Fundraising

Investors are already valuing OpenAI at over $100B on the secondaries market

Fundraising /

OpenAI is in talks to raise a new round of funding at an eye-popping $100 billion-plus valuation, sources told the Wall Street Journal this week. It turns out investors have already proven they are willing to value the company that high to get on OpenAI’s coveted cap table. Multiple companies that track or facilitate secondaries […]

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GitHub Copilot competitor Codeium raises $150M at a $1.25B valuation

Fundraising /

A startup whose product competes with GitHub Copilot and other AI-powered coding assistants has achieved unicorn status. On Thursday, Codeium said it closed a $150 million Series C round led by General Catalyst that values the company at $1.25 billion post-money. The round, which also saw participation from existing investors Kleiner Perkins and Greenoaks Capital,

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Data infrastructure startup Cribl raises $319M at a $3.5B valuation

Fundraising /

San Francisco-based data infrastructure startup Cribl has raised $319 million in a Series E funding tranche led by new investor GV (Alphabet’s corporate venture arm) with participation from GIC, CapitalG, IVP and CRV. Bringing Cribl’s total raised to $600 million, the cash injection values the company at $3.5 billion — up around 40% from Cribl’s

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The 12 biggest take-private PE acquisitions so far this year in tech

Fundraising /

The private equity realm has been pretty active so far in 2024, serving as a powerful “alternative” source of liquidity for technology startups and scale-ups in search of an exit. Just this month, TechCrunch reported that EQT had picked up a majority stake in cybersecurity firm Acronis at a valuation of around $4 billion, following

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VCs are so eager for AI startups, they’re buying into each others’ SPVs at high prices

Fundraising /

VCs are increasingly buying shares of late-stage startups on the secondary market as they try to get pieces of the hottest ones — especially AI companies. But they are also increasingly doing so through financial instruments called special purpose vehicles (SVPs). Some of those SPVs are becoming such hot commodities that they are commanding premium

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Tilt raises $18M Series A to build on its live-shopping app’s success

Fundraising /

Live-shopping has grown into a massive sector in Asia, but the phenomenon is yet to see similar uptake in Western markets. But two tech founders are hoping the growth-hacking skills they learned at Revolt will power up their startup in the U.K. live shopping arena, and now they have the confidence of major investors.  That

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Former Expedia exec’s startup uses AI to help smaller companies book travel

Fundraising /

Small businesses and startups often lack a dedicated travel desk, forcing executives and founders to rely on human assistants or consuming and cumbersome travel apps. Expedia’s former SVP of consumer product, Michael Gulmann, is betting on AI to bridge the gap. His company, Otto, emerges from stealth Thursday, with plans to launch an alpha version

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