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☆ The top 10 family offices for startup investments
▼ + stars: | 2024-11-15 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

The top 10 family offices for startup investments made over 150 investments combined this year, in everything from biotech and energy to crypto and artificial intelligence, according to a new analysis. CNBC partnered with Fintrx, the private wealth intelligence platform, to analyze single family offices that made the largest number of investments in private startups in 2024. The most active family office so far this year is Maelstrom, the Hong Kong-based family office of American investor Arthur Hayes, who co-founded the crypto exchange BitMEX. For the sake of the list, family offices are defined as investment vehicles or holding companies of a single family or individual that don't manage money for outside investors. Nearly a third of startup capital in 2022 came from family offices, according to a PWC report.

Persons: Guillaume Houze, Pascal Le Segretain, Robert Frank, Bernard Arnault's, Laurene Powell Jobs, Peter Thiel's Thiel, Arthur Hayes, Guillaume Houzé, Motier, Andreesen Horowitz, Eric Schmidt, Magnus Carlsen, Fertility Organizations: Royal, Getty, CNBC, Fintrx, Ventures, Labs, Motier Ventures, Google, Flex, Mistral, Nvidia, Lightspeed, Atinum Investment, Emerson Collective . Thiel Capital Locations: Paris, France, Hong Kong, Lafayette, Seoul, Korea, Singapore

Inflation is drifting down in fits and starts, and so are restaurant menu prices. Diners are more likely to notice stabilizing menu prices at quick-service restaurants than at sit-down ones. But the rate at which all eateries changed their menu prices between the second and third quarters this year plummeted by 26%, the company said. Quick-service restaurants have benefited from slower growth in labor costs, Square found. The company estimates annual inflation faced by quick-service operators at 3.6% as of September, versus 4.3% for restaurants with table service.

Persons: ”, Kelly Esten, Ara Kharazian, Donald Trump, Joe Brusuelas, Trump Organizations: National Restaurant Association, “, Lightspeed Commerce, Wine Trade Alliance, RSM

☆ Gwyneth Paltrow's Goop undergoes second round of layoffs in two months
▼ + stars: | 2024-11-01 | by ( Madeline Berg | ) www.businessinsider.com time to read: +4 min

Gwyneth Paltrow's lifestyle brand Goop conducted another round of layoffs, Business Insider learned. AdvertisementGwyneth Paltrow's Goop has conducted its second round of layoffs in as many months, Business Insider has learned. Goop Beauty revenue is up 21% over last year, and G. Label revenue is up 45%, she said. Earlier this year, the company hired consultants from a company called WestView to streamline business, the company told BI. These include in-house clothing brand G. Label, beauty lines Goop Beauty and Good Clean Goop, and delivery-only Goop Kitchen restaurants.

Persons: Gwyneth Paltrow's, —, Gwyneth Paltrow's Goop, Goop, Lauren Johnston, Gwyneth Paltrow, Paltrow, WWD, Felix Capital, you've, I've, It's Organizations: Business, Service, NEA, Lightspeed Venture Partners, Forbes, Netflix Locations: WestView

☆ A payments startup hoping to take on Stripe and Square just raised $75 million with this pitch deck
▼ + stars: | 2024-10-24 | by ( Bianca Chan | ) www.businessinsider.com time to read: +5 min

Finix is a startup that works with merchants so they can accept and manage payments. On Thursday, it raised a $75 million Series C that included Lightspeed Ventures and Acrew Capital. AdvertisementSome of the industry's biggest fintech investors just backed an up-and-coming payments startup challenging Stripe and Square. The San Francisco-based startup raised $75 million in a Series C funding round, the company announced Thursday. AdvertisementFinix processes billions of dollars every month for tens of thousands of merchants, Serna said.

