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This week, Google is in discussions to pay $23 billion for cloud security startup Wiz, SoftBank acquires Graphcore, and more.

M&A activity heats up with Wiz, Graphcore, etc.

When Jaclyn Rice Nelson and Noah Gale launched AI talent and services company Tribe AI in 2019, they had to convince companies that having an AI strategy mattered. After the…

Tribe AI raised venture capital to keep up with demand after six years of bootstrapping

Pindrop builds deepfake-combatting and multi-factor authentication products targeting businesses in banking, finance and related industries.

Deepfake-detecting firm Pindrop lands $100M loan to grow its offerings

Community colleges aren’t immune from the current reckoning higher education is facing. Student enrollment is declining while institutions keep raising tuition prices, which can prevent…

Campus wants to crack the code to get community college to work for everyone

Adaptive is a platform that provides tools designed to simplify payments and accounting for general construction contractors.

Adaptive builds automation tools to speed up construction payments

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Sign up here to get it in your inbox every Friday. This…

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Valuations of startups have quietly rebounded to all-time highs. Some investors say the slump is over. 

Generative AI businesses aside, the last couple of years have been relatively difficult for venture-backed companies. Very few startups were able to raise funding at prices that exceeded their previous valuations.   Now, approximately two years after the venture slump began in early 2022, some investors, like IVP general partner Tom…

Valuations of startups have quietly rebounded to all-time highs. Some investors say the slump is over. 

One of the vendors to benefit from the database boom is Tembo, a startup creating a platform that lets developers deploy different flavors of Postgres.

Tembo capitalizes on the database boom and lands new cash to expand

Electricity demand is booming on account of AI. In a May 2024 report, Goldman Sachs predicted that data centers will use 8% of the U.S.’s total power supply by 2030, up from…

As the AI boom gobbles up power, Phaidra is helping companies manage datacenter power more efficiently

Adept, a startup developing AI-powered “agents” to complete various software-based tasks, has agreed to license its tech to Amazon, and the startup’s co-founders and portions of its team have joined…

Amazon hires founders away from AI startup Adept

Axelera designs AI-running chips and systems for applications like security, retail, automotive and robotics.

Axelera lands new funds as the AI chip market heats up

Formation builds tech-forward solutions for clinical trials and drug development.

Formation Bio raises $372M to boost drug development with AI

In a push to bolster profits, more airlines are turning to controversial dynamic pricing tech, which prices fares and amenities variably based on a traveler’s willingness to pay for them.

Fetcherr lands $90M to get airlines on board with dynamic pricing

It’s unclear where Stability goes from here.

Stability AI lands a lifeline from Sean Parker, Greycroft

Payabli builds the infrastructure that allows companies, specifically software companies, to embed and facilitate payments through APIs.

Payabli is building payment management tools for software startups

Coder’s open-source software has around 1.2 million monthly active users, and Dropbox, Discord and Skydio are among the company’s paying customers.

Coder nabs new funds to move dev environments to the cloud

A startup called EvolutionaryScale, founded by ex-Meta researchers, has raised $142 million for its AI-powered protein-generating tech.

EvolutionaryScale, backed by Amazon and Nvidia, raises $142M for protein-generating AI

Etched, founded by Harvard dropouts, is building an AI chip that can only run one type of model: transformer-based models.

Etched is building an AI chip that only runs one type of model

Emergence on Monday emerged from stealth with $97.2 million in funding.

Emergence thinks it can crack the AI agent code

OmniAI is a set of tools that transform unstructured enterprise data into a something that data analytics apps and AI can understand.

OmniAI transforms business data for AI

The Rockset buy fits into OpenAI’s broader recent strategy of investing heavily in its enterprise sales and tech orgs.

OpenAI buys Rockset to bolster its enterprise AI

Venture firms raised $9.3 billion in Q1 according to PitchBook data, which means this year likely won’t match or surpass 2023’s $81.8 billion total. While emerging managers are feeling the…

Kevin Hartz’s A* raises its second oversubscribed fund in three years

Speak, the AI-powered language learning app, has raised new money from investors at double its previous valuation.

Language learning app Speak nets $20M, doubles valuation

Genspark taps generative AI to write custom summaries in response to search queries.

Genspark is the latest attempt at an AI-powered search engine

SurrealDB, a startup developing a database architecture of the same name, has closed a new round of funding as it readies a managed service.

SurrealDB is helping developers consolidate their databases

AI systems and large language models (LLMs) need to be trained on massive amounts of data to be accurate but they shouldn’t train on data that they don’t have the…

Deal Dive: Human Native AI is building the marketplace for AI training licensing deals

The buy will benefit ChromeOS, Google’s lightweight Linux-based operating system, by giving ChromeOS users greater access to Windows apps “without the hassle of complex installations or updates.”

Google acquires Cameyo to bring Windows apps to ChromeOS

Databricks, the analytics and AI giant, has acquired data management company Tabular for an undisclosed sum. (CNBC reports that Databricks paid over $1 billion.) According to Tabular co-founder Ryan Blue,…

Databricks acquires Tabular to build a common data lakehouse standard

The fashion industry has a huge problem: Despite many returned items being unworn or undamaged, a lot, if not the majority, end up in the trash. An estimated 9.5 billion…

Deal Dive: How (Re)vive grew 10x last year by helping retailers recycle and sell returned items

Don’t miss out: TechCrunch Disrupt early-bird pricing ends in 48 hours! The countdown is on! With only 48 hours left, the early-bird pricing for TechCrunch Disrupt 2024 will end on…

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