Startups

After causing outrage on the first day of Y Combinator, AI code editor PearAI lands $1M seed

On the first day of Y Combinator’s winter 2024 session — right after orientation and a photo in front of the YC sign — the founders of PearAI got “canceled,” as founder Nang Ang described it to TechCrunch, receiving an outpouring of online hate. But they survived and graduated the YC’s winter 2024 cohort earlier this […]

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VCs pledge not to take money from Russia or China, and Databricks raises a humongous round

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 full of news, likely because it is also the last “real” week of 2024. Which is another way for us to say goodbye for

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Backed by a16z and NEA, Backflip raises $30M Series A to turn text into AI-generated designs

What if it were as easy to generate a usable 3D design as prompting ChatGPT? That’s the mission of Backflip, a startup founded by 3D printing veterans that’s just scored $30 million from Andreessen Horowitz, New Enterprise Associates, and a host of other big names in tech.  Designing physical objects often requires hours or days

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$25 billion valuation Chime takes another step towards an IPO

As predicted, ServiceTitan’s wildly successful IPO is beckoning other fintechs to move forward on their own public debuts. Digital bank Chime has filed its confidential paperwork with the SEC, Bloomberg reports. It’s been prepping for this moment since it hired banker Morgan Stanley in September, with an eye to IPO in 2025.  The IPO won’t

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Indian startups raised 32% fewer rounds in 2024 as VCs got selective

Indian startups raised 32% fewer funding rounds in 2024 compared to last year, per new numbers from data intelligence platform Tracxn, signaling that investors are being more selective when striking deals. The number of startup funding rounds fell to 1,448 compared to 2,114 last year, but overall funding rose 6% to $11.3 billion — the

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Hauler Hero wants to bring waste management software into the 21st century

After nearly four years of working in sales at tradesperson software company ServiceTitan, Mark Hoadley (pictured above) was looking for a change and to potentially start something of his own in a similar industry. Hoadley’s brother-in-law, and now co-founder, Ben Sikma, was working on M&A in the waste management space at the time. Sikma discovered

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Building physical tech is back in fashion thanks to AI, robotics, and defense

When it comes to frontier technology, the interests of government and Silicon Valley are increasingly aligned. We’ve been watching a trend emerge where dual-use startups cut their teeth by solving defense, infrastructure, or intelligence problems for the government and then scale up by taking those products to the public. “The advantage the government has is

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Sam Altman-backed nuclear startup Oklo lands massive data center power deal, with caveats

Nuclear startup Oklo has signed a massive deal with data center operator Switch, but caveats abound. The new agreement would see Oklo building enough small modular reactors (SMR) by 2044 to generate 12 gigawatts of electricity for Switch’s data centers, which today serve a wide range of companies, including Google, Nvidia, Tesla, Paypal, JP Morgan

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The DOJ wants a Perplexity executive to testify in its Google antitrust case

A U.S. court ruled in August that Google has a search monopoly, and while Google appeals, the Justice Department is figuring out what kind of potential penalties to impose — like breaking off Chrome.  As part of this process, the DOJ wants to call on a specific witness, according to a recent court filing: Dmitry

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