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Cromwell Schubarth / Silicon Valley Business Journal:
Cisco says it will acquire Viptela, a software-defined networking startup founded by former executives, for $610M in cash and stock   —  Cisco Systems on Monday said it has agreed to acquire Viptela, a software-defined networking startup founded and run by several of its former executives.
May 1, 2017, 6:20 PMIn context
Cromwell Schubarth / Silicon Valley Business Journal:
Ford, GM ranked ahead of Tesla, Waymo, Uber on self-driving tech   —  Tesla on Monday overtook Ford in market value, but a new independent research report ranks Detroit's big automakers ahead of Silicon Valley upstarts in self-driving technologies.  —  Navigant ranked Ford, GM …
Apr 4, 2017, 10:55 AMIn context
Cromwell Schubarth / Silicon Valley Business Journal:
Quantum computing startup Rigetti announces it raised $24M Series A led by Andreessen Horowitz in March 2016 and $40M Series B led by Vy Capital in Nov. 2016   —  A “spaceshot” company that emerged from Y Combinator three summers ago and is targeting a revolutionary change in the way computers work …
Mar 29, 2017, 7:40 AMIn context
Cromwell Schubarth / Silicon Valley Business Journal:
Online lending startup Upstart, founded by ex-Googlers, raises $32.5M Series D and hires ex-Google VP Sanjay Datta as CFO   —  Upstart, the startup applying machine learning to lending founded by ex-Googlers, has new funding, a new platform and hired a chief financial officer.
Mar 2, 2017, 7:10 PMIn context
Cromwell Schubarth / Silicon Valley Business Journal:
Palo Alto Networks misses expectations with Q2 revenue of $423M and a loss of $60.6M, up from $57.3M last year; stock down about 18% after hours   —  A disappointing second quarter report sent shares of Palo Alto Networks down by as much as 18 percent Tuesday in after-hours trading.
Feb 28, 2017, 7:25 PMIn context
Cromwell Schubarth / Silicon Valley Business Journal:
Marvell Technology to cut about 900 jobs, nearly 17% of its workforce, and sell off non-core assets in an effort to reduce costs by about $190M a year   —  Marvell Technology Group said Wednesday that is will cut about 900 jobs and sell off non-core assets in an effort to bring its costs down by about $190 million a year.
Nov 2, 2016, 11:15 PMIn context
Cromwell Schubarth / Silicon Valley Business Journal:
Premium Wi-Fi chip designer Quantenna Communications raises $107M in an IPO, closes down 3% on a first day of trading valuing company at about $508M   —  Quantenna Communications on Friday kept the recent revival in Silicon Valley IPOs going with an offering that raised $107 million after hitting the top of its target range.
Oct 28, 2016, 6:35 PMIn context
Cromwell Schubarth / Silicon Valley Business Journal:
Cloud startup Coupa files publicly for a $75M IPO, shows 2015 revenues of $83.8M, up 65% YoY, losses of $46.2M, up 69% YoY   —  Coupa Software may be the third tech IPO of the year after filing plans on Thursday to raise $75 million in an IPO.  —  The San Mateo business expense management software company …
Sep 9, 2016, 1:10 PMIn context
Cromwell Schubarth / Silicon Valley Business Journal:
Uber acquires self-driving truck startup Otto; report says if targets are met, the deal would be worth around $680M   —  Uber is reportedly paying more than $680 million to buy a self-driving truck startup launched earlier this year by a team of ex-Googlers in San Francisco.
Aug 18, 2016, 11:15 AMIn context
Cromwell Schubarth / Silicon Valley Business Journal:
Cruise founder Kyle Vogt files complaint in Superior Court against early collaborator making ownership claim ahead of $1B GM sale   —  Legal battle erupts over $1B Cruise Automation sale to General Motors  —  There is apparently a dark cloud hovering around the jackpot $1 billion sale of Cruise Automation to General Motors last month.
Apr 13, 2016, 7:50 PMIn context

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