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Welcome to Startups Weekly — your weekly recap of everything you ca n’t miss from the existence of startups . Want it in your inbox every Friday?Sign up here .
This hebdomad was a busy one for the inauguration and VC mankind , with its bonnie plowshare of funding word and , of course , the belated variation of YC ’s Demo Day .
Most interesting startup stories from the week
Yes , AI , AI , AI . But it ’s more eventful than it sounds .
divergence : Several cardinal mass are leavingOpenAI — CTO Mira Murati , as well as the company’schief research officer and a inquiry VP . There ’s more context than we can sum up here , so go have a read if you are so disposed .
I ve mind : It is now confirm that former Apple room decorator Jony I ve isworking on an AI gimmick startupwith OpenAI and its CEO Sam Altman . The unknown speculation could be seeking to raise up to $ 1 billion by the end of the class .
AltGPT : Letta , an AI inauguration founded by the researchers behind MemGPT and put itself as “ the open choice to OpenAI , ” hascome out of stealthto much anticipation .
pipeline : Data startup Airbytelaunched Airbyte 1.0with a nidus on AI economic consumption typeface . It also made its self - managed enterprise Robert William Service generally available .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Most interesting fundraises this week
COVID-19 almost kill some party and boost others . Now company from both mathematical group are finding their footing , and other course are getting confirmed .
Working out : German connected fitness startup EGYMclosed a $ 200 million Series G round of fundingthat reassert investor interest in the broader trend of preventive healthcare .
Digital transformation : Whatfix , a San Jose - base company whose platform demonstrates how to utilize third - party software , raised a $ 125 million Series E roundled by Warburg Pincus .
AI might : overt source developer program Supabase raisedan $ 80 million Series C round . The company now set itself as Postgres - centrical and has been enjoying AI tailwinds ; 10 % of dynamic databases on the avail power AI use cases .
Beaming : Marvel Fusion raised€62.8 million in a Series B roundto work on stimulate commercial-grade fusion power a world thanks to lasers .
In the spotlight : British startup Raycast raised $ 30 million tobring its Mac productivity app to Windows and iOS , with a stress on “ prosumer ” users .
Most interesting VC and fund news this week
Exit time : Peak XV Partners , the big India and Southeast Asia - focused VC fund , realized about $ 1.2 billion in exitssince its rent from Sequoia last year , TechCrunch learned from sources .
Skyrocketing : European defence technical school will attract$1 billion in VC fund this year , allot to a fresh Dealroom composition . This pregnant increase compare to previous years also go along rising interest for double - employment technology .
navigate : Spanish VC firm All Iron Venturesrebranded as Acurio Venturesand close a third fund of $ 166 million that will exclusively make “ follow - on ” investment .
Last but not least
Taking place on September 25 and 26 , Y Combinator ’s online Demo Day for its Summer 2024 batch was once again dominated by AI use cases , some especially exciting . The format itself is changing : Going frontwards , there will befour Demo Days a yr , and YC CEO Garry Tan said that the next one on December 4will admit an in - someone element .
