PALO ALTO — Drip Capital, a digital platform for trade finance, has secured $113 million in new funding. This includes $23 million in equity from Japanese institutional investors, GMO Payment Gateway and Sumitomo Mitsui Banking Corporation (SMBC), and $90 million in debt financing, led by the International Finance Corporation (IFC) and East West Bank. The company collaborates with over 9,000 sellers and […]
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Pacific Workplaces Opens New Silicon Valley Location
SAN JOSE — Pacific Workplaces (PAC), the San Francisco-based co-working company and hybrid work solutions provider, has opened a new flexible office space at 84 W Santa Clara Street, 7th Floor in San Jose. Spanning 12,965 square feet, this innovative facility was designed by Workplace Studio and features 51 private offices, 6 fully equipped meeting […]
GoPro Launches Two New Cameras
GoPro has introduced two new GoPro cameras: the top-of-the-line $399 HERO13 Black with its HB-Series Lenses, and the smallest, simplest 4K camera, the $199 HERO. Each camera offers unique new features that build upon GoPro-patented technologies. “This year’s two new GoPro cameras are inspired by and built for the GoPro Community,” says GoPro Founder and CEO Nicholas […]
General Catalyst Leads $150 Million Series C in Codeium
MOUNTAIN VIEW — Codeium, an AI-powered code acceleration platform, has secured $150 million in Series C funding, raising the company’s valuation to $1.25 billion and bringing the startup to Unicorn status in less than two years from inception. The round was led by General Catalyst, with continued support from existing investors Kleiner Perkins and Greenoaks. […]
Apple CFO Luca Maestri Stepping Down
CUPERTINO — Apple announced that Chief Financial Officer Luca Maestri will transition from his role on January 1, 2025. Maestri will continue to lead the Corporate Services teams, including information systems and technology, information security, and real estate and development, reporting to Apple CEO Tim Cook. As part of a planned succession, Kevan Parekh, Apple’s […]
Palo Alto Police Investigate Late Night Home Burglary
PALO ALTO, CA – Police are investigating the burglary of an occupied home late Tuesday night. There was no contact between the suspect and resident. The suspect is unknown and at large. On Tuesday, August 27, 2024, at about 10:40 p.m., the Palo Alto 24-hour dispatch center received a call reporting a burglary that had occurred at […]
Openwater Secures $100 Million
SAN FRANCISCO –Openwater announced the acceleration of its plans to commercialize its hospital-grade technology platform that integrates semiconductor physics, light, and sound to diagnose and treat diseases at the cellular level. The company, founded by brain tumor survivor and former Google X, Meta, and “One Laptop Per Child” executive Mary Lou Jepsen, has secured $100 […]
Xi Medical Closes $45 Million Series B
UNION CITY — XII Medical, Inc., a clinical-stage medical technology company developing innovative therapies for obstructive sleep apnea, has closed a $45 million Series B equity financing. The financing was led by Omega Funds and joined by new investor Intuitive Ventures. Existing investors also participated, including founding investor Cleveland Clinic, Ajax Health, Longview Ventures (an […]
Justice Department Sues Rental Software Company RealPage
The Justice Department, together with the Attorneys General of North Carolina, California, Colorado, Connecticut, Minnesota, Oregon, Tennessee, and Washington, filed a civil antitrust lawsuit last week against RealPage Inc., a property management software company headquartered in Richardson, TX. The company was sued by the Justice Dept. for its unlawful scheme to decrease competition among landlords […]
SF Police Arrest 10 Suspects in Shoplifting Blitz
San Francisco police are trying to crack down on shoplifters in the city. To help reduce retail thefts and to hold people who commit these crimes accountable, SF Police officers assigned to Central Station implemented ‘blitz’ operations. Blitz operations involved coordinated efforts of uniformed and plainclothes officers who wait to arrest criminals inside a partner […]
Moximed Closes $61 Million Series D
FREMONT – Moximed, a medical device company on a mission to improve the standard of care for people with knee osteoarthritis (OA), has closed on $61 million of Series D preferred stock financing with an option to close on up to an additional $30 million. The round was led by Elevage Medical Technologies, a Patient […]
Doordash to Include Max Subscription With Dashpass Membership
SAN FRANCISCO & BURBANK — DoorDash, the nation’s leading food delivery service, has launched a partnership with Max to include its streaming service free with DashPass annual subscriptions. Max is Warner Bros. Discovery’s streaming service that features original series, blockbuster movies and documentaries as well as a library of beloved TV from leading brands like […]