Silicon Valley Journals 
Vouched, an AI-powered identity verification platform, announced today a $6.3 million funding round led by BHG VC and SpringRock Ventures, as well as previous investors Darrell Cavens and Mark Vadon. Vouched’s plans for expansion build on the company’s rapid growth in the last year. More than 300 banks, fintechs, and healthcare providers, including Alloy and … Read more
The United States Department of Labor has awarded Peckham Inc. a $2 million grant to expand youth programs. According to a news release issued on Wednesday, Feb. 22, the grant will be awarded over the next 42 months to launch the Growth Opportunities (GO) Program, which will prepare corrections-involved youth and young adults for employment … Read more
Wiz, a leader in cloud security, has raised $300 million at a $10 billion valuation led by Lightspeed Venture Partners and existing investors Greenoaks Capital Partners and Index Ventures three years after its founding. Wiz is now the world’s largest cybersecurity unicorn and the fastest SaaS company to reach a $10 billion valuation. Customer validation … Read more
Skydio, the leading U.S. drone manufacturer and world leader in autonomous flight, announced today that it has raised $230 million in funding after a year in which its enterprise customer base surpassed 1,200 organizations, just three years after entering the enterprise and public sector markets. Skydio drones are now used by every branch of the … Read more
Intel Corp. has announced plans to lay off a further 112 employees in Silicon Valley, with 61 job cuts in San Jose and 51 at its Santa Clara headquarters. The layoffs are part of a larger restructuring effort aimed at reducing the company’s costs by $3 billion this year. The affected workers will begin to … Read more
WorkLLama, a technology company that provides an AI-driven talent marketing, relationship management, and direct sourcing suite, announced today that it has received $50 million in funding, demonstrating the market’s demand for modern technology to access highly skilled, on-demand talent at scale. WorkLLama will use the new funds to expand its team to keep up with … Read more
Bentley Systems, the infrastructure engineering software company, announced today the acquisition of EasyPower, a leading developer of design and analysis software tools for electrical engineering professionals, including arc flash solutions. Since its inception in 1984, Portland, Oregon-based EasyPower has pioneered the use of graphics-based modeling and analysis to make solving complex electrical engineering problems easier … Read more
Spreetail, one of the largest global ecommerce accelerators for manufacturers and the first to reach $1 billion in revenue by 2021, announced the completion of a $208 million funding round. McCarthy Capital, internal management, and other investors led the round, with Moelis & Company LLC acting as the exclusive placement agent. This investment will allow … Read more
Wells Fargo continued its retreat from residential lending this week, laying off hundreds of mortgage bankers. According to Bloomberg, the latest layoffs affected more than 500 employees, according to a source familiar with the situation. Last month, Wells Fargo announced a “new strategic direction” for its home lending business, which includes downsizing its servicing portfolio … Read more
The acquisition of 42 North Solutions (42 North) by Sequoia Consulting Group (Sequoia), a renowned provider of technical and full life-cycle services to biotechnology and pharmaceutical clients, has been announced. 42 North, which was founded by Robert DeCoste and Daniel Ramsey and is headquartered in Scituate, MA, provides services such as capital project execution and … Read more