Paris-based AI voice startup Gradium raises $100M seed, backed by Nvidia
The company is using the cash to open an office in the Bay Area and compete for talent there, “strengthening its position at the heart of the world’s leading AI ecosystem.”
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Mercor is in talks for a $20B valuation
A new $20 billion valuation would be a giant step up from the $10 billion valuation it reached in October.
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Charles Hudson shares the common mistakes he’s seen after investing in 500+ startups
In this week’s episode of Build Mode, Isabelle Johannessen talks with Precursor Ventures’ Charles Hudson about the headwinds facing early-stage founders today and the most common mistakes founders should avoid in order to get funded.
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Apps | Fundraising | Social | Venture
Filing: College app Fizz accuses VC of sharing confidential startup information with rival Sidechat
Fizz has expanded its lawsuit against rival Sidechat, alleging that a Maveron VC shared its confidential information obtained during a fundraising meeting with the competing startup.
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Reed Jobs would rather talk about curing cancer than his last name
When we last sat down with Jobs at TechCrunch Disrupt nearly three years ago, his firm Yosemite was brand new and biotech was still reeling from its post-pandemic crash. Now, the venture outfit has a team of 17; a cluster of blockbuster drugs are all losing patent protection in roughly the same window, creating all kinds of new opportunities; and AI has gone from a curiosity to, in Jobs’ words, a huge part of what Yosemite does. “I didn’t expect Yosemite to be moving this fast,” he said.
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Hermes agent maker Nous Research in talks for new funding at $1.5B valuation
The company is raising at least $75 million, led by Robot Ventures, with significant participation from USV and other prominent investors.
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David Beckham’s health drink startup IM8 takes $1B from General Catalyst’s unusual CVF fund
General Catalyst’s Customer Value Fund doesn’t make equity investments. It’s providing $1 billion for IM8, known for its longevity vitamin drink.
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OpenAI researcher Miles Wang in talks to launch AI drug discovery startup valued at $2B
The funding discussions point to investor interest in applying AI to make breakthroughs in life sciences.
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Why Greylock capped its new fund at $1.5B when it says it could have raised more
By keeping the number of investments to about 25 per fund, Greylock aims to remain what it calls “the most important partner” to its founders.
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AI-powered travel agency Fora hits unicorn status, raises $60M
Travel agency Fora announced a $60 million Series D round led by Forerunner and Tactile Ventures, valuing the company at $1 billion.
