This week he reminded us that creative accounting not only happens in Hollywood. Some hopes have been broken, but the startups fulfill all types of guarantees, from nuclear reactors to small EV.
The most interesting stories of startups from the week
Startup news this week was a very mixed bag, with one public output, and one other delayed and avalanche of other events, each promising and disappointing.
Fears of resignation: TechCrunch learned that several corporations with logo on page 11X weren’t actual clients of the A16Z and Benchmark startup. Sources also said that 11x used creative ways to calculate annual repetitive revenues were used.
Further delays: Brain systems saw his IPO delayed again. Chipmaker AI applied for the audience in 2024, but his review of national security stretches.
Nuclear: Ground energy, an American nuclear startup that develops small modular reactors, made public and expects $ 280 million. Meanwhile, Fusion Fusion-Fusion, supported by Bill Gates, achieved a key milestone to build a demonstration reactor.
Too little: Agricultural company Pionowa has submitted a lot of bankruptcy after collecting almost $ 1 billion funding from investors, including Softbank Investment Advisers, Walmart, Bezos Expeditions and Jeff Bezos as an angel investor.
Exemptions: Block, fintech startup co-founder of Jacek Dorsey, released 931 people, in keeping with the leaking email. The company, which owns the App and Square, has already carried out exemptions in 2024.
Roach: Apparently, NVIDIA is approaching a contract for obtaining Lepton AI, a startup that rents servers powered by their AI systems. And it is said that Furiosaai, a South Korean startup, which submits the AI application systems, rejected the acquisition offer of $ 800 million from Meta.
The most interesting VC messages and financing this week
From the initially sown E series, here are a few rounds that caught our attention this week. In addition, latest VC financing for investing in latest offers.
Hot thermometer: Mercury digital banking startup collected $ 300 million in primary and secondary financing, including the C series managed by Sequoia. It also increased over twice the valuation to $ 3.5 billion for money.
Valuation bump: Island, a company that produces corporate browsers, secured $ 250 million in the E series managed by Coate, which valued the startup from Dallas at $ 4.85 billion-a valuation of the valuation lower than a yr after the previous round.
Also: Rivian threw out a latest startup of micromobility called also, which has already received $ 105 million from Eclipse Ventures. Its purpose is to build small EV, with a flagship production product next yr for consumers in the USA and Europe.
Automated: The rapidly developing Berlin startup from the N8N work flow automation collected $ 60 million in the financing round of Highland Europe, and also participated in HV Capital and previous sequoia, Felicis and Harpoon investors. Sources say that the valuation was nearly $ 270 million.
Ramp for Latam: A graduate of YC based in Mexico Mendel collected a B -series in the amount of $ 35 million and expects her activity to realize profitability by the end of 2025.
Carpets for wealth: Arcade, the generative market for artificial intelligence of jewellery design, at the same time announced the funds of series A series value $ 25 million and extension to household goods, starting with carpets.
No free workforce: The former general director of Outreach Manny Medina paid Pay, a latest startup, which has already collected $ 11 million in financing before the seeded to make sure that AI agents received payment.
More AI: San Mateo in California Emergence Capital closed the seventh fund in the amount of $ 1 billion per B2B corporations, with AI range.
Blue Check: The French company VC Daphni announced the first closing of the third fund, Daphni Blue, with about $ 215 million secured for a general purpose of $ 270 million.
Beyond the voice: Alexa Amazon fund expanded its scope outside of voice startups, with a broader focus on AI investments.
No less necessary
The latest report presented 20 hottest startups of Open Source in the world. You can find a full list and more details here. As you possibly can guess, greater than half of them are at the base.