News about Silicon Valley business almost everyday.
PALO ALTO — Parallel Web Systems has raised $100 million in Series A funding at a $740 million valuation to build the web for its second user: AIs. The round was co-led by Kleiner Perkins and Index Ventures, with participation from Spark Capital and support from existing investors Khosla Ventures, First Round Capital, and Terrain. […]
SAN FRANCISCO — BoomPop, an AI-powered planning platform for company events, has secured a $41 million funding round led by Wing VC, with participation from Atomic, Acme, Four Rivers, Thayer Investment Partners, the Fund of Operators Guild, Gaingels, and individual investors including Alex Rodriguez (14x MLB All-Star and investor), Brian O’Malley (HotelTonight, Fora Travel), Dane […]
SAN FRANCISCO — Anzen, an AI-powered platform redefining how commercial insurance is distributed, has raised a $16 million Series A led by Madrona, with participation from Sandbox Industries, SNR, Andreessen Horowitz, and other leading investors. The round brings Anzen’s total capital raised to $26 million. Since its founding in 2021, Anzen has grown rapidly to millions in […]
SAN FRANCISCO — Sonder Holdings, operator of premium apartments and boutique hotels, announced that it will wind down operations immediately and expects to initiate a Chapter 7 liquidation of its U.S. business. The Company also intends to initiate insolvency proceedings in the international countries in which it operates. Sonder has faced severe financial constraints arising […]
The San José Police Department is seeking the public’s assistance in finding a suspect wanted in over 100 burglaries of cars at four different San Jose apartment complexes. Between November 8, 2025 at approximately 10:00 PM through November 9, 2025 at approximately 1:00 AM, San José Police Department Patrol Officers responded to numerous reports of […]
PALO ALTO — Hippocratic AI, which develops generative AI healthcare agents, has closed a Series C financing, raising $126 million at a $3.5 billion valuation and bringing its total funding to $404 million. The funding was led by Avenir Growth, a leader in supporting category defining companies in generative AI, with participation from new and […]
SANTA CLARA — AMD has completed an agreement to divest the ZT Systems U.S.-headquartered data center infrastructure manufacturing business to Sanmina. As part of the transaction, AMD retains ZT Systems’ design and customer enablement teams to accelerate the quality and time-to-deployment of AMD AI systems for cloud customers. Additionally, Sanmina becomes a preferred new product […]
25 new grocery partners are joining DoorDash in the fight to make sure everyone can put food on the table after the SNAP funding was halted by federal government. Winn-Dixie, ShopRite, Fairway Market, Gourmet Garage, The Fresh Grocer, Price Rite Marketplace, the Raley’s Companies, the Save Mart Companies, BJ’s Wholesale Club, Food City, El Super, […]
The U.S. Department of Energy (DOE), Argonne National Laboratory in Illinois, NVIDIA and Oracle have announced a landmark public-private partnership to deliver the DOE’s largest AI supercomputer and accelerate scientific discovery. The partnership will also immediately deliver world-class AI computing resources to DOE researchers while simultaneously building two next-generation AI supercomputing systems at Argonne National […]
Amazon Web Services (AWS) and OpenAI have formed a multi-year, strategic partnership that provides AWS’s infrastructure to run and scale OpenAI’s core artificial intelligence (AI) workloads starting immediately. Under this new $38 billion agreement, which will have continued growth over the next seven years, OpenAI is accessing AWS compute comprising hundreds of thousands of state-of-the-art […]
SAN FRANCISCO — Sumble has launched from stealth with $38.5 million in Seed and Series A funding led by Canaan Partners and Coatue, along with Square Peg Capital, Zetta Venture Partners, Bloomberg Beta, AIX Ventures, and angel investors that include Marc Benioff and Nat Friedman. Customers include: Snowflake, Figma, Wiz, Vercel, Elastic, Atlan, Wandb, Omni, […]
SAN FRANCISCO — Cloudflare, Inc. reported $562 million in revenues for the third quarter ended September 30, 2025 — a 31% increase from a year ago. The company had a net loss of $1.3 million. “Our excellent third quarter results clearly demonstrate our increasing momentum, with revenue growth accelerating for the second consecutive quarter to […]