Fal.ai, a startup that hosts image, video, and audio AI models for developers, has closed a new round valuing the company at over $4 billion, four people familiar with the deal said. The company raised approximately $250 million, two of the people said. Major investors in the round are Kleiner Perkins and Sequoia, according to…
Last year was monumental for the AI industry in the U.S. and beyond. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch; three companies raised more than one “mega-round,” and seven companies raised rounds that were $1 billion in size or larger. How will…
In 2023, co-founders Karim Jouini and Jihed Othmani sold their expense management startup Expensya to Swedish procurement software firm Medius in what is widely considered to be one of the largest acquisitions of an African startup. Some sources say the sum was just over $120 million, although deal terms were not disclosed. Success achieved, both…
Tech giants like to boast about trillion-parameter AI models that require massive and expensive GPU clusters. But Fastino is taking a different approach. The Palo Alto-based startup says it has invented a new kind of AI model architecture that’s intentionally small and task-specific. The models are so small they’re trained with low-end gaming GPUs worth…
Last year was a monumental year for the AI industry in the U.S. and beyond. There were 49 startups that raised funding rounds worth $100 million or more in 2024, per our count at TechCrunch. Three companies raised more than one “mega-round” last year, and seven companies raised rounds at $1 billion or larger. How…
For some, AI fatigue is real. But clearly venture investors haven’t grown tired of the category. AI deals continued to dominate venture funding during the third quarter. AI companies raised $19 billion in Q3, according to Crunchbase data. That figure represents 28% of all venture funding. The fourth quarter of 2024 has been no less…
It’s been quite the year for gaming industry exec Pany Haritatos. Last month, he quietly closed an oversubscribed $28 million Series A for his new game studio startup Series Entertainment, according to an SEC document and confirmation from the company. Investors include Netflix, Dell Technologies Capital, with follow-on investments from seed investors Andreessen Horowitz, BITKRAFT,…
Anysphere, a two-year-old startup that’s developed an AI-powered coding assistant called Cursor, has raised over $60 million in a Series A financing at a $400 million post-money valuation, two sources familiar with the deal told TechCrunch. The round was co-led by Andreessen Horowitz and Thrive Capital. Patrick Collison, co-founder and CEO of Stripe, also participated…
For some, AI fatigue is real — but clearly venture investors haven’t grown tired of the category. In the first half of 2024 alone, more than $35.5 billion was invested into AI startups globally, recent Crunchbase data found. Five of the six venture rounds of more than $1 billion raised in the first half of 2024…