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Startups Weekly: No sign of pause
- Startups Weekly provides a recap of important startup news with no slowdown in June, despite WWDC.
- Neobank Chime went public in a highly anticipated IPO, despite facing near-death in 2016.
- Genetics testing startup Nucleus Genomics faced criticism for a controversial new product called Nucleus Embryo.
- Automattic, owner of WordPress.com, acquired startup Clay, specializing in relationship management apps.
- Brad Menezes, CEO of Superblocks, advises founders to explore system prompts used by AI unicorns for billion-dollar ideas.
- Multiverse Computing raised €189 million in a Series B round to reduce the size of LLMs for AI cost reduction.
- Glean, an enterprise AI company, secured $150 million in Series F, valuing it at $7.2 billion.
- Fervo Energy received $206 million in funding for a geothermal power plant in Utah.
- Proxima Fusion secured a €130 million Series A round, and Coco Robotics, backed by Sam Altman, raised $80 million.
- Canary, a hotel guest management platform, closed an $80 million Series D funding round.
- Tebi, a new fintech startup, raised $34 million led by Alphabet's CapitalG.
- Definely, an AI legal tech startup, raised $30 million Series B to streamline contract reviews.
- Landbase, an AI sales startup, closed a $30 million Series A round.
- Collab Capital, led by Jewel Burks Solomon, closed a $75 million Fund II for seed and Series A investments.
- The U.S. Navy welcomed new startup partnerships, with insights shared on working with startups in the Navy.
- The startup ecosystem continues to see vibrant activity, with acquisitions, fundings, and impactful launches.
- Eligible for Web Story
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