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While many top-tier venture firms keep raising massively larger funds, Greylock Ventures, one of the oldest and most prestigious venture firms in Silicon Valley, is intentionally resisting the trend of ballooning fund sizes. On Tuesday, the 61-year-old firm announced that it had raised a $1.5 billion 18th fund. The number is 50% higher than its…
Miles Wang, an OpenAI researcher whose work includes using AI to accelerate scientific and biological discovery, is leaving the ChatGPT maker to launch a new startup focused on developing AI models for drug discovery, according to four people with knowledge of his plans. Several other OpenAI researchers are expected to join the new company. …
Reed Jobs is easy to like. He’s motormouthed, self-deprecating, prone to video-game analogies, and clearly loves his work. He doesn’t particularly want to discuss the fact that he is Steve Jobs’s son, but he’s not uptight about it, either. When our producer, Maggie, asked if he was on a MacBook for our video call Thursday…
A years-long lawsuit between the college-focused social app Fizz and rival Sidechat over unfair competition practices has taken an interesting turn. In a new filing, Fizz is accusing investor Jerry Lu of the venture capital firm Maveron of meeting with Fizz under the guise of exploring a potential investment, but then turning around and sharing…
Crypto VC firm Paradigm has raised $1.2 billion — its third venture fund and fourth overall — with the aim of investing in the “technical frontier,” the firm’s founder Matt Huang announced Wednesday. For Paradigm, the technical frontier will stretch beyond its cryptocurrency investment roots. This fund is expected to expand its investment focus to…
AI law startup Norm on Tuesday said it has raised $120 million in a Series C funding round led by Khosla Ventures, valuing the almost three-year-old startup at $1.2 billion. Norm has built an AI-native law firm, called Norm Law, that uses the company’s own AI agents, employs human attorneys to supervise them, and offers…
With AI igniting an investor frenzy, more startups are achieving unicorn status every month. Using data from Crunchbase and PitchBook, TechCrunch tracked down the VC-backed startups that became unicorns in 2026. While most are AI-related, a surprising number are focused on other industries like healthcare and even a few crypto companies. This list will be updated throughout the…
Bending Spoons, the Milan-based tech conglomerate that made headlines for acquiring the likes of AOL and Vimeo, went public on the Nasdaq this week with a pop, briefly reaching a market capitalization over $25 billion. While Bending Spoons stock has slightly slumped since then, its market cap remains twice double its previous private valuation of…
Nvidia competitor Etched announced this week that TSMC had manufactured its first chip earlier this year. While the four-year-old startup valued at $5 billion is getting ready to ship systems powered by that chip to customers later this summer, scaling production may prove challenging. Like other chip designers, Etched must compete for limited capacity at…
Early-stage firm Magnify Ventures has raised $46.6 million for its second fund from LPs including Melinda French Gates’ Pivotal Ventures. Founded in 2021 by Joanna Drake and Julie Wroblewski, Magnify invests in companies that target the care economy, such as those building assistive robotics, family cybersecurity, and AI for home use. The firm said Fund…