Silicon Valley Journals 
Mercury, a fintech company known for serving ambitious businesses with integrated banking, credit cards, and financial software, has announced a $300 million Series C funding round, valuing the company at $3.5 billion post-money—more than double its valuation from its Series B in 2021. This round, led by Sequoia Capital, includes participation from Spark Capital, Marathon, … Read more
Nexthop AI, a next-gen AI infrastructure company focused on supporting hyperscale cloud providers, has launched from stealth with $110 million in funding. The round was led by Lightspeed Venture Partners, with additional participation from Kleiner Perkins, WestBridge Capital, Battery Ventures, and Emergent Ventures. This capital will fuel the development of Nexthop AI’s advanced networking solutions … Read more
Silna Health, a company using AI to tackle healthcare’s prior authorization bottleneck, announced raising $27 million in total funding. This includes a $22 million Series A round co-led by Accel and Bain Capital Ventures, with angel investors such as the co-founders of Ramp, Opendoor, Truework, and Eight Sleep. The Series A follows a previously undisclosed … Read more
San Francisco-based tech company Niantic, known for developing Pokémon Go, is laying off dozens of employees following a recent $3.85 billion deal. Earlier this month, Niantic announced it was splitting into two distinct entities: its video game division, acquired by Scopely (owned by Saudi Arabia’s Public Investment Fund), and a new geospatial technology firm called … Read more
Starbreeze, the developer behind the Payday franchise, has quietly laid off around 15% of its workforce and is planning to shut down its French division. This division, which plays a crucial role in the company’s production pipeline, is primarily responsible for patches and DLCs in Starbreeze’s games. According to an anonymous Starbreeze employee, the company … Read more
SiriusXM has laid off more employees, following a previous round of job cuts that affected around 100 staff members in January. The satellite radio company is undergoing significant changes as it shifts its focus toward in-vehicle users and advertising-supported listening, which aligns with its ‘free access’ strategy. Since its spin-off from Liberty Media in September … Read more
Latigo Biotherapeutics, a clinical-stage biotechnology company focused on developing non-opioid pain treatments, has secured $150 million in Series B financing. The funds will be used to advance its highly selective Nav1.8 inhibitors currently in clinical trials, along with the development of its broader pipeline aimed at providing safer and more effective pain relief options. The … Read more
Washington-based materials startup Homeostasis has raised $1.2 million in a Pre-Seed funding round, including $600,000 in private investment and matching funds from the Washington Department of Commerce. Investors include the Shakopee Mdewakanton Sioux Community, Kayak Ventures, and angel backers. Tackling America’s Graphite Supply Chain Vulnerability Homeostasis aims to reduce U.S. dependence on foreign graphite sources—a … Read more
Bank of America is laying off 150 junior bankers globally, including 16 positions in Hong Kong, as part of a broader cost-cutting move driven by declining deal activity in the U.S. investment banking sector. A Reflection of Global Market Trends The layoffs signal continued pressure on major financial institutions as dealmaking slows in the U.S. … Read more
Cambium, a supply chain technology company focused on sustainable wood materials, has raised $18.5 million in a Series A funding round led by VoLo Earth Ventures. Additional investors include NEA, Dangerous Ventures, Tunitas Ventures, Woven Earth, Understorey, Groundswell, Ulu Ventures, and existing backers such as MaC Venture Capital, Rise of the Rest, 81 Collection, Alumni … Read more