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Welcome to Startups Weekly — your hebdomadary recap of everything you ca n’t miss from the mankind of inauguration . Want it in your inbox every Friday?Sign up here .
This calendar week once again contribute us AI financing news , as well as some warnings : Some categories and stages are picture signs of overheat . Luckily , we also discern some cool startup — literally .
Most interesting startup stories from the week
It may seem backbreaking to conceive , but OpenAI is still a startup , hence its go back top spot here . There were other interesting stories this calendar week , though .
BillionAI : OpenAIraised $ 6.6 billionat a $ 157 billion post - money valuation , in addition to securinga $ 4 billion revolving line of creditand launchinga new interface . The companyreportedlyasked investors not to back rivals such as Anthropic and xAI , but OpenAI did n’t affirm . Meanwhile , Anthropichired OpenAI carbon monoxide gas - founder Durk Kingmain a remote part .
Attack of the dead ringer : Y Combinatorfaced criticism for backing AI code editor PearAI , whose chief executive officer excuse for clone another YC - backed , opened root project without proper ascription and with a “ bollix ” licence .
Livestreamed shopping : Livestream shopping app Whatnot say its yearly gross ware loudness ( GMV)surpassed $ 2 billion this year , a sign that there ’s still desire for the live commerce business in the U.S.
Most interesting fundraises this week
Some caller prefer to raise funding under the radio detection and ranging ; others even operate underwater .
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Exhibit at TechCrunch Sessions: AI
Deep end : AI tease startup Poolsideraised a $ 500 million Series B round of fundingled by Bain Capital Ventures , with involution from eBay and Nvidia . This allowed Poolside to bring 10,000 Nvidia GPUs online to train succeeding poser , CEO Jason Warner said .
coolheaded water supply : Barcelona - establish immersion cooling startup Submerraised $ 55.5 millionto get more client for its solution , which is already used by hyperscalers , telecom companies , and other declamatory bay window .
11x match a16z : 11x.ai , a inauguration that develops AI sales bot , secured a Series B one shot of fundingof approximately $ 50 million led by Andreessen Horowitz , TechCrunch learned .
surreptitious funding : Cloud championship startup Eon came out of stealthand break it already reached a $ 750 million post - money evaluation after raising three circle of support , including a $ 77 million Series B.
More stealthy funding : Series , a procreative AI game - development platform , quietly raiseda $ 28 million Series A round of fundingfrom Netflix , Dell , a16z , and others .
Most interesting VC and fund news this week
Trim season : Veteran speculation firm CRVreturned $ 275 millionfrom its $ 500 million late - stage Select fund to investor , citing overestimate of fledged startups . This follows a standardized move by India ’s Peak XV , whichreduced its fund size and feesamid sign of overheating .
Launching : Former Y Combinator do director and Twitter executive Ali Rowghani islaunching Maxq , a fresh venture firm target $ 250 million for its debut monetary fund .
NY bullish : Index Ventures is looking tohire another New York - based investorwith plan to append three or four unexampled people to its local team within the next year , partner Shardul Shah told TechCrunch .
Last but not least
peach to TechCrunch global managing editor Matt Rosoff ahead of this twelvemonth ’s Startup Battlefield 200 at TechCrunch Disrupt , New York tech investor and serial enterpriser Kevin Ryanshared some thoughts on when and whether founders should sell their company . His conviction : More of them should .
