Brittany Ennix first became interested in supply chains as a child. Her grandfather worked for the Ford glass manufacturing plant, where she says he gave her an appreciation for the complexity of building something. When Ennix moved to Silicon Valley and worked for Uber and later Flexport, her fascination for the industry grew, until she […]
For financial institutions, complying with regulations is becoming a costlier proposition. According to a recent poll, 76% of financial services firms increased their compliance expenditure from 2022 to 2023, with most blaming new laws. With the cost of compliance averaging out to around $10,000 per employee these days, many firms are searching for ways to
No one is putting the remote working genie back in the bottle. Which is good news for Oyster, a payroll and HR platform that specializes in distributed workforces – or “global employment” as its marketing paints it. The 2019-founded U.S. startup has just closed a $59 million Series D funding round led by Silver Lake
As remote working keeps rolling, Oyster raises $59M Series D at $1.2B valuation Read More »
VC firm Slauson & Co. has closed a $100 million Fund II, a big step up from its initial $75 million fund. “We invest in everybody,” Ajay Relan, partner at Slauson & Co., told TechCrunch, adding that the firm wants to make sure all perspectives are included in its products and services. Companies in its
Slauson & Co. raises $100M Fund II proving appetite for inclusion persists Read More »
Safe Superintelligence (SSI), the AI startup co-founded by former OpenAI chief scientist Ilya Sutskever, has raised over $1 billion in capital from investors including NFDG (an investment partnership run by Nat Friedman and SSI CEO Daniel Gross), a16z, Sequoia, DST Global and SV Angel. SSI told Reuters that it plans to use the tranche to
Ilya Sutskever’s startup, Safe Superintelligence, raises $1B Read More »
At Uber, Gurjit Pannu remembers moving billions in cash across bank accounts globally, realizing almost immediately the importance of effective cash flow management. Christian Sobkowski, meanwhile, recalls his days working in financial services, most notably at PayPal, where helped expand the company’s business across Europe. It’s no wonder then, that the two decided to come
India, despite being home to 20% of the world’s chip designers, lacks a significant presence in the global semiconductor market. However, in recent months, the Indian government has begun investing in an effort to establish the country in semiconductors, as companies worldwide have adopted a “China-plus-one” strategy, seeking alternatives to China. BigEndian Semiconductors aims to
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
Investors are already valuing OpenAI at over $100B on the secondaries market Read More »
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week was a bit of a carryover from the one before as Bolt’s drama keeps unfolding — another story to be continued. But capital also flew
Fundraising is a lot easier when you have traction Read More »
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,
GitHub Copilot competitor Codeium raises $150M at a $1.25B valuation Read More »