Persons: —, Richie Serna, Finix, Serna, " Serna Organizations: Lightspeed Ventures, Acrew, Service, Acrew Capital, Lightspeed Venture Partners Locations: San Francisco, Finix's, Serna

☆ Shiv Rao's Abridge has become the AI healthcare startup to watch
▼ + stars: | 2024-10-24 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: 1 min

Abridge has quickly become the healthcare AI startup to watch. Rao founded Abridge in 2018 to automate medical notetaking with its large language models. It's also gotten buy-in from major investors, including CVS Health Ventures and Lightspeed Venture Partners. Abridge in February announced it raised $150 million in Series C funding at an $850 million valuation. And in August, the startup got its biggest customer yet, notching a deal to provide its tech to Kaiser Permanente's clinicians.

Persons: Abridge, Rao, it's, It's, Kaiser Organizations: Sutter Health, Yale New, Yale New Haven Health, CVS Health Ventures, Lightspeed Venture Partners, Abridge Locations: Yale New Haven

☆ After rejecting Google takeover, cyber firm Wiz says it will IPO 'when the stars align'
▼ + stars: | 2024-10-18 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company's billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public "when the stars align." Earlier this year, the company rejected a $23-billion acquisition bid from Google , which would have marked the tech giant's largest-ever takeover. At the time, Wiz CEO Assaf Rappaport said the startup was "flattered" by the offer, but would remain an independent company and aim to list instead. "We've already broken a few records as a private company, and we believe we can also break a few more records as an independent public company as well," Reznik said. Four-year-old Wiz has raised $1.9 billion in venture capital to date, including $1 billion secured this year in a funding round led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital at a valuation of $12 billion.

Persons: Wiz, Roy Reznik, Assaf Rappaport, Reznik, Andreessen Horowitz Organizations: CNBC, Amazon Web Services, Microsoft, Google, Lightspeed Venture Partners Locations: Tel Aviv, Israel, London

☆ AI coding startups are becoming a hotspot for VCs. Here are the 12 copilots that have landed funding from funds like a16z, Lightspeed, and Menlo Ventures.
▼ + stars: | 2024-10-14 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

VCs are investing in generative AI coding and copilot startups. AI coding tools automate coding tasks, allowing developers to focus on creativity. BI has identified which startups in the space have so far raised the most funding from VCs. AdvertisementThe AI revolution shows no signs of slowing down, and some VCs are turning their attention to a new corner of the market: generative AI coding and copilot startups. "I'm really high on AI coding assistants," Menlo Ventures partner Tim Tully recently told Business Insider.

Persons: —, Tim Tully, Kanu Gulati, PitchBook, Elad Gil Organizations: Service, Menlo Ventures, Business, Khosla Ventures, Lightspeed Venture Partners Locations: VCs, Korbit, PitchBook

☆ Suki just raised $70 million for its healthcare AI assistant to beat out rival Abridge. See the 17-slide pitch deck it used.
▼ + stars: | 2024-10-10 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Suki just raised $70 million in Series D funding led by Hedosophia for its medical AI assistant. It's competing with hot startups like Abridge as VCs scramble to place their bets in healthcare AI. The startup just landed a $70 million Series D round led by Hedosophia, a secretive UK-based VC firm led by Ian Osborne. Suki's biggest competitor is healthcare AI startup Abridge, which raised a $150 million Series C at a $850 million valuation in February and is backed by big names like Lightspeed Venture Partners and CVS Health Ventures. Here's the pitch deck Suki used to raise $70 million from Hedosophia.

Persons: Suki, Hedosophia, —, Punit Singh Soni, It's, Ian Osborne, transcribes, Kleiner Perkins, Abridge, Soni, EHR, he's Organizations: Service, Flare, Breyer Capital, InHealth Ventures, Fund, Suki's, Lightspeed Venture Partners, CVS Health Ventures, Veterans Health Administration Locations: Abridge, Hedosophia

☆ Business Insider is seeking nominations for the 2024 rising stars of venture capital
▼ + stars: | 2024-10-09 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +1 min

Insider is putting together a list of the best up-and-coming venture capitalists of 2024. Go to newsletter preferences Thanks for signing up! AdvertisementWe are seeking nominations for Insider's yearly list of rising stars of venture capital, and we want to hear from you. We're looking for US-based venture capitalists who are working hard to find and fund the next big startups. In the past, we've had people with various roles and experiences from VC funds like Founders Fund, Greylock Partners, Lightspeed Venture Partners, Tiger Global, and Spark Capital.

