Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week once again brought us AI funding news, as well as some warnings: Some categories and stages are showing signs of overheating. Luckily, we also spotted […]
OpenAI also secured a massive credit line
In addition to OpenAI’s new $ 6.6 billion megaround of funding at a post-money valuation of $ 157 billion, the outfit has secured a $ 4 billion revolving line of credit, it disclosed in a post Thursday night. The arrangement gives it “access to over $ 10 billion in liquidity, which gives us the flexibility […]
Bootstrapped for over a decade, this Dallas company just secured $110M to help people pay bills by text
Solutions by Text, a company that gives people a way to pay their bills and apply for loans via text messaging, has secured $ 110 million in new growth funding. Edison Partners and StepStone Group co-led the equity portion of the raise while Stifel Venture Bank provided a lending facility, which made up less than […]