venture funding
Stories tagged venture funding.
AI Graveyard Grows as Relay Shuts Down and Character.ai Files for Bankruptcy
A running tally of artificial intelligence ventures that have closed, pivoted or fallen short now includes workflow automation tool Relay and chatbot platform Character.ai. Roughly 42% of corporate AI initiatives are ultimately abandoned, according to S&P Global Market Intelligence.
Neko Health Brings Its Full-Body Scan Model to the U.S. After $700 Million Raise
Neko Health, the preventative-health startup founded by Spotify's Daniel Ek, has raised $700 million and expanded into the American market. It is not the only company betting on consumer body scanning as a new front in healthcare.
Flow Engineering raises $50M Series B at $750M valuation for AI hardware design tools
San Francisco-based Flow Engineering has raised a $50 million Series B at a $750 million valuation, co-led by Valor Equity Partners and Atreides Management, with Sequoia Capital participating.
AI Data Center Boom Dominates New York Climate Week, Dividing Climate Tech Founders
This year's New York Climate Week was shaped by the AI buildout, with climate tech founders and investors split over the data centers driving demand for new natural gas plants. Many energy-focused startups have repitched themselves around AI to land fresh funding.
Nykaa and L'Oréal's BOLD Fund to Take Minority Stakes in Indian Beauty Brands
Nykaa, India's largest beauty retailer, and L'Oréal's corporate venture fund BOLD will jointly invest in high-growth Indian beauty and personal care brands, taking minority positions. The investments are purely financial, leaving founders with full ownership and day-to-day control of their businesses.
Snorkel AI raises $350M Series E at $3.5B valuation as training-data demand surges
The seven-year-old data startup nearly tripled its valuation in 17 months, securing a $350 million Series E led by Insight Partners and S32 to expand its data-as-a-service business.
Pulley, Cap Table Platform Backed by Stripe and Founders Fund, to Shut Down December 8
Cap table management startup Pulley, which raised more than $50 million from investors including General Catalyst, Stripe and Founders Fund, will wind down operations on December 8 and hand its customers to rival Carta.