Founders Fund

Brex’s departing CRO explains his decision to join Founders Fund

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Disney-backed Inworld raises new cash for its AI-powered virtual characters

If software is eating the world, AI isn’t far behind. AI-powered text-, art- and audio-generating systems will soon make — and already are making — their way into the tools people us

Pomelo exits stealth mode with $20M seed to rethink international money transfer

Eric Velasquez Frenkiel had a seemingly simple thought when visiting his family in the Philippines, impressed by the cashless economy that had formed. Instead of sending money to his family once a yea

Urban Innovation Fund, VMG Catalyst among female-led firms raising new funds

Venture capital firms continue to raise new funds, at what seems like lightning speed, and two firms stuck out in recent days.

There’s always another nightmarish crypto hack around the corner

Welcome back to Chain Reaction. Last week, we looked at the near-term future for crypto gaming as VCs zero in on where to place consumer bets. This week, we’re looking at hardware wallets and th

Twitter denies Musk’s countersuit claims with a lot of snark

Twitter has filed a legal response denying Elon Musk’s counterclaims about the company he’s supposed to acquire — a deal he’s trying to exit by claiming Twitter fraudulently mi

Mudafy raises $10M in Founders Fund-led Series A to fix LatAm’s ‘broken’ real estate process

Mudafy, a tech-enabled real estate broker operating in Latin America, has raised $10 million in a Series A round of funding led by San Francisco-based Founders Fund. Founded in mid-2019, Mudafy operat

Arena raises money from Peter Thiel and David Petraeus for its decision-making AI

Can AI automate enterprise decision-making? It’s an exceptionally broad and challenging task — assuming it’s within the realm of possibility. But that’s what startup Arena clai

Tesla, SpaceX alums stalk energy sector’s white whale with $2 million seed round

Hgen hopes its "whole widget" approach to hydrogen production can decarbonize heavy industry and long-haul shipping.

Neon nabs $30M to build a scalable cloud service for Postgres databases

Neon, a startup providing developers with a serverless option for Postgres databases, today announced that it raised $30 million in a Series A-1 round led by GGV with participation from Khosla Venture

Founders Fund backs Pulley as it helps companies make better decisions about equity

The new funding comes as Pulley launches a free plan, called Pulley Seed, for new customers that have fewer than 25 stakeholders.

Traba raises $20M to match contractors with events and warehouse work

Traba, a jobs board designed to help entry-level workers find available shifts at fulfillment centers and event venues, today announced that it raised $20 million in a Series A round. Khosla led the f

Sequoia Capital India and Founders Fund back UAE-based proptech startup Huspy in its $37M round

Founders Fund has made its first investment in the Middle East by backing UAE-based proptech startup Huspy. The $37 million Series A round, one of the largest at this stage in MENA, was led by Sequoia

Anduril is raising up to $1.2B, sources say at a $7B pre-money valuation, for its defense tech

Technology built to improve state resilience — be it in the form of cybersecurity, energy independence, national defense or something else entirely — has come into stronger focus in the wa

Tactic wants to reinvent accounting software for the web3 age

Tactic, a startup that helps businesses manage — and simplify — cryptocurrency finances, is emerging from stealth today with $2.6 million in seed funding. Founders Fund and finance automat

Amazon aggregator Thrasio begins layoffs, names new CEO

The layoffs and new CEO appointment are the latest developments in a series of ups and downs for Thrasio.

Exafunction aims to reduce AI dev costs by abstracting away hardware

The most sophisticated AI systems today are capable of impressive feats, from directing cars through city streets to writing human-like prose. But they share a common bottleneck: hardware. Developing

Ondo’s decentralized investment bank matches crypto companies with capital providers

The crypto-based decentralized finance ecosystem has, despite bouts of volatility, been ballooning in terms of assets since last year’s “DeFi summer.” DeFi is quickly maturing, which

Inventa poised to enter Mexico, Colombia with its supplier marketplace

Its technology connects retailers with suppliers for inventory discovery and also provides credit so retailers can flexibly pay suppliers.

DJ and crypto startup founder 3LAU explains the value behind music NFTs

When people think of NFTs, the first use case most of them likely think of is visual art. From Beeple’s $69 million sale of a digital collage at Christie’s to the Bored Apes Yacht Club col
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