Elon Musk’s AI startup, xAI, has raised $ 6 billion in a new funding round, it said today, in one of the largest deals in the red-hot nascent space, as he shores up capital to aggressively compete with rivals including OpenAI, Microsoft, and Google. Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity, Prince […]
Elon Musk’s xAI raises $6B from Valor, a16z, and Sequoia
Elon Musk’s AI startup, xAI, has raised $ 6 billion in a new funding round, it said today, in one of the largest deals in the red-hot nascent space, as he shores up capital to aggressively compete with rivals including OpenAI, Microsoft, and Google. Valor Equity Partners, Vy Capital, Andreessen Horowitz, Sequoia Capital, Fidelity, Prince […]
a16z promotes Jennifer Li to help lead the new $1.25B Infrastructure fund
Powerhouse venture capital firm Andreessen Horowitz is promoting Jennifer Li to general partner after six years at the firm. She’s being tapped to help invest the new $ 1.25 billion Infrastructure fund managed by longtime a16z general partner Martin Casado. The Infrastructure fund is part of the fresh $ 7.2 billion that the Silicon Valley […]
Cape dials up $61M from a16z and more for mobile service that doesn’t use personal data
AT&T’s recent mega customer data breach — 74 million accounts affected — laid bare how much data carriers have on their users, and also that the data is there for the hacking. On Thursday, a startup called Cape — based out of Washington, D.C., and founded by a former executive from Palantir — is announcing […]
2-year-old LatAm fintech Yuno reaches $150M valuation with backing from DST, Tiger, a16z
A couple of years ago, payments orchestration was a foreign term to many large companies Juan Pablo Ortega would speak to. Today, the Yuno co-founder and CEO doesn’t have to do as much explaining. “The perception has changed dramatically,” Ortega told TechCrunch. “Many large companies are now well aware of what payment orchestration is, and […]