Startups

ICONIQ Growth raises $5.75B seventh flagship fund

ICONIQ Growth has raised $5.21 billion across two funds associated with the seventh growth fund family, according to SEC filings. However, the firm’s actual fundraise was $5.75 billion, accordin

Musk raises $6B for AI startup. Also, is TikTok dodging Apple’s commissions?

Welcome to Startups Weekly — Haje’s weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. Musk’s 10-month-old baby, xAI, is c

A comprehensive list of 2024 tech layoffs

The tech layoff wave is still going strong in 2024. Following significant workforce reductions in 2022 and 2023, this year has already seen 60,000 job cuts across 254 companies, according to independe

Despite recent successes, IPO market still won’t fully open until 2025

Experts say macroeconomic factors including the upcoming election and the current state of the economy will deter too many IPOs this year.

EQT snaps up API and identity management software company WSO2 for more than $600M

WSO2, a company that provides API and identity management services for enterprises, has been acquired by EQT for more than $600M.

Allozymes puts its accelerated enzymatics to work on a data and AI play, raising $15M

Allozymes uses a method in which millions of enzymes can be tested per day, rather than just a few hundred.

When a startup is better off saying no to revenue

It's hard for early-stage founders to say no to revenue from a large customer, whose needs might not align with the broader customer base.

How Y Combinator’s founder-matching service helped medical records AI startup Hona land $3M

Y Combinator's founder matching tool has quietly become one of most powerful offerings. That's how medical records AI startup Hona was founded.

Inside TC’s Techstars investigation and how AI is accelerating disability tech

The downturn in venture capital funding has impacted startups, VC firms, and accelerators alike. One company in the final category, Techstars, has been shaking up its operations for some time now, lea

Hubble Network makes Bluetooth connection with a satellite for the first time

Hubble Network has become the first company in history to establish a Bluetooth connection directly to a satellite — a critical technology validation for the company, potentially opening the door to

They thought they were joining an accelerator — instead they lost their startups

Lacey Hunter thought all was well as she put her startup through the three-month Newchip accelerator. Then the organization filed for bankruptcy in May 2023. Things went from bad to worse later that y

Your AI-native startup ain’t the same as a typical SaaS company

It's not building any startup, but building a defensible AI startup presents its own set of unique challenges.

1 month left to submit nominations for Startup Battlefield 200

Here’s your shot across the bow — there’s a little over one month left to nominate your startup for Startup Battlefield 200 at Disrupt. Join this elite group for a new and awesome opportunit

Dropbox, Figma CEOs back Lamini, a startup building a generative AI platform for enterprises

Lamini, a new startup with funding from Andrew Ng, has emerged from stealth with a generative AI platform aimed at enterprises.

Renda, which provides order fulfillment for businesses in Africa, takes in $1.9M

The logistics industry in Nigeria, like any informal sector, struggles with poor infrastructure and other inefficiencies, making it difficult for businesses — both large and small — to mov

Digital fraud detection startup BioCatch hits $1.3B valuation as Permira buys majority stake

Digital fraud detection company BioCatch has a new majority shareholder in the form of U.K private equity firm Permira.

ButcherBox acquires ‘Shark Tank’-featured startup Truffle Shuffle

ButcherBox is known for grinding its way forward, bootstrapping to more than $600 million worth of revenue. The company hasn’t traditionally been on the M&A path, but today it announced it is ac

Freshworks acquires Device42 for $230M, appoints Dennis Woodside as new CEO

Freshworks, the publicly listed SaaS firm, is acquiring U.S.-based startup Device42 for $230 million, the company disclosed in an SEC filing. Alongside the acquisition disclosure, Freshworks revealed

From Connie Chan to Ethan Kurzweil, venture capitalists continue to play musical chairs

When Keith Rabois announced he was leaving Founders Fund to return to Khosla Ventures in January, it came as a shock to many in the venture capital ecosystem — and not just because Rabois is a big n

Tiger Global-backed Innovaccer in talks to raise $250M in new funding, sources say

Innovaccer, a health tech startup that aggregates patient data across systems and care settings, is in advanced stages of talks with investors to raise as much as $250 million in a new financing round
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