Fundings and Exits

Chinese AI startup DeepSeek recently declared that its AI models could be very profitable — with some asterisks. In a post on X, DeepSeek boasted that its online services have a “cost profit margin” of 545%. However, that margin is calculated based on “theoretical income.” It discussed these numbers in more detail at the end

Mistral AI, the French company behind AI assistant Le Chat and several foundational models, is officially regarded as one of France’s most promising tech startups and is arguably the only European company that could compete with OpenAI. But compared to its $6 billion valuation, its global market share is still relatively low.  However, the recent

SymbyAI, a SaaS platform that uses AI to streamline scientific research, announced a $2.1 million seed round with participation from Drive Capital and CharacterVC, among others.  Launched just last year by Ashia Livaudais and Michael House, the platform provides organized workspaces for researchers to access papers, code, data, and experiences within one place. It helps

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. Hype can be good or bad. This week, we’ve seen startups on both sides of that fence — and being on the good side warranted large funding

AI has brought attention to all kinds of futuristic technologies, from humanoid robots to autonomous warships. But there’s a quieter boom happening in a highly traditional industry: accounting. VCs are excited by the prospect of automating costly human labor with AI, funding companies like Numeric and Kick last year, to name a few.  The latest

Snowflake plans to expand its startup accelerator with $200 million in additional commitments, the tech giant that specializes in cloud-based data storage said Thursday. The new injection of capital follows a string of activity by Snowflake over the past several months that illustrates that company’s growth ambitions. The Snowflake Startup Accelerator, formerly known as the

AI has the power to transform how people work, but getting tangible value out of AI isn’t as easy as throwing any AI application at any workflow. It can be hard for enterprises to figure out which AI applications help their business and which are just hype. Workhelix wants to solve that problem. Workhelix is

The automated logic behind many financial decisions — for example, decisions that determine whether a client is approved for a credit line — is hard-coded. Often, it’s not easily changed. If a head of credit at a bank wanted to adjust the bank’s lending criteria, for example, they’d likely have to raise a ticket with

Millie, a California-based maternity clinic, founded by Anu Sharma, announced the raise of a $12 million Series A by investors including RH Capital, TMV, and Melinda French Gates’ Pivotal Ventures.  Sharma was inspired to launch the company after the birth of her daughter in 2019. She faced pregnancy complications and, as the child of a

TechCrunch Sessions: AI, taking place on June 5 at Zellerbach Hall in UC Berkeley, will feature a panel discussing how startups can compete against established rivals in the AI industry. The panel, “How to Launch a Product Against Entrenched Incumbents,” will look at ways small companies are managing to stay relevant in a fast-paced and

When goods enter the U.S., they have to be declared to U.S. customs so the importer can be charged the proper taxes. That applies to everything from a consumer ordering clothes from a brand based overseas to every single item on a massive container ship. When it comes to commercial importing, filling out the necessary

A demo from Optifye.ai, a member of Y Combinator’s current cohort, sparked a social media backlash that ended up with YC deleting it off its socials. Optifye says it’s building software to help factory owners know who’s working — and who isn’t — in “real-time” thanks to AI-powered security cameras it places on assembly lines,

Canadian biotech startup Afynia Laboratories, a spin-out from McMaster University in Ontario, has picked up $5 million in seed funding to commercialize a blood test for endometriosis — a medical condition that can afflict people with a uterus, causing problems like chronic pelvic pain and fertility issues. Endometriosis affects nearly 200 million people worldwide. Getting

Pre-Series A founders, this is your moment! If you’re ready to showcase your game-changing innovations on a global stage, the battlefield awaits. Applications for TechCrunch Startup Battlefield 200 — the premier startup pitch competition — are officially OPEN. This is your shot to shine! Step onto the global stage and showcase your groundbreaking startup to

Larry Ellison’s leap into farming with his company, Sensei Farms, serves up a classic reminder: being a genius in one arena doesn’t mean success in another. As the WSJ reports, the Oracle co-founder set out to reinvent agriculture on Hawaii’s Lāna‘i Island, which he scooped up for $300 million back in 2012. Eight years and

