News about Silicon Valley business almost everyday.
MOUNTAIN VIEW — Intuit, the global financial technology company that includes TurboTax, Credit Karma, QuickBooks, and Mailchimp, has entered into an agreement to acquire San Francisco-based SeedFi, the partner behind Credit Karma’s Credit Builder, which helps low, or no-credit borrowers build credit while saving money, all for free. Terms of the transaction were not disclosed. Credit Builder offers […]
PALO ALTO — Pangea Cyber has announced a $26 million Series B funding round to accelerate the delivery of its API-based security services. The round was led by GV, with participation from Decibel and Okta Ventures. They join existing investors Ballistic Ventures and SYN Ventures. This brings total funding raised for the one year old […]
SAN FRANCISCO — Instacart, the leading grocery delivery company in North America, has introduced Community Carts, a new feature that reimagines traditional food drives, making it easy for consumers to donate groceries that food banks need most with the Instacart App. Just in time for the holiday season, Community Carts gives consumers the opportunity to […]
The median home price in California for the month of October dropped from the previous month to $801,190 according to the California Association of Realtors. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 274,040 in October, according to information collected by C.A.R. from more than 90 […]
SUNNYVALE, CA and CALGARY, AB — Plug and Play has announced a partnership with WestJet, Canada’s second largest airline in both their Silicon Valley and Alberta, Canada locations. The partnership will focus on leveraging artificial intelligence and machine learning across the airline’s business through Plug and Play’s Travel and Hospitality program. “In our expansive travel and hospitality industry, access to […]
NVIDIA is teaming up with Microsoft to build one of the most powerful AI supercomputers in the world. The machines will be powered by Microsoft Azure’s advanced supercomputing infrastructure combined with NVIDIA GPUs, networking and full stack of AI software to help enterprises train, deploy and scale AI, including large, state-of-the-art models. Azure’s cloud-based AI […]
Palo Alto Police are looking for a crew of home burglars with 11 cases since October 9, where the burglars are stealing jewelry and other valuables from unoccupied homes during the dinnertime hours. No arrests have been made but officers and detectives are actively investigating the cases. The trend indicates the crimes are occurring in […]
New data from Synergy Research Group shows that Q3 enterprise spending on cloud infrastructure services exceeded $57 billion. This was up by well over $11 billion from the third quarter of last year despite two fierce headwinds – historically strong US dollar and a severely restricted Chinese market. That incremental spending represents year-on-year growth of 24%. If exchange rates had remained constant over […]
Amazon users will seen be able to pay for their orders with Venmo on Amazon.com and on the Amazon mobile app. Venmo is owned by PayPal and has nearly 90 million active customers in the U.S. Starting to rollout to select Amazon customers, Venmo will be available to United States customers by Black Friday. Venmo […]
Best Buy is launching the first ever subscription program for Mac laptops from Apple. The upgrade program, called Upgrade+ powered by Citizens Pay, makes it easy and affordable for customers to experience and upgrade to the latest Mac laptops with Apple silicon, including all MacBook Air and MacBook Pro models. Through Upgrade+, customers can apply […]
Toyota is introducing an all-new version of its Crown sedan in early 2023. With massive wheels, a flowing silhouette and unique paint options, it is a ride that is ready to stand out from the crowd. Toyota Crown brings ample style and the added confidence of standard AWD and the choice of two electrified Toyota […]
SAN FRANCISCO — Security company Cloudflare, Inc. recently announced a new funding program for startups in partnership with 26 leading venture capital investors. The Workers Launchpad Funding Program will provide up to $1.25 billion of financing to startups building applications on Cloudflare Workers, a highly-scalable serverless computing platform that allows developers to build or augment […]