Silicon Valley Journals 
Flyr, a San Francisco-based technology company specializing in solutions for the travel industry, has raised $295 million in new funding. The financing includes a $225 million Series D round led by WestCap, with participation from investors such as Avianca, BlackRock, Streamlined Ventures, and a subsidiary of the Abu Dhabi Investment Authority (ADIA). Additionally, Flyr secured … Read more
Cents, a New York City-based provider of an all-in-one business management platform for laundry businesses, has raised $40 million in Series B funding. This latest round brings the company’s total funding to $77 million. The funding round was led by Camber Creek, with participation from previous investors Bessemer Venture Partners and Tiger Global. Other strategic … Read more
Iteris, an Austin, TX-based provider of smart mobility infrastructure management technology, announced it has entered into a definitive agreement to be acquired by Almaviva, an Italian digital innovation group. The all-cash transaction values Iteris at approximately $335 million. Almaviva plans to finance the acquisition through committed debt financing. Once the deal is finalized, Iteris will … Read more
BrandRank.AI, a Cincinnati, OH-based company specializing in generative AI-based brand search analytics, has raised $1.2 million in Seed and Angel funding. The funding round attracted prominent backers, including Sandberg Bernthal Venture Partners and the Mercury Fund. Notable individual investors include former P&G CEO and Disney Chairman John Pepper, early venture capitalists and Cincinnati Reds and … Read more
Level AI, a Mountain View, CA-based leader in LLM-native customer experience intelligence and service automation, has successfully raised $39.4 million in a Series C funding round. This brings the company’s total funding to $73.1 million. The round was led by Adams Street Partners, with additional investments from Cross Creek, Brightloop, and several CX leaders. Existing … Read more
HCLSoftware, the software division of HCLTech based in Santa Clara, CA, has announced plans to acquire Zeenea, a Paris-based leader in data catalog and governance solutions. The financial terms of the deal, which is expected to finalize in September 2024, have not been disclosed. This acquisition will bolster HCLSoftware’s Data & Analytics business, specifically its … Read more
Elon Musk’s Tesla has reportedly laid off nearly 16,000 employees, accounting for over 10% of its global workforce. The mass layoffs have particularly impacted many Indian and Chinese employees who are now facing the pressure of the H-1B visa deadline, which requires them to secure new employment within 60 days to maintain their legal status … Read more
Molecular diagnostics firm Cepheid, headquartered in Sunnyvale, CA, is laying off 626 employees at its main facility and an additional 11 employees at its logistics center in Fremont, CA. The layoffs were disclosed in a Worker Adjustment and Retraining Notification (WARN) filed with the state of California, with the reductions set to take effect on … Read more
CloudBees, a San Francisco, CA-based provider of software development platforms for over 500 enterprises, has acquired Launchable, an AI-augmented testing platform designed to improve quality assurance (QA) processes. The financial details of the acquisition were not disclosed. Founded in 2010 and led by President and CEO Anuj Kapur, CloudBees empowers enterprises to deliver scalable, compliant, … Read more
Enverus, an Austin, TX-based SaaS company dedicated to the energy sector, has acquired BidOut, a Houston, TX-based provider of an AI-powered procurement platform specializing in requests for anything (RFx). The financial terms of the deal were not disclosed. This acquisition allows Enverus to expand its offerings by integrating BidOut’s advanced sourcing capabilities into its own … Read more