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Startups Weekly: Fast and furious
- The startup ecosystem saw rapid developments this week with notable acquisitions and funding rounds.
- Wix acquired Israeli startup Base44 for $80 million, and Ramp's valuation jumped to $16 billion in just three months.
- Meta's deal to acquire 49% of Scale AI for $14.3 billion revealed new details, while OpenAI severed ties with Scale AI.
- The U.S. Department of Defense awarded a contract worth up to $200 million to OpenAI, potentially affecting its relationship with Microsoft.
- Applied Intuition secured a $600 million Series F, Helsing closed a €600 million investment, and Coralogix became a unicorn after a $115 million Series E.
- Mach Industries raised $100 million, Aspora closed a $50 million Series B, and Sword Health received $40 million funding, delaying its IPO plans.
- Multiplier Holdings raised $27.5 million, Grifin secured $11 million in a Series A round, and Polar raised $10 million in a seed round.
- Endeavor Catalyst aims to raise $300 million for its fifth fund to invest in fast-growing startups in emerging markets.
- Fintech investor Alexa von Tobel anticipates Fintech 3.0, emphasizing deep product reinvention to meet changing economic needs.
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