Startups and technology

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AI infrastructure startup Baseten raises $1.5bn at up to $13bn valuation as Blackbird makes its biggest-ever bet

The AI infrastructure startup raised $1.5bn in a Series F, with Australia’s Blackbird VC putting in what may be the largest single outlay yet by an Australian firm. Baseten has raised $1.5bn in a Series F round that values the AI infrastructure startup at up to $13bn, a number that arrives barely 18 months and […]

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Immigrant-focused VC Geek Ventures returns with larger checks

Immigrant founders have long played a significant role in U.S. technology, but access to early-stage capital often still depends on local networks, customer introductions and proximity to established investors. That gap has created room for a small number of venture firms focused on immigrant, diaspora and cross-border founders, a category that has grown in recent years. […]

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NeuralTrust raised $20M to police the AI agents companies can’t even count

NeuralTrust, a Barcelona startup, has raised $20mn to secure the AI agents that big companies are now deploying faster than they can keep track of. The seed round, worth €17.2mn, was led by Munich’s Alstin Capital, with VentureFriends, Seaya, Kibo Ventures, Banc Sabadell, the EA Ventures Plug and Play Fund and Finaves, plus public money […]

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Arcade raised $60M to fix the real wall blocking enterprise AI agents: what they’re allowed to do

The problem with letting an AI agent loose inside a company is not that it might forget who it is. It is that it has no reason to hold back. A human employee is restrained by the fear of being fired. An agent, as one investor in Arcade.dev put it, “will exhaustively exploit every permission […]

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The bottleneck in geothermal moved from the drill to the turbine. This SpaceX alum raised $22M to fix it

The race to power artificial intelligence has a problem that solar panels and wind turbines cannot fix on their own: the electricity has to be there at 3am, in still air, under cloud. Critical Energy, a Los Angeles startup founded by a former SpaceX engineer, has raised $22mn to chase that always-on demand with geothermal, […]

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Why CMOs need a new operating system for accountability

Marketing leaders have never had access to more data, yet proving the business impact of advertising has become increasingly difficult. As budgets face greater scrutiny and finance teams demand clearer evidence of return on investment, many chief marketing officers are discovering that traditional performance metrics no longer satisfy the questions being asked in the boardroom. Tal […]

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Henrique Schmaiske and the human work behind Meteor 3.0

Meteor.js is one of those open-source projects developers have lived with for years. It has over 44,800 GitHub stars, more than 500,000 active installations worldwide, and still sits inside products across many countries. Behind its largest release in over ten years, Meteor 3.0, is Henrique Schmaiske, CTO of Meteor Software, who started the work in April 2022 […]

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Poland bought a stake in ElevenLabs to grow its next AI champion

Poland produced one of the world’s most valuable AI companies almost by accident. Now it is spending public money to make sure the next one stays closer to home. Vinci, the venture arm of Poland’s state development bank BGK, has taken an $11mn stake in ElevenLabs, the AI-voice firm valued at $11bn. The same day, […]

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a16z is betting $38M that you want an AI ‘teammate’, not another agent

The word “agent” is everywhere in enterprise software right now, which is exactly why Convey does not want to use it. The startup has raised a $38mn Series A led by Andreessen Horowitz, with Khosla Ventures and Pear VC joining. Its pitch is a deliberate rebrand: not AI agents that complete tasks, but AI “teammates” […]

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SAP just funded a startup built to help its own customers escape SAP

There is an unglamorous deadline bearing down on corporate IT, and it has just produced one of London’s more interesting AI raises. Conduct, a 35-person startup founded by three former Palantir engineers, has raised a $60mn Series A co-led by Index Ventures and ICONIQ, with SAP itself investing. The round takes its total funding to […]

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