Anthropic says it's about to have its first profitable quarter | TechCrunch
… These financials were recently shared with the company’s investors as part of a funding round. …
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Anthropic raises $65 billion, nears $1T valuation ahead of IPO | TechCrunch
… Shaw Ventures, DST Global, and Fidelity Management & Research participated in the round. Strategic infrastructure partners, including Samsung, SK Hynix, and Micron, also joined the round. …
What the jury will actually decide in the case of Elon Musk vs. Sam Altman | TechCrunch
… OpenAI’s attorneys argue that the terms of that deal were spelled out in a term sheet for a previous fundraising round in 2018, which Musk received and his advisers reviewed, but Musk said he didn’t read in detail. …
Indian Uber rival Rapido raises $240M at $3B valuation | TechCrunch
… Rapido said the fresh capital would be used to increase its footprint in high-growth markets, strengthen its driver network, and invest in technology and platform efficiency. “We are going deeper into markets where demand exists, but supply remains fragmented,” Rapido co-founder Aravind Sanka said … …
H1 secures $40M from CVS, proving SaaS startups can still attract investment | TechCrunch
… CVS Health Ventures, the corporate venture capital arm of the CVS/Aetna health giant, must agree that H1 is in no danger of becoming a victim of the “SaaSocalypse.” The investor just led a $40 million round into H1. …
Robinhood's venture fund IPO attracted 150,000+ retail investors, CEO says | TechCrunch
… No accreditation requirements and no carry,” Tenev said in the interview. “So just a competitive management fee, no carry — which, for those of you familiar with venture capital, typically, when you invest in a fund as an LP, you pay a management fee, but there’s also a carry of typically around 20… …
Sam Altman makes 'mic drop' offer to every Y Combinator startup | TechCrunch
… It will depend on how much the startup is worth when it raises its first priced round — a funding round in which investors assign the company a formal valuation. …
AI search startups are blowing up | TechCrunch
… Led by former Twitter Chief Executive Officer Parag Agrawal, Parallel recently raised $100 million at a $2 billion valuation in a round led by venture firm Sequoia Capital, according to the Wall Street Journal. …
India's first GenAI unicorn shifts to cloud services as AI model ambitions face reality | TechCrunch
… The changes also come after a series of layoffs at Krutrim over the past year, with more than 200 roles cut across multiple rounds, according to local media reports. …
Lime, the Uber-backed micromobility company, files for IPO | TechCrunch
… The ride-hailing and delivery giant led Lime's $170 million funding round in 2020. As part of that deal, Lime acquired Jump , the electric bike and scooter division that Uber bought back in 2018 for around $200 million. …