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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
Luke Stangel / Silicon Valley Business Journal:
Airfare prediction startup Flyr raises $8M Series A, led by Peter Thiel with participation from existing investors   —  Flyr, a startup whose software predicts the ups and downs of air fares, picked up an $8 million round of funding this week.  —  The San Francisco company's round was led by Peter Thiel …
Jan 20, 2017, 9:35 AMIn 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
Gina Hall / Silicon Valley Business Journal:
Facebook's Trending section shows fake Megyn Kelly story days after firm lays off curators; company removes story, says is working on better detecting fake news   —  That didn't take long.  —  Facebook cut its Trending Topics team on Friday in favor of employing algorithms to surface news stories on the social networking platform.
Aug 29, 2016, 7:25 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
Nathan Donato-Weinstein / Silicon Valley Business …:
Google, LinkedIn announce real-estate swap giving Google LinkedIn's Mountain View headquarters and LinkedIn several buildings to consolidate staff in Sunnyvale   —  Putting aside years of fierce competition for scarce real estate in Mountain View, Google Inc. and LinkedIn Corp. have struck a …
Jul 12, 2016, 4:25 PMIn context

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