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Valar Atomics, a startup building small modular nuclear reactors (SMRs) — essentially miniaturized, factory-built power plants designed to be cheaper and faster to deploy than traditional reactors — is in talks to raise a new round of capital, according to three sources familiar with the company. The three-year-old company is seeking a valuation of about…
Ethan Thornton dropped out of MIT at 19 to build weapons. The first one, a hydrogen-powered system he prototyped with parts from Home Depot and Amazon, didn’t work out — “hydrogen was just a bad bet in general,” he told me this past week at TechCrunch’s StrictlyVC event in Los Angeles. Three years later, his…
Ineffable Intelligence, a British AI lab founded a mere few months ago by former DeepMind researcher David Silver, has raised $1.1 billion in funding at a valuation of $5.1 billion to join the race for novel AI models that could outperform large language models. According to its newly launched site, Ineffable aims to create a…
Jack Zhang was 34 years old, three and a half years into running a startup, and sitting across from one of the most powerful investors in Silicon Valley. Michael Moritz of Sequoia had invited him to his home — a place with, Zhang recalls, a couple of floors and a view straight to the Golden…
Few venture firms have bet more aggressively on AI than Sequoia Capital, and it isn’t slowing down. The Silicon Valley stalwart has raised roughly $7 billion for a new fund, according to Bloomberg. Sequoia declined TechCrunch’s request for comment. The money will go toward what the firm calls its “expansion strategy” — essentially its late-stage…
Peak XV announced on Friday that it has raised $1.3 billion across new India and Asia-focused funds. The firm, which now manages more than $10 billion in assets, is sharpening its focus on artificial intelligence and cross-border bets amid intensifying competition for deals in the region. The capital will be deployed across its India seed…
Ethos Technologies, a San Francisco-based provider of software for selling life insurance, debuted on the Nasdaq on Thursday. As one of the year’s first major tech IPOs, the insurtech platform is being closely watched as a bellwether for the 2026 listing cycle. The company and its selling shareholders raised approximately $200 million in the offering,…
Kais Khimji has spent most of his professional career as a venture investor, including six years as a partner at the prominent VC firm Sequoia Capital. But just like several other former Sequoia partners — including David Vélez, who founded the Brazilian digital bank Nubank — Khimji (pictured left) has always wanted to be a…
Sequoia Capital is reportedly joining a blockbuster funding round for Anthropic, the AI startup behind Claude, according to the Financial Times. It’s a move sure to turn heads in Silicon Valley. Why? Because venture capital firms have historically avoided backing competing companies in the same sector, preferring to place their bets on a single winner….
Kalshi, a prediction market that allows people to bet on future events, has raised a massive $1 billion round at a $11 billion valuation, according to a person familiar with the deal. The round comes less than two months after the seven-year-old startup announced its previous fundraise of $300 million at a $5 billion valuation….