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From receiving stealth startups to big people, and from funding series A to series G Round, buyers and investors for a busy news cycle.
The most interesting startup stories from the week
This week would look like the right time for companies to announce their latest startup acquisition.
Unlock: The Israeli phone unlocking firm Celebrighte acquired mobile testing startup correlium in cash at $ 170 million, with converted into equity at $ 20 million.
Asked and found: IBM searched for AI, AI platforms, which allows users to ask questions about enterprise data using natural language. Its technology is ready to become an important part of the new NYC-based AI accelerator of Watsenx AI Labs, IBM.
Data Access: Data Governance platform Colibra acquired RAITO, a startup that raised $ 4 million to help companies manage to manage that employees and customers have access to internal data. Both Collaibra and Raito are located in Brussels.
Challenger: AMD acquired Brium, which is a stealth startup focusing on AI software optimization, which manifests to challenge Nvidia’s AI hardware dominance.
Crunch: Snowflake revealed that it plans to buy crunchy data, a startup that helps companies to create with postgresses. The cloud data platform company refused to comment on the evaluation of the deal, but a source estimated it estimated to be around $ 250 million.
Any more pasteo: Data-labeing startup scale AI hired the team behind Pesto AI, which is closing after raising more than $ 8 million to help companies recruit remote developers.
Hmm: Airtime, Evernote founder Phil Libbin’s video startup put dozens of employees, who will not be invited to live for the next “season”. The company, earlier known as MMHMM, raised about $ 135 million into enterprise funding in several early stages.
OUCH: Indian grocery startup Kiranpro confirmed that it was hacked in last May. All its data were erased in the attack.
Legal battle continues: The HR Tech Startup Deal accused the opponent of hiring an employee to work for an employee who spent six months in implementing a customer, but Ripling also issued a revised complaint about his corporate espionage allegations against deel.
The most interesting VC and funding news this week
Money once again flew upstairs this week, but also went to some funding startups that expects to challenge market leaders, expand internationally and make roads safe.
Lucky Lucky: Defense tech startup Enduril raised a huge $ 2.5 billion series G round, including an investment of $ 1 billion from Founders Fund, in which the company’s evaluation was doubled to $ 30.5 billion.
To move the cursor: Anysphere, the manufacturer of AI coding Assistant Cursor, has raised $ 900 million in a valuation of $ 9.9 billion. Sources said the company has crossed $ 500 million in annual recurring revenue.
Brain Chips: Neurlink, Alone Musk’s brain computer interface startup secured $ 650 million series E, allegedly on pre-wealth evaluation around $ 9 billion.
Insurance: Bolttech, a Singapore -based insuretech company, specialized in embedded insurance, completed a $ 147 million series C on a $ 2.1 billion valuation.
Apus vs gpus: A Israeli Chip Startup Spietata, a Israeli chip startup, raised a $ 44 million series B. The company is developing an analytics processing unit (APU) to speed up AI and data workloads, which it will display later this month.
From Ireland to Japan: The Irish Fintech Startup Nomupay, locked in the $ 40 million series C from SB Payment Service (SBPS), a subsidiary of Japanese Telco Giant SoftBank Corp, used capital to expand its access to major areas including Asia.
Drive with care: A startup using Obio, AI and cameras was installed on stop signs to detect unsafe driving, raised a $ 22 million series led by Bain Capital Ventures.
The richest piece: Between February and May of this year, North American AI Startups attracted $ 69.7 billion in enterprise capital in 1,528 deals, which exceeds Europe’s $ 6.4 billion (742 deals) and $ 3 billion (515 billion) in Asia.
last but not least
Ald Gill began investing in AI startups such as Perplexity and Harvey in AI Startups, before most VCS recognized the trend. Now he is betting on traditional businesses that AI can help make more attractive.
