Business reporter @mercnews covering startups in Silicon Valley. Medill MSJ. multimedia enthusiast. traveler. yogi. Views are my own. Retweet ≠ endorsement.

Adaptive Insights raises $75 million as Bay Area fundraising spree continues

siliconbeat.com — Let the cash-flush times keep rolling. The big-dollar funding deals continue with Adaptive Insights on Tuesday announcing it has raised $75 million from investors to fuel the company's global expansion. The round brings the Palo Alto-based company's total financing to more than $176 million.

Zenefits opens second Arizona office to continue hiring spree

siliconbeat.com — Zenefits has opened yet another office in Arizona, the latest of many signs that the startup is on a growth streak unparalleled in the subscription software business. San Francisco-based Zenefits announced Tuesday it has signed a 10-year lease for a five-story, 135,000-square-foot office in Tempe, Ariz., that will house 1,000 employees.

Not 1, but 2 $1.5 billion fundings rounds ahead for Silicon Valley companies

siliconbeat.com — Airbnb is in talks with investors to raise $1.5 billion in new financing as the home- and apartment-rental website makes a move to tap into the hot Asian market and expand services in Latin America. The funding, first reported by the Financial Times on Friday, would value the San Francisco company at $24 billion.

Xactly becomes San Jose’s 2nd IPO this year

siliconbeat.com — San Jose tech firm Xactly Corp. became the city's second initial-public offering of the year on Friday when it began trading on the New York Stock Exchange. Shares of Xactly, which sells cloud software to businesses to improve sales performance, opened at $8, matching the price set Thursday evening.

Postmates raises $80 million to expand on-demand delivery offering

siliconbeat.com — Postmates has raised $81 million from investors, the company revealed Thursday through a filing with the Securities and Exchange Commission. The financing values the San Francisco company, founded just four years ago, at more than $400 million. The round was led by Tiger Global Management, the Wall Street Journal reported.

Sean Parker launches philanthropic foundation to tackle malaria, cancer

siliconbeat.com — Silicon Valley entrepreneur-turned philanthropist Sean Parker formally launched on Wednesday a private foundation established with $600 million of Parker's own wealth that will be put toward finding cures for diseases such as cancer and malaria, and advancing research in the life sciences.

Amazon, eBay and other retailers ban Confederate flag merchandise in alliance with consumer protests

contracostatimes.com — By Heather Somerville hsomerville@mercurynews.com Posted: 06/23/2015 06:39:50 PM PDT Updated: 06/23/2015 06:49:21 PM PDT The Confederate flag became the target of tech giants and retail moguls Tuesday as the debate over its divisive symbolism reverberated across the country, permeating even Silicon Valley's most powerful businesses.

Amazon, eBay and other retailers ban Confederate flag merchandise in alliance with consumer protests

mercurynews.com — Posted: 06/23/2015 06:39:43 PM PDT The Confederate flag became the target of tech giants and retail moguls Tuesday as the debate over its divisive symbolism reverberated across the country, permeating even Silicon Valley's most powerful businesses. In rapid succession Tuesday, Amazon, eBay and Google systematically yanked Confederate-themed merchandise from their websites.

Credit Karma raises $175 M to make credit resources available to every consumer

siliconbeat.com — Underscoring how desperately the personal credit industry needs a makeover, San Francisco startup Credit Karma on Tuesday announced it has raised $175 million in venture financing. The Series D investment brings Credit Karma's funding to $368.5 million since the company was founded in 2007.

Instacart to convert some contractors to employees

mercurynews.com — Posted: 06/22/2015 03:49:39 PM PDT Updated: 06/22/2015 03:52:16 PM PDT SAN FRANCISCO -- Becoming one of the first tech startups to convert a large portion of its contractor workforce to employees, Instacart on Monday announced its grocery workers in the largest cities where the company operates would have benefits such as unemployment and Medicare.
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Jun 30, 2015

RT @MyBrainTest: Elder care tech challenges: enable freedom & quality of life, easy use even with health challenges, @heathersomervil #SVBo…

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