Topics
former
AI
Amazon
Image Credits:Getty Images
Apps
Biotech & Health
Climate
Image Credits:Getty Images
Cloud Computing
Commerce
Crypto
Image Credits:Niharika Kulkarni / NurPhoto / Getty Images
endeavour
EVs
Fintech
Image Credits:Grafana Labs
Fundraising
Gadgets
punt
Image Credits:Bolt
Government & Policy
Hardware
Image Credits:Getty Images
layoff
Media & Entertainment
Meta
Microsoft
Privacy
Robotics
Security
societal
distance
Startups
TikTok
Department of Transportation
Venture
More from TechCrunch
event
Startup Battlefield
StrictlyVC
newssheet
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
receive to Startups Weekly — your hebdomadal review of everything you ca n’t miss from the world of startups . Want it in your inbox every Friday?Sign up here .
Despite it being summertime , this week was rich with promulgation . have ’s dive in .
Most interesting startup stories from the week
No two businesses are the same , and that ’s good news : As we see again this workweek , it opens up blank space for company to seek opposite approaches , link up forces or challenge leadership .
Focus or not : In one of India ’s recent gravid tech M&As , food delivery heavyweight Zomato disbursed$244.1 million to take on the entertainment ticket business of Paytm , which has been refocusing on its fintech core . In dividing line , Zomato is diversifying in an travail to become a one - blockage goal for dining and entertainment options .
Firefighting : FireHydrant , a inauguration that aid web site reliability technologist bump , dissolve and prevent issues , acquired competitor Blamelessas a stepping stone toward end - to - last incident management . FireHydrant did not share the purchase price , but it indicated that it also got an undisclosed amount of additional financial backing at the fourth dimension of the learning .
Busy schedule : Dropbox has acquiredAI - powered scheduling instrument Reclaim.ai . Founded in 2019 , the startup plans to continue develop its production following the acquisition . In a video , Reclaim.ai ’s founder said the whole squad of 22 people is joining Dropbox ; financial price were n’t break .
New launches : A new generation of roquette company is risingto challenge SpaceX. As TechCrunch distance and defense reporter Aria Alamalhodaei take note , SpaceX being the undisputed leader in launching “ has not cow a grow figure of contender , who say they can bring much - need supply and competitive pressure to the market , something that benefits the industry at big . ”
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Most interesting fundraises this week
expectant funding round this week were n’t just about AI ; there was some open source , blockchain , building technical school and defense tech mixed in , too .
Up pointer : Grafana Labs , whose dashboard help enterprises visualise and psychoanalyze data point from their infrastructure service , is nowvalued at over $ 6 billionfollowing what the open source companionship depict as an reference to its 2022 Series D round . The new funding comes from a primary and secondary dealing led by Lightspeed Venture Partners and deserving $ 270 million , with issue go to the open source company and some of its stockholders .
IP vs. AI : PIP Labs , the parent company behind startup Story , raised an$80 million Series B roundfrom a16z ’s crypto division and others to build an “ IP blockchain ” that will help message possessor tag and monetize IP in the age of AI .
Military ops : Virginia - found startup Defcon AI hasraised a $ 44 million seed roundled by Bessemer Venture Partners to help the U.S. Department of Defense optimize logistics . Having earned around $ 15 million in administration declaration so far , the company is in the process of certifying its software to handle classify , secret information .
Building blocks : Trunk Tools , a startup that render automation pecker to organise amorphous mental synthesis documentation , has raiseda $ 20 million Series A funding rung led by Redpoint . The company will use the cash to grow its squad and develop new services such as its recently launched construction worker incentive program , CEO Sarah Buchner told TechCrunch .
Most interesting VC and fund news this week
In place of hard currency : Fintech startup Bolt has n’t yet closedthe $ 450 million funding roundthat its eyebrow - raising letter to investors alluded to . The London Fund chief operating officer Ashesh Shah gave more context to TechCrunch onwhy his firm might be participating , and how : with marketing credits , at least partly .
world health : harmonize to an SEC filing , life sciences investor BEVC israising a $ 25 million fund aimed at mood - related startup . This would signify following in the footsteps of RA Capital and Flagship Pioneering , which similarly broaden their remit beyond human health .
Last but not least
get acqui - charter is more frequent than publicized , and it is n’t always a bad deal , founder and investors tell TechCrunch . In the current market , the option would be to run out of money and shut down . Getting nabbed by another company“is often not as poor an outcome for founders and key staff as it ab initio seems,”TechCrunch ’s Marina Temkin feel out . By bring together under these circumstances , they typically leapfrog young hires in terms of pay and fairness , which is an incentive to remain on add-in .
