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Poetic emerges from stealth with $50M from OpenAI to automate insurance underwriting and compliance

Poetic, an AI startup that has been operating in stealth, has emerged with $50M in funding and a $500M valuation to automate some of finance’s most sensitive back-office work, from insurance underwriting to compliance and fraud checks. Its backers include OpenAI, Peter Thiel’s Founders Fund, and Kleiner Perkins. The company was founded by Markie Wagner, […]

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Aryon Security raises $29M to stop cloud breaches before they happen

Aryon Security, an Israeli cloud-security startup, has raised $29M in a Series A round to push a prevention-first approach to securing the cloud. The round, which the company says brings its total funding to $38M, was led by US-based Brightmind Partners. The investor list is the headline. Shlomo Kramer’s Skinos Ventures, Datadog, Blumberg Capital, and […]

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Capsa AI raises $18M to build the ‘AI operating system’ for private equity

Capsa AI, a London and New York startup building what it calls an “AI operating system” for private capital, has raised $18M in Series A funding. The round was co-led by TX Ventures and Pivot Investment Partners, with participation from Bek Ventures, and takes the company’s total raised to $20M. Every existing institutional backer reinvested, […]

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The ECB moved to rein in Revolut’s ‘self-guided missiles’, just as a share sale values it at $115bn

The European Central Bank quietly moved to rein in Revolut last year, restricting Europe’s most valuable fintech from launching new products across the European Economic Area over concerns about how fast it approved them, the Financial Times reported on Wednesday. The intervention had not been disclosed before. The ECB paused Revolut’s European arm from releasing […]

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The three sets of earbuds I reach for

I have been an audio reviewer for 20 years. My time as a freelance headphones panelist at Wirecutter, and the multitude of reviews I’ve written for sites like Reviewed, Digital Trends, IGN, and now The Verge, have given me the chance to listen to hundreds of earbuds. Some were truly excellent, and some were pretty […]

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Icertis veterans raise $7.55 million to build the AI layer that recovers money enterprises don’t know they’re losing

Rivvun AI, a Seattle-based startup founded by former senior executives at contract management platform Icertis, has raised $7.55 million in an oversubscribed seed round co-led by Sitara Capital and 3one4 Capital. The company is building what it calls an autonomous AI execution layer that sits between enterprise systems and recovers money lost in the gap […]

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