Anysphere, the developer of AI-powered coding assistant Cursor, raised $100 million Series B at a post-money valuation of $2.6 billion, according to sources with knowledge of the deal. The round is being led by returning investor Thrive Capital, the person said. This new funding comes just four months after Anysphere raised its $60 million Series […]
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
After famed investor Marc Andreessen met with government officials about the future of tech last May, he was “very scared” and described the meetings as “absolutely horrifying.” These meetings played a key role on why he endorsed Trump, he told journalist Bari Weiss this week on her podcast. What scared him most was what some
U.S. government agencies legally hack into cellphones or emails all the time: think of the FBI wiretapping a suspected drug lord or the NSA monitoring emails for terrorism plots. But now, there’s rising interest in hacking other kinds of devices people often use like WiFi-connected security cameras and other IoT products. Toka, an Israeli startup
Las Vegas police have received funding for tech like drones, license plate readers, and more from Andreessen Horowitz partner Ben Horowitz. Next on its wish list? Artificial intelligence to go through police footage. The city’s Sheriff Kevin McMahill said on a podcast with Horowitz and partner Marc Andreessen that he wants to use AI to
Las Vegas Sheriff tells a16z partners what’s next on his wish list: AI for bodycams Read More »
Last summer, a twin-propeller plane touched down on the gray-cratered terrain of Nuuk, the capital of Greenland. A 28-year-old deboarded, ready to march into the Nordic parliament building with a bold proposition: “I went to Greenland to try to buy it,” Praxis founder Dryden Brown wrote in a viral tweet later. On the phone with
There isn’t a shortage of AI-powered coding assistance startups. They include Augment, Codeium, Magic, and Poolside. However, Cursor has become one of the most popular. Its developer, Anysphere, has seen its revenue grow from $4 million annualized recurring revenue (ARR) in April to $4 million a month as of last month, according to a person
Two of the biggest forces in two deeply intertwined tech ecosystems — large incumbents and startups — have taken a break from counting their money to jointly plead that the government cease and desist from even pondering regulations that might affect their financial interests, or as they like to call it, innovation. “Our two companies
Microsoft and A16Z set aside differences, join hands in plea against AI regulation Read More »
Infinite Machine turned many heads when it revealed its metallic, cyberpunk-style electric scooter in 2023. Now one of Silicon Valley’s biggest venture capital firms is backing the startup’s vision of filling the world’s cities with Infinite Machine’s futuristic vehicles in a big way. The New York-based startup has closed a $9 million seed round led
Infinite Machine raises $9M a16z-led round to convince Americans to buy scooters Read More »
It’s no secret that Stripe has doubled down on its crypto offerings, enabling crypto purchases in the EU back in July and announcing a Pay with Crypto feature earlier this month. This week, the fintech giant made its dedication even clearer with its largest deal to date: its acquisition of stablecoin platform Bridge for an
Stripe’s biggest acquisition yet, and what’s a16z doing with all of those Nvidia GPUs? Read More »