Persons: —, we've Organizations: Service, Founders, Greylock Partners, Lightspeed Venture Partners, Tiger Global, Spark

☆ Lightspeed India: Singapore is the 'most under-talked about' market in the region
▼ + stars: | 2024-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLightspeed India: Singapore is the 'most under-talked about' market in the regionRahul Taneja, partner at Lightspeed India, discusses the outlook for venture capital in the Asia-Pacific.

Persons: Rahul Taneja Organizations: Lightspeed India Locations: Singapore, Asia, Pacific

☆ Exclusive: Healthcare AI startup Tennr is raising fresh cash from Lightspeed Venture Partners just months after its A16z-led Series A
▼ + stars: | 2024-09-24 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

Read previewTennr, an A16z-backed startup using AI to replace faxes in healthcare, is raising a Series B round just seven months after its Series A. The startup is grabbing fresh cash from Lightspeed Venture Partners, according to two people with knowledge of the efforts. Those two people said Lightspeed preempted the fundraising efforts, approaching Tennr before the startup set out to raise more money. AI startups like Perplexity and Groq are reportedly tacking on more funding right now after closing big deals earlier this year. Some investors are taking the same approach with healthcare AI startups.

Persons: —, Tennr, Andreessen Horowitz, clamor, Forbes Organizations: Service, Lightspeed Venture Partners, Lightspeed, Business, Menlo Ventures, A16z Locations: Tennr, A16z . New York

☆ Indian ed-tech startup Physics Wallah bags $2.8 billion valuation amid sector troubles
▼ + stars: | 2024-09-20 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Indian education technology startup Physics Wallah announced on Friday that it had raised $210 million as it looks to expand its business, in part via acquisitions, amid troubles in the sector. The funding, led by Hornbill Capital, and involving Lightspeed Venture Partners, GSV and WestBridge, values the company at $2.8 billion, a significant increase from its last valuation of $1.1 billion. Physics Wallah, founded in 2020, is one of India's many education technology, or ed-tech firms, that offers free and paid-for courses for various competitive examinations in India. Pandey said the company is open to acquisitions provided it gives them access to new content and users. Last year, Physics Wallah brought a 50% stake in Xylem Learning, an ed-tech company headquartered in Kerala in south India.

Persons: …, Alakh Pandey, Pandey, Wallah Organizations: Hornbill Capital, Lightspeed Venture Partners, CNBC, YouTube Locations: India, Kerala

☆ OpenAI is showing that the AI race is survival of the richest
▼ + stars: | 2024-09-12 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +6 min

It's also a sign of just how expensive the business of training and running AI models is getting. AdvertisementGenerative AI is a cash-guzzlerStartups like OpenAI need to raise huge amounts of capital to build smarter AI models. Just look at the spending of Big Tech firms working to improve their AI models. Consolidation has struck the AI industry in recent months, as some top startups trying to build AI models have been gutted. AI startups serious about progressing on LLMs will need to figure out the answer to this pretty quickly.

Persons: —, Elon, Sam Altman, ChatGPT, It's, Justin Sullivan, OpenAI, Dario Amodei, Anthropic, Pretty, Amodei's Anthropic, Dario Amodei's Anthropic, Noam Shazeer —, Ben Bergman, Sri Muppidi, it's, Elad Gil, Gil Organizations: Service, Bloomberg, Business, SpaceX, Getty, Microsoft, Big Tech, Street, Nvidia, Apple, Amazon, Samsung, Google Locations: OpenAI, aren't

☆ AI-powered search startup Glean doubles valuation in new funding round led by Altimeter
▼ + stars: | 2024-09-10 | by ( Riley De León | ) www.cnbc.com time to read: +2 min

AI-powered search startup Glean said Tuesday it has raised $260 million in a funding round that values the tech company at $4.6 billion — more than double its last reported valuation. Glean competes with a herd of well-financed generative AI startups and tech giants, attempting to compete with Microsoft Copilot and chatbot Amazon Q. Glean's Series E round, led by Altimeter and DST Global, includes Craft Ventures, Sapphire Ventures, and SoftBank Vision Fund 2, all new investors in the company. Founder and CEO Arvind Jain started Glean in 2019 with other former Google engineers as an enterprise search engine. The company soon transitioned to generative AI.

