Startup Weekly: Buying the season


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From stealth startup acquisitions to large startups, and from fundraising Series A to Series G rounds, buyers and investors were made for a busy news cycle.

The most interesting startup story of the week

IBM logo lights up on a dark background
Image credits:PACO FREIRE/SOPA IMAGES/LIGHTROCKET Getty Images

This week must have seemed like the best time for companies to announce their latest startup acquisition.

Unlock: Israeli phone unlocked company Celebrity Light Acquired mobile testing startup Corellium for $170 million In cash, $20 million will be converted to stocks upon closing.

I was asked to discover: IBM AI with AIan AI platform that allows users to ask questions about enterprise data using natural language. The technology is set up to be an important part of IBM’s new NYC-based AI accelerator, Watsonx AI Labs.

Data Access: Data Governance Platform Colibra Acquired raitothe startup that has raised $4 million so far, has helped businesses manage which employees and customers have access to internal data. Both Colibra and Wright are based in Brussels.

Challenger: AMD Buying by BronaA stealth startup focused on AI software optimization, in a deal aimed at challenging the advantages of NVIDIA’s AI hardware.

Crispy: Snowflake revealed that Plan to buy crunchy dataa startup that helps businesses build with Postgres. Cloud Data Platform Company declined to comment on the valuation of the transaction, but sources estimated it to be around $250 million.

There are no more plagues: Data Label Startup Scale AI I hired the team behind the Plague AIwhich is shut down after raising more than $8 million to help businesses recruit developers remotely.

Hmm: Airtime, a video startup from Evernote founder Phil Libin, Dozens of employees have been firedthose who are not invited to stay in the next “season.” The company, formerly known as MMHMM, raised nearly $135 million in venture capital in several early stages.

it hurts: Indian grocery startup Kiranapro confirmed it was hacked last May. all The data was wiped out With an attack.

Legal battle continues:HR Tech Startup Parts Ripples of accused rival Hire employees who spend six months impersonating customers A complaint has been released that has also been revised About corporate spy accusations against the deal.

Most Interesting VC and Funding News This Week

Palmer Luckey, founder of Anduril Industries, is currently interviewing "Circuit with Emily Chan" Thursday, December 14th, 2023 at Andrill Headquarters in Costa Mesa, California. Andrill recently defeated several legacy defenders in a major contract contest to develop U.S. Air Force unmanned fighter jets, and is currently valued at $8.5 billion. Photographer: Kyle Grillo/Bloomberg via Getty Images
Image credits:Kyle Grillot / Bloomberg / Getty Images

This week, money has once again gone uphill, but some funds have also been sent to startups who are hoping to challenge market leaders, expand internationally and make roads safer.

Lucky Lucky: Andrill, a startup in defense technology We raised a huge $2.5 billion Series G roundThis includes a $1 billion investment from the Founders Fund, doubled the company’s valuation to $30.5 billion.

Move cursor: It is owned by Anysphere, the manufacturer of AI coding assistant cursors raised $900 million at a valuation of $9.9 billion. Sources say the company outpaces its recurring revenue of $500 million a year.

Brain Tip: Neuralink, Elon Musk’s brain computer interface launch, security 650 million dollar series ereportedly at a money valuation of around $9 billion.

Insured: Bolttech, a Singapore-based Insurtech Company specializing in embedded insurance, has been completed $147 million Series C At a valuation of $2.1 billion.

Apus vs. gpus: Speedata, Israeli chip startup competing with Nvidia, raised a $44 million series b. The company is developing analytical processing units (APUs) to accelerate AI and data workloads. This will be featured later this month.

From Ireland to Japan: Irish fintech startup nomupay has been locked up 40 million dollar series c From SB Payment Service (SBPS), a subsidiary of Telco Giant Softbank Corp in Japan. It uses capital not only to expand reach in major regions, including Asia, but also during acquisitions.

Drive with caution: Obvio, a startup using AI and cameras installed in stop signs detected and raised unsafe driving $22 million Series a It is led by Bain Capital Venture.

The richest slices: From February to May this year, we will be holding an AI startup in North America. We have collected $69.7 billion in venture capital Over 1,528 transactions, it’s well over $6.4 billion (742) in Europe and $3 billion (515) in Asia, according to Pitchbook data.

Last but not least, it’s important

Sell ​​gil
Image credits:Slava Blazer from TechCrunch /

Elad Gil began investing in AI startups like Perplexity and Harvey before most VCs realized this trend. Now he bets on traditional business AI can help you reinvent And make it more profitable.

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