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AI coding startup Cursor is nearing new funding in which the four-year-old company would raise at least $2 billion in fresh capital, according to four sources familiar with the matter. Returning investors Thrive and Andreessen Horowitz are expected to lead the financing at a $50 billion valuation, prior to the new capital injection, the people…
Historically, marketers relied on designers and other creative professionals to develop images and videos for personalized online ad campaigns. In late 2024, seven-year-old startup Hightouch launched an AI-powered service that allows marketing professionals to create custom content for brands such as Domino’s, Chime, PetSmart, and Spotify without involving brand design teams or ad agencies. The…
After months of conversations with ChatGPT, a 53-year-old Silicon Valley entrepreneur became convinced he’d discovered a cure for sleep apnea and that powerful people were coming after him, according to a new lawsuit filed in California Superior Court in San Francisco County. He then allegedly used the tool to stalk and harass his ex-girlfriend. Now…
Is Poke an OpenClaw for the rest of us? That’s the idea coming from a new startup offering an AI agent that you can access via iMessage, SMS, Telegram, and, in some markets, WhatsApp. The AI agent Poke launched publicly in March, allowing consumers to access a personal assistant that can take action on their…
Defense startup Hermeus has raised $350 million to keep developing what it calls the “fastest unmanned aircraft,” in a funding round that has pushed its valuation to $1 billion. The Los Angeles-based startup said Tuesday that it has raised $200 million in equity financing, led by Khosla Ventures. Existing investors Canaan Partners, Founders Fund, In-Q-Tel,…
AI-powered design platform Picsart is launching a creator monetization program, the company told TechCrunch exclusively. The program is open to all creators, with no invite lists and no minimum audience size required. The program invites creators to create original content with Picsart tools for a specific campaign, share it on their social channels, and earn…
A new venture capital fund with deep ties to OpenAI has made its first close on its $100 million goal, the founders tell TechCrunch. The partners have already written a couple of checks. The fund is called Zero Shot (a play on the AI training term) and its co-founding team includes several OpenAI OGs who…
Glen Anderson has been brokering trades in private company shares since 2010, back when the number of institutional investors focused on the late-stage private market could be counted on two hands. Today, he says, there are thousands. As president of the investment bank Rainmaker Securities, which focuses solely on private securities markets and facilitates transactions…
Fizz, an anonymous social app that started on college campuses, is going global in more ways than one. Its Global Fizz feed is enabling the app to grow beyond college communities and cater to a broader user base, and the app has made a mark with its first overseas launch in Saudi Arabia. When Fizz…
Nick Offerman knows he has a type. Since his mid-career breakout as Ron Swanson in Parks and Recreation, the Illinois native has cornered the market on a certain brand of deadpan, handy, emotionally removed yet gruffly lovable steak eater. Offerman has happily leaned into that persona himself, but as often happens with iconic roles, any…