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Neil Batlivala has spent seven years building a healthcare company that most of the tech industry has never heard of and that serves a patient population most of Silicon Valley ignores. But last month, that work put him at the center of something much bigger. His company, Pair Team, announced on April 30 it had…
Amazon Ring, facing a surge in customer-support calls during last year’s holiday season, evaluated more than 40 AI voice vendors before choosing startup Vapi to handle its inbound phone traffic. Today, Ring routes 100% of its inbound calls through Vapi’s platform. That deployment helped Vapi raise a $50 million Series B led by Peak XV…
Kleiner Perkins, the prominent U.S. venture firm, announced on Tuesday that it raised $3.5 billion in fresh capital across two funds, a significant increase from the firm’s $2 billion fundraise less than two years ago. The firm, founded back in 1972, says it raised $1 billion for its 22nd early-stage venture fund, and $2.5 billion…
Emil Michael, who serves as a senior technology official at the Department of Defense, is back in the spotlight over the government’s ongoing battle with Anthropic, and a newly released podcast interview offers one of the most detailed looks yet into his thinking on that dispute — as well as an unguarded settling of old…
Fal, a startup that hosts image, video, and audio AI models for developers, has announced that it raised a $140 million Series D led by Sequoia, with participation from Kleiner Perkins, Nvidia, and other existing investors. Its existing investors include Andreessen Horowitz, among others. The round, which was Fal’s third fundraise this year, valued the…
Legal AI might not sound like the sexiest category in Silicon Valley, yet Harvey‘s CEO Winston Weinberg has captured the attention of virtually every top-tier investor in the Valley. The company’s backers read like a who’s who of venture capital: the OpenAI Startup Fund (its first institutional investor), Sequoia Capital, Kleiner Perkins, Elad Gil, Google…
Weeks after the revelation that Google paid Windsurf $2.4 billion to license its technology, while simultaneously hiring away its CEO and top talent, the deal’s implications are still rattling some founders and startup employees across Silicon Valley. Google’s payment to the startup was effectively split in two equal parts, according to two people familiar with…
Even while the tech industry is still fanning its face over Figma’s hot IPO on Thursday, another significant tech IPO occurred this week: Ambiq Micro. On Wednesday, the chip maker for wearable devices saw its shares climb from the initial price of $24 to over $42 on Friday. There’s one thing both companies have in…
Harvey AI, a startup that provides automation for legal work, has raised $300 million in Series E funding at a $5 billion valuation, the company told Fortune. The round was co-led by Kleiner Perkins and Coatue, with participation from existing investors, including Conviction, Elad Gil, OpenAI Startup Fund, and Sequoia. The financing comes just four months…
Legal tech startup Harvey is in discussions to raise more than $250 million in a funding round led by Kleiner Perkins and Coatue that would value it at $5 billion, Reuters reported, citing anonymous sources. Sequoia Capital, which led the startup’s $300 million Series D just three months ago, is also expected to invest in…