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Silicon Valley Bank (SVB) is a US-based commercial bank that specializes in providing financial services to technology and life science companies, as well as venture capital and private equity firms. Founded in 1983 in Santa Clara, California, SVB has since expanded to become a global financial institution with offices in the United States, Europe, Asia, and the Middle East.
SVB offers a range of financial services to its clients, including deposit accounts, loans, credit cards, cash management services, and foreign exchange services. The bank also provides specialized services for startup companies, including venture debt and venture capital financing, as well as strategic advisory services.
As a bank that primarily serves the technology industry, SVB has a deep understanding of the unique challenges and opportunities faced by companies in this sector. The bank leverages this expertise to help its clients grow and scale their businesses, and has been instrumental in the success of many high-profile technology companies, including Google, Yahoo, and Facebook.
SVB has received numerous accolades for its innovative approach to banking, including being named the Most Innovative Bank of 2020 by The Banker magazine. The bank has also been recognized for its commitment to diversity and inclusion, and has received several awards for its support of women and minority-owned businesses.