News about Silicon Valley business almost everyday.
PALO ALTO — xLight, a company building the world’s most powerful lasers, has closed an oversubscribed $40 million Series B equity raise. The round was led by Playground Global, an early-stage venture capital firm investing in entrepreneurs who have developed breakthroughs in frontier technologies, and joined by Boardman Bay Capital Management, a leading investment manager […]
SAN JOSE — PayPal has unveiled a series of global partnerships that will connect many of the world’s largest payment systems and digital wallets on a single platform, starting with interoperability with PayPal and Venmo. Together, the launch partners represent nearly two billion users globally. The announcement outlines the vision for PayPal World and how […]
SACRAMENTO – California’s housing market continues to face headwinds as lingering tariff wars, ongoing economic uncertainty, and elevated mortgage interest rates undermined buyer confidence and dampened homebuyer demand in May, according to the California Association of Realtors. Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 254,190 […]
Apple plans to invest $500 million with MP Materials, the only fully integrated rare earth producer in the United States. With this multiyear deal, Apple is committed to buying American-made rare earth magnets developed at MP Materials’ flagship Independence facility in Fort Worth, TX. The two companies will also work together to establish a cutting-edge […]
SAN FRANCISCO — Cascade Space, a platform for end-to-end communication system design, test, and operation, has raised $5.9 million in seed funding. The round included participation from Nova Threshold, Undeterred Capital, Y Combinator, Night Capital, Olive Capital, Valkyrie Ventures, Karman Ventures, Palm Drive Capital, Garage Capital, TRAC, Aurelia Foundry, Hawktail, MGV.VC, Pioneer Fund, Liquid 2 […]
According to the UBS World Wealth Report, the United States hosts the largest number of millionaires (in U.S. dollars) in the world by far – more than Western Europe and Greater China combined. There were 23,831,000 millionaires in the U.S. in 2024 or 39.7% of the world’s wealth. The U.S. is adding 1,000 new millionaires […]
CUPERTINO — Apple is introducing a new subscription service called AppleCare One, a new way for customers to cover multiple Apple products with one simple plan. For just $19.99 per month, customers can protect up to three products in one plan, with the option to add more at any time for $5.99 per month for […]
Zip, which operates an agentic procurement orchestration platform, celebrated its fifth anniversary by unveiling expanded offices in San Francisco and New York to accommodate rapid workforce growth driven by unprecedented enterprise adoption. The company has grown from 250 to over 500 employees in the past year alone while securing Global 2000 customers across every major […]
SAN FRANCISCO — Vanta, an AI-powered trust management platform, today has raised a $150 million Series D funding round at a $4.15 billion valuation. The round was led by new investor Wellington Management, and included existing investors, Growth Equity at Goldman Sachs Alternatives, Sequoia, J.P. Morgan, Craft Ventures, Y Combinator, Atlassian Ventures and CrowdStrike Ventures. […]
SAN FRANCISCO — Armada has announced a $131 million strategic funding round with new strategic investors including Pinegrove, Veriten, and Glade Brook as well as participation from existing investors including Founders Fund, Lux Capital, Shield Capital, 8090 Industries, M12 (Microsoft’s Venture Fund), Overmatch, Silent Ventures, Felicis, and Marlinspike. This latest investment round coincides with the launch of Leviathan, a […]
On June 10, the San Francisco Police Department’s Defend Against Retail Theft (DART) Organized Retail Crime (ORC) Task Force received a request for help from a retail establishment for habitual retail thefts. SFPD worked closely with the retail establishment and conducted the investigation by interviewing retail employees, reviewing surveillance videos and footage, and developing strategic […]
SAN FRANCISCO — Bedrock Robotics, a company developing advanced autonomous systems for the $13 trillion global construction industry, has emerged from stealth with $80 million in Seed and Series A backing. Rather than design and sell costly new machinery, Bedrock upgrades customers’ existing heavy equipment fleets with reversible, same-day hardware and software installs to enable fully autonomous operations. With […]