Venture Funding

Skydio Scores $100 Million Series C

REDWOOD CITY — Skydio, a drone manufacturer and developer of autonomous flight technology, has raised $100 million in Series C funding led by Next47 with participation from Levitate Capital, NTT DOCOMO Ventures, and existing investors including Andreessen Horowitz, IVP, and Playground. The new round brings Skydio’s total funding to $170 million. Skydio plans to use […]

Venture Funding

LogDNA Logs In $25 Million Series C

MOUNTAIN VIEW — LogDNA, which provides a log management solution for developers, announced it has closed a $25 million series C round of funding. Led by existing investor Emergence Capital with participation from prior investors Initialized Capital and Providence Equity and new investors TI Platform Management, Radianx Capital, Top Tier Capital Partners, and Trend Forward Capital, the round brings […]

Venture Funding

Taulia Lands $60 Million Round

SAN FRANCISCO — Fintech company Taulia has announced a new strategic funding round of $60 million led by the Ping An Global Voyager Fund with additional participation from J.P. Morgan, Prosperity7 Ventures and existing investors including Zouk Capital. The funding will help accelerate growth as the company sets its sights on further global expansion. Taulia helps […]

Apple

Apple Expands iPhone Repair Services

Apple says it is expanding its Independent Repair Provider Program with additional options for customers to access repair services. The program enables businesses of all sizes to offer repairs on iPhone using genuine Apple parts, which ensures safety and quality. Following the launch of the program in the US last fall, over 140 independent repair […]

News Uber

Uber Snaps Up Postmates in $2.65 Billion Deal

SAN FRANCISCO — Uber Technologies will acquire delivery service Postmates for approximately $2.65 billion in an all-stock transaction. Both companies are based in SF. The deal brings together Uber’s global Rides and Eats platform with Postmates’ delivery business in the U.S. Postmates is the fourth-largest delivery service in the nation and highly complementary to Uber […]

Apple

Apple Honors Eight With Design Awards

Apple has named eight app and game developers receiving an Apple Design Award, each one selected for being thoughtful and creative. Apple Design Award winners bring distinctive new ideas to life and demonstrate deep mastery of Apple technology. The apps spring up from developers large and small, in every part of the world, and provide users […]

News

British Law Firm Freshfields Opens Silicon Valley Office

MENLO PARK — British law firm Freshfields Bruckhaus Deringer has opened a new office in Silicon Valley with seven founding partners. Corporate lawyers Sarah Solum, John Fisher and Maj Vaseghi, together with litigators Boris Feldman and Doru Gavril, will join as new partners. They will launch the office with U.S. capital markets partner Pamela Marcogliese […]

Venture Funding

Annexon Closes $100 Million Financing

SOUTH SAN FRANCISCO — Biopharmaceutical company Annexon, Inc., has closed a $100 million financing led by new investor Redmile Group. Additional new investors included funds and accounts managed by BlackRock, Deerfield Management Company, Eventide Asset Management, Farallon Capital Management, Janus Henderson Investors and Logos Capital, who were joined by existing investors Adage Capital Partners, Bain […]

Deals News

Amazon Buys Zoox for $1.2 Billion

Internet giant Amazon is buying Zoox, a Foster City-based developer of self-driving car technology for a reported $1.2 billion according to The Wall Street Journal. This amount is far lower than Zoox’s previous valuation as high as $3.2 billion. Zoox was founded in 2014 with the goal of creating zero-emissions vehicles designed for autonomous ride-hailing, […]

News

United to Restart Shanghai Service From SF

United Airlines announced it will resume service to China with twice-weekly flights between San Francisco and Shanghai’s Pudong International Airport via Seoul’s Incheon International Airport beginning July 8. United will operate service with Boeing 777-300ER aircraft from San Francisco to Shanghai on Wednesdays and Saturdays. Customers traveling from Shanghai will return to San Francisco on Thursdays and Sundays. “United’s service to mainland China has been a point of pride for our employees and customers for […]

Venture Funding

Zycada Emerges From Stealth With $19 Million

SAN JOSE — Zycada has emerged from stealth to offer what it says is the fastest online shopping experience in the world. Zycada’s new approach improves Time to Interact (TTI) speeds 10 times greater than Amazon, resulting in dramatic gains in online retail revenues and empowering merchants to achieve faster online shopping experiences than Amazon for […]

