Menlo Park
Sequoia Capital reportedly raising two funds, and despite slower VC environment, it’s not alone
This news comes out just over a month after the venture capital giant warned founders to expect a longer economic recovery.
Meta’s NPE team takes a global focus with seed-stage investments, offices in emerging markets
Meta’s (formerly, Facebook’s) experimental app division, the NPE team, is shifting gears. The group, which first launched in mid-2019, has been focused on building consumer-facing apps tha
New antitrust suit from Phhhoto alleges Facebook copied and killed the competition
A former upstart Instagram rival is suing Meta, formerly known as Facebook, over allegations that the company violated antitrust laws by cloning a competing product and ultimately killing its business
SoftBank-backed construction giant Katerra said to be shutting down after raising billions
After burning through more than $2 billion in funding, SoftBank-backed construction startup Katerra has told employees that it will be shutting down operations, according to a report in The Informatio
Argentina’s Digital House raises over $50M to help solve LatAm’s tech talent shortage
Digital House, a Buenos Aires-based edtech focused on developing tech talent through immersive remote courses, announced today it has raised more than $50 million in new funding. Notably, two of the m
Free stock trading app Robinhood raises $323M at $7.6B valuation
Robinhood, the popular free stock trading app, this morning announced a massive $323 million round led by DST Global. The Series E financing values the Menlo Park-headquartered business at $7.6 billio
Meet Hatch Baby’s portable, Wi-Fi-enabled sleep device Rest+
Menlo Park-based Hatch Baby has prided itself on introducing “smart” nursery devices — including Grow, a changing pad with a built-in scale and Rest, a device doubling as a sound mac
The Silicon Valley exodus continues
Y Combinator, a longtime resident of Silicon Valley, is planning to move its HQ to San Francisco.
Building in Facebook’s Menlo Park campus evacuated after bomb threat
Update 2: Everyone has been cleared to return to the buildings. Facebook spokesperson Genevieve Grdina issued this statement: “Late this afternoon, we received a bomb threat and took swift actio