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EnCharge raises $100M+ to accelerate AI using analog chips
<p>EnCharge AI, a semiconductor startup developing analog memory chips for AI applications, has raised more than $100 million in a Series B round led by Tiger Global to spur its next stage of growth. The funding is significant partly because interest in AI is at an all-time high, but the high price of building and […]</p>
Rahul Patil
Feb 136 min read
Ulu Ventures sticks to its diversity strategy, raises $208M
<p>While large corporations like Google and Meta are curbing their DEI programs, Ulu Ventures, which just raised a fourth fund at $208 million, doesn’t plan to change its strategy of investing in diverse founders, the firm told The Wall Street Journal. Co-founded by Miriam Rivera, a Latina and former vice president and deputy general counsel […]</p>
Rahul Patil
Feb 121 min read
Security compliance firm Drata acquires SafeBase for $250M
<p>Drata, a security compliance automation platform that helps companies adhere to frameworks such as SOC 2 and GDPR, has acquired software security review startup SafeBase for $250 million. SafeBase co-founders Al Yang (CEO) and Adar Arnon (CTO) will retain their roles, and SafeBase will continue to offer a stand-alone product while bringing its core solutions to […]</p>
Rahul Patil
Feb 123 min read
Suger helps companies list and scale up on cloud marketplaces
<p>When cloud providers like Microsoft Azure and AWS launched cloud software marketplaces a decade ago, it opened up a new sales channel for software-as-a-service (SaaS) companies to get in front of potential enterprise customers. These marketplaces effectively enabled SaaS companies to bypass the traditional, lengthy sales cycles. But rarely is the seller-side experience a walk […]</p>
Rahul Patil
Feb 123 min read
SGNL snags $30M for a new take on ID security based on zero-standing privileges
<p>Security experts often describe identity as the “new perimeter” in the world of security: In the world of cloud services, where network assets and apps can range far and wide, the biggest vulnerabilities are often leaked and spoofed log-in credentials. A startup called SGNL has built a new approach that it believes is better at […]</p>
Rahul Patil
Feb 124 min read


SpotDraft taps AI to help streamline contract management
<p>More and more legal professionals are embracing AI, surveys show. Per a recent poll from legal tech company Clio, 79% of firms used some form of AI for casework last year, up from just 19% in 2023. Despite some skepticism of the tech, in-house counsel has shown an interest, as well, with one survey suggesting […]</p>
Rahul Patil
Feb 123 min read
Chestnut Carbon gets $160M to turn old farms into forests
<p>The company buys marginal and degraded farmland, plants them with native trees, and harvests the resulting carbon credits.</p>
Rahul Patil
Feb 122 min read
Founders Fund is about to close another $3B fund
<p>Founders Fund is on track to conclude fundraising of its third growth fund at the end of March, according to people close to the firm. The Peter Thiel-founded outfit is raising $3 billion, a source told TechCrunch and Axios also reported. The fund, which is intended primarily for additional investments in its successful late-stage portfolio companies, […]</p>
Rahul Patil
Feb 112 min read
Stripe mulls employee shareholder sale at $85B-plus valuation
<p>Stripe is in talks for another shareholder sale that could value the company at “at least” $85 billion, according to multiple reports and a source familiar with the matter. The Information first reported the news that the payments infrastructure giant is working to sell employee-owned stocks. The move would help workers gain some liquidity as […]</p>
Rahul Patil
Feb 111 min read
Mast Reforestation hatched a plan to restore wildfire-ravaged forests. Investors took notice.
<p>Mast enables reforestation without landowners needing to wait decades to harvest timber or claim carbon credits.</p>
Rahul Patil
Feb 113 min read
Google-backed Boston quantum startup QuEra raises $230M debt round
<p>Quantum computing, long relegated to the realm of the theoretical, feels like it is back on the agenda as a potentially viable alternative to the expensive race for even more computing power. On the heels of some notable advancements in quantum chips and error correction (two key hurdles for quantum computing), a startup out of […]</p>
Rahul Patil
Feb 114 min read


Voyantis aims to help companies figure out their customers’ worth
<p>How much is a customer worth to a company? That’s the eternal question. To arrive at an answer, customer and sales teams are often forced to use spreadsheets and other manual data analysis methods. The problem is, these methods tend to be slow and error-prone, leading to gaps in reporting processes. The challenge spurred two […]</p>
Rahul Patil
Feb 113 min read
Comulate raises $20M to help insurers work more smoothly
<p>Unimaginable disasters like the fires in Los Angeles cause hundreds of billions of dollars in destruction, and put a huge focus on the role the insurance industry plays in the process of rebuilding. Those events also lead to major financial losses at the insurance companies themselves, and longer term, all of this will put a […]</p>
Rahul Patil
Feb 113 min read


Archer Aviation doubles down on defense aircraft with $300M raise
<p>Escalating geopolitical tensions and a new administration with a hawkish defense agenda have led many startups to embrace dual-use strategies to secure revenue through military applications. It’s a trend that is already heating up in aerospace. Take Archer Aviation, a California-based startup building eVTOLs (electric vertical takeoff and landing vehicles). Until very recently, Archer’s go-to-market […]</p>
Rahul Patil
Feb 115 min read
Australian health tech startup Harrison.ai scores $112M Series C
<p>Medical imaging is crucial for the timely identification of serious diseases like cancer. However, manual interpretation of scans is a time-intensive process. Healthcare professionals increasingly use AI-powered tools for diagnostic purposes, as such technologies can be very effective in detecting and categorizing diseases. A Sydney, Australia-headquartered startup, Harrison.ai, has built AI-enabled medical diagnostic software and […]</p>
Rahul Patil
Feb 114 min read


AI investments surged 62% to $110B in 2024 while startup funding overall declined 12%
<p>Venture capitalists are gobbling up term sheets for startups peddling artificial intelligence, but they’re remaining picky when it comes to funding the wider spectrum of technology. According to new figures from analytics firm Dealroom, AI startups raised $110 billion last year, 62% more than the year before. At the same time, privately backed companies (startups […]</p>
Rahul Patil
Feb 113 min read
Fintech Rapyd seeks funding at $3.5B valuation, a steep drop from $9B
<p>Rapyd Financial Network is reportedly looking to raise $300 million in a new funding at a steep valuation cut from its 2021 high.</p>
Rahul Patil
Feb 72 min read


Startups face the recurring dilemma of whether to partner
<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. This first week of February was busy on the geopolitical front, as well as in the world of startups and VC news, with many announcements and significant […]</p>
Rahul Patil
Feb 74 min read
Laurene Powell Jobs joins Amazon in backing nuclear startup X-Energy in $700M round
<p>X-Energy is one of many nuclear startups to have benefitted from the AI-driven data center boom.</p>
Rahul Patil
Feb 72 min read
Superlogic raises $13.7M at a $200M valuation to help consumers use reward points toward cool ‘experiences’
<p>Superlogic, a startup that helps give consumers a way to apply rewards points toward experiences, has raised $13.7 million at a $200 million valuation, the company tells TechCrunch exclusively. Lin Dai, CEO and co-founder of Miami-based Superlogic, said his company’s technology is designed to “enhance the value of rewards points” by giving consumers a broader […]</p>
Rahul Patil
Feb 63 min read
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