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<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:media="http://search.yahoo.com/mrss/" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" > <channel> <title>Silicon Valley Journals</title> <atom:link href="https://siliconvalleyjournals.com/feed/" rel="self" type="application/rss+xml" /> <link>https://siliconvalleyjournals.com</link> <description>Business News, Technology News, Startup News</description> <lastBuildDate>Wed, 25 Jun 2025 17:54:19 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.8.1</generator> <image> <url>https://i0.wp.com/siliconvalleyjournals.com/wp-content/uploads/2025/04/svj-favicon-v2.png?fit=32%2C32&ssl=1</url> <title>Silicon Valley Journals</title> <link>https://siliconvalleyjournals.com</link> <width>32</width> <height>32</height></image> <site xmlns="com-wordpress:feed-additions:1">212763662</site> <item> <title>Novoloop Raises $21 Million Series B Funding</title> <link>https://siliconvalleyjournals.com/novoloop-raises-21-million-series-b-funding/</link> <comments>https://siliconvalleyjournals.com/novoloop-raises-21-million-series-b-funding/#respond</comments> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Wed, 25 Jun 2025 17:54:16 +0000</pubDate> <category><![CDATA[Funding]]></category> <guid isPermaLink="false">https://siliconvalleyjournals.com/?p=37137</guid> <description><![CDATA[Novoloop, an innovator in chemical recycling technology, has closed its Series B funding round, led by Taranis. The investment will support the commercial scale-up of Novoloop’s Lifecycling™ process, which converts post-consumer polyethylene waste into high-performance polyol and polyurethane. The funding will also help launch key customer programs as the company moves closer to large-scale deployment. […]]]></description> <content:encoded><![CDATA[<p>Novoloop, an innovator in chemical recycling technology, has closed its Series B funding round, led by Taranis. The investment will support the commercial scale-up of Novoloop’s Lifecycling process, which converts post-consumer polyethylene waste into high-performance polyol and polyurethane. The funding will also help launch key customer programs as the company moves closer to large-scale deployment.</p> <p>With this latest round, Novoloop has now raised over $50 million in total capital. The funding follows several recent milestones, including continuous operations at its demonstration facility in India, strategic collaborations with leading polyurethane producers in China, and early progress toward establishing its first commercial production site.</p> <p>The round includes continued support from existing investor Valo Ventures and introduces new participation from SHOP Limited, the Family Office of the Bata Shoe Company.</p> <p>“We are thrilled to partner with Taranis, whose commitment to plastic circularity and industrial decarbonization aligns with our global vision for Lifecycling<img src="https://s.w.org/images/core/emoji/15.1.0/72x72/2122.png" alt="™" class="wp-smiley" style="height: 1em; max-height: 1em;" />,” said Miranda Wang, CEO and co-founder of Novoloop. “This round strengthens our ability to meet growing industry demand for circular, cost-effective polyurethanes by scaling up our breakthrough technology.”</p> <p>Taranis is known for its hands-on experience in scaling industrial technologies for hard-to-abate sectors. Its investment highlights Novoloop’s potential to replace fossil-based inputs in everyday products with recycled alternatives, positioning the company as a key player in advancing sustainable materials and enabling a circular economy.</p>]]></content:encoded> <wfw:commentRss>https://siliconvalleyjournals.com/novoloop-raises-21-million-series-b-funding/feed/</wfw:commentRss> <slash:comments>0</slash:comments> <media:content url="https://mms.businesswire.com/media/20250624087075/en/2506291/5/Novoloop_Taranis_Photo.jpg" medium="image"></media:content> <post-id xmlns="com-wordpress:feed-additions:1">37137</post-id> </item> <item> <title>Mandolin Raises $40 Million to Revolutionize Specialty Drug Access with AI</title> <link>https://siliconvalleyjournals.com/mandolin-raises-40-million-to-revolutionize-specialty-drug-access-with-ai/</link> <comments>https://siliconvalleyjournals.com/mandolin-raises-40-million-to-revolutionize-specialty-drug-access-with-ai/#respond</comments> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Wed, 25 Jun 2025 17:52:25 +0000</pubDate> <category><![CDATA[Funding]]></category> <guid isPermaLink="false">https://siliconvalleyjournals.com/?p=37134</guid> <description><![CDATA[Mandolin, an AI-driven automation platform focused on specialty drug access, has announced a $40 million funding round. The investment includes backing from Greylock Partners, SignalFire, Maverick, SV Angel, as well as notable individuals such as Jerry Yang, co-founder of Yahoo!, and Guillermo Rauch, CEO of Vercel. Founded by Will Yin (CEO) and Rohit Rustagi (COO), […]]]></description> <content:encoded><![CDATA[<p><a href="https://mandolin.com/" rel="nofollow noopener" target="_blank">Mandolin</a>, an AI-driven automation platform focused on specialty drug access, has announced a $40 million funding round. The investment includes backing from Greylock Partners, SignalFire, Maverick, SV Angel, as well as notable individuals such as Jerry Yang, co-founder of Yahoo!, and Guillermo Rauch, CEO of Vercel.