On Thursday, Venture Capital firm GGV stated, it raised $2.52 billion for its latest group of funds marking it as its largest fund raising so far. The development follows several successful initial public offerings of its portfolio companies, including Affirm… Read More ›
Silicon Valley
U.S. venture capitalists set for record growth rate this year
Despite apprehensions of a corrections in venture capital funding, data from PitchBook Data Inc and National Venture Capital Association point to a bonanza year. According to a report that was released on Wednesday, U.S. venture capitalists are likely to sink… Read More ›
John Hennessy replaces Eric Schmidt as Alphabet Inc’s Executive Chairman
In the last two years, a slew of new talent, including Sundar Pichai as Google’s CEO, Ruth Porat as its CFO, Susan Wojcicki as YouTube’s CEO, and Diane Greene as senior VP of Google’s enterprise business, have played a greater… Read More ›
Stripe partners with Alipay and WeChat Pay to tap China’s e-commerce market
The deal allows Chinese consumers to make international payments through Stripe. In a significant development, Stripe a Silicon Valley startup, has partnered with China’s Alipay and WeChat, to enable digital payments for merchants using its platform globally. Now Stripe can… Read More ›
Travis Kalanick, Uber’s CEO takes undefined leave of absence midst sweeping financial & management reforms
The scandal-ridden company is on the verge of turning a new leaf. It would be interesting to see how this change of management will impact its case with Waymo. On Tuesday, Travis Kalanick, Uber Technologies Inc’s CEO told employees he… Read More ›
Tesla’s former head of its Autopilot system caught poaching engineers from Tesla
Sterling Anderson former head of Tesla’s Autopilot system, and Chris Urmson, ex-head of Google’s self-driving program, have launched a startup in Silicon Valley by the name of Aurora Innovation. Tesla has sued the former head of its Autopilot system, which… Read More ›