Crunchbase News (54 minutes ago)
More money is pouring into Series A rounds, but it isn’t opening the door to more startups. U.S. companies have raised $42 billion at that stage this year through October, up roughly 60% year over year, while deal counts remain on pace with the past few years, Crunchbase data shows.
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SoftBank Group will report quarterly results on Tuesday, as investors look for signs that its AI strategy is still on track. A sharp fall in AI stocks and a blocked robotics deal have added to the pressure, Reuters reported. SoftBank shares fell more than 11% in Tokyo on Friday.
AI startups should be judged by durable revenue, full-price renewals and healthy margins after delivery costs, with embedded customer workflows providing stronger defensibility as model access gets cheaper, rather than their paper valuation, writes guest author Ilman Shazhaev, founder and CEO of…
Onodrim Industries, a defence group based in Amsterdam, has raised $300M in a round led by Lux Capital. The deal values the firm at $1.3bn, Onodrim said in a statement on Monday. Other backers include General Catalyst, Lakestar, Altimeter, Strike Capital, 137 Ventures, 8090 and Expeditions.
Korea’s Ministry of Science and ICT and NVIDIA hosted the MSIT-NVIDIA AI Startup Partnership Forum at COEX. Ryu Je-myung, vice minister of science and ICT, joined NVIDIA leaders to meet with over 20 Korean startups across foundation models, physical AI, AI infrastructure and AI semiconductors.
This week brought another plethora of large funding rounds for startups and growth-stage companies. Shield AI, a defense tech player focused on autonomy and virtual simulations, secured the largest financing, bringing in $2 billion.
AI chip startups can challenge the sector’s Goliath’s by building substantially better hardware for emerging inference demands, much as Juniper challenged Cisco with a new architecture suited to the internet’s rapid growth.
October was a busy month for U.S. startup funding, led by well-known venture investors with a healthy appetite for big deals. We take a look at active investor rankings across three categories: lead deal count, largest lead investments and total venture rounds.
Siggy has raised $6 million in pre-seed funding to build a mental health service that uses AI to collect patients’ histories and track progress between appointments with licensed clinicians, the startup told Crunchbase News exclusively.
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