</p> <p>Founded by Will Yin (CEO) and Rohit Rustagi (COO), Mandolin is designed to streamline the complex administrative processes associated with specialty drugs—therapies often used to treat serious conditions like cancer, autoimmune disorders, and Alzheimer’s disease. The platform is already being used by major U.S. infusion providers, pharmacies, and health systems.</p> <p>Specialty drug use has seen rapid growth, with $250 billion spent in 2024 alone. That figure is projected to rise to $1.5 trillion within the next eight years. These drugs currently make up 75% of the pipeline awaiting FDA approval. However, access to them is often delayed due to complicated insurance protocols and manual administrative requirements.</p> <p>“Insurance companies make the approval process for specialty medications extremely difficult,” said CEO Will Yin. “Providers spend an enormous amount of time checking coverage, submitting authorizations, and verifying reimbursements. These tasks can take weeks and lead to significant revenue loss. With advancements in AI, we saw an opportunity to automate these workflows in a matter of minutes.”</p> <p>Mandolin’s AI agents mimic experienced administrative staff, performing tasks such as interpreting clinical policies, calling insurers, reading faxes and handwritten notes, and making informed decisions throughout the workflow. The system integrates with existing electronic health records, insurance portals, and manufacturer hubs to create a seamless administrative process for infused and injected medications.</p> <p>The company’s mission is personal for its founders. Both Yin and Rustagi have family connections to illnesses like Alzheimer’s and cancer, which inspired their early academic research. Their firsthand experience with the healthcare system’s inefficiencies, combined with the potential of large language models, led to the founding of Mandolin in 2024.</p> <p>Since launching its product in January, Mandolin has seen significant traction. Its platform is now active in over 700 clinical locations and supports more than 250,000 new patients each year. Its customer base includes leading names like Vivo Infusion, FlexCare Infusion, OI Infusion, TwelveStone Health Partners, and Amber Specialty Pharmacy.</p> <p>Mandolin aims to reduce time-to-treatment from weeks to days, lower administrative costs, improve billing accuracy, and provide better insights into patient care and drug utilization. With this latest funding, the company is well-positioned to accelerate its growth and further transform the way specialty medications are accessed and delivered.</p>]]></content:encoded> <wfw:commentRss>https://siliconvalleyjournals.com/mandolin-raises-40-million-to-revolutionize-specialty-drug-access-with-ai/feed/</wfw:commentRss> <slash:comments>0</slash:comments> <media:content url="https://mms.businesswire.com/media/20250625104094/en/2507371/5/2025689-Mandolin-04-V2_%281%29.jpg" medium="image"></media:content> <post-id xmlns="com-wordpress:feed-additions:1">37134</post-id> </item> <item> <title>Waltz Raises $50M in Funding</title> <link>https://siliconvalleyjournals.com/waltz-raises-50m-in-funding/</link> <comments>https://siliconvalleyjournals.com/waltz-raises-50m-in-funding/#respond</comments> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Tue, 24 Jun 2025 17:44:26 +0000</pubDate> <category><![CDATA[Funding]]></category> <guid isPermaLink="false">https://siliconvalleyjournals.com/?p=37114</guid> <description><![CDATA[Waltz, a digital platform that simplifies U.S. residential real estate financing for foreign national investors, has announced it has raised a total of $50 million in equity and debt funding. This includes a newly secured $25 million line of credit from affiliates of Setpoint Capital. The capital will enable Waltz to support up to $1 […]]]></description> <content:encoded><![CDATA[<p><a href="https://www.getwaltz.com/" rel="nofollow noopener" target="_blank">Waltz</a>, a digital platform that simplifies U.S. residential real estate financing for foreign national investors, has announced it has raised a total of $50 million in equity and debt funding. This includes a newly secured $25 million line of credit from affiliates of Setpoint Capital. The capital will enable Waltz to support up to $1 billion in loan volume as the company expands to meet growing global demand.