Investor loyalty fades as VCs back both OpenAI and Anthropic
At least a dozen venture firms now back both OpenAI and Anthropic, signaling that traditional investor loyalty is almost dead in the high-stakes AI funding race.
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Startups & Funding
804 storiesQuantonation closes €220M fund for quantum startups
Quantonation Ventures has closed its second fund at €220 million, signaling that investor appetite for quantum technology remains strong despite warnings of a potential funding collapse.
InScope raises $14.5M to automate financial reporting
InScope raised $14.5 million in Series A funding to help companies automate financial reporting, though the platform is not yet fully automating income statements and balance sheets.
Peak XV raises $1.3 billion for India and Asia-focused funds
Peak XV has raised $1.3 billion for India and Asia-focused funds, expecting to invest the capital into AI and cross-border startups over the next two to three years.
The OpenAI mafia: Tracking the startups founded by former staff
Former OpenAI employees have founded a wave of high-value AI startups, with many raising billions in funding as the company reportedly eyes a $100 billion deal.
General Catalyst commits $5 billion to India over five years
General Catalyst plans to invest $5 billion in India over the next five years, significantly expanding its commitment to the country’s startup ecosystem.
Neo launches residency program with variable equity terms
Neo has launched a residency program offering $750,000 via uncapped SAFE, with equity stakes tied to future valuations rather than fixed percentages.
Nvidia deepens early-stage startup support in India
Nvidia is expanding its early-stage support for Indian AI startups through new partnerships, aiming to secure long-term compute demand in a fast-growing developer market.
OpenAI nears $100 billion funding round at $850 billion valuation
OpenAI is reportedly nearing a deal to raise more than $100 billion at a valuation that could exceed $850 billion, as the company begins testing ads in ChatGPT.
Mirai raises $10M to optimize on-device AI performance
London-based startup Mirai has raised a $10 million seed round led by Uncork Capital to build an inference engine that optimizes AI performance on consumer hardware.
Amari AI raises $4.5 million to automate customs brokerage
Amari AI raised $4.5 million to automate customs brokerage paperwork, helping firms manage trade compliance amid industry labor shortages and shifting trade policies.
Freeform raises $67 million to scale AI-native metal 3D printing
Freeform raised $67 million in Series B funding to scale its AI-native metal 3D-printing platform and expand its workforce by as many as 100 employees.
How to structure equity and hiring for early-stage startups
General Catalyst’s Yuri Sagalov advises founders to prioritize mission-driven early hires and structure equity splits to avoid future deadlocks while avoiding meddling investors.
Etsy sells Depop to eBay for $1.2 billion
Etsy is selling its secondhand clothing marketplace Depop to eBay for $1.2 billion in cash, marking another divestment as the company struggles to grow its core business.
World Labs secures $200M from Autodesk in $1B funding round
World Labs secured a $200 million investment from Autodesk as part of a $1 billion funding round to integrate world models into 3D design workflows.
Kana raises $15M to build flexible marketing AI agents
San Francisco-based Kana has raised $15 million in seed funding led by Mayfield to develop flexible, "loosely coupled" AI agents for marketing operations.
Venice raises $25 million to challenge identity security incumbents
Cybersecurity startup Venice raised $25 million in Series A funding to challenge incumbents like CyberArk by consolidating identity access management for cloud and on-premises environments.
Benchmark adds Jack Altman and his Alt Capital team
Jack Altman is joining venture capital firm Benchmark as a general partner, bringing his team from Alt Capital with him to the historically flat firm.
Thrive Capital raises $10 billion for its 10th fund
Thrive Capital has raised $10 billion for its 10th fund, nearly doubling its previous size, with $1 billion earmarked for early-stage investments.
Climactic launches Material Scale to fund materials startups
Climactic has launched Material Scale, a hybrid debt-equity vehicle backed by an $11 million SPV, to help materials startups scale by connecting them with bulk buyers.