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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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Before you go:
Startup Roundup: August 16, 2024

Your weekly list of the latest deals and disrupters, insights and trends to keep you up-to-date on the startup scene.

Startup Roundup: August 23, 2024

Your weekly list of the latest deals and disrupters, insights and trends to keep you up-to-date on the startup scene.

Startup Roundup: August 30, 2024

Your weekly list of the latest deals and disrupters, insights and trends to keep you up-to-date on the startup scene.

Startup Roundup: Sept. 6, 2024

Your weekly list of the latest deals and disrupters, insights and trends to keep you up-to-date on the startup scene.

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