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News releases from Silicon Valley Business Journal

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Santa Clara County blames feds for bad info on limited Covid vaccine supply
Santa Clara County is expanding Covid vaccination sites even though it doesn't have sufficient vaccine 
Tags Coronavirus Health Care Government & Regulations
From Business Journals
Podcast: Social media giants' moves against Trump spur great debate
On this week's Silicon Insider Podcast: An intense debate about the implications of the growing censorship of speech by the big social networks. 
Tags Startups Elon Musk Technology
From Business Journals
Airbnb, DoorDash, Wish among Bay Area's 10 biggest Q4 exits last year
A big drop in the number of M&A deals in the Bay Area last year was offset by companies taking advantage of new ways to go public. Here are the 10 who enjoyed the biggest exits in the fourth quarter of... 
Tags Mergers and Acquisitions Venture capital Technology
From Business Journals
Bay Area software startup Harness hits $1.7B valuation with $115M funding
The new unicorn offers a platform for software delivery and is led by Jyoti Bansal, the founder of AppDynamics. He sold that company to Cisco for $3.7 billion a day before it was scheduled to go public... 
Tags Sauce Labs Technology Cloudera, Inc/
From Business Journals
Ames Research Center scientist pleads guilty to lying about Chinese IP secrets program
A Bay Area-based senior NASA scientist pleaded guilty Wednesday to federal charges that he lied to authorities who were investigating a Chinese government program aimed at securing sensitive... 
Tags Technology Government & Regulations Aerospace
From Business Journals
These 10 VC-backed Bay Area companies raised the most at the end of a record year
About $61.3 billion was raked in by VC-backed businesses in the Bay Area, according to PitchBook Data, trailing only 2018 when $66.8 billion in funding happened. But funding nationally topped $150... 
Tags Technology Startups Venture capital
From Business Journals
Santa Clara County has ambitious Covid vaccination goal, but very little vaccine
Can Santa Clara County vaccinate 13,000 people a day between now and Aug. 1? 
Tags Health Care Coronavirus Joe Simitian
From Business Journals
Intel switch: Bob Swan out, VMware's Pat Gelsinger in as CEO
The moves come about a month after Dan Loeb’s Third Point hedge fund called for Intel's board to consider "strategic alternatives" in the wake of losing market share to competitors who include Advanced... 
Tags Semiconductors Technology
From Business Journals
Qualcomm scoops up Apple vets' Santa Clara chip startup Nuvia for $1.4B
The price is a 159% premium above what Santa Clara-based Nuvia Inc. was valued at when it raised funding in September, according to PitchBook Data. 
Tags Gerard Williams III John Bruno Cristiano Amon
From Business Journals
Affirm raises $1.2B in target-topping IPO
The first major tech offering of the year topped a target range it boosted on Monday by $5 a share, raking in about $123 million more than expected. 
Tags Startups Technology Venture capital
From Business Journals
McAfee cuts staff in San Jose, including 3 vice presidents
The San Jose cybersecurity company is reportedly making cuts elsewhere, including a closure in Israel. 
Tags Cybersecurity Technology
From Business Journals
Tesla competitor Lucid Motors may go public via SPAC merger
The company that's led by Tesla's former chief engineer reportedly could be valued at up to $15 billion in the deal. 
Tags Automotive Technology Startups
From Business Journals
Santa Clara-based Achronix Semiconductor to go public in SPAC merger
The 16-year-old fabless chip business said it will get about $150 million in a PIPE (private investment in public equity) and will be valued at about $2.1 billion after it merges. 
Tags Venture capital Semiconductors Technology
From Business Journals
Apple's self-driving electric vehicle is at least five years away, engineers say
It looks like Apple has been working in earnest on its self-driving electric car project, but insiders say it'll be several years before it can challenge Tesla, Lucid, GM and other carmakers. 
Tags Transportation Logistics & Transportation Stuart Bowers
From Business Journals
Santa Clara-based Volterra scooped up in $500M deal
Santa Clara-based Volterra had only raised $50 million in funding since it launched in 2017 and was reportedly valued at about $175 million in its last round in 2019. 
