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Fintech company Acorns closes Portland outpost, moves jobs to California

Technology News - Tue, 05/26/2020 - 18:14
Acorns opened a Portland office after it acquired Portland startup Vault Investing. Just last year the company was talking about big plans for its Portland office.

Houston-based web developer aims to hire for new employee-screening business

Technology News - Tue, 05/26/2020 - 17:14
A Houston-based developer launched a new business focused on safely returning to work.

49ers legend Steve Young's playbook for entrepreneurial success

Technology News - Tue, 05/26/2020 - 17:06
Steve Young on the football, Bill Walsh, entrepreneurship and accountability.

Peninsula biotech hikes IPO price targets by 28%

Technology News - Tue, 05/26/2020 - 16:56
Pliant Therapeutics Inc., a biotech that's developing treatments for fibrosis, set price targets Tuesday for an IPO in which it hopes to raise as much as $110.4 million. That's about 28 percent above the tentative amount that the South San Francisco-based company said it was aiming for earlier this month. The filing came a few days after another Bay Area biotech, Foster City-based Vaxcyte Inc., filed to raise up to $100 million in an upcoming IPO. There are now three Bay Area life science companies…

Claris CEO on how the Apple subsidiary is going 'on the offensive' against Covid-19

Technology News - Tue, 05/26/2020 - 16:55
Brad Freitag, who heads up Apple Inc. subsidiary Claris International, shared his plans for bringing employees back to the office and revealed how his "low-code" platform is helping healthcare providers.

Major bank raises its investment in S.F. fintech after layoffs

Technology News - Tue, 05/26/2020 - 16:47
“As we were thinking of how to control costs, we did not leave any stone unturned,” the company's COO said.

Pandemic not expected to ground tourism boost from historic SpaceX launch

Technology News - Tue, 05/26/2020 - 16:43
The launch will mark the first time humans have lifted off from the U.S. since 2011.

Coursera's cofounder's latest startup lines up $143M to move AI closer to drug development

Technology News - Tue, 05/26/2020 - 16:37
"We don't want to just answer questions better but ask better questions," says the cofounder of ed-tech company Coursera and former chief computing officer at aging diseases research company Calico.

Daphne Koller's Insitro lines up $143M to move AI closer to drug development

Technology News - Tue, 05/26/2020 - 16:31
"We don't want to just answer questions better but ask better questions," says the founder of ed-tech company Coursera and former chief computing officer at aging diseases research company Calico.

CEO Alex Karp says Palantir Technologies may go public within a year

Technology News - Tue, 05/26/2020 - 16:29
Palantir Technologies Inc. may go public within a year, despite the trepidations of CEO Alex Karp. The Palo Alto-based data analytics unicorn's co-founder said in an "Axios on HBO" interview that aired Monday night that the company's Wall Street debut has taken nearly 17 years because it needed time to build confidence in its products. "We were building products and we needed to kind of get enough of them out so that people would see the robustness of our company internally and externally," Karp…

Peninsula biotech hikes IPO price targets by 28%

Technology News - Tue, 05/26/2020 - 13:32
Pliant Therapeutics Inc., a biotech that's developing treatments for fibrosis, set price targets Tuesday for an IPO in which it hopes to raise as much as $110.4 million. That's about 28 percent above the tentative amount that the South San Francisco-based company said it was aiming for earlier this month. The filing came a few days after another Bay Area biotech, Foster City-based Vaxcyte Inc., filed to raise up to $100 million in an upcoming IPO. There are now three Bay Area life science companies…

SpaceX to make history with first astronaut mission to space station

Technology News - Tue, 05/26/2020 - 13:26
SpaceX is poised to make history on Wednesday with the first commercial launch of a spacecraft with astronauts onboard. The mission also marks the first crewed launch to the International Space Station from the United States since 2011 and sets the stage for regular trips to and from the space station, as well as NASA's ambitions to return to the moon and explore Mars and beyond. Wednesday's launch is actually a demonstration mission of SpaceX's human spaceflight system to be certified for NASA's…

Local tech community office space partially reopening

Technology News - Tue, 05/26/2020 - 13:25
Downtown San Antonio-based Geekdom LC, a tech-focused co-working space, reopened on May 26 to members that have office spaces and will reopen to all community members on Monday, June 8, it announced in a news release on Tuesday. Geekdom will take extra precautions by setting guidelines in place as it reopens, including mandatory check-ins upon entry to any office or community space where one will need to confirm that they do no have Covid-19 symptoms; request members wash or sanitize their hands…

Booz Allen steels for hazy Covid future

Technology News - Tue, 05/26/2020 - 13:17
The company closed its fiscal 2020 with strong growth, but looks to balance ongoing operations with the continued uncertainty of the coronavirus pandemic.

Splash Financial, a Cleveland startup that helps people save money on student loans, has raised $12.3 million

Technology News - Tue, 05/26/2020 - 13:08
Cleveland startup Splash Financial has raised $12.3 million in financing to expand its platform, which aims to help people save money on student loans. The series A round was led by CMFG Ventures LLC, the venture capital entity of CUNA Mutual Group, and Northwestern Mutual Future Ventures, the corporate venture capital arm of Northwestern Mutual. Splash said it will use the capital to continue to expand its national brand and add more lending partners. The company, which partners with credit unions…

Main Street Ventures looks for next round of grants, seeks new leader

Technology News - Tue, 05/26/2020 - 12:56
A longtime booster of Cincinnati's tech scene, and the original parent company of the Brandery startup accelerator, has been using its profits from successful investments to aid local businesses during the coronavirus pandemic.

Rice University business plan competition to go virtual for first time

Technology News - Tue, 05/26/2020 - 12:55
The in-person competition was canceled in early March amid coronavirus concerns.

Pandemic not expected to ground tourism boost from historic launch

Technology News - Tue, 05/26/2020 - 12:20
The launch will mark the first time humans have lifted off from the U.S. since 2011.

Tips to Covid-proof your office: Isolation rooms, temp screenings, smart technology and more

Technology News - Tue, 05/26/2020 - 12:08
Some recommendations would come off as outlandish if not for Covid-19, like taking everyone's temperature and throwing out doors. Yet the new virus is forcing a reckoning inside offices and building owners and tenants alike are facing retooled workspaces, social distancing and drastic policies to try to stop Covid-19 from rearing its germy head as people go back to work.

Northwestern Mutual, CUNA Mutual co-lead $12.3M investment in Cleveland startup

Technology News - Tue, 05/26/2020 - 11:18
Two of Wisconsin's largest financial services companies are investing in a Cleveland startup that developed a tech platform where college students can refinance their loans. The venture capital arms of Northwestern Mutual, the financial services and life insurance company in Milwaukee, and CUNA Mutual, the Madison company that provides insurance products to more than 95% of U.S. credit unions, co-led a $12.3 million Series A round in Splash Financial, the startup announced Tuesday. Splash recently…

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