Persons: Arvind Jain, Glean, Catalyst, Kleiner Perkins, Jain Organizations: CNBC, Glean, Microsoft, DST Global, Craft Ventures, Sapphire Ventures, Latitude, Lightspeed Venture Partners, Sequoia Capital, IDC Locations: Lisbon, Portugal, Palo Alto , California

☆ Hollywood has a big problem with how people are watching TV these days
▼ + stars: | 2024-08-29 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +8 min

In today's big story, viewers are opting for free TV, and that's throwing a massive wrench in Hollywood's plans . AdvertisementBut first, what's on (free) TV? The big storyChanging channelsGetty Images; iStock; Natalie Ammari/BIIf the best things in life truly are free, Hollywood is about to learn a brutal lesson. But what's really caught people's attention over the past year has been "free, ad-supported TV" or FAST services. Figuring out how to make money from free TV is a big enough problem.

Persons: —, Natalie Ammari, upend, Insider's Lucia Moses, what's, Andy Kiersz, Fox's Tubi, Gen Z, that's, Jenny Chang, Rodriguez, cofounders, John Overdeck, David Siegel, Carter Lyons, Scott Hoffman, Warren Buffett's, Berkshire Hathaway, Buffett, Noah Berger, Chelsea Jia Feng, Jensen Huang, Alyssa Powell, Banks, Sam Altman's, Kamala Harris, Tim Walz's, Dana Bash, Dan DeFrancesco, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Service, Business, Tech, Hollywood, Nielsen, Netflix, Paramount, Pluto, Comcast, Warner Bros . Discovery, YouTube, Getty, Big Tech, Chelsea, Menlo Ventures, CNN Locations: Berkshire, A16z, New York, London

☆ Move over Hinge and Tinder, there's a new crop of dating apps. Meet the founders behind 11 startups sparking romance.
▼ + stars: | 2024-08-26 | by ( Sydney Bradley | Dan Latu | ) www.businessinsider.com time to read: +17 min

AdvertisementJoshi's dating app, Friend of a Friend, has ads plastered around New York City. AdvertisementThe anti-swipersWhen setting out to build a dating app, swiping fatigue was top of mind for Vaish Sesetty and Cyrus Belsoi, the founders of the dating app Pique. AdvertisementLast year, Chernyak followed her frustration out of her legal career and launched the video-profile dating app Fast-Forward Dating App with two cofounders. AdvertisementThe Instagram DMsOne of the biggest dating apps isn't even a dating app — it's Instagram. Fast-Forward Dating App is a video-profile dating app where users answer five questions on camera with no edits or filters.

Persons: —, Forbes, who'd, Serena Kerrigan, Kerrigan, Rex Woodbury, Vaish Sesetty, Cyrus Belsoi, Belsoi, Karima Ben Abdelmalek, France who's, Abdelmalek, they've, Happn, Joe Feminella, Feminella, Hannah, Elle Wilson, Wilson, Danielle Dietzek, Julie Griggs, Fourplay, Nicole Fara Silver, Dietzek, Anushka Joshi, Friend, Joshi, Derek Lee, Lee, Boo, David Chang, Richard Chang, Katya Chernyak, Chernyak, Aeen Avini, Victoria Todis, Bumble, Nandini Mullaji, Mullaji, Chad DePue, who's, Jeremy Liew, Sitch, Alex Weitzman, hasn't, Weitzman, Amori, Tabitha, Ethan, Pique, Lieu Organizations: Service, Match, Business, Bradley, Microsoft, Daybreak Ventures, Amazon Web Services, Manna, New, Lightspeed Locations: New York City, York City, Paris, TikTok, Park, Brooklyn, France, singlehood, Victoria, Chicago, Los Angeles, Phoenix, Sitch

