There’s something almost too perfect about this, via Bloomberg. Lyzr, a three-year-old startup from Jersey City, New Jersey, that helps companies create AI agents, used its own AI agent to raise its own round. The system, SivaClaw, reportedly answered questions from more than 130 investors, drafted investment memos, and even tracked which slides sponsors left
Charles Hudson has spent more than a decade investing in startups. As founder and managing partner of Precursor Ventures, he has invested in hundreds of companies and seen massive shifts in markets that require founders to get creative and throw out old fundraising playbooks. On this week’s episode of Build Mode, Startup Battlefield lead Isabelle
Popular open source AI tool Ollama has raised a $65 million Series B, led by Theory Ventures, founder and CEO Jeff Morgan tells TechCrunch. This round follows an earlier $15 million Series A led by Benchmark’s Peter Fenton. In total, the company has raised $88 million. Ollama, which launched in 2023, helps developers run open-ended
Nandan Nilekani, co-founder of Indian IT services giant Infosys, will no longer be a general partner at Fundamentum Partnership, the venture capital firm he co-founded nearly a decade ago. Nilekani (pictured above) will step down as Fundamentum launches its third fund, aiming to raise around $200 million. It will be the fund’s anchor investor and
As companies new and old rush to capitalize on AI, many AI startups say their revenues are not only growing, but accelerating rapidly, reaching their next milestones in shorter periods of time. The following list of startups has reported such a growth pattern. One thing to note is that the underlying metrics used by these
Prime Intellect, a startup that provides computing power and specialized software tools that help companies create artificial intelligence agents, has raised a $130 million Series A at a $1 billion valuation. The massive round was led by Radical Ventures, with participation from Nvidia Ventures, Intel Capital, Dell Technologies Capital, Iconiq, and a long list of