The U.S. restaurant industry is expected to pass $ 1 trillion in sales for the first time this year, despite wider economic pressures on consumers. Now Restaurant365, a startup building tech to manage those businesses, has raised a hot round of $ 175 million to capitalize on that growth. The funding is being led by […]
Sources: Mistral AI raising at a $6B valuation, SoftBank ‘not in’ but DST is
Investors are feverishly continuing to evaluate AI startups, and to try to avoid simply chasing a fad, they are paying extra-close attention to founders building what are typically described as “foundational” technology. Paris-based Mistral AI, a startup working on open source Large Language Models — the building block for generative AI services — has been […]
Perplexity is raising $250M+ at a $2.5-$3B valuation for its AI search platform, sources say
Perplexity, the AI search engine startup, is a hot property at the moment. TechCrunch has learned that the company is currently raising at least $ 250 million more at a valuation of between $ 2.5 billion and $ 3 billion. The news comes on the heels of two other big fundraises that have seen company’s […]
Fintech startup Ramp sees 32% bump in valuation, Mercury expands into consumer banking
Welcome to TechCrunch Fintech! This week, we’re looking at Ramp’s big raise and valuation jump, Mercury’s move into personal banking, Klarna’s new credit card, global funding rounds and more! To get a roundup of TechCrunch’s biggest and most important fintech stories delivered to your inbox every Sunday at 7:00 a.m. PT, subscribe here. The big story Ramp, […]
Ramp raises another $150 million co-led by Khosla, Founders Fund at a $7.65B valuation
Spend management startup Ramp has raised another $ 150 million at a post-money valuation of $ 7.65 billion, the company confirmed to TechCrunch today. New investor Khosla Ventures and existing backer Founders Fund co-led the raise, which also included participation from new backers Sequoia Capital, Greylock and 8VC. Other existing investors Thrive Capital, General Catalyst, […]