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☆ Supersized seed rounds: The earliest stage of the startup market is getting out of control
  + stars: | 2024-08-31 | by ( Vishal Persaud | ) www.businessinsider.com   time to read: +5 min
Read previewThere's been an investor gold rush to find the hottest new startup, causing a new dynamic: larger seed rounds. In some cases, the seed round is getting out of control. Tier one multi-stage firms have decided to allocate more resources to investing at the seed stage, according to several traditional seed investors who Business Insider spoke to. Related storiesMy colleague Sri Muppidi has reported on these supersized seed rounds in AI startups throughout the summer. Other supersized seed rounds this year include a $10.5 million round by Swedish legal AI startup Leya, and Gameplay Galaxy recently announced a $24 million seed round for its Web3 gaming platform.
Persons: —, Greylock, they've, Let's, Sri Muppidi, Ed Sim, whiff, Sim, Sim postured, Shruti Gandhi Organizations: Service, Business, Q2 Venture Monitor, Sequoia, Felicis Ventures, Galaxy, Boldstart Ventures, Khosla Ventures, Canaan Partners, Instacart's, Ventures, Founders Locations: Canaan
☆ Felicis Ventures leads $10 million round in AI startup MemGPT at a $70 million valuation, sources say
  + stars: | 2024-08-12 | by ( Sri Muppidi | ) www.businessinsider.com   time to read: +1 min
MemGPT helps users "build LLM agents with long term memory and custom tools." Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMemGPT, a toolkit for developing AI agents, has raised a $10 million round at a $70 million valuation, Business Insider has learned. MemGPT helps users "build LLM agents with long term memory and custom tools," according to its associated GitHub page. This story is available exclusively to Business Insider subscribers.
Persons: MemGPT, — Organizations: Service, Felicis Ventures, Business
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