The VC tech world was abuzz on Thursday when neobank Chime successfully became a public company. Chime raised $864 million on a its $27 share price, which popped big, opening at $43. This wasn’t the biggest IPO of the year. CoreWeave, for instance, raised $1.5 billion in March, and its first-day market cap hit around […]
Iconiq VCs spent two years courting Chime and the firm isn’t selling its stake Read More »
Generative AI models have demonstrated to app developers that combining a robust knowledge base with the right model can enable them to offer users services — once reliant on costly professionals like therapists or executive assistants — at a fraction of the price. Former VP of product at fitness company Whoop, Rami Alhamad, has a
Former Whoop exec’s new app Alma uses AI for all things nutrition Read More »
Just five months after announcing a new $100 million fund called Anthology Fund, Menlo Ventures and Anthropic have backed their first 18 startups. And they are looking for more. Menlo says these first 18 were selected from thousands of applicants. They include startups working on recruiting software; autonomous coding; interpretability research (understanding how models make
Menlo Ventures and Anthropic have picked the first 18 startups for their $100M fund Read More »
Accountants typically dread month-end and quarter-end closings. That’s because finalizing financial records for a specific period is generally a manual, error-prone and time-consuming endeavor. In 2020, Parker Gilbert (pictured above; middle) was so fed up with the tedium of managing finance and accounting at an early-stage startup that he decided to co-found Numeric, an accounting
Numeric grabs $28M Series A to automate accounting using AI Read More »
Silicon Valley VC firm Menlo Ventures, one of the biggest investors in artificial intelligence startup Anthropic, on Wednesday said the two companies are teaming up to set up a $100 million initiative dubbed “the Anthology Fund” to invest in pre-seed and Series A artificial intelligence companies. Menlo recently climbed to the top of Anthropic’s list
Menlo Ventures and Anthropic team up on a $100M AI fund Read More »
