Sila Nano’s battery tech is now worth over $1 billion with Daimler partnership and $170 million investment

Sila Nanotechnologies and its battery materials manufacturing technology are now worth more than $1 billion. The company, which announced a $170 million funding led by Daimler and a partnership with the famed German automaker, started building out its first production lines for its battery materials last year. That first line is capable of producing the […]

The IPO wave of 2019 won’t upend the Bay Area housing market

Issi Romem Contributor Issi Romem is chief economist for Trulia and a fellow at the Terner Center for Housing Innovation at the University of California at Berkeley. His work has been featured in the The New York Times, The Wall Street Journal, Bloomberg and more. The impending wave of San Francisco tech IPOs is substantial […]

The team behind Baidu’s first smart speaker is now using AI to make films

The HBO sci-fi blockbuster Westworld has been an inspiring look into what humanlike robots can do for us in the meatspace. While current technologies are not quite advanced enough to make Westworld a reality, startups are attempting to replicate the sort of human-robot interaction it presents in virtual space. Rct studio, which just graduated from […]

Researchers find 540 million Facebook user records on exposed servers

Security researchers have found hundreds of millions of Facebook user records sitting on an inadvertently public storage server. The two batches of user records were collected and exposed from two third-party companies, according to researchers at security firm UpGuard, who found the data. In the researchers’ write-up, Mexico-based digital media company Cultura Colectiva left more […]

Forge acquires IRA Services to expand offering for private company shares

Forge, the marketplace for trading private company shares formerly known as Equidate, announced that it will be acquiring custodial trust company IRA Services for a purchase price of $55 million. IRA Services is a trust company that provides custodial services for retirement accounts managed by individuals and mid-to-large sized Institutions. Stripped of financial jargon, the […]

Flying taxi startup Blade is helping Silicon Valley CEOs bypass traffic

One year after a $38 million Series B valued on-demand aviation startup Blade at $140 million, the company has begun taxiing the Bay Area’s elite. As part of a new pilot program, Blade has given 200 people in San Francisco and Silicon Valley exclusive access to its mobile app, allowing them to book helicopters, private […]

Outdoor Tech’s Chips ski helmet speakers are a hot mess of security flaws

Sometimes the “smartest” gadgets come with the shoddiest security. Alan Monie, a security researcher at U.K. cybersecurity firm Pen Test Partners, bought and tested a pair of Chips 2.0 wireless speakers, built by California-based Outdoor Tech, only to find they’re a security nightmare. The in-helmet speakers allow users to listen to music on the go, […]

AirAsia launches a $60M fund to help startups get into Southeast Asia

Budget airline AirAsia is getting into the VC game after it unveiled a venture capital fund that aims to invest in startups across the world. The airline today announced Redbeat Capital, a $60 million fund that it says will operate independently and seek deals with startups worldwide in areas such as travel, lifestyle, fintech and […]

Segmented security startup Illumio raises $65M in Series E round

Illumio has raised $65 million in its latest round of funding, the security startup has confirmed. The news comes just weeks after the company was expected to announce a $50 million Series E round, but was delayed after a late addition pushed the figure up. In just six years, the company has exploded in growth, […]

Cannabis startup Caliva raises $75M from former Yahoo CEO Carol Bartz and Joe Montana

San Jose cannabis company Caliva is proving that weed’s still hot, even as some markets cool off. The company is announcing a $75 million round of investment that includes participation from former Yahoo CEO Carol Bartz and football legend Joe Montana . If that pair seems unlikely, it just goes to show that cannabis attracts […]