Are VCs as ‘dangerous’ as Nik Storonsky thinks they are?
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Palo Alto-based Whop has closed a $200 million Series D led by Sequoia Capital and Shopify Ventures at a $5.1 billion valuation, and plans to open offices in Europe and Colombia, Bloomberg reported.
Instacart was also recently tied to acquisition rumors with Uber, but sources say those talks are no longer active. It is unclear if Uber would try again if DoorDash comes up short.
When attorneys general from across the US announced a $17 billion settlement with Meta this summer, the sum was unprecedented. But a ruling last week by a New Mexico judge blew that number out of the water.
Revenue up, operating profit up, 30 million paid Copilot seats locked in, 88 DCs added, $43.8 billion returned to shareholders
Disruptive, a venture capital firm based in Dallas, has raised a $10bn fund to invest in AI, defence and software startups, Bloomberg reported on Tuesday. The new money roughly doubles the assets the firm manages. Disruptive plans to back about 10 late-stage companies, putting around $1bn into each.
The first wave of finance AI helped teams work faster. The next is taking responsibility for the work itself. Hyphenate is the autonomous finance platform for the office of the CFO. It announced a $45 million Series A led by Nexus Venture Partners.
The Guardian Technology
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