While online discourse would make it seem that venture has retreated to the Bay Area, with San Francisco being the most important place to build a startup, Index Ventures is looking to bulk up its New York-based investing team. The firm is currently looking to hire another New York-based investor with plans to add three […]
Amazon dodges antitrust scrutiny in UK over Anthropic investment
The U.K.s’ antitrust authority has concluded that Amazon’s partnership and equity investment in AI startup Anthropic can’t be investigated under current merger rules due to the size and scope of the deal. The U.K. Competition and Markets Authority’s (CMA) announcement comes six months to the day after news emerged that Amazon had completed a $ […]
As war rages in Ukraine, investment in European defense and dual-use tech skyrockets
A billion dollars of venture capital will be invested into European defense technology in 2024, a first for the continent, and a five-fold increase since 2018. The investment comes as a result of both increasing geopolitical unrest and the brutal invasion of Ukraine by Russia. The data, contained in a new Dealroom report, shows that […]
Generative AI coding startup Magic lands $320M investment from Eric Schmidt, Atlassian and others
Magic, an AI startup creating models to generate code and automate a range of software development tasks, has raised a large tranche of cash from investors, including ex-Google CEO Eric Schmidt. In a blog post on Thursday, Magic said that it closed a $ 320 million fundraising round with contributions from Schmidt, as well as […]
Pylon lands $17M investment to build a full service B2B customer service platform
Last year Pylon, an early San Francisco startup, was just trying to build its product and bring it to market with a fresh $ 3.2 million seed investment in its pockets. That product involved helping companies track, manage and route B2B customer conversations in channels like Slack, Microsoft Teams and Discord. What the company learned, […]