</p> <p>Waltz’s end-to-end digital platform helps international buyers navigate the complexities of purchasing U.S. property. Through Waltz, foreign investors can form a U.S. LLC, open a U.S. bank account, exchange currency, obtain financing, and complete property purchases—all in one streamlined experience.</p> <p>The new funding will fuel Waltz’s official launch across Latin America, focusing on key markets including Mexico, Brazil, Colombia, and Argentina. These countries represent the region’s largest share of U.S. real estate investors. Since launching in July 2024, Waltz has processed over $300 million in loan applications from clients across four continents.</p> <p>Despite ongoing global economic uncertainty, demand for U.S. real estate remains strong among Latin American investors. Waltz has already partnered with major brokerages such as RE/MAX and eXp Realty and continues to gain traction thanks to its fully digital, AI-driven platform. Its technology spans the entire loan lifecycle—from onboarding and underwriting to processing and selling loans to institutional investors like Acra Lending (a BlackRock subsidiary) and Atlas SP (backed by Apollo).</p> <p>By bridging international capital with the U.S. housing market through automation and regulatory clarity, Waltz is positioning itself as a key player in reshaping how foreign nationals invest in American real estate.</p>]]></content:encoded> <wfw:commentRss>https://siliconvalleyjournals.com/waltz-raises-50m-in-funding/feed/</wfw:commentRss> <slash:comments>0</slash:comments> <media:content url="https://plus.unsplash.com/premium_photo-1661373756630-ba2eaf0f125f" medium="image"></media:content> <post-id xmlns="com-wordpress:feed-additions:1">37114</post-id> </item> <item> <title>Empo Health Raises $7M</title> <link>https://siliconvalleyjournals.com/empo-health-raises-7m/</link> <comments>https://siliconvalleyjournals.com/empo-health-raises-7m/#respond</comments> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Tue, 24 Jun 2025 17:42:20 +0000</pubDate> <category><![CDATA[Funding]]></category> <guid isPermaLink="false">https://siliconvalleyjournals.com/?p=37111</guid> <description><![CDATA[Empo Health has raised $7 million in fresh funding to support the commercialization of its home-based diabetic foot ulcer (DFU) monitoring system. The round was led by Story Ventures with support from VTC Ventures, Ulu Ventures, SeaX Ventures, Arben Ventures, and Gaingels. This brings the total capital raised by the company to $15 million. More […]]]></description> <content:encoded><![CDATA[<p>Empo Health has raised $7 million in fresh funding to support the commercialization of its home-based diabetic foot ulcer (DFU) monitoring system. The round was led by Story Ventures with support from VTC Ventures, Ulu Ventures, SeaX Ventures, Arben Ventures, and Gaingels. This brings the total capital raised by the company to $15 million.</p> <p>More than 20 million Americans suffer from diabetic neuropathy, putting them at high risk for DFUs—a condition that can lead to amputations and drives up to $80 billion in U.S. healthcare spending each year. Empo’s goal is to prevent these outcomes by enabling early detection and intervention, right from a patient’s home.</p> <p>Empo’s system combines the Empo® Footprint imaging scale with its HIPAA-compliant Remote Health Link service. Patients simply step on the scale, which captures a full-color visual image of their feet. That image is automatically shared with their care team, allowing providers to remotely monitor foot health and act early if issues arise. In a pilot study, nearly half of participants showed early signs of ulcers detected through the system, with near-daily engagement.</p> <p>Empo CEO and co-founder Anuj Khandelwal emphasized that the company is targeting a population that typically lacks easy access to consistent care. “We founded Empo to meet patients where they are—in their homes—and give clinicians actionable tools to prevent avoidable amputations,” he said.</p> <p>The funding also comes with the addition of three new board members: Brian Yormak of Story Ventures, Steve Reale of Ulu Ventures, and Partha Ray, formerly of Dexcom and Johnson & Johnson.</p> <p>Yormak noted the importance of connected hardware that powers real-world software solutions. “Empo’s Footprint scale delivers meaningful data that providers can act on—improving care for millions of people at risk,” he said.</p> <p>The device is designed with usability in mind. According to co-founder and Chief Product Officer Eric Dahlseng, “The Footprint scale takes just seconds to use and gives providers clear, visual information they can trust—at exactly the right moment.”</p> <p>Empo also received backing from SeaX Ventures and VTC Ventures. Dr. Kid Parchariyanon of SeaX praised the team’s mission-driven approach to solving a critical healthcare challenge with empathy and precision. James Ramey of VTC Ventures highlighted the startup’s collaboration with Carilion Clinic and noted a study is set to launch involving their patients and providers.