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Ex-Twitch CEO Emmett Shear is founding an AI startup backed by a16z

19 December 2024 at 12:33

Emmett Shear, the former CEO of Twitch, is launching a new AI startup, TechCrunch has learned. The startup, called Stem AI, is currently in stealth. But public documents show it was incorporated in June 2023, and filed for a trademark in August 2023. Shear is listed as CEO on an incorporation document filed with the […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

In just 4 months, AI coding assistant Cursor raised another $100M at a $2.5B valuation led by Thrive, sources say

19 December 2024 at 11:15

Anysphere, the developer of AI-powered coding assistant Cursor, raised $100 million Series B at a post-money valuation of $2.6 billion, according to sources with knowledge of the deal. The round is being led by returning investor Thrive Capital, the person said.Β  This new funding comes just four months after Anysphere raised its $60 million Series […]

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Backed by a16z and NEA, Backflip raises $30M Series A to turn text into AI-generated designs

19 December 2024 at 11:06

Led by Markforged veterans and backed by a16z, Backlip has raised $30M to democratize product design thanks to AI.

Β© 2024 TechCrunch. All rights reserved. For personal use only.

Why Marc Andreessen was β€˜very scared’ after meeting with the Biden administration about AI

14 December 2024 at 08:00

What scared him most was what some said about the government’s role in AI, and what he described as a young staff who were β€œout for blood. ”

Β© 2024 TechCrunch. All rights reserved. For personal use only.

a16z-backed Toka wants to help US agencies hack into security cameras and other IoT devices

6 December 2024 at 10:36

An Israeli startup specializing in penetrating IoT devices says it's hiring to "support new business growth" in the US government market.

Β© 2024 TechCrunch. All rights reserved. For personal use only.

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