☆ Engineers have found a way to bootstrap their way to smarter AI models as they wait for Chat GPT-5
▼ + stars: | 2024-08-23 | by ( Emma Cosgrove | ) www.businessinsider.com time to read: +4 min

Read previewChat GPT-5, the next version of OpenAI's language model that changed everything, is on the way. As AI developers wait to test GPT-5, some have found a new way to bootstrap their way to more advanced AI without an entirely new model. Fewer idle GPUs then translate to more affordable computing, as Davis explained on the No Priors podcast released Thursday. When Davis and his co-authors used the compound AI method, the layered model produced the correct answer 37% of the time — a nearly 10-fold increase. "I think people are getting more sophisticated at thinking about cost in more of a life-cycle way," Davis said.

Persons: —, Jared Quincy Davis, Davis, Sarah Guo, Elad Gil, iterating Organizations: Service, Business, Foundry, Lightspeed Venture Partners, Sequoia Capital, Systems

Wiz has walked away from a $23 billion deal to be acquired by Google, in what would have been the search giant's largest-ever deal, telling employees it would pursue an initial public offering as it initially planned. The deal would have nearly doubled the $12 billion valuation of the startup from its most recent round of funding. Alphabet's cloud segment has been under pressure to grow amid competition from frontrunners Microsoft and Amazon, something the Wiz deal would have helped with. The shift benefited Wiz, which can flag security issues for applications and data on the Amazon, Google, Microsoft and Oracle public clouds. In an interview with CNBC's Sara Eisen and Carl Quintanilla at the New York Stock Exchange last year, Eisen asked Rappaport if he wants to take the startup public.

Persons: Sundar Pichai, Wiz, Assaf Rappaport, Rappaport, Thomas Kurian, Brendan Burke, It's, Doug Leone, Covid, Sid Trivedi, CNBC's Sara Eisen, Carl Quintanilla, Eisen Organizations: Alphabet Inc, Government, Society, Google, CNBC, Microsoft, Index Ventures, Insight Partners, Lightspeed Venture Partners, Sequoia, PitchBook, Intuit, Ventures, Sequoia Capital, Wiz's, Wiz, Oracle, Foundation Capital, Motorola, Lenovo, New York Stock Exchange Locations: Stanford , California, Sequoia

View at AmazonThere are even more options for Prime Day Apple Watches, and Prime Day iPads still available in our other guides. For an extensive breakdown divided up by size, see our full roundup of Prime Day TV deals. View at AmazonThere are even more sleep deals where those came from — check out our roundups of the best Prime Day mattress deals and Prime Day pillow deals. Do I need to be an Amazon Prime member to buy Prime Day deals? Amazon Prime Day deals are comparable to Black Friday and Cyber Monday, with the main difference being that Amazon is the only participating retailer.

Persons: Siri, They're, you’ll, Jonathan Adler, it's, dehumidifier, vacs, Fryer, Foodi, Fry, fryer, MagSafe, Kate Spade, they're, Bose Smart, Ray Soundbar, Ray, Anker, Amazon Nathan James Hugo Wood Nightstand, Nathan James, Inaba, waddle, Dyson, ”, Gabrielle Chase, “, we've, haven't Organizations: Business, Amazon, Apple, Amazon Apple, Apple Health, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Toshiba, LG, Dell, Galaxy, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Nintendo, Nova, Nova Pro, Logitech, Lightspeed, Mac, lounging, Amazon Canada, packers, Amazon Fisher, Prime, Chatelet Air, Dyson, Amazon Philips, Philips, Amazon Prime, Deal Locations: PopSockets, York

Prime Day TV dealsThis Prime Day, we're seeing some of the biggest price drops of the year on top TV models from our favorite brands. Prime Day laptop dealsLaptops go on sale year-round, but Prime Day is traditionally the best time of year to make a purchase. Prime Day mattress dealsMattresses go on sale several times a year, but few sales offer as lucrative mattress discounts as Prime Day. Prime Day Amazon device dealsDuring Prime Day, many of the best Amazon devices see their lowest prices ever. Prime Day travel dealsSummer travel is underway, and so are the best Prime Day deals on luggage and backpacks.

