Even while the tech industry is still fanning its face over Figma’s hot IPO on Thursday, another significant tech IPO occurred this week: Ambiq Micro. On Wednesday, the chip maker for wearable devices saw its shares climb from the initial price of $24 to over $42 on Friday. There’s one thing both companies have in […]
Kleiner Perkins is having a very good week Read More »
Weeks after the revelation that Google paid Windsurf $2.4 billion to license its technology, while simultaneously hiring away its CEO and top talent, the deal’s implications are still rattling some founders and startup employees across Silicon Valley. Google’s payment to the startup was effectively split in two equal parts, according to two people familiar with
More details emerge on how Windsurf’s VCs and founders got paid from the Google deal Read More »
Ambiq Micro, a 15-year-old manufacturer of energy-efficient chips for wearable and medical devices, closed its first day of trading on Wednesday at $38.53 a share, a 61% increase from the $24 IPO price the company set the previous day. The success of the IPO signals strong investor demand in the public market for new small-cap
Kleiner Perkins-backed Ambiq pops on IPO debut Read More »
When Figma announced its initial hoped-for price range on Monday ($25-$28), it also revealed an unusual decision for its highly anticipated IPO. It will allow existing shareholders to sell more shares than the company plans to sell, by a high ratio. The company plans to offer about 12.5 million shares. Yet existing shareholders will be
Harvey AI, a startup that provides automation for legal work, has raised $300 million in Series E funding at a $5 billion valuation, the company told Fortune. The round was co-led by Kleiner Perkins and Coatue, with participation from existing investors, including Conviction, Elad Gil, OpenAI Startup Fund, and Sequoia. The financing comes just four months
Four months after a $3B valuation, Harvey AI grows to $5B Read More »
Legal tech startup Harvey is in discussions to raise more than $250 million in a funding round led by Kleiner Perkins and Coatue that would value it at $5 billion, Reuters reported, citing anonymous sources. Sequoia Capital, which led the startup’s $300 million Series D just three months ago, is also expected to invest in
Harvey reportedly in discussions to raise $250M at $5B valuation Read More »
Retym, a U.S. chipmaker with Israeli roots, has raised a fresh $75 million series D led by James Kuklinski of Spark Capital. Existing investors — Mayfield’s Navin Chaddha and Kleiner Perkins’ Mamoon Hamid — also participated, bringing its total raised to $180 million, it says. Retym is another startup benefiting from AI’s glow-up. It’s chips
After hitting record lows at the start of the pandemic, mortgage rates began to climb in 2022 and haven’t come down significantly since. With 30-year mortgage rates hovering at over 6.5% today (they were as low as 2.49% in 2020!), buying a home is simply not that attainable for many people. One Denver-based startup is
Codeium, an AI-powered coding startup, is raising a new round of funding at a $2.85 billion valuation, including fresh capital, according to two sources with knowledge of the deal. The round is being led by a returning investor Kleiner Perkins, the people said. The new round comes just six months after Silicon Valley-based Codeium announced
AI-coding startup Codeium in talks to raise at an almost $3B valuation, sources say Read More »
Hippocratic AI, a startup building AI solutions that can handle non-diagnostic patient-facing tasks, secured a massive $141 million Series B at a valuation of $1.64 billion led by Kleiner Perkins, the company announced Thursday. The funding comes nine months after Hippocratic AI raised a $53 million round from General Catalyst and Andreessen Horowitz and five
Hippocratic AI raises $141M for creating patient-facing AI agents Read More »
