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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…
AOL is public again — sort of. Its owner Bending Spoons, the 13-year-old Italian company that has been quietly acquiring beloved but ailing internet brands for the past decade, went public on the Nasdaq today, opening at an over $18 billion valuation, with the stock then popping 40% by market close. Headquartered in Milan, Bending…
Earlier this year, shares of traditional SaaS companies tumbled amid investor fears that software built with AI could eventually displace those businesses. Despite such concerns, Bending Spoons, a company that acquires and revitalizes stagnating but well-known tech firms, saw its shares surge in its market debut. It closed at $40.50 on Wednesday, nearly 40% above…
General Atlantic has tapped tennis legend Novak Djokovic to serve as a global strategic advisor, where, according to a press release, he “will work closely with the firm’s leadership, portfolio companies, and investors, bringing perspectives on leadership, resilience, and innovation that reflect General Atlantic’s commitment to excellence.” The news comes just days before Djokovic is…
AI agents are becoming more sophisticated. They are evolving from answering questions to autonomously executing multi-step complex tasks. But before these agents can be trusted to book trips or conduct financial analysis on behalf of users, model providers and the startups building such agents want to ensure that they perform reliably across a vast range…
TechCrunch’s StrictlyVC evening in Los Angeles late last week brought together two of the more straight-talking investors working in AI right now. Carter Reum is co-founder of M13, an early-stage firm with $2.5 billion in assets under management that has been a seed or Series A investor in 17 unicorns, he says. Chang Xu is…
Menlo Ventures announced $3 billion in funds on Tuesday, the largest raise in its 50-year history, driven in large part by its AI portfolio, especially Anthropic. Its stake in the model maker is now worth about $14 billion, sources told Bloomberg. To hear the folks at Menlo talk about it, they were white-knuckling it when…