Circle IPO soars, giving hope to more startups waiting to go public
The USDC stablecoin issuer ended its first trading day at a 167% jump from its $31 IPO price.
Console raises $6.2M from Thrive to free IT teams from mundane tasks with AI
Console’s mission is to help IT teams reduce mundane, repetitive tasks, thereby freeing up time for help desk professionals to work on more strategic and sophisticated projects.
Grammarly secures $1B in nondilutive funding from General Catalyst
Grammarly has secured a $1 billion commitment from General Catalyst.
Rillet raises $25M from Sequoia to automate general ledger systems using AI
Rillet directly pulls data from their customers’ banks and platforms to generate financial statements, including the balance sheet and income statement.
AI may already be shrinking entry-level jobs in tech, new research suggests
If and when AI will start replacing human labor has been the subject of numerous debates. While it’s still hard to say with certainty if AI is beginning to take over roles previously done by humans, a recent survey from the World Economic F…
Khosla Ventures among VCs experimenting with AI-infused roll-ups of mature companies
Venture capitalists have always focused on investing in companies that leverage technology to either disrupt established industries or create entirely new business categories. But some VCs are starting to flip the script on their investing styles. Rath…
Hinge Health pops 17%, but joins growing ranks of down-round IPOs
Hinge Health, a digital physical therapy company, closed its first day of trading on the New York Stock Exchange on Thursday at $37.56, up about 17% over the $32 IPO price it set the previous day. That’s a good first-day result. But even with the pop, …
Klarna’s revenue per employee soars to nearly $1 million thanks to AI efficiency push
Last year, Klarna announced a significant initiative to leverage its internally developed AI systems, powered by OpenAI, across its operations. This wasn’t empty talk for the buy now, pay later giant. The company not only ended its pricey contrac…
Fake fired Twitter worker ‘Rahul Ligma’ is a real engineer with an AI data startup used by Harvard
The morning after Elon Musk’s 2022 acquisition of Twitter (now X), reporters encountered two men with boxes outside the company’s headquarters. One introduced himself as recently laid-off Twitter engineer “Rahul Ligma.” His rea…
Redpoint raises $650M 3 years after its last big early-stage fund
Redpoint Ventures, a San Francisco-based firm that is about a quarter of a century old, has raised a $650 million tenth early-stage, according to a regulatory filing. Redpoint’s new fund matches the size of its prior fund, which was raised just u…