Persons: We've, AirPods, we've, Siri, Samsung's, They're, you’ll, He's, Jonathan Adler, it's, dehumidifier, Dyson, vacs, Crisp, we're, Fryer, Foodi, Fry, fryer, they're, Bose Smart, Ray Soundbar, Ray, Anker, You'll, iPhones, MagSafe, Kate Spade, scoped, Amazon Nathan James Hugo Wood Nightstand, Nathan James, waddle, Inaba, haircare, ”, Gabrielle Chase, “, haven't Organizations: Business, Apple, Amazon Apple, Apple Health, Amazon, Amazon LG, Amazon Samsung, Sony WH, Sony, Amazon Sony WH, Amazon Anker, Amazon Bose, Amazon Beats, Samsung, Clarks, Casper, Pillow, Morris, Morris & Co, Dyson, Upright, Toshiba, FlexBrew, Hamilton, LG, Dell, Alexa, Amazon Alexa, Hatch, Amazon Belkin, Apple Watch, Logitech, Seagate, ASUS, Meta, Nintendo, Nova, Nova Pro, Lightspeed, Mac, Google, Galaxy, lounging, packers, Amazon Fisher, Prime, today's, Chatelet Air, Amazon Canada, Amazon Philips, Philips, Amazon Prime, Deal Locations: November's, PopSockets, York

☆ Startups are building robots that can perceive the human world. Here's why VC firms like Khosla and a16z say that spatial intelligence will be the next big thing in AI.
▼ + stars: | 2024-07-09 | by ( Samantha Stokes | Emma Cosgrove | ) www.businessinsider.com time to read: +7 min

Spatial intelligence allows robots to navigate and interact with their environment more efficiently, which means that robots can perform more complex tasks with higher precision and adaptability. AdvertisementEven so, investors say that spatial intelligence represents a quantum leap for the robotics industry, a space already benefiting from an AI boom. Lior Susan, CEO and founder of Eclipse Ventures, is betting that the difficulty of building AI with spatial intelligence will yield bigger returns in the future. "You see this boom of generative AI startups that are actually buying a lot of compute that do not have a business model yet," Susan said. Big tech is rolling in, tooBigger tech companies are also gearing up to compete in robotics' spatial intelligence race—both as builders and investors.

Persons: —, Andreessen Horowitz, Catalyst, Howard Morgan, Max Rimple, Erin Price, Wright, Fei, Fei Li, Kanu Gulati, Khosla, –, Gulati, Lior Susan, Susan, Jeff Bezos, Jensen Huang Organizations: Service, Khosla Ventures, Business, B Capital, Catalyst, Lightspeed Venture Partners, Coatue Management, Stanford University, Eclipse Ventures, Intelligence, Lux, Sequoia Capital, Microsoft, Nvidia, Carbon Robotics, AIs Locations: LLMs, OpenAI, Lux Capital, Taipei

☆ Artificial intelligence is coming for venture firms. VCs predict it could reduce headcount by more than 50%.
▼ + stars: | 2024-06-24 | by ( Ben Bergman | ) www.businessinsider.com time to read: +8 min

Firms like Correlation Ventures, 645 Ventures, and Fly Ventures have long used data and AI to help guide investment decisions. AdvertisementEarlier this year, Sri Chandrasekar, a partner at Point72 Ventures, noticed a startup in his portfolio was having a breakout week. Related stories"If you go to any venture firm's website, you'll find that half the names are not doing anything to do with investing," Chandrasekar said. Advertisement"If you look at the large firms, they got very, very large in the last few years," said Andy McLoughlin, managing partner at Uncork Capital. Venture firms will have to remake themselves into a combination of people and A.I."

