fundraising

How emerging Mubadala-backed AAF is winning VC deals in some of the hottest startups

Venture /

It’s been almost a decade since Omar Darwazah and Kyle Hendrick launched AAF Management and its first fund of $25 million in 2017.  Rather than racing to dramatically increase their assets under management like many funds have in recent years, the partners have intentionally kept their fund sizes small, even as their reputation and returns […]

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A new search engine raises $1.1M to let obsessive fans dive down internet rabbit holes

Social /

Zehra Naqvi, 26, grew up as an obsessive fan girl in the 2010s.  This was the era of Tumblr and Twitter. She would stay up all night breaking down the release dates of Marvel movies or analyzing the movements of One Direction members. She eventually gained a collective 250,000 followers across the two platforms.  “Those

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A year after filing to IPO, still-private Cerebras Systems raises $1.1B

Enterprise /

Nvidia rival Cerebras Systems raised a new round of private financing despite its previous plan be trading on the public market by 2025.   Silicon Valley-based Cerebras announced it raised a $1.1 billion Series G round on Tuesday that valued the AI hardware company at $8.1 billion. The round was co-led by Fidelity and Atreides Management with participation from Tiger Global, Valor Equity Partners, and 1789 Capital, among others.   Cerebras,

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Doorstep raises $8M seed to help find missing food deliveries

Venture /

One day, Shashwat Murarka sat in his college apartment thinking about his relationship with food delivery. Sometimes, the order never arrived, and he had to wander through his apartment building, looking for the misplaced food. Other times, he found himself giving step-by-step directions to confused deliverers who, it seemed, were just as annoyed as he. 

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Alloy is bringing data management to the robotics industry

Startups /

Robotics companies often have to deal with a simple but confounding problem: Robots produce a lot of data. Even a simple robot can easily produce up to a terabyte of data per day, since  they continuously capture data from cameras and sensors. Sydney, Australia-based Alloy thinks it can help with that issue: the startup is building data infrastructure for robotics companies to help them process

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Figure reaches $39B valuation in latest funding round

Startups /

Humanoid robotics company Figure raised its largest round of funding yet, a sign of growing investor interest in robots designed to work alongside humans in warehouses, factories, and other settings. San Jose, California-based Figure announced on Tuesday that it raised a Series C funding round that values the company at $39 billion. The round, which

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Why SecurityPal is choosing ‘nuanced capital’ over more VC rounds

Startups /

During the venture capital crash of 2022, SecurityPal founder Pukar Hamal was just 14 months from running out of money. Rather than raise another round, he chose to restructure and focus on getting his business to profitability as quickly as possible — and he hasn’t raised since his $21 million Series A in 2021. On

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NeoLogic wants to build more energy-efficient CPUs for AI data centers

Hardware /

When NeoLogic started building its more energy-efficient CPUs for AI servers, folks in the industry told its founders Avi Messica and Ziv Leshem that their idea wasn’t viable. “Most of the people that we have met say it’s impossible,” Messica told TechCrunch. “Some of them told us, at the time, that the innovation is impossible

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In a world of vibe coding startups, Uno Platform is targeting enterprise developers

Fundraising /

Amid the rise of new AI-powered low code developer tools aimed at hobbyists and non-technical folks, Uno Platform is doubling down on enterprise developers instead. Montreal-based Uno Platform offers a suite of enterprise-grade tools for developers to build cross-platform .NET applications that can be supported on Android, Apple, Linux, and Windows systems. Users code an

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