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Foundation Capital, an early backer of Solana and Cerebras, raises $600M fund
<p>Foundation Capital has come a long way since it was forced to scale down its fund size from $750 million in 2008 to $282 million (its sixth main fund) in 2013. On Tuesday, the 30-year-old firm announced that it raised a $600 million eleventh flagship fund, which is 20% larger than the predecessor $500 million […]</p>
Rahul Patil
Mar 42 min read
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Didi reportedly seeking funds for self-driving unit at $5B valuation
<p>Chinese ride-hail firm Didi is on the hunt for fresh funds for its autonomous vehicle technology unit that could value it at $5 billion, according to Bloomberg News. Investor interest in self-driving cars is high in China on the backs of IPOs from WeRide and Pony AI, which have a market capitalization of $4.7 billion […]</p>
Rahul Patil
Mar 41 min read
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Swap banks $40M to build tools for merchants to deal with tariffs and other cross-border trading nightmares
<p>Cross-border trade could become significantly more challenging with the wave of new tariffs getting introduced across different markets. Today, in a timely piece of news, a London-founded startup called Swap — which is building tools for e-commerce companies to better navigate the cross-border trading world — is announcing $40 million in funding to expand. Iconiq […]</p>
Rahul Patil
Mar 43 min read
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LlamaIndex launches a cloud service for building unstructured data agents
<p>Agents are the next big thing in AI. Some define these “agents” differently from others, but the general idea is, they’re AI-powered tools that can perform tasks autonomously. The agent hype has reached a fever pitch, but one startup was relatively early to the game: LlamaIndex. Founded by former Uber research scientists Jerry Liu and […]</p>
Rahul Patil
Mar 43 min read
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Hotel management platform Mews books $75M round led by Tiger Global
<p>Despite clouds of uncertainty looming over the economy and geopolitics, people still want to travel. To meet that demand, Mews, an Amsterdam-founded “unicorn” building an SaaS platform for hotel management, has raised a fresh $75 million. The funding is coming at a crossroads in the travel industry. From one direction, the positive signals: Analysts at […]</p>
Rahul Patil
Mar 44 min read
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Cino cracks bill-splitting at the moment of payment, raises seed round
<p>While Venmo or Splitwise are effectively “debt collector” tools, which require one person to pay a full bill and then request funds from others, neither have cracked bill-splitting at the moment of payment. European startup Cino, which has come up with just such a product, has now raised €3.5 million in a seed-funding round led […]</p>
Rahul Patil
Mar 43 min read
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Dutch startup QuantWare seeks to fast-track quantum computing
<p>Big Tech companies aren’t sleeping on quantum chips: Amazon Web Services introduced Ocelot; Microsoft, Majorana; and Google, Willow. But although all of these can be considered to be breakthroughs, quantum startups often focus on more practical advancements — and they are making progress. Founded in 2020, Dutch startup QuantWare is one of these, which claims […]</p>
Rahul Patil
Mar 43 min read
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HackerPulse wants to help enterprises spot engineering bottlenecks
<p>HackerPulse builds dashboards of information pulled from engineering tools to show how and where engineers spend their time.</p>
Rahul Patil
Mar 33 min read
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Cloudsmith raises $23M to improve software supply chain security
<p>The software supply chain is notoriously porous: A reported 81% of codebases contain high- or critical-risk open source vulnerabilities. A single vulnerability can have a far-reaching impact on the wider software supply chain, as evidenced by the likes of the Log4Shell exploit that saw millions of applications exposed to potential remote code execution hacks via […]</p>
Rahul Patil
Mar 34 min read
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OpenAI’s startup empire: The companies backed by its venture fund
<p>Since its founding in 2021, OpenAI Startup Fund has invested in over a dozen startups, including many of the hottest startups in AI. </p>
Rahul Patil
Mar 14 min read
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Good hype for fusion, bad buzz for YC
<p>Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Hype can be good or bad. This week, we’ve seen startups on both sides of that fence — and being on the good side warranted large funding […]</p>
Rahul Patil
Feb 283 min read
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Archipelo comes out of stealth with $12M funding to secure human and AI-driven code
<p>When it comes to AI software, you can build something clever, but that’s not always the same as building something that is secure. With so much software now getting written by AI, having a window into its security can be a challenge. That’s the premise of Archipelo, a San Francisco-based cybersecurity startup that is today […]</p>
Rahul Patil
Feb 272 min read
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Workhelix taps years of research to help enterprises figure out where to apply AI
<p>AI has the power to transform how people work, but getting tangible value out of AI isn’t as easy as throwing any AI application at any workflow. It can be hard for enterprises to figure out which AI applications help their business and which are just hype. Workhelix wants to solve that problem. Workhelix is […]</p>
Rahul Patil
Feb 274 min read
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Shop Circle raises $60M to encircle e-commerce with an app suite
<p>The boom in e-commerce post-pandemic meant shops moved online. However, some merchants ended up with dozens of separate app providers to accommodate everything from supply chains, to inventory, to marketing. The founders of Shop Circle realized this and either built or bought many such apps. The company has now raised $60 million in a Series […]</p>
Rahul Patil
Feb 262 min read
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Inception emerges from stealth with a new type of AI model
<p>Inception, a new Palo Alto-based company started by Stanford computer science professor Stefano Ermon, claims to have developed a novel AI model based on “diffusion” technology. Inception calls it a diffusion-based large language model, or a “DLM” for short. The generative AI models receiving the most attention now can be broadly divided into two types: […]</p>
Rahul Patil
Feb 263 min read
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Continue wants to help developers create and share custom AI coding assistants
<p>A new startup wants to help developers create customized, contextual coding assistants that can connect with any model and integrate seamlessly with their development environments. Founded in June 2023 by CEO Ty Dunn and CTO Nate Sesti (pictured above), Y Combinator alum Continue has already garnered some 23,000 stars on GitHub and 11,000 Discord community […]</p>
Rahul Patil
Feb 266 min read
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Sweden’s Lovable, an app-building AI platform, rakes in $15M after spectacular growth
<p>Using generative AI to create software has been possibly the largest use case since it first appeared a couple years ago. But platforms like Cursor and Copilot are mostly confined to a world inhabited by trained engineers. Lovable, a Swedish AI startup, reached the front page of both Product Hunt and Hacker News last year […]</p>
Rahul Patil
Feb 252 min read
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DocUnlock wants to solve a customs bottleneck
<p>When goods enter the U.S., they have to be declared to U.S. customs so the importer can be charged the proper taxes. That applies to everything from a consumer ordering clothes from a brand based overseas to every single item on a massive container ship. When it comes to commercial importing, filling out the necessary […]</p>
Rahul Patil
Feb 253 min read
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Mitico raises $4.3M seed round to capture CO2 using ‘prehistoric chemistry’
<p>Mitico thinks that it has found a way to slash the cost of carbon capture using a simple salt that’s been tweaked for industrial duty.</p>
Rahul Patil
Feb 253 min read
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Quantum Machines raises $170M, says it’s working with more than half of all quantum computing companies
<p>Quantum computing remains a holy grail in the world of technology. But thanks to some important breakthroughs in the last several months, investors are betting on promising startups in the space to make the concept of super-efficient, particle- and electron-based computing a reality. Now, Quantum Machines, an Israeli startup that provides quantum control solutions to […]</p>
Rahul Patil
Feb 253 min read
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