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Updated: 5 hours 49 min ago

Austin-based homebuying website emerges from stealth with $1.3B behind it, launches in Tampa

6 hours 1 min ago
A quiet real estate and technology giant based in Austin is behind the venture.

Birmingham organization tapped for global blockchain accelerator program

6 hours 13 min ago
A Birmingham-based organization has been selected to join a global blockchain accelerator. GlobalXplorer, a nonprofit crowdsourced archaeology initiative, was selected among the first 16 companies in the world to participate in the ConsenSys Tachyon Blockchain Accelerator. As we've noted, GlobalXplorer is an online citizen-science and archaeology platform that was the brainchild of Sarah Parcak – a former Top 40 Under 40 winner who has drawn global headlines for using technology to find ancient…

2018 Most Admired CEOs: Chris Heim, HelpSystems

6 hours 33 min ago
Heim's first CEO position was with HighJump Software, which he grew from $8 million in sales in 1997 to $80 million in 2006 before selling the company to 3M Co. He and business partner, Dan Mayleben, proceeded to purchase, grow and sell Amcom Software and Axium, before joining HelpSystems as CEO in late-2014.

LiveSafe just raised its largest round ever

6 hours 40 min ago
Arlington safety and security startup LiveSafe Inc. has raised $11.1 million in fresh funding, according to Securities and Exchange Commission filings. It's the company's largest round so far and puts its total funding at about $25 million, according to a review of previous SEC filings. LiveSafe did not respond to requests for comment. LiveSafe, founded in 2012, has built a mobile safety platform that allows corporations, universities and other companies with large campuses or properties to incorporate…

See why this billionaire is paying SpaceX for a week-long trip in outer space

6 hours 41 min ago
Elon Musk was pretty candid about the safety and timeline of the moon mission his company SpaceX is planning for its largest rocket that's currently in development in California. However, those details are not changing one billionaire's mind about making the trip. On Sept. 17, the founder and CEO of Hawthrone, Calif.-based rocket company SpaceX revealed that Yusaku Maezawa is the first private passenger who will make a nearly 240,000-mile, week-long journey from Earth to circle the moon and back…

Delivered to unicorn status, Postmates raises $300 million

6 hours 47 min ago
On-demand food and grocery delivery service Postmates just raised $300 million in venture funding, after a year of growth the company calls “record-shattering.” The San Francisco-based company completes millions of deliveries a month. In July, Postmates expanded its service to 100 new cities. Today, the delivery service says it operates across 400 U.S. cities and Mexico City, giving customers access to over 250,000 merchants. With the infusion of capital, Postmates says it will expand its selection…

UiPath touts a $3 billion valuation in latest funding round

6 hours 47 min ago
Robotics company UiPath has closed a new round of funding. The New York-based startup secured $225 million in series C financing at a valuation of $3 billion. Existing investor CapitalG co-led the effort with new investor Sequoia Capital. Accel, which led UiPath's series A and B rounds, also participated in this campaign. UiPath, which recently moved into a new headquarters at 90 Park Ave., is touted to be the fastest growing enterprise software company in history. Daniel Dines, co-founder…

Online payments powerhouse Stripe slides into brick-and-mortar

6 hours 53 min ago
San Francisco-based Stripe is extending past its digital roots into the brick-and-mortar realm with the launch of Terminal, its new in-person product. “The question we started asking ourselves was, ‘Can we make the offline world as simple as the online word?’ and we think it’s very much possible,” Stripe co-founder and president John Collison told Recode. “The company said Terminal has three main components — there’s hardware, namely card readers built by Stripe partners BBPOS and…

MacBook, iPhone and other Apple products dodge this round of Trump tariffs

7 hours 2 min ago
Cupertino-based Apple Inc. is being spared from this round of Trump administration-ordered tariffs, which will increase duties on $200 billion worth of Chinese imports, effective later this month. In early September, Apple warned it could face tariffs on a “wide range” of its products — notably the Apple Watch, AirPods and Apple Home. Those fears were not realized this week, when the office of the U.S. Trade Representative published a list of products that would be affected by the new tariffs. This…

Inrix ranks Seattle's I-5 as the top U.S. route for driverless truck deployment

7 hours 8 min ago
Autonomous trucking on Interstate 5 would goes hand-in-hand with work by Microsoft, Madrona Venture Group and ReachNow to turn Bellevue into a driverless car hub.

Amazon planning multiple massive multistory fulfillment centers across the U.S.

Mon, 09/17/2018 - 6:19pm
The four-story, 2.6 million-square-foot fulfillment center being planned in the Milwaukee suburb of Oak Creek, called "Project Arrow" and widely believed to be for Amazon, is just one of several the company is planning across the country.

