News about Silicon Valley business almost everyday.
Meta founder and CEO Mark Zuckerberg released the following letter last week about his vision for Superintelligence and AI at Meta: Over the last few months we have begun to see glimpses of our AI systems improving themselves. The improvement is slow for now, but undeniable. Developing superintelligence is now in sight. It seems […]
SAN JOSE & LUXEMBOURG — Lyten, a supermaterial applications company and leader in lithium-sulfur batteries, has secured more than $200 million in additional equity investment. This brings total investment to date in Lyten to more than $625 million. The additional investment is provided primarily from current investors. Lyten intends to accelerate its acquisition strategy and […]
SANTA CRUZ – Joby Aviation and L3Harris Technologies announced they are exploring opportunities to develop a new aircraft class for defense applications. The gas turbine hybrid vertical take-off and landing (VTOL) aircraft is designed for low-altitude missions and offers the versatility of being optionally piloted, enabling both crewed and fully autonomous operations. The collaboration with […]
SAN FRANCISCO — Cash App — a subsidiary of Block Inc. — has announced the launch of pools, a new peer-to-peer payment feature that enables group payments with just a few taps. From friends planning their next big vacation to coworkers chipping in for a colleague’s wedding gift, Cash App pools make it easy to […]
SAN FRANCISCO – Motive, an AI-powered Integrated Operations Platform, has raised $150 million in a new funding round led by Kleiner Perkins, with participation from both existing investors and new investor AllianceBernstein. This additional capital will enable Motive to accelerate growth by further expanding its AI capabilities, scaling internationally, and sustaining momentum with enterprise customers. As […]
MENLO PARK — Prophet Security, a pioneer in 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 […]
PALO ALTO — SAFE, a provider of Cyber Risk Quantification (CRQ) and the first company to deliver fully autonomous Third-Party Risk Management (TPRM), has raised a $70 million Series C funding round. The round was led by Avataar Ventures, with participation from Susquehanna Asia Venture Capital, NextEquity Partners, Prosperity7 Ventures, and existing investors including Eight Roads, John Chambers and Sorenson […]
EMERYVILLE — Oxide Computer Company, an on-prem cloud computing company, has raised a $100 million Series B financing round led by Thomas Tull’s US Innovative Technology Fund (USIT), with participation from all existing investors. The funding more than doubles Oxide’s capital raised to date and will enable the company to scale manufacturing, expand customer support, and accelerate roadmap […]
SAN MATEO — Observe Inc., an AI-powered observability company, has closed $156 million in a Series C funding round led by Sutter Hill Ventures with participation from Madrona Ventures, Alumni Ventures, Snowflake Ventures and Capital One Ventures. Over the past year, Observe says it has tripled its revenue and doubled its enterprise customer base, achieving an […]
DoorDash continues to expand grocery delivery offerings across the country with the addition of six local grocers. These new partners join DoorDash at a time when more consumers are ordering groceries through the platform than ever before. Now available on DoorDash: Bi-Rite Market: A San Francisco institution with three locations throughout the city, Bi-Rite is […]
SAN FRANCISCO — J/PR, an agency specializing in public relations, content creation, social media, and brand partnerships has announced the launch of the firm’s new San Francisco office. The new Bay Area office will be dual-branded under J/PR and its agency affiliate 20Two Studio. [Photo above: Natalie Amos, Annika Berg, Allie Swearingen.] The expansion represents a significant milestone […]
The Santa Clara County Sheriff’s Office has arrested three suspects tied to a series of organized burglaries and an identity theft ring spanning the Bay Area. The case began with a residential burglary in Cupertino and led to the recovery of two luxury vehicles, hundreds of stolen personal documents, and the return of sentimental jewelry to the […]