News about Silicon Valley business almost everyday.
SAN FRANCISCO — Bee Partners, a pre-seed venture capital firm with offices in Silicon Valley and Denver, announced the promotion of Alejandra “Ale” Vergara to Principal. This move underscores Bee Partners’ continued evolution and Ale’s recent contributions, particularly in driving the next wave of Human-Machine Interaction through the lens of Generative AI. Ale first worked with Bee […]
MENLO PARK — AttoTude, a developer of interconnect technology for AI and hyperscale data center applications, has announced the completion of its Series A funding round of $29 million. This latest round comes on the heels of AttoTude’s initial Seed Round which raised $11 million in March, 2024. The rounds were funded by a combination […]
SAN FRANCISCO — P0 Security, provider of the first unified IGA and PAM platform for the cloud designed to secure all enterprise cloud identities, has closed $15 million Series A round, bringing its total raised since inception to $20 million. The investment was led by SYN Ventures with participation from Zscaler, the leader in cloud […]
SUNNYVALE — Inflammatix, a pioneering molecular diagnostics company, has closed $57 million in Series E financing, led by Khosla Ventures and Think.Health. The new money will support regulatory filing and early commercialization of the company’s lead product, the TriVerity Acute Infection and Sepsis Test (TriVerity). TriVerity is a blood test that is intended to fill […]
On September 12, 2024, at 3:46 p.m., San Francisco Police officers and investigators participating in a city-wide operation with investigators from the Daly City Police Department, worked together to locate, conduct surveillance, and apprehend a known organized retail burglary crew and their vehicle. The suspects have committed numerous burglaries in the city and county of […]
SAN JOSE — Lyten, the supermaterial applications company and developer of Lithium-Sulfur battery technology, announced that its rechargeable lithium-sulfur battery cells have been selected to be demonstrated aboard the International Space Station (ISS). The Department of Defense’s innovation hub, the Defense Innovation Unit (DIU), is funding the work scope as part of its ongoing lithium-sulfur […]
SAN FRANCISCO — TeamBridge, which operates a Workforce OS (workforce operating system) for hourly workforces, has raised $28 million in a Series B round led by Mayfield, with participation from existing investors General Catalyst and Abstract Ventures. The new funds will be used to accelerate the product and AI roadmap, enhance client services, and continue […]
PALO ALTO — Glean has announced an over $260 million Series E round at a $4.6 billion valuation, as the company meets growing demand for its Work AI platform. The round was co-led by Altimeter and DST Global, with participation from new investors Craft Ventures, Sapphire Ventures, and SoftBank Vision Fund 2, and existing investors Coatue, General Catalyst, […]
SUNNYVALE — Acuvity, which operates a comprehensive AI security and governance platform for both employees and applications, has scored a $9 million seed funding round led by Foundation Capital, with participation from individual investors like Basil Alwan, Sri Reddy and Jonathan Siddharth. Acuvity will use the funding to accelerate the development of its products to […]
SANTA CLARA — FuriosaAI, an emerging leader in the AI semiconductor space, has unveiled RNGD (pronounced “Renegade”), a leading AI accelerator, at Hot Chips 2024. RNGD is positioned to be the most efficient data center accelerator for high-performance large language model (LLM) and multimodal model inference, disrupting an AI hardware landscape long defined by legacy chipmakers and […]
SAN FRANCISCO — Connectly, a developer of conversational commerce, has landed a $20 million Series B investment led by Alibaba, with participation from Unusual Ventures, Volpe Capital, RX Ventures, Falabella Ventures and Philippos Kourkoulos Latsis. Connectly, which was founded in 2020 by industry veterans from Facebook, Google, Uber, and McKinsey, uses proprietary artificial intelligence (AI) […]
SAN JOSE — Cybersecurity company Axiad has relocated its headquarters from Santa Clara to San Jose. The move to Metro Plaza located at 101 Metro Drive, Suite 560 – a brand new 5,000 square foot office space – was largely driven by a commitment to accessibility, collaboration and culture. The new office is near San Jose State University and Santa Clara […]