</p> <p>Empo’s combination of patient-centered design, actionable clinical data, and real-time connectivity positions it as a promising solution in the effort to reduce DFU-related complications and improve outcomes for millions of patients.</p>]]></content:encoded> <wfw:commentRss>https://siliconvalleyjournals.com/empo-health-raises-7m/feed/</wfw:commentRss> <slash:comments>0</slash:comments> <media:content url="https://seaxventures.vc/wp-content/uploads/2022/12/Empo-Health-1.png" medium="image"></media:content> <post-id xmlns="com-wordpress:feed-additions:1">37111</post-id> </item> <item> <title>AllSpice.io Secures $15M Series A to Launch AI Agent</title> <link>https://siliconvalleyjournals.com/allspice-io-secures-15m-series-a-to-launch-ai-agent/</link> <comments>https://siliconvalleyjournals.com/allspice-io-secures-15m-series-a-to-launch-ai-agent/#respond</comments> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Tue, 24 Jun 2025 17:40:14 +0000</pubDate> <category><![CDATA[Funding]]></category> <guid isPermaLink="false">https://siliconvalleyjournals.com/?p=37107</guid> <description><![CDATA[AllSpice.io, a collaborative platform for electrical engineering teams, has raised $15 million in a Series A funding round, bringing its total venture backing to $25 million. The round was led by Rethink Impact with participation from L’ATTITUDE Ventures, GingerBread Capital, DNX Ventures, and existing investors Root Ventures, Benchstrength, and Flybridge. The new funding will be […]]]></description> <content:encoded><![CDATA[<p>AllSpice.io, a collaborative platform for electrical engineering teams, has raised $15 million in a Series A funding round, bringing its total venture backing to $25 million. The round was led by Rethink Impact with participation from L’ATTITUDE Ventures, GingerBread Capital, DNX Ventures, and existing investors Root Ventures, Benchstrength, and Flybridge.</p> <p>The new funding will be used to expand enterprise-level features, enhance customer support, and launch the AllSpice AI Agent publicly for hardware design validation—after a successful private beta.</p> <p>Co-founder and CEO Valentina Ratner emphasized the importance of modern, AI-powered tools for electronics teams developing cutting-edge technology, from autonomous vehicles to aerospace. “Engineers should spend more time designing and less time bogged down by repetitive tasks,” she said.</p> <p>AllSpice’s platform is designed for precision and efficiency. It provides a centralized workspace where teams can collaborate on schematics, layouts, and reviews while tracking every design decision. With the integration of GenAI, AllSpice offers intelligent suggestions and automation without overriding human judgment.</p> <p>CTO and co-founder Kyle Dumont explained that the AI Agent leverages structured design data to help engineers make impactful decisions. The AI can flag common design errors—like swapped TX/RX pins, missing coupling capacitors, or component derating—and provide alternate part suggestions or note components nearing end-of-life.</p> <p>In addition to error checking, the AI Agent automates document generation such as power tables, spec summaries, and theory of operation docs—speeding up processes that often slow hardware teams down.</p> <p>AllSpice serves a wide customer base ranging from startups to Fortune 500 companies in sectors like aerospace, defense, robotics, autonomous vehicles, industrial machinery, and medical devices. Its platform is used not only by hardware engineers and PCB designers but also by firmware engineers, procurement teams, and contract manufacturers working in tandem.</p> <p>As AllSpice scales up its enterprise offerings, the company aims to redefine how hardware teams design, validate, and deliver high-quality products in an increasingly complex and fast-moving landscape.</p>]]></content:encoded> <wfw:commentRss>https://siliconvalleyjournals.com/allspice-io-secures-15m-series-a-to-launch-ai-agent/feed/</wfw:commentRss> <slash:comments>0</slash:comments> <media:content url="https://plus.unsplash.com/premium_photo-1725985758251-b49c6b581d17" medium="image"></media:content> <post-id xmlns="com-wordpress:feed-additions:1">37107</post-id> </item> <item> <title>Brightspeed Raises $575M to Accelerate Aggressive Fiber Expansion</title> <link>https://siliconvalleyjournals.com/brightspeed-raises-575m-to-accelerate-aggressive-fiber-expansion/</link> <comments>https://siliconvalleyjournals.com/brightspeed-raises-575m-to-accelerate-aggressive-fiber-expansion/#respond</comments> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Thu, 19 Jun 2025 13:03:48 +0000</pubDate> <category><![CDATA[Funding]]></category> <guid isPermaLink="false">https://siliconvalleyjournals.com/?p=37094</guid> <description><![CDATA[Brightspeed, the third-largest fiber broadband builder