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Entrepreneurship is a story of birth and death. This was confirmed this week and confirmed that the unicorn was not dead.
The most interesting entrepreneurial story of the week
As often happens in the startup world, it’s already been a week of beginning and ending.
Thinking machine: Thinking Machines Lab, a new AI startup from former Openai Cto Mira Murati, From Invisible This week, it was not confirmed how much it may have raised from venture capital. Meanwhile, Ilya Sutskever’s startup security superintelligence (SSI) is About $1 billion has been reportedly raised.
Humane murder:Humane, the hardware startup behind the flawed AI PIN, announced most of its assets Has been acquired by HP $116 million.
Money-back guarantee: San Francisco-based entrepreneurial future family New IVF insurance products launched In the United States, if the treatment is not successful after two rounds, it can be returned to the prospective parents.
Low battery: Former Silicon Valley Dear Nikola Company File for bankruptcy This week. Hydrogen freight startups failed to find buyers or get additional funds to maintain operations.
The most interesting VC and funding news of the week
We think the days of calculating unicorns are behind us, but not that much. Plus, Legal AI is hot, and the looming budget cuts new biotech risk funds.
Quadririririretrich: Austin-based defense startup Saronic rises $600 million Series C To build an automatic shipyard, it was also valued at $4 billion from the previous round.
New horn: AI-coded startup Codeium is in talks to raise a new round led by Kleiner Perkins six months after raising $150 million in Series C. At $2.85 billionSources told TechCrunch.
Join the club:Hightouch is a startup co-founded by a former engineering manager who provides AI-driven marketing tools At $1.2 billion.
Augury, whose AI-based hardware detects faults in factory machines, Received $75 million in equity funds It’s still shutting down as part of the F series. CEO and founder Saar Yoskovitz said it is a highly valued startup with more than $1 billion.
After a billion dollars: After raising $1 billion so far Since 2015, Fintech Varo has closed $29 million in the $55 million Series G it hopes to raise. Its CEO and founder Colin Walsh also recently announced that he is resigning.
Half: SANAS, using AI to change the accent of call center workers in real time, Closed $65 million in funding roundvaluation at a price of more than $500 million.
Legal AI: AI-powered legal technology startups are getting brighter $75 million in Series C financing This is after several other deals completed by competitors, confirming that the space is heating up.
New Fund: Amid the uncertainty of funding at the National Institutes of Health (NIH), the Altitude Laboratory’s predicted venture capital fund will consider investment $100,000 to $250,000 Among biotech startups eligible for Small Business Innovation Research (SBIR) funding.
last but not least
Andreessen Horowitz may have $45 billion in assets, but Marc Andreessen Not to be “openly on this point.” The co-founder of A16Z talked about this week’s investments, discussing his goal to build it into a lasting company.
