News about Silicon Valley business almost everyday.
SAN JOSE —Amazon Web Services (AWS), an Amazon.com company, and NVIDIA announced that the new NVIDIA Blackwell GPU platform is coming to AWS. AWS will offer the NVIDIA GB200 Grace Blackwell Superchip and B100 Tensor Core GPUs, extending the companies’ longstanding strategic collaboration to deliver the most secure and advanced infrastructure, software, and services to […]
Jensen Huang, Founder and CEO of NVIDIA, unveiled the company’s new Blackwell platform at its GTC conference in San Jose. The new processor allows organizations to build and run real-time generative AI on trillion-parameter large language models at up to 25x less cost and energy consumption than its predecessor. The Blackwell GPU architecture features six transformative technologies […]
PALO ALTO — Foundry, a new breed of public cloud for AI/ML workloads, has raised $80 million in seed and Series A funding to orchestrate the world’s compute capacity, rendering it universally accessible and useful. The round was co-led by Sequoia Capital and Lightspeed Venture Partners, with participation from Redpoint, Microsoft Ventures (M12), Conviction, NEA, and […]
LOS ANGELES — California Attorney General Rob Bonta today, alongside the U.S. Department of Justice (U.S. DOJ), and a bipartisan coalition of 16 states attorneys general, filed a lawsuit challenging Apple’s anticompetitive behavior related to iPhone smartphones. The lawsuit alleges Apple deliberately made it more difficult for third-party apps and products to operate with the iPhone, resulting in higher prices for consumers and harm to competition in […]
MOUNTAIN VIEW — Applied Intuition, Inc., a vehicle software supplier for automotive, trucking, construction, mining, agriculture, and other industries, has raised a $250 million Series E financing round at a $6 billion valuation. The round was led by Bilal Zuberi at Lux Capital (Series C lead investor), Elad Gil (Series D lead investor), and strategic investor Porsche Investments Management representing the successful sports car […]
SANTA CLARA — In the United States, 40.4% of homes, valued at $19.7 trillion, are at severe or extreme risk when it comes to heat, wind and air quality. To help consumers make more informed home buying and selling decisions, Realtor.com announces the launch of three new climate risk factor scores on its website including Heat Factor, Wind Factor, and […]
SAN JOSE — Lyten, a supermaterials application company and leader in lithium-sulfur battery technology, announced it is consistently surpassing 90 percent yield from its automated battery production line, confirming the manufacturability of its lithium-sulfur battery utilizing a sulfur cathode and lithium metal anode. The lithium-sulfur manufacturing performance has been achieved utilizing standard lithium-ion manufacturing equipment […]
REDWOOD CITY — Bear Robotics, a Silicon Valley manufacturer of service robotics and artificial intelligence solutions, has completed a $60 million Series C funding round exclusively led by South Korea’s LG Electronics. This strategic infusion propels Bear Robotics into new territories, targeting emerging markets such as smart warehousing and supply chain automation, where the company […]
SOUTH SAN FRANCISCO — Alumis Inc., a clinical-stage biopharmaceutical company developing oral therapies using a precision approach to transform the lives of patients with immune-mediated diseases, has announced an upsized $259 million Series C financing. Alumis plans to use the proceeds of the financing to initiate pivotal Phase 3 clinical trials for its lead candidate […]
SAN MATEO — Openprise, a specialist in revenue operations (RevOps) data automation, has closed a $25 million Series B equity raise led by investment funds managed by Morgan Stanley Expansion Capital. Openprise is poised to continue helping high-performance RevOps teams in transforming their data into action, achieving operational agility at scale, and simplifying technology to drive […]
PLEASANTON — Neural Propulsion Systems (NPS), a pioneer in software-defined radar, has secured a $17.5 million Series B funding round. The round is led by Cota Capital with contributions from GM Ventures, the venture capital arm of General Motors Co., and RTX Ventures, the venture capital arm of RTX. This collaboration marks a transformative step in enhancing roadway safety (benefiting pedestrians, […]
SUNNYVALE — Reach Security, a company using advanced AI to reinvent security operations, has announced $20 million in funding. The Series A is led by Ballistic Ventures, with participation from Artisanal Ventures and industry luminaries, including Mark McLaughlin, former CEO and President of Palo Alto Networks, and Denise Persson, CMO of Snowflake. Existing backers Webb Investment Network, Ridge Ventures, and […]