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☆ How Shruti Gandhi, a solo venture capitalist with 15 exits in 5 years, went from underestimated to unstoppable
▼ + stars: | 2024-05-06 | by ( Melia Russell | ) www.businessinsider.com time to read: +7 min

Shruti Gandhi has a simple rule for meeting founders: She only takes the meeting if she wants to invest. Being the solo general partner of her firm, the early-stage outfit Array Ventures, also means she can get deals done quickly. Over the past five years, she's returned most of her maiden $7 million fund to limited partners at a net multiple of almost four. For founders, by foundersThe founders Gandhi has backed like working with her because of her technical chops and hands-on approach. We will back you if you raise a fund,'" Gandhi said.

Persons: Shruti Gandhi, Gandhi, Nikhil Teja Kolli, Kolli, she's, wasn't, Dumbledore, Harry Potter, Champ Bennett, Zimperium's Zuk Avraham, Mehul Nariyawala, Google —, Doktor Gurson, Gurson Organizations: Ventures, Business, PayPal, IBM, Columbia University, True Ventures, Samsung, Google, University of Chicago Booth School of Business, Rad Locations: India, Poughkeepsie , New York, She's

☆ U.S. to award Samsung up to $6.6 billion chip subsidy for Texas expansion: Reuters
▼ + stars: | 2024-04-09 | by ( ) www.cnbc.com time to read: +1 min

The Biden administration plans to announce it is awarding more than $6 billion to South Korea's Samsung next week to expand its chip output in Taylor, Texas, as it seeks to ramp up chipmaking in the U.S., two people familiar with the matter said. The Biden administration plans to announce it is awarding more than $6 billion to South Korea's Samsung next week to expand its chip output in Taylor, Texas, as it seeks to ramp up chipmaking in the U.S., two people familiar with the matter said. It will also include an investment in another undisclosed location, the source said, adding that Samsung will more than double its U.S. investment to over $44 billion as part of the deal. Texas Governor Greg Abbott's office did not respond to requests for comment. One of the sources said it would be the third largest of the program, just behind Taiwan's TSMC , which was awarded $6.6 billion on Monday and agreed to expand its investment by $25 billion to $65 billion and to add a third Arizona factory by 2030.

Persons: Biden, Gina Raimondo, Greg Abbott's, Taiwan's Organizations: Biden, South, Samsung, Commerce, Commerce Department Locations: Taylor , Texas, U.S, Taylor, Texas, Arizona

REUTERS/Gonzalo Fuentes/File Photo Acquire Licensing RightsWASHINGTON, Oct 5 (Reuters) - A former executive at Samsung Electronics' venture capital arm who proposed that mobile app developer Branch Metrics' software offering be expanded in Samsung smartphones faced pushback due to pressure from Google, he said on Thursday in a landmark antitrust trial against the Alphabet (GOOGL.O) unit. Patrick Chang, who worked at Samsung Next to invest in innovative companies, had urged the parent company (005930.KS) to expand the offerings of Branch, which can search within apps, to its Android smartphones. Chang testified that Samsung also faced pushback from wireless carries, like AT&T, which sell Android phones. In its questioning, the Justice Department showed an August 2020 email by Samsung executive David Eun, who complained that "Google is clearly buying its way to squelch competitors." Chang testified during the fourth week of a more than two-month trial in which the U.S. Justice Department is seeking to show that Google abused its monopoly of search and some search advertising.

Persons: Gonzalo Fuentes, Patrick Chang, Alexander Austin, Branch, Austin, Chang, David Eun, Diane Bartz, Richard Chang Organizations: Google, Viva Technology, Porte de, REUTERS, Rights, Samsung Electronics, Samsung, Samsung Next, Metrics, Justice Department, U.S . Justice Department, Thomson Locations: Porte, Paris, France

☆ LayerZero Labs valued at $3 billion after latest fund-raise
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +1 min

April 4 (Reuters) - LayerZero Labs said on Tuesday that it has raised $120 million in an early stage funding round, that has tripled the blockchain messaging protocol's valuation to $3 billion. The Series B fund-raise saw participation from 33 investors, including a16z crypto, Christie's, Circle Ventures, OpenSea Ventures, Samsung Next, and Sequoia Capital, amongst others. In February, Via said it bagged a valuation of $3.5 billion after a funding round led by 83North. Last year, the New York-based blockchain infrastructure provider had raised $135 million in a funding round led by Sequoia Capital, FTX Ventures among others that valued it at $1 billion. It has received backing from some of the strongest crypto-focused companies in the entire world, including Binance, Blockdaemon, Christie's, Circle Ventures, Coinbase, OpenSea Ventures, and many more.

☆ Verbit: 2022 Top Startups for the Enterprise
▼ + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: 1 min

Company founder Tom Livne learned firsthand as a lawyer that the $30 billion transcription services industry was not keeping up with the technology or market opportunity. He founded Verbit to combine the latest in AI-based voice capture technology with the world's largest professional transcription workforce. Now in use by over 3,000 organizations including Google, CNN, Fox, and the Library of Congress, as well as widespread adoption in the education sector from Stanford University to online learning company Udacity, Verbit has attracted top investors from the corporate world and Wall Street, including Samsung's VC arm Samsung Next and Dan Loeb's Third Point Ventures. The 2022 Top Startups for the Enterprise list is powered and inspired by the members of CNBC's Technology Executive Council (TEC). Learn more about CNBC Councils.

☆ OpenWeb, Which Helps Publishers Target Readers With Ads, Raises $170 Million
▼ + stars: | 2022-10-27 | by ( Patrick Coffee | ) www.wsj.com time to read: +3 min

Open Web Technologies Ltd., which helps publishers engage readers and target them with ads, raised $170 million in a Series F round led by Canadian venture firm Georgian Partners, the company said. The new round values OpenWeb at $1.5 billion, up from $1 billion in its previous round, according to the company. It later expanded its services to include live-blogging, polling and data-management tools, as well as the placement of ads across publishers’ sites. OpenWeb counts more than 1,000 publishers as clients, most of which are based in North America, Mr. Shoval said. The company also focuses on content-moderation services to help protect both publishers and readers from harassment, hate speech and offensive content.

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