Heather Somerville Heather Somerville (215 Posts)

Heather Somerville is a business reporter covering venture capital and startups for the Bay Area News Group.

Oracle, Cisco step up cloud battle

As the cloud wars heat up, legacy companies Oracle and Cisco are challenging startups that have been steadily luring companies away from clunky old software and onto cloud programs. The announcement this week of new cloud platforms and investments from these Read More →

Online survey company Qualtrics nabs $1 billion valuation

Qualtrics is the latest software company to join the $1 billion club with a mega investment from Silicon Valley venture firms Sequoia Capital and Accel Partners. The online-survey creator on Wednesday announced a $150 million funding round from the two powerhouse venture Read More →

PayPal closer to adding bitcoin

PayPal is one step closer to embracing bitcoin, the cryptocurrency used by much of the tech community despite its volatility. The Internet and mobile payments company announced Tuesday that it struck a deal with three bitcoin payment service providers -- BitPay, Coinbase and GoCoin -- and that online Read More →

Snapchat snags Google PR exec Jill Hazelbaker

Snapchat, the mobile messaging app that's risen to social media prominence, has hired a former Google communications executive and political campaign press veteran to run its PR operations. London-based Jill Hazelbaker will join Snapchat to lead its communications and policy efforts,Read More →

Alibaba becomes world’s largest IPO, but stock dives

It's official: Alibaba is the world's largest IPO. The title was pretty much in the bag on Friday, when the Chinese Internet juggernaut raised $21.8 billion in a blockbuster public debut, Read More →

UC proposes $250 million venture fund for faculty- and student-led startups

The University of California has announced plans for a venture-capital fund to finance startups created on campuses, offering financial resources to the university-housed enterprise projects that VC firms often steer clear of. UC announced on Monday plans for a $250 million venture-capital Read More →

Plugin by Social Author Bio

Back to top