Colossal Biosciences, known for its outlandish goal to resurrect the woolly mammoth by 2028, is claiming steady progress. Its evidence: genetically engineering mice to have mammoth-like fur. To engineer the woolly mouse, the company’s scientists found mouse versions of mammoth genes and then used CRISPR to edit mice embryos, Dr. Beth Shapiro, chief science officer […]

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Three key investors have left General Catalyst amidst a series of recent changes at the firm, which now describes itself as an “investment and transformation company,” TechCrunch has learned. The departed managing directors include Deep Nishar and Kyle Doherty, who co-led General Catalyst’s late-stage strategy known as Endurance, and Adam Valkin, one of the three […]

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Since its founding in 2021, OpenAI Startup Fund has invested in over a dozen startups, including many of the hottest startups in AI.

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Sequoia's Roelof Botha apparently sees another greed cycle brewing in venture capital where the least sophisticated investors could get hurt.

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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: […]

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Perplexity, the developer of an AI-powered search engine, is raising a $50 million seed and pre-seed investment fund, CNBC reported. Although the majority of the capital is coming from limited partners, Perplexity is using some of the capital it raised for the company’s growth to anchor the fund. Perplexity reportedly raised $500 million at a […]

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Khosla Ventures, a firm known for early investments in OpenAI, is raising $3.5 billion across three funds, The Wall Street Journal reported. That target is 17% larger than the firm’s previous 2023 fund haul of $3 billion.   About half of the new capital will be allocated to its ninth core venture fund. The remaining money will […]

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Afore Capital, a firm that claims to be the largest dedicated pre-seed investor, was founded on the idea that the first check into a new startup should be larger than what most accelerators and early-stage investors were offering. When Afore raised its third $150 million fund in 2022, the firm wrote checks ranging from $1 […]

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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 returning investor Kleiner Perkins, the people said. The new round comes just six months after Silicon Valley-based Codeium announced that […]

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Earlier this month, the Trump administration directed the National Institutes of Health (NIH) to impose limits on specific types of funding it provides to research institutions. Although a federal judge has temporarily blocked the policy change, government grants to early-stage biotech startups could still face delays or be eliminated entirely, said Chris Gibson, co-founder and […]

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Many venture industry observers have wondered whether Andreessen Horowitz, a firm that manages $45 billion, has its sights on eventually becoming a publicly traded company. Co-founder Marc Andreessen said he isn’t “chomping at the bit to take the firm public,” on this week’s Invest Like the Best podcast. But he discussed his goal of building […]

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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 […]

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With over 1,000 insurance companies in the U.S., figuring out how to get paid by each company is a complex challenge for doctors and hospitals. Each insurance may require slightly different information on medical claims, even for the same procedure. Incorrectly filed claims can lead to denied coverage, requiring manual resubmission and delayed payments. According […]

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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, […]

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Plaid, a company that connects bank accounts to financial applications, is working with Goldman Sachs on a deal to allow early-stage investors and employees to sell existing shares, which will raise between $300 million and $400 million, Bloomberg reported, citing sources. The tender offer, as such deals are called, will likely value the company lower […]

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Rapyd Financial Network is reportedly looking to raise $300 million in a new funding at a steep valuation cut from its 2021 high.

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On Thursday, President Trump asked Republican lawmakers to end tax breaks on carried interest.  The tax break allows private equity and venture fund managers to treat their earnings from investments at a lower capital gains rate, rather than as ordinary income.  The removal of the tax break would be a big hit to the VC […]

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For decades, the U.S. healthcare system has struggled to address the diet-related chronic illnesses affecting nearly half of all adults. That changed in recent years with the discovery of Ozempic and other GLP-1 drugs that help people lose weight. While insurance covers these medications, doctors frequently require patients to see a nutritionist as part of […]

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As a university student, Dalton Signor was troubled by how many people around him smoked or vaped, including his grandmother and 14-year-old sister. Signor (pictured center) felt that existing smoking-cessation medicines, whether patches, gums, or lozenges, are not very effective because they take too long to start working. “They take about 30 minutes to provide […]

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When accounting startup Bench abruptly failed last month, the shutdown was forced when the company’s lenders called in the startup’s loan. In late 2023, the digital freight company Convoy faced financial challenges, leading venture lending firm Hercules Capital to assume control of the company to recover its investments. Divvy Homes, which sold for about $1 […]

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