in the U.S., has secured an additional $575 million in capital to fast-track its fiber network rollout. This latest funding adds to the $3.7 billion already raised in 2024 and will fuel the company’s ongoing efforts to bring high-speed fiber internet to over five million homes and businesses across […]]]></description> <content:encoded><![CDATA[<p><a href="https://www.brightspeed.com/" rel="nofollow noopener" target="_blank">Brightspeed</a>, the third-largest fiber broadband builder in the U.S., has secured an additional $575 million in capital to fast-track its fiber network rollout. This latest funding adds to the $3.7 billion already raised in 2024 and will fuel the company’s ongoing efforts to bring high-speed fiber internet to over five million homes and businesses across its 20-state service area.</p> <p>Having already passed more than 2 million locations, Brightspeed plans to add another 1 million homes in 2025, keeping pace as one of the fastest builders in the country.</p> <p>“This new capital allows us to continue our aggressive fiber build strategy, bringing high-speed connectivity to communities that have historically lacked quality broadband options,” said Michel Combes, Executive Chairman and CEO. “We’ve made tremendous progress, and this new funding underscores the credit market’s belief in our strategy and the strength of our execution.”</p> <p>Backers of the new round cited Brightspeed’s expansive, underpenetrated footprint and its ability to execute large-scale builds efficiently as key reasons for their confidence.</p> <p>Brightspeed’s network is powered by XGS-PON technology, enabling symmetrical multi-gigabit internet speeds. Its fiber service is already available in over 530 communities and expanding rapidly.</p> <p>The company has also secured more than $295 million in public broadband grants and subsidies, aimed at bringing service to unserved and underserved areas. Brightspeed continues to pursue further public funding opportunities to maximize the reach and impact of its network.</p> <p>“Our mission is clear — to deliver fast, reliable, future-proof fiber to as many customers as possible,” Combes said. “We’re building at scale, and we’re just getting started.”</p>]]></content:encoded> <wfw:commentRss>https://siliconvalleyjournals.com/brightspeed-raises-575m-to-accelerate-aggressive-fiber-expansion/feed/</wfw:commentRss> <slash:comments>0</slash:comments> <media:content url="https://media.bizj.us/view/img/12439097/brightspeed-headquarters-opening-mk007*660xx8044-4525-0-420.jpg" medium="image"></media:content> <post-id xmlns="com-wordpress:feed-additions:1">37094</post-id> </item> <item> <title>Sifflet Secures $18M to Drive Growth and Expand in North America</title> <link>https://siliconvalleyjournals.com/sifflet-secures-18m-to-drive-growth-and-expand-in-north-america/</link> <comments>https://siliconvalleyjournals.com/sifflet-secures-18m-to-drive-growth-and-expand-in-north-america/#respond</comments> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Thu, 19 Jun 2025 13:00:56 +0000</pubDate> <category><![CDATA[Funding]]></category> <guid isPermaLink="false">https://siliconvalleyjournals.com/?p=37091</guid> <description><![CDATA[Data observability platform Sifflet has raised $18 million in new funding, signaling strong momentum as demand for reliable data infrastructure continues to surge. The round was led by existing investors EQT Ventures and Mangrove Capital Partners, with Capmont Technology joining as a new backer. Founded in 2021 and officially launching its product in 2023, Sifflet […]]]></description> <content:encoded><![CDATA[<p>Data observability platform <a href="http://siffletdata.com/" rel="nofollow noopener" target="_blank">Sifflet </a>has raised $18 million in new funding, signaling strong momentum as demand for reliable data infrastructure continues to surge. The round was led by existing investors EQT Ventures and Mangrove Capital Partners, with Capmont Technology joining as a new backer.</p> <p>Founded in 2021 and officially launching its product in 2023, Sifflet has quickly emerged as a key player in data observability. Its platform stands out for blending technical and business context, enabling companies to monitor data quality and reliability at scale. With this new investment, Sifflet plans to accelerate its expansion in North America and continue advancing its AI-powered platform.</p> <p>The company has seen rapid growth over the past year, tripling both its customer base and revenue. Notable new clients in 2024 include St-Gobain, Penguin Random House, and Euronext, highlighting Sifflet’s growing appeal across industries.</p> <p>Sifflet’s unique approach treats data reliability as both an engineering and business challenge, which has resonated with large organizations. Pete Williams, Chief Data Officer at Penguin Random House, praised the platform for providing both depth and usability: “Their AI-native tools don’t just detect issues—they give our team the context to respond intelligently and efficiently.”