News about Silicon Valley business almost everyday.
MENLO PARK — Andreessen Horowitz (a16z) Bio + Health is forming a first-of-its-kind venture capital fund to fuel broader innovation in human health, in partnership with Eli Lilly and Company (“Lilly”). The Biotech Ecosystem Venture Fund (“Fund”) seeks to drive transformative progress in healthcare by investing in therapeutic platforms and cutting-edge technology companies that can […]
SAN FRANCISCO — Planet Labs PBC, a provider of daily Earth data and insights, announced that its high-resolution Pelican-2 satellite [rendering above] and 36 SuperDoves of Flock 4G were successfully launched to orbit on SpaceX’s Transporter-12 Rideshare mission from Vandenberg Space Force Base in California. The Planet team has successfully made contact with Pelican-2 and […]
SAN FRANCISCO and BOLINGBROOK, IL— Instacart, the leading grocery delivery company in North America, and Ulta Beauty, the nation’s largest beauty retailer, have announced a nationwide partnership to offer same-day delivery. With this collaboration, Ulta Beauty’s unparalleled assortment – spanning every category and price point – now available for delivery in as fast as an hour via […]
Nasdaq has closed the book on a remarkable 2024, maintaining its position as the leading U.S. exchange for initial public offerings (IPOs) for the sixth consecutive year while achieving its highest listings volume since 2021. Across a number of metrics, Nasdaq showed considerable growth and stability this year. As of December 17, companies listing on the […]
PALO ALTO — D-Wave Quantum Inc., which produces quantum computing systems, software, and services, announced that CEO Dr. Alan Baratz was interviewed on CNBC’s The Exchange last week, where he addressed recent comments from NVIDIA CEO Jensen Huang related to quantum computing’s readiness and commercial availability. Dr. Baratz clarified that there are different types of quantum […]
SAN FRANCISCO — ŌURA, the company behind the smart ring Oura Ring, has completed a $200 million Series D funding round. Fidelity Management & Research Company and Dexcom, the global leader in glucose biosensing, participated in the round. The investment raises the company’s valuation to $5.2 billion. This financing reflects ŌURA’s momentum in building and […]
LOS ANGELES – Governor Gavin Newsom announced he has increased California National Guard personnel activated to support Los Angeles responders to 1,680 service members — doubling the CalGuard boots on the ground. Joining the thousands of personnel deployed to combat the hurricane-force firestorm in Los Angeles, CalGuard service members are fighting fires and ensuring the […]
SAN FRANCISCO — Innovaccer Inc., a healthcare AI company, has secured a $275 million Series F funding round. The round was a combination of primary and secondary, and includes participation from B Capital Group, Banner Health, Danaher Ventures LLC, Generation Investment Management, Kaiser Permanente, and M12. This investment will fuel Innovaccer’s efforts to expand its […]
LAS VEGAS and NEWARK, CA — Panasonic Energy Co., Ltd., a global leader in the battery industry, and Lucid Group, announced the highly anticipated Lucid Gravity Grand Touring will be powered by Panasonic Energy’s lithium-ion EV battery cells. With an EPA-estimated range of up to 450 miles from a battery pack that is up to 40 percent smaller […]
LAS VEGAS — Aurora, Continental, and NVIDIA announced at CES a long-term strategic partnership to deploy driverless trucks at scale, powered by the next-generation NVIDIA DRIVE Thor system-on-a-chip (SoC). NVIDIA’s DRIVE Thor and DriveOS will be integrated into the Aurora Driver, an SAE L4 autonomous driving system that Continental plans to mass-manufacture in 2027. “Delivering […]
SAN FRANCISCO — Venture Capital (VC) investment in healthcare grew to $23 billion in 2024, from $20 billion in 2023, as artificial intelligence (AI) clearly established product fit in the healthcare sector, according to the latest market insights report from Silicon Valley Bank (SVB), a division of First Citizens Bank. AI continues to take center stage, especially across biopharma, with 30% of […]
Using advances in forensic DNA testing, the Santa Clara County District Attorney’s Office has charged a notorious kidnapping convict with a series of home invasion sexual assaults in Mountain View and Palo Alto 15 years ago. The suspect, Matthew Muller, 47, is the subject of American Nightmare, a Netflix documentary series that chronicles his 2015 “Gone […]