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Updated: 9 hours 36 min ago

PHOTOS: High school robotics teams showcase skills at state Capitol

Thu, 05/23/2019 - 5:56pm
Gov. Gavin Newsom saluted California high school robotics teams at the Capitol Wednesday for winning the championship in a national competition. In 2019, the FIRST Robotics Competition reached 95,000 high school students representing more than 3,900 teams. FIRST is an acronym of For Inspiration and Recognition for Science and Technology. The competition was launched in 1989 by inventor and Segway developer Dean Kamen to interest students in science, technology, engineering and math, or STEM education. Starting…

GM's Maven short-term vehicle rental service ending soon in Phoenix

Thu, 05/23/2019 - 5:53pm
Detroit-based Maven Drive LLC’s Maven Gig service launched in the Phoenix area in August 2017 giving local people options if they didn’t have a car or needed a newer car to qualify to drive for one of the ride-hailing services in the region.

Facebook says it is more aggressively enforcing content rules

Thu, 05/23/2019 - 5:53pm
Facebook also said its automated detection software that eliminates illicit content is improving: It now automatically detects and removes more than half of the hate speech on its platform.

How this Palo Alto-based startup is betting big on AI to make health systems more personalized

Thu, 05/23/2019 - 5:43pm
Springboarding off $10 million in funding, rapidly growing SymphonyRM is sifting through a mix of data to provide analytics on personalized "next best actions."

Children's Hospital's Peggy Troy, Intel's Rose Schooler join Rexnord board

Thu, 05/23/2019 - 5:40pm
Rexnord Corp. said Thursday that it has expanded the size of its board of directors to 11 with the addition of Peggy Troy, president and CEO of Children's Hospital and Health System, and Rosemary Schooler, corporate vice president, global data center sales, for Intel Corp. Troy, 67, has led the Children's Hospital health care system since 2009. Prior to joining Children’s Hospital in Wauwatosa, Troy served as executive vice president and chief operating officer of Methodist Le Bonheur Healthcare…

Phoenix Chamber names 2019 Impact Award winners

Thu, 05/23/2019 - 5:38pm
Fry's Food Stores and University of Advanced Technology are this year's Impact Award winners selected by the Greater Phoenix Chamber of Commerce. The 32nd Impact Awards were handed out at a luncheon May 23 at the Sheraton Grand Phoenix. Fry's Food Stores, which is a subsidiary of Cincinnati-based The Kroger Co. (NYSE: KR), was named the Large Business of the Year while the University of Advanced Technology won the Small/Medium Business of the Year honor. Both were chosen from a pool of eight finalists…

Amazon Go to expand FiDi footprint with fourth San Francisco store

Thu, 05/23/2019 - 5:03pm
Amazon is picking up speed on its Bay Area expansion with its latest plan to open a fourth Go store in San Francisco. The company has leased a 2,125-square-foot storefront at Three Embarcadero Center, its 12th Go location across the country. An Amazon (NASDAQ: AMZN) spokesperson said it would be opening soon, but declined to provide further details. The clicks-to-bricks retailer has been on an opening streak since it debuted the cashierless Go model to San Francisco in late October 2018. It has…

Innovators of the Year: Kineta is 'decorating tumor cells' to make them easier to target, treat (Video)

Thu, 05/23/2019 - 5:00pm
Strategic deals with two large pharma companies last year paved the way for Kineta to prepare for a public offering this year.

Fika Ventures closes on $76M tech investment fund

Thu, 05/23/2019 - 4:55pm
Fika Ventures, a Los Angeles-based seed-stage venture capital firm, has raised $76 million for its latest investment fund, its second since the firm was launched two years ago. Fika, which was founded by general partners Eva Ho of Susa Ventures and Tianxiang Zhuo of Karlin Ventures, raised $41 million in its first fund, according to Tech Crunch. Fika invests about half of its capital in Los Angeles-based startups, focusing on business-to-business, enterprise and financial technology companies. L.A.’s…

DoorDash's valuation surges to $12.6B with latest funding round

Thu, 05/23/2019 - 4:36pm
DoorDash's funding spree is picking up speed with its latest round pushing the company's valuation to one of the highest in the cutthroat delivery industry. The San Francisco-based service has raised another $600 million as part of its Series G round. The latest investment values the company at $12.6 billion — nine times what it was worth last year — and will be put toward continued market expansion. The company has raised about $2 billion since it was founded in 2013. Half of that has been…

