News about Silicon Valley business almost everyday.
PALO ALTO — Turing, a fast-growing AGI infrastructure company, has secured $111 million in committed capital for its Series E financing at a valuation of $2.2 billion. Khazanah Nasional Berhad, Malaysia’s sovereign wealth fund, led the round with participation from WestBridge Capital, Sozo Ventures, UpHonest Capital, AltaIR Capital, Amino Capital, Plug and Play, MVP Ventures, […]
LOS ANGELES — Epirus announced an oversubscribed $250 million Series D fundraising round, bringing the company’s total venture funding to more than $550 million and positioning the company to scale production of its Leonidas™ product line to meet growing global demand. Leonidas is a scalable solid-state, high-energy, high-power microwave (HPM) technology for counter-electronics applications that has been proven effective […]
BATAVIA, IL — ALDI announced its plan to open more than 225 new store locations in 2025 as part of the next phase of its five-year national growth strategy. This is the most stores ALDI will open in one year in its nearly 50-year U.S. history as more shoppers than ever look to save up to 36% […]
Anthropic has raised $3.5 billion at a $61.5 billion post-money valuation. The round was led by Lightspeed Venture Partners, with participation from Bessemer Venture Partners, Cisco Investments, D1 Capital Partners, Fidelity Management & Research Company, General Catalyst, Jane Street, Menlo Ventures and Salesforce Ventures, among other new and existing investors. With this investment, Anthropic will […]
On January 15, 2025, a San Francisco Police Department investigator assigned to the Burglary Unit was notified of a series of thefts that occurred at a retail establishment located on the 500 block of 9th Street. The store management assisted SFPD in compiling information for seven separate shoplifting incidents that occurred between November 14, 2024, […]
On January 9, 2025, at approximately 2:15 AM, San José Police Department Patrol Officers responded to a report of a strong armed robbery that occurred at a business located in the 1600 block of Foxworthy Avenue. Four male suspects entered the business, with two demanding money from the victim employee. The suspects stole items and […]
Doordash, the nation’s leading delivery service, is getting a big boost for its stock after being added to the S&P 500 index. S&P Dow Jones Indices oversees the companies in the indexes and is adding Doordash, TKO Group and Williams-Sonoma to the S&P 500. The announcement was made Friday afternoon after the markets closed and […]
MENLO PARK — Snowflake, the AI Data Cloud company, is deepening its investments in AI innovation by opening the Silicon Valley AI Hub, a home for developers, startups and business leaders to learn, deepen relationships, and shape the future of AI. “Snowflake is the most consequential data and AI company in the world today,” said […]
PALO ALTO — Auxia, which operates a Customer Journey Orchestration Platform, has announced $23.5 million in Series A and seed funding to help companies transform how they engage with customers and drive additional revenue. The latest round was led by VMG Technology Partners, with participation from MUFG Innovation Partners (MUIP), Incubate Fund, Vela Partners, Stage […]
CUPERTINO — Apple has rolled out new versions of the MacBook Air laptop and iPad Air tablet. The MacBook Air features the M4 chip, up to 18 hours of battery life, a new 12MP Center Stage camera, and a lower starting price of $999. It also offers support for up to two external displays in addition […]
A new Chick-fil-A restaurant serving chicken sandwiches and waffle fries has opened in San Jose. Chick-fil-A, Inc. selected Ashleigh Andrade as the independent franchised local Owner-Operator of Chick-fil-A Capitol & Silver Creek. Located at 3123 Silver Creek Road, Chick-fil-A Capitol & Silver Creek will be open for dine-in, drive-thru, carry-out and delivery from 6:30 a.m. […]
CUPERTINO — Apple has introduced the new Mac Studio, which the company says is the most powerful Mac ever made, featuring M4 Max and the new M3 Ultra chip. The ultimate pro desktop delivers groundbreaking pro performance, extensive connectivity now with Thunderbolt 5, and new capabilities in its compact and quiet design that can live […]