AI-powered virtual physical therapy platform Sword Health has seen its valuation soar 50% to $3 billion.
VCs are selling shares of hot AI companies like Anthropic and xAI to small investors in a wild SPV market
VCs are clamoring to invest in hot AI companies, and willing to pay exorbitant share prices for coveted spots on their cap tables. Even so, most aren’t able to get…
Jasper Health, a cancer care platform startup, laid off a substantial part of its workforce, TechCrunch has learned.
Billionaire Groupon founder Eric Lefkofsky is back with another IPO: AI health tech Tempus
Eric Lefkofsky knows the public listing rodeo well and is about to enter it for a fourth time. The serial entrepreneur, whose net worth is estimated at nearly $4 billion,…
Peter Thiel-founded Valar Ventures raised a $300 million fund, half the size of its last one
The perception in Silicon Valley is that every investor would love to be in business with Peter Thiel. But the venture capital fundraising environment has become so difficult that even…
SeekOut, a recruiting startup last valued at $1.2 billion, lays off 30% of its workforce
The company says it’s refocusing and prioritizing fewer initiatives that will have the biggest impact on customers and add value to the business.
Agora raises $34M Series B to keep building the Carta for real estate
Since he was very young, Bar Mor knew that he would inevitably do something with real estate. His family was involved in all types of real estate projects, from ground-up…
Dietitian startup Fay has been booming from Ozempic patients and emerges from stealth with $25M from General Catalyst, Forerunner
For years, Sammy Faycurry has been hearing from his registered dietitian (RD) mom and sister about how poorly many Americans eat and their struggles with delivering nutritional counseling. Although nearly…
David Sacks reveals Glue, the AI company he’s been teasing on his All In podcast
VC and podcaster David Sacks has revealed a new AI chat app called Glue that fixes “Slack channel fatigue,” he says.
The fresh funds were raised from two investors who transferred the capital into a special purpose vehicle, a legal entity associated with the OpenAI Startup Fund.
Triomics raises $15M Series A to automate cancer clinical trials matching
For cancer patients, medicines administered in clinical trials can help save or extend lives. But despite thousands of trials in the United States each year, only 3% to 5% of…
Rad AI, a startup that helps radiologists save time on report generation, raises $50M Series B from Khosla Ventures
In 2017, Vinod Khosla told CNBC that the job “of the radiologist will be obsolete in five years.” While the founder of Khosla Ventures later revised that timeline to as…
Honeycomb Insurance grabs $36M Series B from solo VC-led Zeev Ventures
When Itai Ben-Zaken’s first startup failed in 2018, the former BCG consultant and Wharton MBA spent months trying to understand what he could have done differently during the five years…
According to SEC filings, ICONIQ Growth has raised $5.21 billion across two funds affiliated with the Seventh Growth Fund Family. However, the firm’s original fundraising was $5.75 billion, according to…
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Haun Ventures is riding the bitcoin high
Haun Ventures has made 48 investments, including some of its token positions, across its early-stage $500 million and $1 billion later-stage acceleration funds.
Asheem Chandna says he was so impressed with founder Bipul Sinha’s grit and tech, he led Rubrik’s $40 million Series B in 2015.
Norwest Venture Partners raises $3B for 17th vehicle, maintaining fund size despite market downturn
Norwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion. That’s a noteworthy number, given that NVP last raised the same…
Xaira, an AI drug discovery startup, launches with a massive $1B, says it’s ‘ready’ to start developing drugs
Advances in generative AI have taken the tech world by storm. Biotech investors are making a big bet that similar computational methods could revolutionize drug discovery. On Tuesday, ARCH Venture…
Campus, a community college startup, receives $23M Series A extension led by Founders Fund
Although many students in the United States enter community colleges intending to transfer to four-year universities, only 16% of those students receive bachelor’s degrees within six years. But Campus, an…
Clarity Pediatrics raises $10M for treating ADHD and other chronic childhood conditions
Raising young kids who have been diagnosed with, or are suspected of having, ADHD can be challenging. Some children with this condition may have difficulties completing school work or grow…
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HR startup Rippling is in discussions to raise at a $13.4B valuation, up from $11.25B
Late-stage HR tech startup Rippling is raising new capital. The company’s new round, which has not yet closed, would inject $200 million into Rippling with another $670 million worth of shares being sold by existing stockholders, according to two people familiar with the deal. This will be Rippling’s Series F and could raise its valuation…
Two Chairs raises $72M Series C in equity and debt to scale its therapist network
When Alex Katz founded Two Chairs in 2017, he firmly believed that in-person therapy is the most effective for behavioral health. Two Chairs used technology — a proprietary matching algorithm…
API startup Noname Security nears $500M deal to sell itself to Akamai
Akamai Technologies is in advanced acquisition talks with Noname Security, an API cybersecurity startup, according to a people person familiar with the deal.
Virtual physical therapist Hinge Health lays off 10% of its workforce
The 9-year-old Hinge Health offers a digital solution to treat chronic musculoskeletal (MSK) conditions and was last valued at $6.2 billion in October 2021.
Cendana, Kline Hill have a fresh $105M to buy stakes in seed VC funds from LPs looking to sell
Fund-of-funds investor Cendana Capital has joined with Kline Hill Partners for a new oversubscribed fund to buy out stakes from seed LPs looking for liquidity.
Kiki World, a beauty brand that uses web3 for customer co-creation and ownership, raises $7M from a16z
If you think that choosing a nail polish color or which ingredients go into your face cream can’t have anything to do with blockchain, think again. Kiki World, a beauty…
YC’s latest Demo Day shows fascinating wagers on healthcare, chip design, AI and more
As we did on Wednesday, a number of the TechCrunch crew watched the entire run of presentations, picking out a handful of favorites to highlight.
The startup fundraising squeeze could persist as VCs struggle to refill their own coffers
Many startups are hoping that the gradual opening of an IPO window and the prospect of interest rate cuts later this year will finally encourage VCs to be less stingy…
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The 18 most interesting startups from YC’s Demo Day show we’re in an AI bubble
From AI-generated music and grant applications to neat new fintech applications and even some healthtech work, there was something for everyone.
Rubrik’s IPO filing hints at thawing public markets for tech companies
Rubrik initially presents as a moderately growing software business with net losses that stretched to $354 million in its most recent fiscal year.