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BLUF (Bottom Line Up Front): This is your weekly list of the latest deals and disrupters, insights and trends to keep you up-to-date on the startup scene.
🦾 OpenAI is reportedly in talks to raise several billion dollars in a new funding round led by Thrive Capital with involvement from Microsoft that would value it above $100B. [MSN]
🛠️ Atlassian has acquired Rewatch, an AI-powered notetaker and screen recorder, which it plans to integrate into Loom and its Rovo AI platform to enhance meeting notes and searchable transcripts within Jira. [TechCrunch]
🌊 Surging SF Startup Scene: More than half of all new startups in the prestigious Y Combinator startup accelerator are based in the SF Bay Area. For early-stage funding, one in four Seed and Series A rounds done by top VCs go to Bay Area companies. [SignalFire]
⚖️ Supio, a Seattle-based startup founded by two former Microsoft engineers, raised a $25M Series A investment to advance its AI-powered software platform designed to help lawyers quickly sort, search, and organize case-related data. [GeekWire]
☕ Singapore-based Prefer Coffee is using fermentation to upcycle food waste into coffee-like drinks. The startup combines stale bread from bakeries, soybean pulp from tofu making, and spent barley grains from local breweries to produce a naturally caffeine-free “coffee.” [MIT Technology Review]
🤖 Swiss-Mile, a Zurich-based developer of AI-powered industrial robots, raised $22M in seed funding, led by Jeff Bezos through Bezos Expeditions. [finsmes]
📰 Likewise, a startup backed by Bill Gates, figured out how to hyper-customize newsletters and app content to the individual that feeds into connected devices such as TVs. In the past year, the startup grew its newsletter subscriptions 300%, powered by their AI personal entertainment companion Pix. [MediaPost]
💰 Magic AI Inc. has raised $320M from a group of prominent investors, including former Google CEO Eric Schmidt, Atlassian Corp., Jane Street, and Sequoia. [Silicon Angle]
🦄 Codeium, an AI-powered code acceleration platform, has secured $150M in Series C funding, raising the company’s valuation to $1.25B – aka unicorn status – in just two years. [Morning Star]
🚍 Fleet, a San Francisco-based provider of a commuter benefits management platform, raised $2.5M in Seed funding led by Congruent Ventures. [finsmes]
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Your weekly list of the latest deals and disrupters, insights and trends to keep you up-to-date on the startup scene.
Your weekly list of the latest deals and disrupters, insights and trends to keep you up-to-date on the startup scene.
Your weekly list of the latest deals and disrupters, insights and trends to keep you up-to-date on the startup scene.
Your weekly list of the latest deals and disrupters, insights and trends to keep you up-to-date on the startup scene.