Topics
Latest
AI
Amazon
Image Credits:Dennis Skley(opens in a new window)/Flickr(opens in a new window)under aCC BY-ND 2.0(opens in a new window)license.
Apps
Biotech & Health
Climate
Image Credits:Dennis Skley(opens in a new window)/Flickr(opens in a new window)under aCC BY-ND 2.0(opens in a new window)license.
Cloud Computing
Commerce
Crypto
Image Credits:Getty Images
Enterprise
EVs
Fintech
Image Credits:Nuro
Fundraising
convenience
gage
Image Credits:TechCrunch
Government & Policy
Hardware
Layoffs
Media & Entertainment
Meta
Microsoft
seclusion
Robotics
protection
Social
Space
startup
TikTok
Transportation
Venture
More from TechCrunch
outcome
Startup Battlefield
StrictlyVC
Podcasts
Videos
Partner Content
TechCrunch Brand Studio
Crunchboard
Contact Us
receive to Startups Weekly — your weekly recapitulation of everything you ca n’t miss from the world of startups . Want it in your inbox every Friday?Sign up here .
Startups are n’t isolated from the world . But this week , funding news felt positively uncorrelated from the overall news round , extend somewhat of a reprieve — or perhaps just more clock time to prepare to enthrone in “ planetary and social health , ” as one new fund plan to .
Most interesting startup stories from the week
This week included an going , a cause , a disappointing sales agreement , and a scientific controversy .
OpenAI alumni : Former OpenAI CTO Mira Murati securedtwo novel gamey - visibility advisers with preceding crosstie to OpenAIfor her young venture , AI inauguration Thinking Machines Lab . As for OpenAI Centennial State - founder and former chief scientist Ilya Sutskever , hechose Google Cloud ’s TPU chipsto power the enquiry take by his new AI startup , Safe Superintelligence .
friend and enemy : OpenAI is reportedly consider spend $ 500 million toacquire io Products , the AI hardware startup that Jony I ve is build with Sam Altman , although the two companies could end up partnering rather . Meanwhile , OpenAI ’s quarrel with Elon Musk cover , this time with acountersuit against its former supporter .
Leaving Deel : Deel ’s head of communicationsleft the HR tech fellowship , which is criminate ofplanting a spyat competitor startup riffle .
Colossal or not : Colossal Biosciences claims to have resurrected the dire wolf , but scientists without ties to the companionship challenge the title — and there ’s still a debate over its $ 10.2 billion evaluation and whether it’sundervalued or overblown .
Join us at TechCrunch Sessions: AI
Exhibit at TechCrunch Sessions: AI
Yo - yo : Lyst , the British fashion market place once respect at around $ 700 million , has beenacquired for just $ 154 million in cashby Japan - based Zozo .
Not so solid : Banking - as - a - service startup Solidfiled for Chapter 11 bankruptcy protection , citing “ significant and costly judicial proceeding . ” It had raised closely $ 81 million but look a legal challenge in 2023 when Series B backer FTV Capital sue to regenerate its $ 61 million investment .
Most interesting VC and funding news this week
This calendar week was a lot smoother in startup land than in the stock certificate market , with mickle of deal and store announcement .
Road turn : sovereign driving startup Nurosecured a $ 106 million Series E at a $ 6 billion valuation , down from $ 8.6 billion in 2021 . The valuation magnetic dip ruminate not only market place drift , but also that the troupe may involve less capital as it pivot from bringing robots to licensing its applied science .
Power to the citizenry : Base Power , a fast - growing Texas - base home assault and battery fill-in provider , raised a $ 200 million Series Bled by Addition , Andreessen Horowitz , Lightspeed Venture Partners , and Valor Equity Partners .
streak - similar : Sipay , an Istanbul - based fintech startup that bills itself as “ Stripe for emerging markets,”raised a $ 78 million Series Bat an $ 875 million rating to expand alfresco of Turkey .
Make it rain down : Earned remuneration access inauguration Rainraised an all - equity $ 75 million Series hemorrhage by Prosus , which it plans to use to add together credit card and make unnecessary products to its offering .
Watching from above : Brinc Drones , a Seattle - base police drone inauguration founded by 25 - twelvemonth - sometime college dropout Blake Resnick , enhance $ 75 million in fresh fundingled by Index Ventures .
quiet coevals : Krea , a San Francisco - free-base startup that helps designers and visual creatives use tooling from several reproductive AI model , disclosed having raised $ 83 million in several tranche , includinga $ 47 million Series B.
Still rent humans : Artisan , an AI sale agent startup known for its “ quit hiring humans ” selling campaign , raised a $ 25 million Series Athat will help it add 22 member to its squad of 35 mass .
Billions under direction : SignalFirelocked more than $ 1 billion in fresh majuscule , bringing its total assets under direction to about $ 3 billion . And Lerer Hippeauclosed its ninth investment trust at $ 200 million , up from its $ 140 million 8th stock , and bringing its assets under direction to $ 1.4 billion .
Two clock time ’s a charm : Berlin - based VC business firm Reventsecured a $ 109 million Fund IIto adorn in “ planetary and social health ” startup . kinsfolk - business office - move around - VC DIG Ventures alsoraised $ 100 millionfor its second fund , which it will mostly deploy in Europe to back other - stagecoach startups in B2B SaaS , AI , and cloud infrastructure .
Last but not least
San Francisco mayor Daniel Lurie lately stated at TechCrunch ’s StrictlyVC consequence that he is personally call technical school CEO to askhow the city can be more supportive . “ I ’m calling entrepreneurs and say , ‘ How can we keep you here ? ’ or ‘ How can we get you back ? ’ ” Lurie said .
