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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.
💰 One in every three VC dollars this year has gone to an AI startup. [CBInsights]
💵 Elon Musk’s AI startup xAI is reportedly in the early stages of talks for a funding round that would value the company at $40B. The company was valued at $24B just five months ago [NY Post]
🌄 Sierra, the startup founded by ex-Salesforce co-CEO Bret Taylor and former Google executive Clay Bavor, has raised a $175M funding round that values the company at $4.5B. [CNBC]
🛒 Jeff Bezos-backed startup Perplexity is quietly building an AI-powered shopping experience, taking on Amazon. The new “Pro Shop” feature allows users to shop without leaving the platform. [Adweek]
🤝 Sapien, dubbed an “AI coworker” for CFOs, has raised $8.7M in a Seed round led by General Catalyst. [Fortune]
⚖️ U.S. chipmaker Nvidia will have to seek EU antitrust clearance for its proposed acquisition of AI startup Run:ai because it threatens competition in the markets where the companies operate, the European Commission said. [Reuters]
🌙 Moondream, a new Seattle startup building a large language model for visual-related use cases, raised $4.5M in a pre-seed round. [GeekWire]
💳 Melio, a leading accounts payable and receivable platform for small and medium businesses, has announced a Series E funding round led by Fiserv Inc. The funding round raised $150M, with Shopify Ventures and Capital One Ventures joining Fiserv. [Enterprise Times]
🧬 Biotech startup Archon Biosciences has emerged from stealth with $20M in seed funding to develop antibody treatments using specially designed protein “cages” that multiply their effects. [TechCrunch]
📊 Reflexivity (formerly Toggle AI), a leading provider of AI solutions for the investment industry, has announced a $30M Series B funding round led by Greycroft and Interactive Brokers. [Globe Newswire]
🖼️ Bifrost AI, a San Francisco, CA-based provider of a generative 3D Data platform, raised $8M in Series A funding led by Carbide Ventures. [finsmes]
🏠 HOMEE, the only AI-driven direct repair network for the Property and Casualty insurance industry, has raised $12M in a Series C Financing led by W.R. Berkley Corporation. [BusinessWire]
💼 Tabs, a revenue automation platform for B2B companies, has raised $25M in a Series A led by General Catalyst. [Axios]
🔭 Remote sensing startup Matter Intelligence has emerged from stealth mode with $12M in Seed funding. [Via Satellite]
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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.