When in mid-2022 Sarah Guo left Greylock to launch her own AI-focused fund, Conviction Partners, she indicated that she was tagging the word βPartnersβ to the firmβs name because she would eventually bring on other GPs. Now, more than two years later, Guo is being joined by Mike Vernal, who was a partner at Sequoia [β¦]
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Talk to many architects, and theyβll likely tell you that Autodeskβs software, including AutoCAD and Revit, has been indispensable to their work for decades. But despite their widespread use, Autodeskβs former co-CEO and chief product officer Amar Hanspal says that the architecture, engineering, and construction (AEC) industry is using 20th century tools to design 21st [β¦]
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8VC, a venture firm led by Palantir founder Joe Lonsdale, is seeking nearly $1 billion for its sixth fund, according to a regulatory filing. The Austin-based firmβs latest fund aims to raise nearly 14% more than its previous $880 million flagship vehicle, which closed in February 2023. TechCrunch has reached out to the firm for [β¦]
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SoftBank is negotiating a $500 million investment in Skild AI, a software company building a foundational model for robotics at a $4 billion valuation, Bloomberg and Financial Times reported. The two-year-old company raised its previous funding round of $300 million at a $1.5 billion valuation last July from investors including Jeff Bezos, Lightspeed Venture Partners, [β¦]
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LinkedIn founder Reid Hoffman and Siddhartha Mukherjee, cancer researcher and author of the book βThe Emperor of All Maladies,β have co-founded an AI-powered drug discovery startup, Manas AI. The company, which will initially focus on breast cancer, prostate cancer, and lymphoma, has raised $24.6 million in seed funding from Hoffman, General Catalyst, and Greylock. Manas [β¦]
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Companies that want to build AI voice into their products are rushing to work with ElevenLabs, the startup that develops synthetic voice technology like voice cloning and dubbing tools. Now ElevenLabs is turning up the volume on its business with a huge Series C raise, just a year after a sizable Series B. The New [β¦]
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Growing up with an OB-GYN father, Rachel Blank assumed that most women received excellent gynecological care.Β She regularly witnessed her dadβs patients thanking him for delivering their child when they would bump into him around town. But Blank realized that not all womenβs health issues are treated equally when, at the age of 21, she was [β¦]
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Seattle-based Madrona Ventures is celebrating its 30 years in business by raising $770 million in fresh capital. This is the firmβs largest fundraise to date, exceeding $690 million across two funds Madrona closed in 2022.Β While an 11% capital pool upsize may not seem significant, any increase at a time when many venture outfits are [β¦]
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Caffeinated Capital, a San Francisco venture firm started by a solo capitalist Raymond Tonsing, is raising a fifth fund of $400 million, according to a regulatory filing. The firm, an early investor in software company Airtable and defense startup Saronic, has already raised $160 million toward the fund. If Caffeinated hits its target, it will [β¦]
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Many proptech startups, born and funded during the low-interest-rate heydays, are in the throes of struggle. With investments into U.S.-based real estate startups falling from $11.1 billion in 2021 to $3.7 billion last year, according to PitchBook data, some are selling themselves off, while others are closing shop. The two most recent examples are the [β¦]
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After two years of relatively muted investment activity, it seems that VCs are starting to pour capital into startups at pandemic-era levels once again. But a closer look shows that they arenβt really. In the fourth quarter of last year, investors funneled $74.6 billion into U.S. startups, a substantial increase from the average of $42 [β¦]
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Colossal Biosciences wants to bring back the woolly mammoth and has raised $200 million at a $10.2 billion valuation to do it.
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The world of fashion is moving at a faster pace each year. Most retailers introduce new styles each season, and fast-fashion companies like Shein, H&M, and Zara update their collections continuously. To keep pace with the rapid demand for new styles, brands and manufacturers have been turning to tech to accelerate their design process. Raspberry [β¦]
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Over the last two years, Nvidia has used its ballooning fortunes to invest in over 80 AI startups. Here are the giant semiconductor's largest investments.
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Hippocratic AI, a startup building AI solutions that can handle non-diagnostic patient-facing tasks, secured a massive $141 million Series B at a valuation of $1.64 billion led by Kleiner Perkins, the company announced Thursday. The funding comes nine months after Hippocratic AI raised a $53 million round from General Catalyst and Andreessen Horowitz and five [β¦]
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Innovaccer has raised a $275M Series F from investors including B Capital Group, Banner Health, Danaher Ventures, Generation IM, Kaiser Permanente, and M12.
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Tran Le was an engineering student at Stanford University when she tried to enroll in a clinical trial for her chronic condition. Although she identified several promising trials, she found the sign-up process daunting β she had to have extensive email exchanges with clinical sites and complete lengthy 20-page forms. All that paperwork was so [β¦]
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H1, a healthcare data analytics platform serving the pharmaceutical industry with data on over 10 million healthcare professionals, has acquired Ribbon, a startup that helps patients find doctors that are supported by their insurance. Financial terms of the deal have not been disclosed. The last time that Ribbon β founded in 2016 and a Y [β¦]
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When you really probe venture capitalists about investing in AI startups, theyβll tell you that businesses are experimenting wildly but are very slow to add AI solutions into their ongoing business processes.Β But there are some exceptions. And one of them appears to be an area known as AI sales development representatives, or AI SDRs. [β¦]
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Real estate venture firm Fifth Wall is raising a new $500 million fund called Fifth Wall React, according to a regulatory filing.
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