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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…
Investor interest in AI coding assistants is exploding. Anysphere, the developer of AI-powered coding assistant Cursor, is in talks with venture capitalists to raise capital at a valuation of nearly $10 billion, Bloomberg reported. The round, if it transpires, would come about three months after Anysphere completed its previous fundraise of $100 million at a…
Fusion power startups have long been stalked by one stubborn question: Will the technology work? But now, with net-positive fusion power no longer the stuff of science fiction, a fresh crop of startups have been founded on more mundane questions: Can reactors be built for less money? How can maintenance be made simpler? The answers…
The war in Ukraine has brought drones to the forefront of modern warfare, creating a surge in demand for counter-drone systems. However, legacy solutions to counter drones, such as ground-based defense systems and cyber warfare, often come with a hefty price tag. For German startup Alpine Eagle, these solutions fall short: When now-ubiquitous $500 first-person…
Anna Patterson has had a storied career in Silicon Valley. She founded three startups, including search engine upstarts Xift and Cuil, as well as recall.archive.org, which became the Internet Archive. She was the vice president of engineering at Google, and later on started Gradient Ventures, an AI-focused seed fund. And she isn’t done building. Patterson…
Defense tech startup Epirus, which specializes in anti-drone systems, has raised an oversubscribed $250 million Series D, it told TechCrunch. Epirus, based in Torrance, California, was previously valued at $1.35 billion for its $200 million Series C in 2022, per its announcement at the time. Epirus did not give a specific valuation for this round,…
Despite clouds of uncertainty looming over the economy and geopolitics, people still want to travel. To meet that demand, Mews, an Amsterdam-founded ‘unicorn’ building an SaaS platform for hotel management, has raised a fresh $75 million. The funding is coming at a crossroad in the travel industry. On one hand are positive signals. Analysts at…