</p> <p>CEO and co-founder Salma Bakouk noted that the company’s strategy is aligned with a broader shift in the market. “Reliable data is no longer optional. It’s a core requirement for AI-driven enterprises. With this funding, we’re doubling down on innovation, AI features, and our North American footprint to help more businesses build trust in their data.”</p> <p>Sifflet’s execution has earned continued investor confidence. “Backing a company once is a bet—backing it three times is conviction,” said Yannick Oswald of Mangrove Capital. “Sifflet is not just building a great product; it’s redefining how data-driven companies should operate.”</p> <p>To support its next growth phase, Sifflet has added two seasoned executives: Rémi Bastien, formerly of ContentSquare, will scale global operations, while Romain Doutriaux, ex-Pigment, will lead pipeline generation and go-to-market initiatives. Together, they’ll help Sifflet expand its reach and impact within enterprise data teams.</p>]]></content:encoded> <wfw:commentRss>https://siliconvalleyjournals.com/sifflet-secures-18m-to-drive-growth-and-expand-in-north-america/feed/</wfw:commentRss> <slash:comments>0</slash:comments> <media:content url="https://mma.prnewswire.com/media/2545859/Sifflet_SAS_Logo.jpg" medium="image"></media:content> <post-id xmlns="com-wordpress:feed-additions:1">37091</post-id> </item> <item> <title>Intel Lays Off Up to 3,000 Foundry Workers</title> <link>https://siliconvalleyjournals.com/intel-lays-off-up-to-3000-foundry-workers/</link> <comments>https://siliconvalleyjournals.com/intel-lays-off-up-to-3000-foundry-workers/#respond</comments> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Thu, 19 Jun 2025 12:57:37 +0000</pubDate> <category><![CDATA[Layoffs]]></category> <guid isPermaLink="false">https://siliconvalleyjournals.com/?p=37088</guid> <description><![CDATA[Intel is preparing to lay off between 1,500 and 3,000 employees in its Foundry Services division, part of a broader effort to restructure the business amid struggles to compete in the global chip manufacturing race. The cuts represent about 15% to 20% of the foundry workforce and are set to begin in July, with the […]]]></description> <content:encoded><![CDATA[<p>Intel is preparing to lay off between 1,500 and 3,000 employees in its Foundry Services division, part of a broader effort to restructure the business amid struggles to compete in the global chip manufacturing race. The cuts represent about 15% to 20% of the foundry workforce and are set to begin in July, with the Hillsboro, Oregon campus — Intel’s largest U.S. site — expected to be among the hardest hit.</p> <p>This move follows disappointing performance from Intel Foundry Services (IFS), the business unit launched in 2021 to rival major chip manufacturers like TSMC and Samsung. IFS generated just $952 million in revenue in 2023, a 33% year-over-year drop, and posted nearly $1.2 billion in operating losses. Despite deals with companies like AWS, Qualcomm, and Tower Semiconductor, the unit has struggled to attract substantial business and remains significantly behind competitors in advancing to leading-edge chip manufacturing technologies like 3nm and 2nm nodes.</p> <p>These layoffs are part of CEO Pat Gelsinger’s strategy to refocus Intel on its core strengths in engineering and product development. Intel is divesting from less profitable or non-strategic areas, including parts of its Network and Edge (NEX) group and FPGA unit Altera (which is currently being spun out via IPO). The company also previously exited its Optane memory business and laid off 15,000 employees in 2023, aiming to save $10 billion by 2025.</p> <p>Locally, the job cuts are expected to have a major impact. Intel is Oregon’s largest private employer, and Hillsboro Mayor Steve Callaway called the news “devastating,” urging Intel to work with regional support agencies to minimize disruption. Employees are expressing frustration over the lack of transparency and direction, with many taking to forums and social media to share concerns.</p> <p>Intel’s latest restructuring highlights the deep challenges it faces in regaining leadership in the global semiconductor industry, particularly as AI demand surges and rivals like NVIDIA and TSMC solidify their dominance.