As school districts struggle to support the mental health of their students, a startup called Sonar Mental Health has built a “wellbeing companion” called Sonny to help. As described in the Wall Street Journal, Sonny is a chatbot that relies on a combination of human staff and AI. When students text their questions to Sonny,

Tiny Michigan biotech startup CircNova has raised a $3.3 million seed round for its technology that uses AI to target “circular RNA.” The development holds promise as a new method to quickly develop therapies for conditions that currently have no drug treatments. The new funding is also a victory lap for co-founder and CEO Crystal

The criminal trial against fintech startup founder Charlie Javice began on Friday, with lawyers laying out their opening arguments, Reuters reported.  Lawyers reiterated their original claims and defenses from the lawsuit filed by JPMorgan Chase against Javice in December of 2022. The financial services giant alleges that Javice helped “fake millions of customers in order

AI Innovators, seize your moment! Have insights that could inspire 1,200 AI founders, investors, and enthusiasts eager to advance the future of AI? Take center stage, influence the AI conversation, and exchange ideas at TechCrunch Sessions: AI on June 5 at UC Berkeley’s Zellerbach Hall. We’re gathering top AI visionaries from the startup world to

Despite a still tight venture capital market, new unicorns are still being created every month. Using data from Crunchbase and PitchBook, TechCrunch tracked down the newly VC-backed startup minted unicorns so far this year (as of the end of January). These include healthcare companies like Hippocratic AI and satellite space companies like Loft Orbital.  This

There are numerous observability platforms that monitor and evaluate cloud software, like Dynatrace and ServiceNow, which flag potential code errors or failures so engineers can find and fix them. Arize AI says it is bringing that same approach to AI models and applications. Arize is an AI observability platform that helps companies evaluate their AI

Codeium, an AI-powered coding startup, is raising a new round of funding at a $2.85 billion valuation, including fresh capital, according to two sources with knowledge of the deal.  The round is being led by returning investor Kleiner Perkins, the people said. The new round comes just six months after Silicon Valley-based Codeium announced that

Austin-based defense startup Saronic has raised a $600 million Series C to build an autonomous ship factory called “Port Alpha,” it announced yesterday, quadrupling its valuation to $4 billion from its last round.  Investor Elad Gil led the round, with General Catalyst joining existing investors Andreessen Horowitz, 8VC, and Caffeinated Capital, among others. That should

The team at early-stage VC firm Slow Ventures last week launched a $60 million fund entirely dedicated to investing in creators, with an eye towards helping them launch businesses. The idea is that the same entrepreneurial spirit and niche expertise that has helped creators build community is what would make them great founders.  According to

Last decade, companies like Segment rewrote the book on how organizations used APIs to merge data from disparate apps to improve marketing strategies. Today, a startup called Hightouch — co-founded by a former engineering manager at Segment — is announcing $80 million in funding for the next chapter: a platform that lets sales, marketing, and

Safe Superintelligence, an AI startup founded by former OpenAI chief scientist Ilya Sutskever, could be close to raising more than $1 billion at a $30 billion valuation — a higher valuation than reported just weeks ago. Bloomberg reports that VC firm Greenoaks Capital Partners is leading the deal and pledging to invest half a billion

When he was a senior studying at Texas A&M University, Matthew Iommi realized that there were no good options for transporting groups of people. Fellow college students heading out for the night together didn’t have access to on-demand rides with the same convenience, accessibility, and affordability of typical ride-hail platforms, like Uber and Lyft.  “Once

As gaming platforms like Roblox and Minecraft continue to grow in popularity among young children, and with platforms like YouTube consuming hours of their daily screen time, edtech companies face challenges in capturing their attention.  Polymath aims to tackle this by combining gamified mechanics inspired by these popular games with adaptive math lessons to make

Tensions are running high in the AI world this week after Elon Musk made a staggering $97.4 billion bid to buy OpenAI, a move that would mark one of the largest tech acquisitions in history — if it actually happens. OpenAI’s CEO Sam Altman shut down the notion fast, even going so far as to

Elon Musk’s AI startup xAI plans to continue using 15 gas turbines to power its “Colossus” supercomputer in Memphis, Tennessee, according to an operating permit with the Shelby County Health Department for non-stop turbine use from June 2025 to June 2030. Why does it matter? The Commercial Appeal, a news outlet that obtained the documents,