News about Silicon Valley business almost everyday.
CUPERTINO — Apple has introduced iPhone 17, featuring the new Center Stage front camera; a powerful 48MP Fusion Main camera with an optical-quality 2x Telephoto; and a new 48MP Fusion Ultra Wide camera that captures expansive scenes and macro photography in more detail. The 6.3-inch Super Retina XDR display with ProMotion is bigger and brighter, […]
SAN FRANCISCO — Baseten, the company powering inference for the world’s fastest-growing AI products, has secured a $150 million Series D fundraise at a $2.15 billion valuation. The round was led by BOND, with participation from new investors CapitalG, Premji, and Kevin and Elizabeth Weil of Scribble. Existing investors Conviction, 01a, IVP, Spark, and Greylock […]
SAN FRANCISCO — Databricks, the Data and AI company, announced it has crossed a $4 billion revenue run-rate during Q2, growing >50% year over year. Databricks said its AI products also recently crossed a $1 billion revenue run-rate. The company has raised $1 billion in new capital in a Series K funding round. This investment values the […]
S&P Dow Jones Indices said it will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, September 22, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. […]
SAN FRANCISCO — SoFi, which operates a one-stop shop for digital financial services, has signed a multi-year partnership with Buffalo Bills quarterback Josh Allen. Allen has proven himself as an MVP, performing at the highest level. SoFi Plus matches that same superiority as America’s most rewarding financial membership—giving members the tools to help them bank, […]
SAN FRANCISCO — HappyRobot has raised a $44 million Series B round, led by Base10 Partners with participation from a16z, Array Ventures, Avra, Samsara Ventures, Tokio Marine, WaVe-X, WiL, YC, and other strategic investors. This round comes just 10 months after raising a $15.6 million Series A, bringing total funding to $62 million. HappyRobot has developed an AI-native […]
ERA Real Estate announced its latest affiliation with a full-service brokerage powerhouse with a concentrated footprint in Silicon Valley’s Santa Clara County and the Peninsula’s San Mateo County, now doing business as Real Estate Experts ERA Powered. The company, whose core market comprises nearly 2,500 square miles, with an average sales price of $1.3 million, has […]
At devcom developer conference 2025, Europe’s biggest game developer event, Google Cloud last week released new research, conducted by The Harris Poll, that reveals the widespread adoption of generative (gen) AI in the games industry and its transformative impact on game development and player experiences. The study of 615 game developers in the United States, South Korea, Norway, Finland, and Sweden found that […]
SAN FRANCISCO — Planet Labs announced that its high-resolution, AI-enabled Pelican-3 and Pelican-4 satellites were successfully launched to orbit on SpaceX’s Falcon 9 rocket from Vandenberg Space Force Base in California. The Planet team has successfully made contact with Pelican-3 and Pelican-4 and started the commissioning processes for these satellites. Joining Pelican-1 and Pelican-2, Pelican-3 […]
SANTA CLARA — OpenLight, a leader in custom Photonic Application-Specific Integrated Circuit (PASIC) chip design and manufacturing based on heterogeneous integration, announced the close of its oversubscribed $34 million Series A. The round is co-led by Xora Innovation and Capricorn Investment Group. Other participants include Mayfield; Juniper Networks, now part of HPE; Lam Capital, the corporate […]
San Francisco – San Francisco District Attorney Brooke Jenkins announced that Walker Reed Quinn (45), has been charged in connection to multiple vandalism incidents involving Waymo vehicles in the South of Market (SOMA) neighborhood. Mr. Quinn is charged with three counts of vandalism more than $400 (PC 594(b)(1)) and one count of vandalism less than […]
BERKELEY — Copper, which manufactures battery-powered appliances, has closed a $28 million Series A financing to expand its operations into new markets and products. The financing, a combination of equity and debt, was led by Prelude Ventures, which invests in startups with the greatest potential to mitigate climate change. The round also includes Building Ventures, […]