Silicon Valley Bank

Silicon Valley Bank (SVB) is a commercial bank primarily serving the technology, life sciences, and venture capital sectors. Founded in 1983, it provides financial services like banking, loans, and investment to startups and growing companies. SVB is known for its deep understanding of the innovation ecosystem, supporting businesses from early-stage funding to public offerings. In March 2023, SVB faced a significant crisis due to liquidity issues, leading to its closure by regulators, which impacted many tech firms and raised concerns about the stability of banks serving rapidly evolving industries.