News about Silicon Valley business almost everyday.
SAN FRANCISCO — Chai Discovery, an AI company that predicts and reprograms the interactions between biochemical molecules to accelerate life-changing therapeutics, has secured a $70 million Series A financing round. The round was led by Menlo Ventures, including investment from their Anthology Fund, a joint partnership with Anthropic to identify and back promising AI companies, […]
MARIN — OLarry, an AI-powered tax firm for the next generation of high-net-worth individuals and businesses, has raised a $10 million Series A round led by TTV Capital and joined by Walkabout Ventures and Marin Sonoma Impact Ventures, bringing the company’s total funding to $14.5 million. OLarry bridges the gap between DIY tax preparation and ultra-high-net-worth, hourly tax advisory, […]
SUNNYVALE — Lyric, an AI-powered platform transforming supply chain decision making, has raised $43.5 million in Series B funding. The round was led by Insight Partners, with participation from Primary Venture Partners, Permanent Capital Ventures, VMG Partners, PSP Growth and NewBuild Venture Capital. Lyric says its revenue has grown 500% since emerging from stealth 18 […]
NVIDIA will host a conference call on Wednesday, August 27, at 2 p.m. PT (5 p.m. ET) to discuss its financial results for the second quarter of fiscal year 2026, which ended July 27, 2025. The call will be webcast live (in listen-only mode) on investor.nvidia.com. The company’s prepared remarks will be followed by a Q&A session, […]
OpenAI has launched GPT‑5. The company says GPT‑5 is a significant leap in intelligence over all its previous models, featuring state-of-the-art performance across coding, math, writing, health, visual perception, and more. It is a unified system that knows when to respond quickly and when to think longer to provide expert-level responses. GPT‑5 is available to […]
SAN FRANCISCO — Promptfoo, an open‑source framework for AI red‑teaming and security testing, has landed an $18.4 million Series A financing led by Insight Partners, with participation from existing investor Andreessen Horowitz. Founded in 2024, Promptfoo is steadily gaining recognition as an emerging standard for robust AI security testing, with over 100,000 developers using its open source tools and […]
WALLDORF and SAN FRANCISCO — German software giant SAP has agreed to acquire SmartRecruiters, a talent acquisition (TA) software company based in San Francisco. Terms of the deal weren’t revealed. SmartRecruiters’ deep expertise in high-volume recruiting, recruitment automation and AI-enabled candidate experience and engagement are considered an ideal addition to the SAP SuccessFactors human capital […]
PALO ALTO — Broadcom Inc. is now shipping the Jericho4 ethernet fabric router — a purpose-built platform for the next generation of distributed AI infrastructure. Designed to interconnect over one million XPUs across multiple data centers, Jericho4 breaks through traditional scaling limits with unmatched bandwidth, security, and lossless performance. With the Tomahawk 6, Tomahawk Ultra […]
SAN FRANCISCO — The market research boom is creating an unexpected casualty: the agencies themselves. In an industry where clients expect faster turnarounds, competitive pricing, and diverse capabilities, agencies are turning down work – not for lack of interest, but because outdated operational systems keep them from meeting client expectations. Metaforms, a startup born from […]
MENLO PARK — Prophet Security, a developer of agentic AI for Security Operations Centers (SOCs), has raised $30 million in a Series A funding round led by Accel, with participation from Bain Capital Ventures. The funding will accelerate Prophet Security’s platform expansion and go-to-market strategy, as the company brings the future of security operations into […]
SAN FRANCISCO — Wallarm, a provider of API and AI security, has closed $55 million in Series C investment led by Toba Capital. The funding will allow Wallarm to continue scaling its top line and innovating ahead of the curve in the API Security market by extending the company’s offering to further protect APIs in the AI […]
SAN FRANCISCO — Promptfoo, an open‑source framework for AI red‑teaming and security testing, has landed an $18.4 million Series A financing led by Insight Partners, with participation from existing investor Andreessen Horowitz. Founded in 2024, Promptfoo is steadily gaining recognition as an emerging standard for robust AI security testing, with over 100,000 developers using its open source tools and adoption […]