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Startups Weekly: It’s buying season
- Startups Weekly highlighted a busy week of acquisitions in the startup world, ranging from stealth startups to larger ones.
- Key acquisitions included Cellebrite acquiring Corellium for $170 million, IBM acquiring Seek AI, and Collibra acquiring Raito for data governance.
- AMD acquired Brium to challenge Nvidia in AI software optimization, and Snowflake planned to purchase Crunchy Data to enhance Postgres capabilities.
- Interesting developments included Scale AI hiring the team from Pesto AI, Airtime laying off employees, and Indian grocery startup KiranaPro being hacked.
- In VC news, Anduril raised a massive $2.5 billion Series G round, Cursor secured $900 million, and Neuralink obtained $650 million in a Series E funding.
- Bolttech closed a $147 million Series C, Speedata raised $44 million, and Nomupay landed a $40 million Series C to expand in Asia.
- Obvio raised $22 million for its AI-driven initiative to detect unsafe driving, and North American AI startups dominated in VC funding compared to Europe and Asia.
- Elad Gil, known for investing in AI startups early on, now focuses on traditional businesses that AI can revolutionize and make more profitable.
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