News about Silicon Valley business almost everyday.
Stanford University was recognized with a conference-best 229 student-athletes named to the Pac-12 Spring Academic Honor Roll. A total of 1,255 student-athletes were recognized for their work in the classroom. Any student-athlete on their respective team roster with a cumulative grade-point average of 3.3-or-above, and who has served at least one year in residence at the […]
OAKLAND — Pacific Gas and Electric Company (PG&E) announced keynote speakers for its Innovation Summit 2023 on July 25, featuring a one-on-one conversation and Q&A between Patti Poppe, Chief Executive Officer of PG&E Corporation, and Elon Musk, Chief Executive Officer of Tesla and owner of Twitter. The first-of-its-kind summit for PG&E brings together entrepreneurs, start-ups, thought leaders, utility peers, […]
SAN FRANCISCO — Simbe Robotics, a company leveraging AI and robotics to elevate the performance of retailers with real-time insights into inventory and operations, has secured a Series B financing round of $28 million, led by venture capital firm Eclipse. Simbe has now raised $54 million to date. “We’re honored to be supported by an […]
SAN FRANCISCO – 6sense, which operates a platform for B2B organizations to manage revenue, has secured new debt financing totaling $100 million comprising a senior secured revolving credit facility from Silicon Valley Bank (SVB), a division of First Citizens Bank. 6Sense says it had revenue growth in fiscal 2023 of 70% . “Our relentless focus on execution […]
Bessemer Venture Partners has promoted Kate Walker to Vice President. She joined the firm in 2021. Kate primarily focuses on early-stage vertical software and internet opportunities. As a creative and strategic investor, Kate works closely with portfolio companies to develop go-to-market strategies and operating plans, recruit talent, and navigate key decisions. In her time at […]
SANTA CRUZ — Joby Aviation, a publicly-traded company developing all-electric aircraft for commercial passenger service, announced it has received a Special Airworthiness Certificate for the first aircraft built at its Pilot Production Line in Marina, CA. Issued by the Federal Aviation Administration, the certificate allows Joby to begin flight testing of its first production prototype. […]
Discount carrier Spirit Airlines has launched new, nonstop service from its seventh California airport this month at San José Mineta International Airport (SJC). The launch includes two daily flights to Las Vegas (LAS) and daily flights to Dallas-Fort Worth (DFW) and San Diego (SAN). It also provides an easy gateway for visitors to fly to […]
OAKLAND –– A total of 77 locally-owned Northern and Central California restaurants will receive a financial boost from the California Restaurant Foundation (CRF) and The PG&E Corporation Foundation (PG&E Foundation) through grants to invest in equipment upgrades, workforce training and more — all intended to help increase their longevity and business success. The PG&E Foundation’s $900,000 charitable contribution to CRF […]
Tesla will allow customers of a competing automaker to use their network of superchargers starting next year. Ford Motor Company said it reached an agreement with Tesla Motors that will provide Ford electric vehicle customers access to more than 12,000 Tesla Superchargers across the U.S. and Canada, doubling the number of fast-chargers available to Ford […]
SANTA CLARA — Applied Materials plans to invest at least $4 billion to build the world’s most advanced facility for collaborative semiconductor process technology and manufacturing equipment research and development (R&D) right in Silicon Valley. The project is also dependent on receiving federal funding from the $53 billion Chips Act signed last August by the […]
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, […]
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 […]