Startups

LlamaIndex launches a cloud service for building unstructed data agents

Agents are the next big thing in AI. Some define these “agents” differently from others, but the general idea is, they’re AI-powered tools that can perform tasks autonomously. The agent hype has reached a fever pitch, but one startup was relatively early to the game: LlamaIndex. Founded by former Uber research scientists, Jerry Liu and

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Mach Industries, founded by 21-year-old Ethan Thornton, lands US Army contract, builds weapons factory

Sequoia-backed Mach Industries, the defense tech founded by 21-year-old Ethan Thornton, landed a contract with the U.S. Army and has plans for its first factory, Thornton told TechCrunch. The factory will be 115,000 square feet in Huntington Beach, California, where Mach’s headquarters is located, CEO Thorton said. While that sounds like an expensive zip code

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Ramp has more than doubled its annualized revenue to $700 million

Fintech startup Ramp has crossed $700 million in annualized revenue as of January of this year, according to a source familiar with the company’s internal operations. The company had crossed $100 million in annualized revenue before its third birthday in March 2022, passed $300 million by August 2023, and now effectively more than doubled that

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OpenAI’s startup empire: The companies backed by its venture fund

Since its founding in 2021, OpenAI Startup Fund has raised $175 million for its main fund and secured an additional $114 million through five separate special purpose vehicles, which are investment pools for specific opportunities. Unlike many sizable tech companies, OpenAI says it doesn’t use the company’s money to invest in startups.  The ChatGPT maker

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What is Mistral AI? Everything to know about the OpenAI competitor

Mistral AI, the French company behind AI assistant Le Chat and several foundational models, is officially regarded as one of France’s most promising tech startups and is arguably the only European company that could compete with OpenAI. But compared to its $6 billion valuation, its global market share is still relatively low.  However, the recent

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SymbyAI raises $2.1M seed to make science research easier

SymbyAI, a SaaS platform that uses AI to streamline scientific research, announced a $2.1 million seed round with participation from Drive Capital and CharacterVC, among others.  Launched just last year by Aisha Livaudais and Michael House, the platform provides organized workspaces for researchers to access papers, code, data, and experiences within one place. It helps

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Accounting hasn’t fully embraced AI yet. Quanta just raised $4.7M to change that

AI has brought attention to all kinds of futuristic technologies, from humanoid robots to autonomous warships. But there’s a quieter boom happening in a highly traditional industry: accounting. VCs are excited by the prospect of automating costly human labor with AI, funding companies like Numeric and Kick last year, to name a few.  The latest

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