Persons: —, Matt Krna, Krna, Sri, Chandrasekar, Christina Melas, Andreeseen Horowitz, Andy McLoughlin, James Currier, Currier, McLoughlin Organizations: Service, Business, Ventures, Fly Ventures, Point72 Ventures, Bain Capital Ventures, Bain Capital, Catalyst, Lightspeed, Uncork, Venture, Deloitte, San Locations: San Francisco, Sri Chandrasekar

☆ Why AI deals in healthcare have grown faster than other areas of tech — and what VCs are paying close attention to
▼ + stars: | 2024-06-11 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +8 min

Healthcare AI companies raised $2.8 billion in the first quarter of this year, according to the SVB report titled "The AI-powered Healthcare Experience." SVB projects funding to AI healthcare companies to total $11.1 billion in 2024. While healthcare AI startups might have it better, they're not out of the woods. Healthcare startups using AI for administrative tasks have grabbed $6.6 billion since 2021 and made up 42% of healthcare AI deals in the first quarter of this year, according to SVB. AdvertisementIn some cases, Big Tech companies are pushing healthcare startups forward.

Persons: —, Raysa Bousleiman, they're, Siva Namasivayam, Galym, Bousleiman, Shiv Rao Abridge, Lynne Chou O'Keefe, Lightspeed's Imanbayev Organizations: Service, Silicon Valley Bank, Business, Big Tech, Abridge, Health, Lightspeed Venture Partners, Google, Fathom, Nvidia, Ventures, Technologies Locations: Cohere, Abridge, SVB .

☆ Mistral, a French A.I. Start-Up, Is Valued at $6.2 Billion
▼ + stars: | 2024-06-11 | by ( Adam Satariano | More About Adam Satariano | ) www.nytimes.com time to read: +1 min

Mistral, a French artificial intelligence start-up, said on Tuesday that it had raised 600 million euros, or about $640 million, from investors, a sign of robust interest in a company seen as Europe’s most promising rival to OpenAI and other Silicon Valley A.I. Mistral is now valued at €5.8 billion, according to a person familiar with the investment, an eye-popping sum for a company founded just one year ago by alumni from Meta and Google. Since OpenAI released ChatGPT in November 2022, investors have poured money into generative A.I. Two weeks ago, Elon Musk raised $6 billion for his start-up, xAI. OpenAI has raised roughly $13 billion from Microsoft, while another California start-up, Anthropic, has raised more than $7.3 billion.

Persons: Andreessen Horowitz, Elon Musk, OpenAI Organizations: Meta, Google, Catalyst, Lightspeed Ventures, Nvidia, Samsung, Salesforce, Cisco, IBM, BNP, Microsoft Locations: California

☆ How one rising Miami VC raised more money for his first fund. Other emerging investors haven't been so lucky.
▼ + stars: | 2024-05-16 | by ( Vishal Persaud | ) www.businessinsider.com time to read: +7 min

Evans is the founder of Exceptional Capital, which launched in 2022 among the many emerging VC firms that sprouted during the fundraising boom years. Before pursuing a life in venture capital and tech, Evans hoped to make it to the NFL as a linebacker at the University of Michigan. And then in 2022, Evans decided to launch Exceptional Capital and invest as a solo VC. Exceptional CapitalBecause he's been able to increase the size of his fund, Evans has been able to expand his team. "I could see that for Marell as well, just his work with Exceptional Capital and kind of his determination there."

Persons: —, Marell Evans, Evans, he's, Dave Brandon, Brandon, Ben Horowitz, Andreessen Horowitz, Horowitz, A16z, Okta, Owen Van Natta, Hustling, Melissa Morano Aurigemma, Graham Stoddard, Andrew Van Nest, I've, Cody Coleman, Coleman, what's Organizations: Service, Exceptional, Business, NFL, University of Michigan, NCAA, IBM, Facebook, Vision, SV Angel, A16z, Exceptional Capital Locations: Miami, Michigan, San Francisco, Okta, Silicon Valley, SoftBank, —, Bessemer

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