General Catalyst, one of Silicon Valley’s largest capital firms, is gearing up to launch what’s known as a “continuation fund” worth between $ 800 million and $ 1 billion, according to a person familiar with the plans. A continuation fund consists of a portion of stakes that the VC firm has in portfolio companies. With […]
11x.ai, a developer of AI sales reps, has raised $50M Series B led by A16Z, sources say
11x.ai, a startup that develops AI-powered sales development bots, has secured roughly $ 50 million in Series B funding, TechCrunch has learned. The new round was led by Andreessen Horowitz, valuing the company at around $ 350 million, multiple sources told TechCrunch. The recent deal follows the company’s $ 24 million Series A, which was […]
Grok’s image generator, Black Forest Labs, is raising $100M at a $1B valuation, say sources
While OpenAI pursues yet another monster fundraise, it is not stealing all the oxygen in the room: AI startups building promising foundational models can still open doors, and checkbooks. Multiple sources tell us that Black Forest Labs — a startup that’s building generative AI image models and came out of stealth two months ago with […]
Atomico backs Tem to help businesses buy renewable energy directly from sources
A U.K. startup wants to do for utilities what neobanks have been doing for the financial sector for more than a decade: disrupt an age-old industry using technology, streamline it and cut out the middlemen. London-based Tem has built a marketplace and platform to connect businesses directly to renewable energy sources, and it is working […]
Anysphere, a GitHub Copilot rival, has raised $60M Series A at $400M valuation from a16z, Thrive, sources say
Anysphere, a two-year-old startup that’s developed an AI-powered coding assistant called Cursor, has raised over $ 60 million in a Series A financing at a $ 400 million post-money valuation, two sources familiar with the deal told TechCrunch. The round was co-led by Andreessen Horowitz and Thrive Capital. Patrick Collison, co-founder and CEO of Stripe, […]