A naukri.com initiative
TechCrunch
4d
305
Image Credit: TechCrunch
VCs pledge not to take money from Russia or China, and Databricks raises a humongous round
- More than 20 VC firms, many of which invest in defense tech, signed the Clean Capital Certification, self-attesting that they have not and will not take money from U.S. geopolitical adversaries such as China and Russia.
- The AI hype is distorting aggregate VC data, impacting non-AI startups' fundraising landscape, with many facing challenges in raising Series B funding.
- Nuclear startup Oklo signed a massive but nonbinding agreement with data center operator Switch, subject to approval from the Nuclear Regulatory Commission.
- Grammarly acquires productivity startup Coda, with Coda's CEO becoming the new CEO of Grammarly.
- Databricks raises $10 billion in one of the largest VC rounds, potentially its last before IPO.
- South African fintech Tyme Group raises $250 million, reaching unicorn status with a valuation of $1.5 billion.
- Finnish wearable startup Oura raises $200 million at a valuation of $5.2 billion.
- Evinced raises $55 million to expand into European markets for online accessibility compliance.
- San Francisco-based AI startup Decart secures $32 million just two months after coming out of stealth.
- Turkish startup Agave Games raises $18 million for team expansion and upcoming titles.
- Marcy Venture Partners merges with Pendulum Opportunities to form MarcyPen Capital Partners with $900 million in assets under management.
- Backstage Capital founder moves to an advisory role, with 360 Venture Collective acquiring a significant stake in Backstage's management entity.
- G2 Venture Partners is raising $750 million for its third fund, indicating LP bullishness for climate and sustainability startups.
Read Full Article
18 Likes
For uninterrupted reading, download the app