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Mountain View search company plans to raise $100M in IPO
Search software company Elastic NV is the latest Silicon Valley tech business to join the IPO parade. The Mountain View company filed a prospectus on Wednesday that said it plans to debut on the New York Stock Exchange with the ticker symbol of “ESTC.” Its subscription-based data search software is used by Uber, Adobe, Dell, Netflix, The New York Times and others Elastic NV said in its prospectus that it lost $18.6 million in the latest quarter despite a 79 percent jump in sales to $56.6 million.…
Home of the Day: Exquisite Luxury Nob Hill Condominium
By Nina Hatvany, Luxury Property Specialist Home of the Day is presented by the San Francisco Business Times with Pacific Union and Christie’s International. This is your invitation to view some of San Francisco’s most-luxurious properties. Come inside and take a look around. Click on the gallery image to view today’s featured property. 941081170 Sacramento Street #3C, San Francisco, CA | $3,270,000 This elegant and coveted condominium has been exquisitely renovated in a modern style and boasts…
Microsoft buys ‘huge piece of dirt’ in the Arizona desert
The tech company bought 272 acres of land west of Phoenix.
State Farm sets start date for Tacoma layoffs
State Farm plans to close its 1,400-employee office in Tacoma by the end of 2018.
San Mateo video game unicorn’s valuation doubles in $150M funding
Roblox Corp., a video game hub that says it will pay $70 million to developers this year, reportedly doubled its valuation in a $150 million funding round it disclosed on Wednesday. The San Mateo company hosts 40 million games that were made by its base of mostly young developers, some of whom say they have become millionaires from it. The revenue comes when users buy in-game perks such as virtual weapons upgrades. The Series F funding led by Greylock Partners and Tiger Global Management came at…
Harley-Davidson says it will open Silicon Valley R&D facility in late 2018
Harley-Davidson Inc. said Wednesday that will open a new research and development facility in Silicon Valley later this year, initially hiring about 25 people from the local market. The Milwaukee-based motorcycle company intends to use the facility to support the development of its newest electric bike line, LiveWire, which will hit the market in roughly 12 months. A Harley-Davidson spokesperson told to the Silicon Valley Business Journal that the company is “looking to lease property in the Silicon…
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