Cerebras IPO makes billions for Benchmark but VC Eric Vishria almost didn’t take the meeting
Benchmark almost never backs hardware startups. So Eric Vishria dragged his feet ten years ago before agreeing to hear Cerebras’ pitch.
Benchmark almost never backs hardware startups. So Eric Vishria dragged his feet ten years ago before agreeing to hear Cerebras’ pitch.
A year ago, it looked like this day would never happen for Cerebras.
After achieving $2.2 billion in revenue in 2025, the defense tech startup has raised another massive round, led by Thrive and a16z, it says.
Five-year old European military drone startup Helsing is close to raising another monster round.
Some found out they didn’t qualify for WARN Act protections like two-months notice because the company had classified them as remote workers.
CloudFlare announced its first large-scale layoff. CEO Matthew Prince says because of AI efficiency gains, the company doesn’t need as many support roles.
The company is reportedly in talks to raise another $750 million at a pre-money valuation of more than $40 billion. It last raised in November at $32 billion.
Stockholm-based vibe-coding platform Lovable is offering employees an automatic 10% raise as a way to sidestep classic corporate politics.
The Chinese AI lab came to prominence in early 2025 after launching a large language model that trained on a fraction of the compute power and at a fraction of the cost of the big U.S. models like those from OpenAI and Anthropic.
As some of the biggest VCs in crypto start to consider funding AI startups, a16z crypto’s new fund will stay the course.