Top News

  • Friday, June 24, 2016

    Tradeshift Acquires Hyper For Travel App Talent

    San Francisco-based Tradeshift has acquired travel app developer Hyper, the two companies said today, with Hyper becoming part of Tradeshift Go. Financial terms of the acquisition were not disclosed. Hyper was founded by Minqi Jiang and Peter Zakin, and is also based in San Francisco.Continue →

     
  • Friday, June 24, 2016

    Annexon Biosciences Gets $44M

    South San Francisco-based Annexon Biosciences, a biopharmaceuticals firm focused on treatments for neurodegenerative disorders, says it has raised $44M in a Series B funding. The funding was led by New Enterprise Associates, and also included Correlation Ventures, Novartis Venture Fund, Clarus and Satter Investment Management. NEA's Frank Torti has joined the company's board with the funding. Annexon Biosciences is led by Doug Love.Continue →

     
  • Friday, June 24, 2016

    EpiBiome Finds $1M In Debt Funding

    San Francisco-based EpiBiome, which is developing drugs to avoid issues with antibiotic resistant pathogens in the agricultural industry, has raised $1M in a debt financing round, the company said Thursday. The funding came from Silicon Valley Bank. The company said the funding will go towards advancing its drug development, as well as purchasing additional lab equipment for its facilities....Continue →

     
  • Thursday, June 23, 2016

    Twilio Surges In IPO, Trades Above $25.00 In First Hours On Market

    San Francisco-based Twilio has seen a huge bump in its IPO, and was trading at more than $25.69 in its initial morning trading on the NYSE as TWLO. The company priced its IPO last night at $15.00 per share, but started out the morning well above that, up more than 70% in only its first hour and half of trading.Continue →

     
  • Thursday, June 23, 2016

    AppZen Gets $2.9M For Automated, Expense Report Compliance Software

    Sunnyvale-based AppZen, which is applying artificial intelligence software to recognizing and approving expense reports, has raised $2.9M in a funding round, the company said Wednesday. The funding came from Resolution Ventures, along with Bloomberg Beta, Silicon Valley Bank, MasterCard, plus FundersClub. AppZen is led by Anant Kale. AppZen's AI software looks through expense reports to flag anomalies and help travel and expense teams with compliance efforts....Continue →

     
  • Thursday, June 23, 2016

    Twilio Prices IPO, Starts Trading Today

    San Francisco-based Twilio priced its IPO last night, and will begin trading this morning on the New York Stock Exchange as TWLO, the company said late Wednesday. Twilio priced at $15.00 a share, above its initial estimated range of $12.00 to $14.00 per share, and will offer up 10,000,000 shares of its common stock in the IPO. The IPO is being underwritten by Goldman, Sachs & Co., J.P. Morgan, Allen & Company LLC, Pacific Crest Securities, JMP Securities, William Blair, and Canaccord Genuity....Continue →

     
  • Wednesday, June 22, 2016

    Piper Picks Up $2.1M For DIY, RPi Computer Kit

    San Francisco-based Piper, a startup which develops a do-it-yourself (DIY) kit which leverages the Raspberry Pi and Minecraft to interest kids in building their own computer, has raised $2.1M in a seed funding round. The funding came from Princeton University, Reach Capital, 500 Startups, FoundersXFund, Jaan Tallinn (co-founder of Skype), and Jay Silver (founder of Makey Makey)....Continue →

     
  • Wednesday, June 22, 2016

    Kespry Finds $16M For Commercial Drone Systems

    Menlo Park-based Kespry, which is developing and automated, commercial drone system used for gathering information for the aggregate, construction and surveying industries, says it has raised $16M in a Series B funding. The funding was led by DCM Ventures, and also included Lightspeed Venture Partners, Spectrum.28, H. Barton Asset Management, Rothenberg Ventures, and Wilson Sonini. The company said the funding goes to ramp up its engineering and service teams....Continue →

     
  • Wednesday, June 22, 2016

    Airobotics Gets $28.5M From UpWest, Others

    Airobotics, an Israeli developer of automated, drone surveillance systems, has scored $28.5M in funding from Silicon Valley investors, including UpWest Labs, BlueRun Ventures, CRV, as well as Waze CEo Noam Bardin and Google ATAP COO Richard Woolridge. Airobotics' systems are used by companies to monitor, inspect, survey and secure large industrial facilities and other strategic sites.Continue →

     
  • Tuesday, June 21, 2016

    BaySand Buys FalconX Accelerator For DSP IP

    San Jose-based BaySand, a developer of configurable, application ASICs, has acquired FalconX Accelreator, a provider of low power, digital signal processing (DSP) IP cores. Financial details of the acquisition were not disclosed. BaySand said the acquisition will help it address new markets and add capabilities for its customers. BaySand is led by Salah Werfelli; FalconX Accelerator was led by Udi Yuhjtman.Continue →

     
  • Tuesday, June 21, 2016

    Tesla Motors Makes Bid For SolarCity

    Tesla Motors, the electric car company headed by Elon Musk, said on Tuesday that it has offered to acquire SolarCity, the solar financing and installation company which was also started by Musk. Tesla said it is proposing to pay between $26.50 to $28.50 per share in a stock-for-stock swap for SolarCity, making the deal worth as much as $3.0 billion. Musk is CEO of Tesla Motors, and is Chairman of SolarCity....Continue →

     
  • Tuesday, June 21, 2016

    Dataloop.IO Finds $5M

    San Francisco-based Dataloop.IO, a developer of cloud, micro-apps and IT monitoring software, has raised $5M in a Series A funding. The funding came from Battery Ventures and Open Ocean. The company, which was founded in the UK, said it will use the funding to open up a new headquarters in San Francisco. The company is led by co-founder and CEO David Gildeh.Continue →

     
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