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 […]
The 13 biggest take-private PE acquisitions so far this year in tech Read More »
In addition to OpenAI’s new $6.6 billion megaround of funding at a post-money valuation of $157 billion, the outfit has secured a $4 billion revolving line of credit, it disclosed in a post Thursday night. The arrangement gives it “access to over $10 billion in liquidity, which gives us the flexibility to invest in new
OpenAI also secured a massive credit line Read More »
ChatGPT maker OpenAI has closed the largest VC round of all time. The startup today announced that it raised $6.6 billion in a funding round that values OpenAI at $157 billion post-money. Led by previous investor Thrive Capital, the new cash brings OpenAI’s total raised to $17.9 billion, per Crunchbase. Microsoft, Nvidia, SoftBank, Khosla Ventures,
OpenAI raises $6.6B and is now valued at $157B Read More »
Poolside, the AI-powered software dev platform, has raised half a billion dollars in new capital. The cash came in the form of a Series B led by Bain Capital Ventures, which also had participation from a who’s who of big tech firms including eBay (via eBay Ventures) and Nvidia. It brings Poolside’s total raised to
AI coding startup Poolside raises $500M from eBay, Nvidia and others Read More »
During COVID-19, Wiley Webb embarked on a year-long trip with his wife to try to figure out the most pressing issues in the food system. He talked to people at more than 70 farms and consistently heard that they wanted more buyers. Large buyers told Webb they wanted to find these farm suppliers but couldn’t
Permanent wants to permanently change where commercial buyers get their food Read More »
Women’s health company Perelel announced on Wednesday the acquisition of LOOM a women’s educational health platform, for an undisclosed amount. LOOM’s founder Erica Chidi will join Perelel as a strategic advisor. Chidi co-launched LOOM in 2017 as an in-person experience, offering women educational content about reproductive and sexual health education. By 2020, it expanded into
Femtech startup Perelel is acquiring Founders Fund-backed sexual health startup LOOM Read More »
A team of founders who sold their last company to Amazon to build a new business within AWS is setting out to reinvent the tricky business of backing up an organization’s cloud infrastructure. Today, Eon — as their new startup is called — is coming out of stealth with a product, a set of customers,
A U.K.-based, open-source startup is launching its first commercial product with the backing of one of Silicon Valley’s most renowned venture capital firms. Pydantic on Monday launched an observability platform called Logfire, five months after trialing it in open beta, and announced $12.5 million in Series A funding led by Sequoia. However, the company is
Sequoia backs Pydantic to expand beyond its open source data-validation framework Read More »
11x.ai, a startup that develops AI-powered sales development bots, has secured roughly $50 million in Series B funding, TechCrunch has learned. The new round was led by Andreessen Horowitz, valuing the company at around $350 million, multiple sources told TechCrunch. The recent deal follows the company’s $24 million Series A, which was led by Benchmark
11x.ai, a developer of AI sales reps, has raised $50M Series B led by A16Z, sources say Read More »
Silicon Valley accelerator Y Combinator held the second Demo Day for its Summer 2024 cohort on Thursday, and just like we saw on Day 1, AI remains the focus of most startups in this cohort. However, we did also find a few interesting startups that are working on cool tech like drones that can’t be
9 startups that stood out on YC Demo Day 2 Read More »
