Despite the growing chatter of an AI bubble, Sequoia Capital insists its investment approach is unswayed by the market frenzy. “Markets go up and down, but our strategy remains consistent. We’re always looking for outlier founders with ideas to build generational businesses,” said Bogomil Balkansky, a partner on Sequoia’s early-stage investment team. To prove this […]
Battery recycling and cathode production company Redwood Materials has raised $350 million as it grows its new energy storage business in a bid to power the AI data center boom. The Series E round, led by venture firm Eclipse, also included a new strategic investment by Nvidia’s venture capital arm, NVentures. The company’s valuation was
Redwood Materials raises another $350M to power up its energy storage business Read More »
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
How emerging Mubadala-backed AAF is winning VC deals in some of the hottest startups Read More »
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
A new search engine raises $1.1M to let obsessive fans dive down internet rabbit holes Read More »
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,
A year after filing to IPO, still-private Cerebras Systems raises $1.1B Read More »
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.
Doorstep raises $8M seed to help find missing food deliveries Read More »
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
Alloy is bringing data management to the robotics industry Read More »
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
Figure reaches $39B valuation in latest funding round Read More »
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
Why SecurityPal is choosing ‘nuanced capital’ over more VC rounds Read More »
Anna Monaco has been building AI agents since before the term “AI agents” was even a thing. After building numerous chatbots, she started looking for other types of interfaces that made sense for AI agents and landed on spreadsheets. “I had this personal pattern, and I noticed that a lot of other people had this
Why Paradigm built a spreadsheet with an AI agent in every cell Read More »