</p> <p><a href="https://medium.com/@ebimarojessica?source=post_page---byline--139625744650---------------------------------------" rel="nofollow noopener" target="_blank"></a></p>]]></content:encoded> <wfw:commentRss>https://siliconvalleyjournals.com/intel-lays-off-up-to-3000-foundry-workers/feed/</wfw:commentRss> <slash:comments>0</slash:comments> <media:content url="https://siliconvalleyjournals.com/wp-content/uploads/2023/01/Intel-Corporation.jpg" medium="image"></media:content> <post-id xmlns="com-wordpress:feed-additions:1">37088</post-id> </item> <item> <title>Juniper Square Raises $130M Series D at $1.1B Valuation</title> <link>https://siliconvalleyjournals.com/juniper-square-raises-130m-series-d-at-1-1b-valuation/</link> <comments>https://siliconvalleyjournals.com/juniper-square-raises-130m-series-d-at-1-1b-valuation/#respond</comments> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Mon, 16 Jun 2025 22:13:19 +0000</pubDate> <category><![CDATA[Funding]]></category> <guid isPermaLink="false">https://siliconvalleyjournals.com/?p=37084</guid> <description><![CDATA[Juniper Square, the leading provider of connected fund software and services for the private markets, has announced the close of its Series D funding round, raising $130 million and reaching a valuation of $1.1 billion. The round was led by Ribbit Capital, with major strategic backing from Fifth Wall, and participation from Redpoint Ventures, HighSage […]]]></description> <content:encoded><![CDATA[<p>Juniper Square, the leading provider of connected fund software and services for the private markets, has announced the close of its Series D funding round, raising $130 million and reaching a valuation of $1.1 billion. The round was led by Ribbit Capital, with major strategic backing from Fifth Wall, and participation from Redpoint Ventures, HighSage Ventures, Blue Owl Capital, and others.</p> <p>The new funding will fuel Juniper Square’s continued expansion and accelerate the development of <strong>JunieAI</strong>, the company’s purpose-built, enterprise-grade AI platform tailored specifically for general partners (GPs) in the private markets. JunieAI blends advanced large language model (LLM) capabilities with Juniper Square’s proprietary fund system of record, integrated workflows, and security infrastructure—empowering GPs to streamline operations, boost efficiency, and make smarter decisions, faster.</p> <blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>“JunieAI is built for the unique demands of private markets,” said Alex Robinson, CEO and Co-Founder of Juniper Square. “It’s more than just AI—it’s deeply embedded into our fund system of record and workflows to unlock real operational leverage for GPs.”</p></blockquote> <p>The Series D raise follows a period of exceptional growth for the company. Juniper Square’s fund administration arm has seen a compound annual growth rate (CAGR) exceeding 100% over the past three years, and now manages over 2,000 fund entities across a diverse set of investment strategies and structures.</p> <p>Private equity and venture capital firms are driving much of this momentum, with four of the company’s five largest customers coming from those verticals. In May, Juniper Square also expanded into Luxembourg, positioning itself to support cross-border operations and integrated fund administration for global clients.</p> <blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>“Juniper Square has become a critical infrastructure provider for the private markets,” said Micky Malka, Managing Partner at Ribbit Capital. “Their vision for AI in fund operations is transformative, and their platform is already deeply embedded across the industry.”</p></blockquote> <p>As Juniper Square continues to scale, this funding round ensures it can lead the next generation of innovation in private markets infrastructure—anchored by AI, automation, and a deeply integrated platform for fund managers and investors.</p>]]></content:encoded> <wfw:commentRss>https://siliconvalleyjournals.com/juniper-square-raises-130m-series-d-at-1-1b-valuation/feed/</wfw:commentRss> <slash:comments>0</slash:comments> <media:content url="https://siliconvalleyjournals.com/wp-content/uploads/2025/06/Juniper-Square.jpeg" medium="image"></media:content> <post-id xmlns="com-wordpress:feed-additions:1">37084</post-id> </item> <item> <title>Sedai Raises $20M Series B to Expand Self-Driving Cloud Infrastructure Platform</title> <link>https://siliconvalleyjournals.com/sedai-raises-20m-series-b-to-expand-self-driving-cloud-infrastructure-platform/</link> <comments>https://siliconvalleyjournals.com/sedai-raises-20m-series-b-to-expand-self-driving-cloud-infrastructure-platform/#respond</comments> <dc:creator><![CDATA[Editor]]></dc:creator> <pubDate>Mon, 16 Jun 2025 22:04:59 +0000</pubDate> <category><![CDATA[Funding]]></category> <guid isPermaLink="false">https://siliconvalleyjournals.com/?p=37076</guid> <description><![CDATA[Sedai, the pioneer behind the world’s first self-driving cloud platform, has announced a $20 million Series B funding round to accelerate the growth of its autonomous infrastructure operations technology. The investment was led by AVP (Atlantic Vantage Point), with participation from Norwest, Sierra Ventures, and Uncorrelated Ventures. Sedai is spearheading a new era in cloud […]]]></description> <content:encoded><![CDATA[<p><a href="https://sedai.io/" rel="nofollow noopener" target="_blank">Sedai</a>, the pioneer behind the world’s first self-driving cloud platform, has announced a $20 million Series B funding round to accelerate the growth of its autonomous infrastructure operations technology. The investment was led by AVP (Atlantic Vantage Point), with participation from Norwest, Sierra Ventures, and Uncorrelated Ventures.