funding

How 2 UC Berkeley dropouts raised $28 million for their AI marketing automation startup

Startups /

AI-powered marketing automation startup Conversion, founded five years ago by two UC Berkeley dropouts, has raised a $28 million Series A led by Abstract, with participation from True Ventures and HOF Capital. The company’s founding story sounds like it could have been an episode of the HBO show “Silicon Valley.” The story begins all the […]

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How 2 UC Berkeley dropouts raised $28M for their AI marketing automation startup

Startups /

AI-powered marketing automation startup Conversion, founded five years ago by two UC Berkeley dropouts, has raised a $28 million Series A led by Abstract, with participation from True Ventures and HOF Capital. The company’s founding story sounds like it could have been an episode of the HBO show “Silicon Valley.” The story begins all the

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The perfect pitch: This NEA partner says every founder should answer these 5 questions

Venture /

Most founders eventually have to pitch venture firms in hopes of raising capital. Tiffany Luck, a partner at NEA, took the stage at TechCrunch’s All Stage event in Boston to answer how to craft the perfect one. “I like to think of a VC pitch as your initial way for assessing founder-investor fit,” she told

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Substack raises $100M from Chernin Group, Andreessen Horowitz, Skims CEO and more

Fundraising /

Substack announced on Thursday that it has raised $100 million in Series C funding led by investors at BOND and The Chernin Group (TCG). The round included participation from Andreessen Horowitz, Rich Paul, CEO and founder of Klutch Sports Group, and Jens Grede, CEO and co-founder of Skims. The New York Times reports that the

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Sam Altman-backed Coco Robotics raises $80M

Robotics /

Los Angeles-based Coco Robotics, a startup building last-mile delivery robots, announced it raised $80 million on Wednesday. The funding round included angel investors Sam Altman and Max Altman, both returning investors, in addition to VC firms like Pelion Venture Partners and Offline Ventures, among others. This brings the company’s total funding to more than $120

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North America takes the bulk of AI VC investments, despite tough political environment

AI /

Despite what some experts have characterized as an environment increasingly hostile to AI R&D, North America continues to receive the bulk of AI venture dollars, according to data from investment tracker PitchBook. Between February and May of this year, VCs poured $69.7 billion into North America-based AI and machine learning startups across 1,528 deals. That’s

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A new startup called Bono aims to modernize the way people donate to charities 

Startups /

Every year, donors contribute billions of dollars to charities, yet the donation process still feels outdated and cumbersome. Founders Dan Eblagon and Ron Levy believe there is an easier way to donate, leading to the creation of Bono, a platform designed to facilitate a more modern and streamlined approach to giving.  The platform (named after

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Capsule captures $12M to build the next version of its AI video editor for brands

Startups /

Capsule is upgrading its AI-powered video editing assistant for marketing, sales, and media teams following the close of a $12 million round of Series A funding, the company announced on Wednesday. The upgraded editor will include new features like AI suggestions and support for real-time collaboration. The new version of its studio software will feature

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Conifer locks down $20M seed round for its ‘drop-in’ electric hub motor

Venture /

A handful of engineers who worked at Lucid Motors and on Apple’s electric car project have launched a new startup that puts a fresh spin on electric hub motors. The new startup, called Conifer, has developed its motor to be free of rare earth elements by using more abundant ferrite magnets, which the company says

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