Mira Murati, the OpenAI CTO who announced her departure last month, is raising VC funding for a new AI startup, according to Reuters. This startup will reportedly focus on building AI products based on proprietary models and could raise more than $ 100 million in this round. At the time of her departure, Murati wrote […]
Byju’s founder says his edtech startup, once worth $22B, is now ‘worth zero’
Byju Raveendran, the founder of the embattled edtech group Byju’s, acknowledged on Thursday afternoon that he made mistakes, mistimed the market, overestimated growth potential and that his startup, once valued at $ 22 billion, is now effectively worth “zero.” Speaking to a group of journalists, Raveendran said the company’s aggressive acquisition of more than two […]
General Catalyst reportedly to back Saudi Arabian startup
Despite Saudi Arabia’s record of human rights abuses, some investors are warming up to investing in the country’s startups. General Catalyst is planning to invest in Lean Technology, a Saudi Arabia-based fintech startup, the firm’s first investment in the Middle Eastern nation, the Information reported. Other Saudi Arabian startups that U.S.-based investors recently backed include […]
Databricks, Snowflake, and Battery Ventures discuss when to cash out or scale your startup at TechCrunch Disrupt 2024
Navigating the complex decision of when to sell a startup or keep pushing forward is one of the toughest challenges founders face. In an era where IPOs are frequently delayed and acquisition offers arrive earlier, determining the right moment to either cash out or stay independent is increasingly nuanced. We’re excited to welcome three distinguished […]
UK digital ‘end-of-life’ services startup Farewill acquired for $16.8M
Farewill, a U.K.-based end-of-life services provider that offers online tools for writing wills, organizing probate, and arranging cremation, has been acquired by funeral service provider Dignity in an all-shares deal valuing the startup at £12.9 million ($ 16.8 million). The deal is a classic case of an established legacy incumbent chasing growth by buying a […]