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News releases from Silicon Valley Business Journal

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U.S. companies named 82 Latinx people to their boards in Q1, a 331% year-over-year jump
Amid growing pressure to increase diversity in their boardrooms, Apple and other U.S. companies named dozens of new Latinx directors in the first quarter. 
Tags Career & Workplace Diversity, Equity and Inclusion Human Resources
From Business Journals
HP aims to achieve zero net greenhouse gas emissions by 2040
The Palo Alto computer and printer giant joins a growing list of corporate giants to pledge to be kinder to the environment. 
Tags Technology Environment
From Business Journals
Sunnyvale cloud data uncorn Druva more than doubles valuation in $147M funding
The company plans to grow its 800-person work force by more than 50% in the next two years. 
Tags Startups Venture capital Technology
From Business Journals
Silicon Valley unemployment rate drops to November 2020 levels
Silicon Valley's unemployment rate hit 5.1% in March, its lowest showing since November 2020, according to an analysis conducted by Joint Venture Silicon Valley and the Institute for Regional Studies. 
Tags Coronavirus Human Resources Health Care
From Business Journals
Former Tesla engineer settles lawsuit with company over Autopilot code
The lawsuit filed in 2019 said that a former Autopilot engineer copied its source code before joining the Mountain View unit of Chinese self-driving car startup Xpeng Inc. 
Tags Technology Automotive Startups
From Business Journals
Silicon Valley commuters can now use their iPhones to pay BART, Caltrain and VTA fares
You can now store your Clipper card in the Wallet app on your iPhone or Apple Watch and add value to it through Apple Pay. 
Tags Transportation Logistics & Transportation Local Transit
From Business Journals
Palo Alto-based AppLovin valued at $28.6B after scoring $2B in IPO
AppLovin is the 22th Bay Area operating company to go public in 2021 in what is shaping up as the biggest year for that since the dot-com era of the late 1990s and early 2000s. 
Tags Technology Venture capital Startups
From Business Journals
VMware is spinning off from Dell Technologies and will pay out a $12 billion cash dividend
VMWare will maintain after the move a partnership with Dell, which has helped boost its sales. 
Tags Technology Software
From Business Journals
Bay Area business leaders join opposition to voting limits
The business leaders signed the statement amid Republican efforts to push through new election rules in almost every state. 
Tags Technology Venture capital Politics
From Business Journals
Apple to hold latest virtual product launch next week
The iPhone maker finally announced the date of its Spring event — April 20. 
Tags Personal Technology Technology
From Business Journals
Silicon Valley Organization names Derrick Seaver as its new president and CEO
The search by San Jose's chamber of commerce for a new CEO is over. 
Tags Career & Workplace Human Resources
From Business Journals
Longtime Warriors exec to replace Rick Welts as president and COO
The announcement comes just days after Welts announced his retirement. 
Tags Sporting Venues Sports Business Professional Sports
From Business Journals
AI tech startup and Nvidia rival SambaNova scores $676M at $5B valuation
SoftBank's Vision Fund 2 led the latest round for Palo Alto-based SambaNova, which has developed AI chips and software and a way to tightly integrate the two. 
Tags Startups Technology Venture capital
From Business Journals
Mountain View-based Nuro to make driverless pizza deliveries with Domino's
Nuro was founded by a pair of ex-Googlers and was valued at $5 billion in a funding round late last month. 
Tags Food & Lifestyle Technology Retailing
From Business Journals
Where can a leader find an objective perspective on their work?
Leaders can find objective outside views of their work and performance by finding advisers they trust. 
Tags Human Resources Marcia Daszko Career & Workplace
From Business Journals
Bay Area unicorn births exploded in Q1. Here are the 10 top ones
Nearly half of all new unicorns in the country so far this year are from the Bay Area and the region accounts for 29% of all of the new ones created worldwide. 
Tags Startups Venture capital Technology
From Business Journals
Box CEO Aaron Levie steps down as chaiman after KKR invests $500M
The moves by the Redwood City cloud services company come after it was reportedly being pressured by activist investor Starboard Value LP, its biggest outside shareholder. 
Tags Technology Private equity Mergers and Acquisitions
From Business Journals
Bay Area sees plenty of new billionaires join list of world's richest
See who among the region's business leaders and entrepreneurs made the latest ranking of billionaires from Forbes. 
Tags Career & Workplace Technology Human Resources
From Business Journals
Palo Alto mobile game unicorn AppLovin targets $30B valuation in IPO
The mobile app and gaming company hopes to raise as much as $2.13 billion in its offering 
Tags Technology Venture capital Startups
From Business Journals
Mountain View open source software unicorn Redis Labs doubles valuation in $110M funding
This is the second megafunding in eight months for the company, which is now valued at about $2 billion. 
Tags Venture capital Technology Startups
From Business Journals
Shares of lidar maker Innoviz jump nearly 11% after SPAC merger
The Israel-based company, which has an office in Santa Clara, raised $371 million by merging with Collective Growth Corp. 
Tags Venture capital Technology Automotive
From Business Journals
Archer Aviation discloses government probe in the wake of Wisk lawsuit
Archer disclosed the investigation when asked for a response to the intellectual property lawsuit filed against it by Wisk earlier on Tuesday. 
Tags Aviation Startups Technology
From Business Journals
Wisk, Larry Page's air taxi startup, has launched a patent fight against Palo Alto-based Archer Aviation
Archer, which plans to go public in a $3.8 billion merger with a "blank check" company, includes about 10 former Wisk workers on its 100-person team. 
Tags Startups Mergers and Acquisitions Aviation
From Business Journals
Palo Alto self-driving tech startup Gatik partners with Isuzu on delivery trucks
The company said it will develop and evaluate fully autonomous medium-duty internal combustion trucks with the Japanese vehicle maker. 
Tags Automotive Venture capital Technology
From Business Journals
San Mateo chat, messaging startup Sendbird joins unicorns with $100M funding
The company is the latest business from Silicon Valley and Y Combinator to top $1 billion in value after nearly doubling what investors estimate it to be worth. 
Tags Technology Venture capital Startups
From Business Journals
Enjoy Technology, headed by ex-Apple Store chief Ron Johnson, may go public via Chicago Cubs' owner's SPAC
Enjoy, which hand delivers and configures gadgets on behalf of Apple and AT&T, would be valued at $1.6 billion in the merger. 
Tags Startups Retailing Technology
From Business Journals
Supreme Court sides with Google in high stakes Oracle copyright infringement fight
Oracle won two lower court decisions and had sought as much as $9 billion, but all of that has now been overturned by the Supreme Court. 
Tags Technology
From Business Journals
Innoviz set to begin trading Tuesday as fifth lidar company to go public via SPAC merger
All of these companies offer radar-based sensor technology used to guide self-driving vehicles that also has uses in factory and other applications. 
Tags Technology Mergers and Acquisitions Startups
From Business Journals
Report: Argo AI considering going public later this year
The company, which has operations in Mountain View and San Francisco, was last valued at $7.25 billion in June 2020. 
Tags Venture capital Automotive Technology
From Business Journals
Have a plan for your valuable time — it'll help you focus
Planning is an essential task for leaders — make time for that, instead of just going from task to task all day. 
Tags Marcia Daszko Human Resources Career & Workplace
From Business Journals
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