Investors and funding

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The Big Four bill by the hour. Andera just raised $37M to let AI do the audit.

Audit is the part of corporate life almost no one thinks about, and almost everyone pays for. Public companies spend thousands of hours a year collecting evidence, testing controls and writing it all up. Most of it is done by hand, in Excel, much the way it was in 2002. Andera wants to hand that […]

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The Big Four bill by the hour. Andera just raised $37M to let AI do the audit. Read More »

He spent 15 months hunting for compliance software that didn’t exist. So he built Flagright, which just raised $12.5M.

Baran Ozkan spent 15 months looking for software that did not exist. As head of financial-crime product at a European bank, he wanted a single tool to catch money laundering and fraud. Vendors overpromised. His own employer tried to build one in-house and failed. So he built it himself. His startup, Flagright, has now raised […]

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He spent 15 months hunting for compliance software that didn’t exist. So he built Flagright, which just raised $12.5M. Read More »

General Atlantic wants to back China’s Kling AI at $18bn. Beijing is telling its AI firms to refuse US money.

A US investor wants to buy into China’s most successful AI-video company. The timing could hardly be more awkward. General Atlantic is in talks to lead the first outside funding round for Kling AI, the video arm of Chinese tech group Kuaishou, Bloomberg reported. Kling is seeking more than $2bn at a valuation of $18bn, […]

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General Atlantic wants to back China’s Kling AI at $18bn. Beijing is telling its AI firms to refuse US money. Read More »

Rejected by 180 investors, Bland just raised $50M to prove voice AI is the future

Isaiah Granet spent three weeks at Y Combinator getting turned down by 180 investors. Their reason was always the same: phone calls would not exist in a year. He has now raised more than $100mn to prove them wrong. His startup, Bland, has closed a $50mn Series C led by Dell Technologies Capital, Fortune reported. […]

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Rejected by 180 investors, Bland just raised $50M to prove voice AI is the future Read More »

SpaceX adds Sequoia’s Roelof Botha to its board, days after record $75 billion IPO

SpaceX has appointed Roelof Botha, the former steward of Sequoia Capital, to its board of directors. The appointment, disclosed in an 8-K filing on 17 June, comes less than a week after the company’s record-breaking $75 billion IPO. Botha will serve as an independent director and join SpaceX’s audit committee immediately. He fills an existing vacancy on the […]

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SpaceX adds Sequoia’s Roelof Botha to its board, days after record $75 billion IPO Read More »

Nvidia-backed Verse raises $54M to help AI data centres skip the power queue

For years, the scarce resource in AI was chips. Now it is power. Verse Enterprises wants to unblock that bottleneck. The San Francisco startup has raised an oversubscribed $54mn Series B. Bessemer Venture Partners led the round. GV, Nvidia and Norrsken VC also took part. The race to AI is now a race to power […]

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Architect Labs raises $24M to let any company design its own AI chip

Designing a chip is hard. It takes years, hundreds of millions of dollars, and a tiny pool of experts. Most of them sit inside a few large companies. Architect Labs wants to change that with AI. The Palo Alto startup left stealth on Thursday with a $24mn seed round. Its plan is to build an […]

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Gradial raises $65M to be the ‘AI glue’ for enterprise marketing

Every software company is racing to bolt an AI agent onto its own product. Gradial is betting the real money is in the gaps between them. The Seattle startup has raised $65mn in Series C funding to build what it calls an operating system for marketing: a layer of AI agents that execute work across […]

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Gradial raises $65M to be the ‘AI glue’ for enterprise marketing Read More »

California expected a tax bonanza from AI IPOs. Modern compensation structures may blunt the windfall.

SpaceX is now valued at $2.5 trillion. OpenAI and Anthropic are expected to go public later this year at valuations approaching $1 trillion each. California, where all three companies are based or have significant operations, should be looking at the largest IPO tax windfall in state history. The reality may be more complicated. Facebook’s 2012 […]

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California expected a tax bonanza from AI IPOs. Modern compensation structures may blunt the windfall. Read More »

While Helsing and Anduril chase billion-dollar valuations, Comand AI raised €32M for the layer above them

The defence-tech land grab has a new front, and it sits above the drones and sensors that get the headlines. Comand AI, a Paris startup building AI software for military command, has raised a €32mn Series A led by Blossom Capital, with a strategic investment from Sweden’s Saab and renewed backing from Expeditions. The round […]

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While Helsing and Anduril chase billion-dollar valuations, Comand AI raised €32M for the layer above them Read More »

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