Silicon Valley

Silicon Valleys startup Tachyus lands $6M in funding to optimize oil and gas production

Silicon Valley, US-based tech firm Tachyus landed $6 million in a venture round led by Founders Fund to expand its workforce and use data to optimize oil and gas production.

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Israeli startup Neura bags $2M in funding to connect devices in a single app

Herzliya, Israel-based connected device network Neura bagged $2 million in a funding round led by Greenhouse Capital Partners to connect several gadgets using one mobile app.

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US-based solar-panel robotics startup Brittmore bags $1M in government grant

San Jose, US-based solar-panel robotics startup Brittmore Group bagged $1 million in a recent grant from the Department of Energy to automate the construction of solar power plants.

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US venture capital firm Andreessen Horowitz closes fourth fund at $1.5B

Silicon Valley, US-based venture capital firm Andreessen Horowitz closed its fourth fund at $1.5 billion to invest in a varied range of sectors including 3D printing, consumer mobile, and bitcoin.

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Denver health tech firm Welltok acquires Seattle health app maker Mindbloom

Denver, US-based health tech firm Welltok Inc acquired Seattle-based health app developer Mindbloom for an undisclosed amount to establish itself in the mobile health space.

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US-based SQL database startup VoltDB raises $8M in Series B funding

Bedford, US-based SQL database startup VoltDB raised $8 million in a Series B funding round led by an unnamed investor from Silicon Valley to scale databases both up and out.

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Silicon Valley startup Matterport to launch new 3D modeling technology

Mountain View, US-based 3D reconstruction firm Matterport is set to release a camera and technology that professional photographers and real estate firms can use to create 3D models of interior and outdoor spaces.

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Lightspeed Venture backs professional Frisbee league in San Jose

Menlo Park, US-based venture capital firm Lightspeed Venture Partners invested an undisclosed amount in San Jose Spiders, a professional Frisbee league owned by Cisco Systems Inc president Rob Lloyd.

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Li Ka-Shing leads $23M investment in US-based fake egg startup

Li Ka-Shing, the richest man in Asia, led a $23-million investment round in Silicon Valley, US-based synthetic egg startup Hampton Creek which is preparing to conquer the Asian market.

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Plan to split California into six states gets approval to collect signatures for voting

Venture capitalist Tim Draper planned to split California into six states and make Silicon Valley a separate state, and the plan has not gained approval to collect signatures for voting.

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San Francisco's IDG Ventures raises $100M for third funding round

San Francisco, US-based venture capital fund network IDG Ventures is currently raising $100 million for its third fund, the IDG Ventures III, to invest in early-stage startups in the US.

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EU launches tech startup accelerator and think tank to follow Silicon Valley's success

In a bid to match Silicon Valley's success, the European Commission (EC) launched the Startup Europe Partnership tech startup accelerator and the European Digital Forum think tank at the World Economic Forum in Davos.

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South Korean Bitcoin startup raises $400K from Silicon Valley investors

South Korea-based Bitcoin startup Korbit raised $400,000 in funding from several Silicon Valley investors including Tim Draper, Naval Ravikant, David Lee, and Barry Silbert, for the company's growth.

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Inventus Capital closes $106M second fund to invest in US-India startups

Bangalore, India-based early-stage investment firm Inventus Capital Partners closed its second fund totaling $106 million to invest in digital services startups in India and the US.

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Internet entrepreneur Niklas Zennström says great companies can come from anywhere

For venture capital firm Atomico founder Niklas Zennström , Silicon Valley is not the only technology hub where great firms can come from. He says they can come from anywhere.

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