Silicon Valley Journals 
Blue Stripes, a brand dedicated to creating an ecologically and economically sustainable cocoa supply chain, has raised $20 million in its Series B funding round. Leading investors include Zintinus, The Hershey Company, and Whole Foods Market. The funding will help Blue Stripes advance its innovative whole cacao approach, which reduces cacao fruit waste by using … Read more
Gladia, an AI-driven transcription and audio intelligence company, has secured $16 million in Series A funding. The round, led by XAnge with participation from Illuminate Financial, XTX Ventures, and others, will accelerate the development of Gladia’s end-to-end audio infrastructure. This includes the launch of a real-time audio transcription and analytics engine aimed at supporting multilingual … Read more
Nikola Motor, the manufacturer known for its fuel cell trucks, has announced another round of layoffs, cutting 15% of its workforce. This comes on the heels of significant layoffs earlier in 2023, when 270 employees were let go in June, following a reduction of 100 employees in November 2022. The company has been facing mounting … Read more
Descartes, a global leader in logistics and supply chain management solutions, has acquired inventory and order management platform Sellercloud for $110 million in an upfront deal, with an additional $20 million based on revenue targets. The acquisition marks another step in Descartes’ expansion into e-commerce and omnichannel services. Sellercloud, based in New Jersey, serves over … Read more
ServiceNow, the AI-driven business transformation platform, has announced a $1.5 billion (£1.15 billion) investment into its UK operations over the next five years. This investment will support the expansion of the company’s workforce, infrastructure, and AI capabilities, as well as help grow the local talent pool through new skills programs. The announcement was made at … Read more
MeWe, the privacy-first social media platform, has announced the launch of a Series B funding round, led by McCourt Global, to fuel its Web3 expansion. With over 20 million users, MeWe aims to scale its platform by developing new technologies, including AI integration, launching Web3 product features, and introducing a native token to enhance user … Read more
CYRISMA, a comprehensive risk management platform designed for managed service providers (MSPs), has announced the close of its Series A financing round. Led by Blueprint Equity, with participation from SaaS Venture and Golden Ventures, the funding will be used to accelerate platform development, enhance customer success, and boost sales and marketing efforts. CYRISMA’s platform provides … Read more
Relyance AI, a leader in AI-powered data governance, has announced the close of a $32.1 million Series B funding round. The round was led by Thomvest Ventures, with participation from M12 (Microsoft’s venture fund), Cheyenne Ventures, Menlo Ventures, and Unusual Ventures. This investment will allow Relyance AI to scale its operations and address the growing … Read more
Local cable company Breezeline has terminated its entire Customer Care Department in Johnstown, Pennsylvania, sparking a dispute with the International Brotherhood of Electrical Workers (IBEW) union. The layoffs, which began in May and concluded in late September, have impacted dozens of employees. The union claims the decision violates their contract, particularly since the jobs are … Read more
3D Generative AI company, Third Dimension AI, has closed a $7 million seed financing round led by Felicis, alongside participation from Abstract Ventures, MVP, Soma Capital, Solari Capital, and other investors. The funding will be used to expand the company’s team and further train its 3D generative AI models as it works toward becoming the … Read more