to teams working primarily on […]
In response to rising gas prices, Doordash — the leading food delivery service — is offering its drivers bonuses based on miles driven and 10% back on gas purchases via its Dasher Direct debit card. Here is what Doordash is offering its drivers, also known as dashers: All U.S. Dashers Are Eligible for 10% Cash […]