Silicon Valley Journals 
Candidly, a student debt and savings optimization platform, has raised $20.5 million in a Series B round led by Altos Ventures and featuring participation from Cercano Management. The company has seen significant growth, with 10x revenue growth and a 3,600% increase of payments flowing through its platform over the past year. Candidly partners with employers, … Read more
XGS Energy, a pioneer in geothermal energy technology, announced today that it has raised $19 million in venture capital, including a $14 million Series A led by Anzu Partners. This funding will be used by XGS Energy to further develop its geothermal heat harvesting technology. The company was originally known as Geothermic Solution LLC, but … Read more
Congruence Therapeutics, a biotechnology company that uses computational and experimental drug discovery to develop small molecules for diseases of protein misfolding, announced on Thursday the close of an extension to its Series A financing, bringing the total amount raised to over $65 million. This funding round was led by new investor BDC Capital’s Thrive Venture … Read more
Pharmaceutical giants Pfizer and Merck are reportedly competing to acquire biotechnology company Seagen, according to sources familiar with the matter. Seagen specializes in developing cancer treatments using technology to target tumors. The company’s current market value is around $41 billion, and the acquisition would allow either Pfizer or Merck to expand their oncology portfolios. Pharmaceutical … Read more
OpenAI, an artificial intelligence research laboratory, has launched a new API for its popular language model ChatGPT, making it easier for developers to access and use the technology in their own applications. The new API will provide access to the latest version of ChatGPT, which has been trained on an even larger dataset than its … Read more
Airbnb, an online hospitality giant has laid off 30% of its recruiting staff, Bloomberg News reported. The cuts impacted 0.4% of Airbnb’s total workforce, which currently stands at 6,800 employees. This move comes as the company plans to increase its headcount this year. An Airbnb spokesperson stated, “We’ve become a leaner and more focused company … Read more
UnityPoint Health, a healthcare system based in Iowa, and Presbyterian Health Services, a healthcare system based in New Mexico, announced their plan to merge and create a new entity called UniteHealth. The merger would create the 14th largest nonprofit health system in the United States with 94 hospitals and over $17 billion in operating revenue. … Read more
Meta (formerly Facebook) has announced new features for Facebook Reels, including longer video length, improved editing tools, and new music options. The company has expanded the maximum video length to 90 seconds, up from the previous 60-second limit. The longer video length will allow users to create more engaging content and tell more complete stories. … Read more
Home Depot is planning to hire more than 1,500 workers in Alberta, Canada to support its busy spring season, the company announced on Thursday. The home improvement retailer is looking for employees to fill full-time, part-time and seasonal positions, including sales associates, cashiers, overnight freight associates and delivery drivers. Some positions may require experience, but … Read more
Wynne, who has led LGC for six years, announced that she would be stepping down at the end of April 2023. The statement said that her departure was due to personal reasons. Under Wynne’s leadership, LGC, which is a non-profit organization that focuses on cultivating civic leaders in the Chicago area, grew its membership and … Read more