Venture Funding

Andreessen Horowitz Leads $26 Million in Rasa

SAN FRANCISCO and BERLIN — Rasa Technologies, Inc., a  company providing the standard infrastructure layer for conversational AI, announced the completion of a Series B financing round totaling $26 million, led by Andreessen Horowitz and including participation from the firm’s Cultural Leadership Fund, a strategic fund designed to bring African American cultural leaders onto the cap tables of […]

Venture Funding

Big Health Scores $39 Million Series B

SAN FRANCISCO —– Big Health, a developer of digital therapeutics dedicated to helping millions back to good mental health, has raised $39 million in a Series B financing, led by Gilde Healthcare and joined by co-lead Morningside Ventures; existing investors Kaiser Permanente Ventures (KPV) and Octopus Ventures; and Samsung NEXT. Janke Dittmer, general partner at Gilde […]

Venture Funding

Doordash Delivers $400 Million Series H

SAN FRANCISCO — Doordash, the nation’s leading food delivery service, has picked up $400 million in a Series H funding round led by new investors Durable Capital Partners LP and mutual fund giant Fidelity Management & Research Co., as well as existing investors, funds and accounts advised by T. Rowe Price Associates, Inc. The new […]

News

Suburbs See Jump in Housing Demand

SANTA CLARA — Consumers are showing an increasing preference for housing in suburban and rural areas as they return to the market after the pandemic according to data from realtor.com. In May, online listing views on the real estate site in suburban ZIP codes grew by 13 percent, nearly doubling the pace of growth of […]

Facebook News

Chipotle to Take Orders on Facebook

NEWPORT BEACH, CA — Chipotle, which offers fast-casual Mexican food at over 2,600 locations, is introducing a series of enhancements to its mobile ordering capabilities including Pepper, its Concierge Bot on Facebook Messenger. Beginning June 22, customers can order food from Chipotle on Messenger by visiting FACEBOOK.COM/CHIPOTLE or the Chipotle page on the Facebook app and […]

Venture Funding

Transcend Receives $25 Million

SAN FRANCISCO — Transcend, which provides data privacy infrastructure that makes it simple to give users control over their personal data, has raised $25 million in Series A funding. Index Ventures led the round alongside Accel, with participation from South Park Commons, Phil Venables (Board Member and former CISO, Goldman Sachs), and Dylan Field (CEO, Figma). Transcend […]

Venture Funding

Instacart Adds $225 Million Round

SAN FRANCISCO — Instacart, the nation’s leading grocery delivery service, has raised $225 million as part of a new financing round led by DST Global and General Catalyst, with existing investor D1 Capital Partners participating. The investment comes as Instacart has become one of the most vital services in the country as millions of Americans […]

Venture Funding

Yugabyte Secures $30 Million Series B

SUNNYVALE — Yugabyte, a developer of open source distributed SQL databases, has raised $30 million in an oversubscribed Series B round. The round, led by 8VC, also includes participation from strategic investor Wipro Ventures and existing investors Lightspeed Venture Partners and Dell Technologies Capital. The round brings the company’s total funding to $55 million. Yugabyte […]

News

Impossible Foods Opens E-Commerce Store

REDWOOD CITY — Impossible Foods, maker of plant-based foods, is launching an all-new e-commerce site, allowing people in the lower 48 states to buy the award-winning Impossible Burger and cook it at home. The startup’s direct-to-consumer channel offers family-size quantities of the plant-based Impossible Burger starting at $49.99 (plus tax). The orders come with compostable […]

Venture Funding

Varo Locks Up $241 Million Round

SAN FRANCISCO — Mobile banking company Varo Money, Inc. has closed a $241 million Series D round, co-led by new investor Gallatin Point Capital and existing investor The Rise Fund, co-founded by TPG, U2 lead singer Bono and former eBay President Jeff Skoll. Other new investors joining the round include HarbourVest Partners and Progressive Insurance. The investment will […]

Venture Funding

Arterys Scores $28 Million

SAN FRANCISCO — ​Arterys, a global medical imaging platform that helps deliver clinical AI products over the internet, has received its seventh USA FDA clearance and announced its latest round of funding — a $28 million Series C investment from a syndicate led by Benslie Investment Group and Temasek Holdings, with participation by Fosun, Revelation […]

News

CVS to Test Self-Driving Nuro Deliveries

CVS, one of the nation’s largest pharmacy chains, is teaming up with Nuro to test its fleet of autonomous vehicles to deliver prescriptions and essentials across three zip codes in Houston, TX. The chain has been at the forefront of delivery innovation; it was the first company to make prescription home-delivery a nationwide option in […]