Fundraising

Medal raises $13M as it builds out a contextual AI assistant for desktop

Fundraising /

Medal, a startup that is better known for its video game clipping product, just announced that it has raised $13 million at a valuation of $333 million from several investors, including Horizons Ventures, OMERS Ventures, peak6 and Arcadia Investment Partners. The company also unveiled Highlight, a new cross-platform desktop app that acts as a contextual […]

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Beeble AI raises $4.75M to launch a virtual production platform for indie filmmakers

Fundraising /

Visual effects (VFX) have emerged as essential in filmmaking and have transformed storytelling and creativity in the film industry with its diverse digital techniques. However, the high cost of VFX tools often leaves independent filmmakers and content creators working with modest budgets struggling to compete with larger productions. A new company, Beeble AI, is turning

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Floodgate’s Mike Maples explains how startups that most people ‘don’t like’ are the best ones to back

Fundraising /

Mike Maples Jr. is a prolific angel investor and co-founder of early-stage venture firm Floodgate. Over the years, he’s taken a lot of bets. Some have paid off handsomely (Twitter, Twitch, Lyft and Bazaarvoice, for example). Others have not. I interviewed him for a recent episode of Equity Podcast, and we dug into a number

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Index Ventures raises $2.3 billion for new venture and growth funds

Fundraising /

Index Ventures is announcing $2.3 billion in new funds to finance the next generation of tech startups globally. These new funds are spread across different stages with $800 million dedicated to venture investment and $1.5 billion set aside for growth and late-stage companies. How do these funds compare to the previous ones? In 2021, Index

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AI startup Hebbia rased $130M at a $700M valuation on $13 million of profitable revenue

Fundraising /

Hebbia, a startup that uses generative AI to search large documents and respond to large questions, has raised a $130 million Series B at a roughly $700 million valuation led by Andresen Horowitz with participation of Index Ventures, Google Ventures and Peter Thiel. And its funding demonstrates that 50x annual recurring revenue (ARR) is becoming

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NovoNutrients tweaks its bugs to turn CO2 into protein for people and pets

Fundraising /

The easiest way for a person to eat carbon dioxide is by consuming vegetables. David Tze wants his startup’s protein to be a close second. Tze’s company, NovoNutrients, has been working on a way to use microbes to turn carbon dioxide into protein that can be used in food for humans and feed for animals.

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OpenAI Startup Fund backs AI healthcare venture with Arianna Huffington

Fundraising /

Huffington Post founder Arianna Huffington and OpenAI CEO Sam Altman are throwing their weight behind a new venture, Thrive AI Health, that aims to build AI-powered assistant tech to promote healthier lifestyles. Backed by Huffington’s mental wellness firm Thrive Global and the OpenAI Startup Fund, the early-stage venture fund closely associated with OpenAI, Thrive AI

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Valuations of startups have quietly rebounded to all-time highs. Some investors say the slump is over. 

Fundraising /

Generative AI businesses aside, the last couple of years have been relatively difficult for venture-backed companies. Very few startups were able to raise funding at prices that exceeded their previous valuations.   Now, approximately two years after the venture slump began in early 2022, some investors, like IVP general partner Tom Loverro, are saying that the

Valuations of startups have quietly rebounded to all-time highs. Some investors say the slump is over.  Read More »