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Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week reminded us that creative accounting doesn’t only happen in Hollywood. Some hopes were dashed, but startups are delivering on all sorts of promises, from nuclear…
Time’s running out — 4 days left to save over $300 on Founder and Investor Passes for TechCrunch All Stage! Founders, accelerate your journey. Investors, fuel their success. Join us on July 15 at SoWa Power Station in Boston, Massachusetts, for TC All Stage, where 1,200 founders and VCs come together to scale from seed…
Time’s running out — 4 days left to save over $300 on Founder and Investor Passes for TechCrunch All Stage! Founders, accelerate your journey. Investors, fuel their success. Join us on July 15 at SoWa Power Station in Boston, MA, for TC All Stage, where 1,200 founders and VCs come together to scale from seed…
While you’re busy Ghibli-fying your images with ChatGPT’s new image-generation capabilities, OpenAI is out raising a ton more cash. The company is close to finalizing a new $40 billion funding round led by SoftBank, according to a report from Bloomberg. The report noted that other funds, including the hedge fund Magnetar Capital, Coatue Management, Founders…
We may not have an agreed-upon definition of AI “agent” yet, but a multitude of startups want to create “agentic” tools to automate various tasks online. One such firm, Browser Use, has attracted a ton of interest from developers and investors thanks to its solution that makes websites more “readable” for AI agents. Browser Use…
A Swedish startup aiming to build a hyperscale cloud company in Europe has raised €50.6 million ($55 million) in Series A funding. Evroc, as it’s called, says it’s laying the foundations for a “secure, sovereign and sustainable hyperscale cloud to reimagine the digital future of Europe.” The announcement comes amid growing calls to create a…
Nvidia has reportedly acquired Gretel, a San Diego-based startup that’s developed a platform to generate synthetic AI training data. Terms of the acquisition are unknown. The price tag was said to be nine figures, exceeding Gretel’s most recent valuation of $320 million, according to Wired. Gretel and its team of roughly 80 employees will be folded…
Factorial, the Barcelona-based “unicorn” startup that provides an all-in-one HR platform in the cloud for small and medium businesses, has picked up a non-dilutive (no equity) $120 million from General Catalyst — money it says it’ll invest in one specific area: “go-to-market”, or GTM, the umbrella term used for the wider expenses associated with sales…
No company has capitalized on the AI revolution more dramatically than Nvidia. Its revenue, profitability, and cash reserves have skyrocketed since the introduction of ChatGPT over two years ago — and the many competitive generative AI services that have launched since. And its stock price soared. During that period, the world’s leading high-performance GPU maker…
Last year was a monumental year for the AI industry in the U.S. and beyond. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch. Three companies raised more than one “mega-round” last year, and seven companies raised rounds at $1 billion or larger. How…