Tempe company's new tech makes real-time streaming even faster

Mon, 09/17/2018 - 6:09pm
Annoyed by those 30-second delays while viewing a live sports game, online gambling or voting for your favorite singer on "The Voice?" A breakthrough by a Tempe company has you covered.

Apple execs recount early days at Infinite Loop campus

Mon, 09/17/2018 - 5:57pm
As Apple Inc. employees start new memories in the company's shiny, new "spaceship" headquarters in Cupertino, executives past and present reminisced about the company's first major home. Before Apple became the world's first trillion-dollar company and moved into a $5 billion campus designed by late CEO Steve Jobs, 1 Infinite Loop in Cupertino was ground zero for the iPhone maker before ... well, before it was an iPhone maker. Numerous early Apple employees, including Tony Fadell, Heidi Roizen…

NASA launches Northrop Grumman satellite manufactured in Valley

Mon, 09/17/2018 - 5:54pm
The Gilbert facility operated by aerospace manufacturer Northrop Grumman was behind the Ice, Cloud and Land Elevation spacecraft that was successfully launched over the weekend by NASA from Vandenburg Air Force Base, California, to measure Earth’s glaciers and ice sheets. Virginia-based Northrop Grumman (NYSE: NOC) also provided propulsion, composite structures and a navigation system for NASA’s Delta II rocket, along with other components, for what was Delta II’s final launch mission when…

Mobile social networking company shutters, Walmart buys S.F. grocery delivery service and more Bay Area funding news

Mon, 09/17/2018 - 5:46pm
A pair of high-profile, venture-backed companies from San Francisco have shut down in recent days. Path Inc., a mobile social networking company founded by former Facebook product manager Dave Morin and ex-Napster founders Dustin Mierau and Shawn Fanning, announced its end on Monday. The original idea was to limit each user to to just 50 friends and provide a more private alternative to Facebook. The friend restriction was later removed and the service peaked at around 15 million users with…

Merrick appointed CEO of Beloit's NorthStar Medical Technologies

Mon, 09/17/2018 - 5:45pm
Stephen Merrick has been promoted to chief executive of NorthStar Medical Technologies, a Beloit-based nuclear medicine company. Merrick replaces outgoing chairman and CEO George Messina. Merrick joined the company in 2016 to be its chief operating officer and was later promoted to president and COO. Messina becomes chairman emeritus of NorthStar Medical Technologies while also being appointed president and CEO of NorthStar Nuclear Therapies, a wholly-owned subsidiary of NorthStar focused on…

After Hours: Sacramento Region Innovation Awards Nominee Reception

Mon, 09/17/2018 - 5:39pm
More than 150 people attended the Sacramento Region Innovation Awards Nominee Reception on Aug. 30. The event, which was held at The Urban Hive at Alhambra and Stockton boulevards, celebrated the local innovation ecosystem. The party was hosted by Five Star Bank and the Greater Sacramento Economic Council.  The Sacramento Region Innovation Awards are presented by Stoel Rives LLP, Moss Adams LLP and the Sacramento Business Journal. This year, there are 97 nominees across eight award categories.…

F-35 HELIOS: Harris Corp, Lockheed Martin get more than $500M in local defense work

Mon, 09/17/2018 - 5:23pm
Melbourne-based global defense firm Harris Corp. is one of nine firms competing for services on a contract valued at a half-billion dollars. Harris Corp. (NYSE: HRS) and several other companies were awarded a $500 million contract by the U.S. Defense Intelligence Agency on Sept. 14 to perform services on the High Energy Laser and Integrated Optical-dazzler with Surveillance system, called HELIOS for short.  The location of the work for the 10-year contract will be depend upon which of the nine…

British cave diver sues Elon Musk for calling him a ‘pedo guy’

Mon, 09/17/2018 - 5:12pm
Elon Musk challenged Vernon Unsworth to sue him for calling the British cave diver a pedophile and child rapist. Well, now Unsworth has. In the suit, filed Monday in U.S. District Court in Los Angeles, the SpaceX and Telsa CEO is being sued for defamation, reported Reuters and The Associated Press. The claim seeks $75,000 in compensatory damages, plus punitive damages, and an injunction against Musk from making further “false and defamatory accusations.” SpaceX did not immediately return a…

Editor's note: Issues with today's TechFlash newsletter? Read those stories here

Mon, 09/17/2018 - 4:59pm
Dear readers: The Business Journal experienced technical issues with today's edition of our regular TechFlash newsletter. We hope to have those issues resolved by the next installment of TechFlash on Wednesday, when we'll also unveil an updated design for the newsletter. In the meantime, you can read all of our latest technology coverage here, and the stories that were intended for today's newsletter below. Saudi sovereign wealth fund pours $1 billion into Bay Area Tesla rival This cancer-fighting…

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