General Catalyst

Orchard vision system turns farm equipment into AI-powered data collectors

Agricultural robotics are not a new phenomenon. We’ve seen systems that pick apples and berries, kill weeds, plant trees, transport produce and more. But while these functions are understood to be t

Finom, a European challenger bank for SMEs, raises $54M

Finom, a European challenger bank aimed at SMEs (small and medium-sized enterprises) and freelancers, has raised €50 million ($54 million) in a Series B equity round of funding. Founded out of the N

Bugcrowd snaps up $102M for a ‘bug bounty’ security platform that taps 500K+ hackers

Bugcrowd — the startup that taps into a database of half a million hackers to help organizations like OpenAI and the U.S. government set up and run bug bounty programs, cash rewards to freelance

General Catalyst leads $200M investment into Bilt Rewards, doubling its valuation to $3.1B

Bilt Rewards, whose platform aims to allow consumers to earn rewards on rent and daily neighborhood spend, has raised $200 million at a $3.1 billion valuation, the company announced today. General Cat

General Catalyst eyes VC deal in India push

General Catalyst, one of the largest U.S. venture capital firms, is in talks to acquire an India-focused VC as part of efforts to expand its presence in the fast-growing South Asian startup market, th

PhysicsX emerges from stealth with $32M for AI to power engineering simulations

A lot of the buzz these days in artificial intelligence is around generative AI and how AI is being used to accelerate software and products for consumers. Today, an AI startup called PhysicsX —

General Catalyst and European early-stage fund La Famiglia ‘join forces’ to invest in European startups

In a move that will help cement the incursion of U.S.-based VCs into the European ecosystem, General Catalyst and La Famiglia have announced they are, in their words, “joining forces.” That’

Deal Dive: Why does General Catalyst want to buy a healthcare system?

Why would a VC firm want to own its own healthcare system? Why would it want that stress or such a costly asset when it could just continue with its healthcare partnerships?

Defense AI startup Helsing breaks the record for European AI, raising a $223M Series B

Helsing, a “Defense AI” startup backed by Spotify founder Daniel Ek which had previously raised €102.5 million, has today pulled in another €209 million ($223 million) in a Series B fu

Bandana is building a platform to help hourly wage workers find better jobs

Bandana’s co-founder and CEO Timothy Makalinao grew up in a working class household and saw firsthand how hard it can be for hourly wage employees to find decent work and support a family. When he l

Modular secures $100M to build tools to optimize and create AI models

Modular, a startup creating a platform for developing and optimizing AI systems, has raised $100 million in a funding round led by General Catalyst with participation from GV (Google Ventures), SV Ang

Pylon wants to make it easier to manage B2B conversations in Slack

As email becomes an increasingly clogged communication mechanism, businesses looking for more direct ways to communicate with their customers in a B2B context have been turning to Slack, Microsoft Tea

Gusto reaches $500M in trailing revenue, teams up with Remote to support international hires

Gusto, best known for its American payroll management software and services, is playing in the big leagues.

Payrails banks $14.4M for its OS for complex payments flows

Enterprises and marketplaces that need to take and make payments across multiple geographies and products have typically relied on mix-and-match bags of third-party services patched together by teams

Youth mental health startup Somethings launches with a $3.2M raise led by General Catalyst

Patrick Gilligan’s childhood struggle with food began when he was 10 years old. Placed on a caloric-restrictive diet by a doctor, the regime left him feeling ashamed and alone and triggered what wou

Hippocratic is building a large language model for healthcare

AI, specifically generative AI, has the potential to transform healthcare. At least, that’s the sales pitch from Hippocratic AI, which emerged from stealth today with a whopping $50 million in s

Triumph raises $14M for an SDK to add real-money tournaments into games

The surge of interest in e-sports, online fantasy leagues and more extensive online financial infrastructure have made the concept of real-money gaming more popular among consumers and games developer

Summer’s student debt repayment tools continue blooming with $6M Series A extension

To date, Summer has delivered over $1 billion in total projected savings for student loan borrowers across the United States.

Jigso is building an AI assistant to surface the data employees need automatically

Workers are being bombarded with data from a variety of sources. If the point is to make people more productive, as the volume increases, the more difficult it is to find the information you need to d

Adept, a startup training AI to use existing software and APIs, raises $350M

In another sign that the current VC appetite for AI is insatiable, Adept, a startup building AI that “enables humans and computers to work together creatively to solve problems,” yesterday
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