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Funding & Startups
Funding rounds, new ventures, and emerging AI companies
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GPU Shortage Hits AI Startups Harder Than Tech Giants
AI chip shortages are creating acute pressure on startups building proprietary models, forcing founders to negotiate…
Thrive Holdings raises $2B for enterprise AI at $12B valuation
Thrive Holdings, an OpenAI-backed enterprise AI company, has raised $2 billion in Series funding at a $12 billion…
Lovable Raises $400M at $13.3B Valuation on $500M Revenue Run Rate
Lovable, an AI-powered software development startup, confirmed a new $13.3 billion valuation and raised $400 million in…
AI Code-Testing Startup Blacksmith Hits $550M Valuation
Blacksmith, an AI code-testing startup, has seen its valuation jump nearly 10x to $550 million in less than a year,…
Skan AI raises $63M to fix enterprise AI with real workflow data
Skan AI raised $63 million in Series C funding to build what it calls a 'context graph of work' by observing how…
General Catalyst backs River AI with $1.1B for personal agents
River AI, a startup founded by xAI co-founder Igor Babuschkin, raised $1.1 billion in funding led by General Catalyst…
Joby Acquires Defense Contractor for $500M Military Push
Joby Aviation is acquiring Dayton, Ohio-based defense contractor Resonant Sciences for $500 million, financed through…
Meta's Manus Deal Unwinds After Chinese Regulatory Order
Manus, an AI startup acquired by Meta, announced Tuesday it will return to operating as an independent company…
SpaceX Set to Close $60B Cursor Acquisition, Plans Brand Overhaul
SpaceX is on track to complete its $60 billion acquisition of Cursor, a coding startup, by the end of August pending…
Firebird Opens CIS AI Factory in Armenia, Eyes 2-Gigawatt Expansion
Firebird, an emerging AI cloud provider, opened the CIS region's largest AI factory in Armenia with support from NVIDIA…
Harvey Raises $500M at $15.5B on 80% Revenue Surge
Legal AI startup Harvey is raising at least $500 million at a $15.5 billion valuation, a 40% premium to its valuation…
Canva's AI Rollout Stumbles on Costs, ChatGPT Competition
Canva, a design platform with over 200 million users, has encountered significant challenges with its AI feature…
OpenAI Acquires Rain AI Patents After Failed Chip Deal
OpenAI acquired patents from Rain AI, an eight-year-old chip startup backed by CEO Sam Altman, after the company failed…
Omilia raises $67M Series B to scale support platform
Omilia, a customer support platform company, raised $67 million in Series B funding, marking its second capital raise…
Klaviyo Acquires Torres' Agency, Names Founder as AI CPO
Klaviyo has acquired the agency of serial entrepreneur Elias Torres, who is joining the e-commerce company as Chief…
Hark launches Handoff agent, claims top benchmark score but skips latest models
Hark, a secretive AI startup founded by serial entrepreneur Brett Adcock, launched Handoff, a computer use agent that…