</p> <p>Sedai is spearheading a new era in cloud management by replacing manual operations with AI-driven automation. Much like how autonomous vehicles revolutionized transportation, Sedai’s platform uses intelligent agents to independently manage cloud environments—safely, continuously, and at scale.</p> <p>Already operating in live production, Sedai has performed more than 25 million autonomous actions, overseeing over $3 billion in cloud spend across hundreds of thousands of cloud services. Enterprise customers have saved more than $5 million annually, reclaimed over 22,000 hours of engineering time, and reported zero production incidents—establishing Sedai as one of the most trusted platforms for autonomous cloud operations.</p> <blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>“This isn’t future potential—this is real AI in action,” said Suresh Mathew, CEO and Founder of Sedai. “Just as Waymo showed that self-driving cars are real, Sedai proves that self-driving infrastructure is not only possible, but essential.”</p></blockquote> <p>Sedai seamlessly integrates with AWS, Microsoft Azure, and Google Cloud, using patented AI agents that learn and manage each environment’s unique behavior in real time. Users can initially observe its decisions before gradually shifting to full automation as confidence grows.</p> <h3 class="wp-block-heading">Key Features of Sedai’s Platform:</h3> <ul class="wp-block-list"><li><strong>Smart Scaling</strong>: Applies reinforcement learning to optimize resource allocation. Customers have cut Kubernetes costs by up to 65% and VM workloads by 28%.</li> <li><strong>Self-Healing</strong>: Instantly detects and resolves issues before they impact users—eliminating the need for alerts and manual fixes.</li> <li><strong>Continuous Optimization</strong>: Continuously improves infrastructure performance and efficiency, driving 6X increases in operational productivity and 30% better performance.</li></ul> <p>At the heart of Sedai’s platform is a patented Decision Engine that orchestrates a network of specialized AI agents focused on cost, latency, availability, and more. The engine leverages anomaly detection, causal inference, and seasonality modeling to adapt to ever-changing workloads and topologies.</p> <p>Sedai is already trusted by leaders in cybersecurity, financial services, pharmaceuticals, AI, and education—including the top cybersecurity company and a leading innovation-focused bank.</p> <blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>“Sedai transformed our cloud strategy,” said Matthew Duren, VP of Engineering at KnowBe4. “It cut our production spend by 50% and development spend by 87%. But beyond cost savings, it empowered me to focus on strategic priorities, becoming a more impactful leader.”</p></blockquote> <p>With the new capital, Sedai will scale its platform and launch groundbreaking new features, including self-tuning for LLM (large language model) applications, autonomous GPU optimization, and AI-driven orchestration for platforms like Databricks and Snowflake. The company is also expanding its sales and marketing efforts under the leadership of new Chief Revenue Officer Vaneet Bhaskar.</p> <blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>“As cloud adoption grows, enterprises need real-time optimization—not just monitoring,” said Manish Agarwal, General Partner at AVP. “Sedai’s AI agent-based approach is uniquely equipped to solve this challenge, and we’re proud to support their vision.”</p></blockquote> <p>Following a 7X revenue surge in 2024 and a 92% conversion rate from proof-of-concept to customer, Sedai is now doubling down on innovation and global expansion.</p> <blockquote class="wp-block-quote is-layout-flow wp-block-quote-is-layout-flow"><p>“Sedai doesn’t just reduce cloud costs—it changes how engineering teams operate,” said Tim Guleri, Managing Partner at Sierra Ventures. “It transforms cloud infrastructure from a burden into a strategic advantage.”</p></blockquote>]]></content:encoded> <wfw:commentRss>https://siliconvalleyjournals.com/sedai-raises-20m-series-b-to-expand-self-driving-cloud-infrastructure-platform/feed/</wfw:commentRss> <slash:comments>0</slash:comments> <media:content url="https://siliconvalleyjournals.com/wp-content/uploads/2025/06/Sedais-Leadership-Team.png" medium="image"></media:content> <post-id xmlns="com-wordpress:feed-additions:1">37076</post-id> </item> </channel></rss> If you would like to create a banner that links to this page (i.e. this validation result), do the following:
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