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Startups

Larridin raises $30M to show companies what their AI spending buys

Larridin, a San Francisco startup that measures what companies get back from AI, has raised $30 million. Pelion Ventures led the Series A round, the company said in a statement on Monday. Andreessen Horowitz and Gradient Ventures, which backed Larridin’s $17 million seed round, invested again.

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Startups

Meta reportedly weighs $20B bond sale, its first in euros

Meta is sounding out investors for a bond sale worth at least $20bn, Bloomberg reported on Monday, citing a person familiar with the matter. It would be the company’s first bond sale in euros. The plan under discussion splits the deal into US dollar bonds in five parts and euro notes in six parts.

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General Tech

Squarespace lays off 19% of staff, about 300 people

Squarespace is laying off 19% of its workforce, about 300 people, The Verge reported on Monday. The website builder has about 1,800 employees worldwide. Most of the cuts hit product and engineering teams, according to a companywide memo from chief executive Anthony Casalena seen by Business Insider.

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