News about Silicon Valley business almost everyday.
SAN JOSE — Roku, Inc. has agreed to acquire Frndly TV, a subscription streaming service that offers live TV, on-demand video, and cloud-based DVR for $185 million in cash. Based in Denver, CO, Frndly TV was founded in 2019. It offers subscribers access to more than 50 top-rated live TV channels, including A&E, Hallmark Channel, […]
OpenAI is hiring Fidji Simo — the CEO of grocery delivery firm Instacart — to be the new CEO of OpenAI Applications. Simo will report directly to Sam Altman, who will remain the CEO of OpenAI and will continue to oversee the company’s three pillars – Research, Compute, and Applications – ensuring they stay aligned […]
SAN FRANCISCO — Carta Healthcare, a provider of AI-powered clinical data abstraction, has secured $18.25 million in Series B1 financing. This investment will accelerate the company’s growth as demand surges among health systems and life sciences organizations for AI-driven innovation that transforms clinical data into valuable insights. The investment was led by UPMC Enterprises, with participation […]
Using a new law written to help confront the rise of organized retail thefts, the Santa Clara County District Attorney’s Office is prosecuting a crew that traveled from Sacramento to San Jose to Santa Cruz, brazenly stealing merchandise from dozens of Home Depot stores. The crew struck nearly 200 times in just four months, in […]
PLEASANTON — Supabase, an open-source Database-as-a-Service (DBaaS) company, has raised $80 million in Series B funding led by Felicis, with participation from existing investors Coatue and Lightspeed. This latest round follows Supabase’s $30 million Series A round announced in September 2021, and brings the Company’s total capital raised to $116 million. Supabase’s platform enables developers to rapidly develop products without worrying about […]
SAN FRANCISCO — Persona, a leading verified identity platform, has announced a $200 million Series D funding round, bringing the company’s valuation to $2 billion. The round was co-led by Founders Fund and Ribbit Capital, with participation from existing investors including BOND, Coatue, First Round Capital, and Index Ventures and Chemistry. AI, fraud, and fragmentation are redefining online identity […]
The National Academy of Sciences (NAS) announced 120 newly elected members, including seven Stanford University researchers. Scientists are elected to the NAS by their peers “in recognition of their distinguished and continuing achievements in original research.” The NAS provides advice to the United States government on matters related to science, engineering, and health policy. The new members […]
SANTA CLARA – Ellore, Santa Clara’s premier luxury senior living community in The Clara District, has opened its doors to welcome its first residents. As the newest addition to Silicon Valley’s evolving landscape, Ellore is redefining senior living for the generation that helped shape the region’s legacy of innovation. The 176-residence community offers curated amenities, including […]
Goodwill of Silicon Valley, a nonprofit dedicated to improving job opportunities and the standards of living for those facing employment barriers, has opened its first-ever Outlet store. This new location offers bulk shopping at deeply discounted prices, with most items sold by the pound. Shoppers can expect a fast-paced, treasure-hunt-style experience featuring clothing, housewares, books, […]
San Francisco Police officers assigned to Ingleside Station conducted a shoplifting sting to address Organized Retail Crimes (ORC). These operations involved coordinated efforts of uniformed and plainclothes officers who waited to arrest criminals who shoplift from retail businesses. Safeway and Walgreens, located on the 3300 block of Mission Street and the 900 block of Geneva […]
DoorDash has announced new products and features for merchants to manage online orders in real-time and connect directly with their customers. These updates support merchants by providing tools that help drive sales, improve operations, and meet the evolving needs of consumers. The new products and features include: Live order management for the Business Manager App – […]
SAN FRANCISCO — Plenful, an AI workflow automation platform modernizing healthcare operations, has secured a $50 million Series B funding round. The round is co-led by Mitchell Rales, co-founder of Danaher Corporation, who also joins Plenful’s board and Arena Holdings, with participation from Notable Capital, Bessemer Venture Partners, TQ Ventures, Susa/Kivu Ventures, and other leading investors. This brings […]