Amazon investors reject demands for action on climate change, facial recognition

Thu, 05/23/2019 - 7:44am
Amazon shareholders on Wednesday rejected proposals, including those to curb the potential harms of facial recognition technology and to detail how the Seattle-based company plans to reduce dependence on climate-warming fossil fuels. The results came after a passionate showing from Amazon employees who expressed urgency in addressing climate change. "Speed is everything," employee Emily Cunningham said on behalf of more than 7,000 Amazon employees who expressed support for a proposal asking the…

Want funding? New website with Louisville ties will show you the money

Thu, 05/23/2019 - 7:17am
Four Southeast organizations have collaborated to create a searchable database that aims to help entrepreneurs and investors find venture capital funding. Nashville, Tenn.-based ModernCapital, Tampa Bay, Fla.-based Embarc Collective, Launch Tennessee and HQ1 partnered to develop a growing list of capital resources in the Southeast that are actively investing in pre-seed to growth-stage startups across all industries. The resource includes a list of capital sources across the Southeast, in Kentucky,…

Scaleworks acquires e-commerce search company; names new CEO for it

Thu, 05/23/2019 - 7:15am
San Antonio-based venture equity firm Scaleworks Associates has a new company — SearchSpring — under its wing, having made the first acquisition for its Fund II, which was announced in February. Denver-based SearchSpring, founded in 2007, provides an online search platform for retailers' websites. Scaleworks said the company, which has 40 employees, has "powered 9.2 billion search operations to date, has a wide range of customers, some of whom transact over $100 million in online sales." SearchSpring's…

USF-born startup chooses Polk County for first U.S. manufacturing plant

Thu, 05/23/2019 - 6:43am
The project involved both the city of Lakeland and Polk County providing incentives.

Boston's Circle Financial cuts 30 jobs

Thu, 05/23/2019 - 6:32am
Just over a year after Circle Financial Internet Ltd. indicated plans to hire 250 employees worldwide, CEO and founder Jeremy Allaire said yesterday that the fintech startup has eliminated 30 jobs. Allaire blamed “an increasingly restrictive regulatory climate in the United States” for the cuts, in a tweet yesterday. The Boston-based company has employees in New York, San Francisco, Dublin, London, Beijing, Hong Kong and other cities. Last year, Circle bought the cryptocurrency exchange…

Global firm launches new tech hub in Triangle, plans to expand local workforce

Thu, 05/23/2019 - 6:20am
A global technology company eyeing local talent has launched a technology hub in the heart of the Triangle, promising more jobs for the area in the near future. Pearson, a 24,00-employee company that operates in 70 counties worldwide, has announced a new 31,000-square-foot office near Research Triangle Park. The new office is located off Page Road in Durham. According to the announcement, the company currently employs 150 in the Triangle and is actively recruiting for more – something for which…

SomaDetect, former 43North grand prize winner, gets VC backing from ag-tech investor

Thu, 05/23/2019 - 5:59am
Cavallo Ventures is the venture capital arm of Wilbur-Ellis CO., a global distributor of agricultural products.

How AT&T's top California executive leads the business and manages her time

Thu, 05/23/2019 - 5:11am
An industry veteran, Rhonda Johnson got her start in finance before transitioning into policy work and more executive roles.

GlobalSecurityIQ riding fast growth in cybersecurity industry

Thu, 05/23/2019 - 4:35am
The company was founded by Holly Huber, who retired in 2017 as assistant special-agent-in-charge of the FBI's Buffalo office.

San Francisco biopharm tech company opens regional HQ in Bethesda

Wed, 05/22/2019 - 10:04pm
Biopharmaceutical software company Vineti Inc. has opened a regional headquarters in Bethesda to strengthen relationships with its East Coast clients. Co-founded by GE Co, and the Mayo Clinic, Vineti's cloud-based platform expands patient access to cell and gene therapies by tracking how the individualized treatments move from blood collection to manufacturing and back to the patient. With more than 1,000 active cell and gene therapy clinical trails globally, San Francisco-based Vineti seeks…

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