Tags F5 Networks Inc/ Mergers and Acquisitions François Locoh/Donou
From Business Journals
Clover Health goes public after merger with SPAC led by Chamath Palihapitiya
The San Francisco-based provider of Medicare Advantage health plans began trading on Nasdaq Friday with the symbol of CLOV and a valuation of $6.7 billion. 
Tags Health Insurance Mergers and Acquisitions Chamath Palihapitiya
From Business Journals
Santa Clara County fines Kaiser Permanente for Christmas tree Covid outbreak
Officials say Kaiser failed to report positive Covid tests in the workplace within the required four-hour timeframe. 
Tags Sara Cody Insurance Coronavirus
From Business Journals
Fire destroys vacant building in downtown San Jose, home to former Chacho's restaurant and Cinebar
The cause is not currently known, and no injuries have been reported. 
From Business Journals
SoFi is the next unicorn going public via Chamath Palihapitiya's SPACs
It's the fourth company that Palo Alto-based Social Capital Hedosophia has taken public through reverse mergers. 
Tags Mergers and Acquisitions Banking & Financial Services Venture capital
From Business Journals
Bay Area’s first IPO IPO of 2021 raises $400M for an Altimeter Capital SPAC
It is the second special purpose acquisition company (SPAC) from Menlo Park-based Altimeter Capital, following one that raised $450 million in October. 
Tags Venture capital Startups Technology
From Business Journals
Gaming unicorn Roblox raises $520M, opts to go public via direct listing
The funding round values the San Mateo company at $29.5 billion, more than seven times where it was valued in a round it raised last February. 
Tags Venture capital Technology Startups
From Business Journals
Trump's video message on D.C. rioting prompts Facebook, Twitter, YouTube to take action
Facebook and YouTube removed the president's message about riots at the nation's Capitol while Twitter placed restrictions on the tweet containing the video. 
Tags Government & Regulations Politics Social media
From Business Journals
Hinge Health lands $300M, becomes second Bay Area life science unicorn of 2021
A whopping funding round brings the company's valuation to an estimated $3 billion. 
Tags Private equity Health Care Venture capital
From Business Journals
Covid-19 outbreak among Kaiser San Jose staff grows
The number of emergency department employees Kaiser Permanente San Jose Medical Center who tested positive for Covid-19 has risen from 44 to 60. 
Tags Human Resources Insurance Career & Workplace
From Business Journals
Poshmark sets targets for IPO at more than double its valuation
The Redwood City fashion resale marketplace swung to a profit last year during the pandemic. 
Tags Startups Technology Retailing
From Business Journals
As employee mental health buckles, Nvidia among companies that bolster services
Like other companies, Nvidia is seeing signs that its employees need mental health support more than ever before. 
Tags Beau Davidson NVIDIA Corporation Deepa MacPherson
From Business Journals
Santa Clara-based Dremio is Bay Area's first new unicorn of 2021 after $135M funding
A Santa Clara company that prominently displays a narwhal — the "unicorn of the sea" — as its logo is now the first unicorn of Silicon Valley for 2021. 
Tags Venture capital Startups Billy Bosworth
From Business Journals
Santa Clara-based Cardiva Medical plans $75M IPO
The company was founded in 2002 and sells two devices — one launched in 2014 and another last year. They are designed around a catheter-based delivery system it says is easy to use and reduces... 
Tags Health Care Technology Startups
From Business Journals
QuantumScape Corp., last year’s hottest new Silicon Valley stock, lost over half its value already in 2021
The San Jose battery maker was valued last month at nearly $50 billion — more than Ford Motor — but has dropped to less than $20 billion this week. 
Tags Startups Technology Venture capital
From Business Journals
Nominations extended for Latinx Business Leadership Awards program
You now have until January 18 to tell us about an outstanding Latinx business professional or a Silicon Valley-based company that's demonstrated a commitment to its Latinx employees. 
Tags Human Resources Career & Workplace
From Business Journals
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