It’s been a crazy few weeks in AI.
Granted, it feels like it’s always been a crazy few weeks in AI. But this cycle has been especially notable: Reports that Sam Altman has declared a “code red” around improving ChatGPT have made waves, while Databricks is reportedly in talks to raise at a jaw-dropping $134 billion valuation. Anthropic is reportedly looking at a real-life IPO, and everyone’s always watching for news from perhaps the biggest ascent of the year: Cursor, the AI coding juggernaut that’s now valued at more than $29 billion.
And today, Brainstorm AI starts, and so many of these key players will be with us live in San Francisco, including Databricks CEO Ali Ghodsi, OpenAI COO Brad Lightcap, Cursor CEO Michael Truell, San Francisco Mayor Daniel Lurie, Google Cloud CEO Thomas Kurian, and Rivian CEO RJ Scaringe, plus some starpower from Joseph Gordon-Levitt and Natasha Lyonne.
If you’re attending the conference, come find me! I’ll realistically be the one running around in a bright pantsuit. And if you can’t make it, we’ll be livestreaming the show, too – tune in here.
See you soon,
See you tomorrow,
Allie Garfinkle
X: @agarfinks
Email: [email protected]
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Venture Deals
- Antithesis, a Tysons Corner, Va.-based platform designed to validate that software works before it launches, raised $105 million in Series A funding. Jane Street led the round and was joined by Amplify Venture Partners, Spark Capital, and others.
- Paradigm Health, a Columbus, Ohio-based clinical research platform, raised $78 million in Series B funding. ARCH Venture Partners led the round and was joined by DFJ Growth and existing investors.
- Oxzo, a Santiago, Chile-based provider of oxygenation services for aquaculture, raised $25 million in funding from S2G Investments.
- Quanta, a San Francisco-based accounting platform, raised $15 million in Series A funding. Accel led the round and was joined by Operator Collective, Naval Ravikant, Designer Fund, and others.
- LizzyAI, a New York City-based AI-powered talent interviewing company, raised $5 million in seed funding. NEA led the round and was joined by Speedinvest and Zero Prime Ventures.
- PvX, a Singapore-based provider of user-acquisition financing for gaming companies, raised $4.7 million in a seed extension from Z Venture Capital, Drive by DraftKings, and existing investors.
- Corma, a Paris, France-based startup designed to help IT teams monitor SaaS licenses, access, and usage across their software stack, raised €3.5 million ($4.1 million) in seed funding. XTX Ventures led the round and was joined by Tuesday Capital, Kima Ventures, 50 Partners, Olympe Capital, and angel investors.
Private Equity
- NITEO Products, a portfolio company of Highlander Partners, acquired Folexport, a Tualatin, Ore.-based manufacturer of carpet, fabric, and hard surface cleaning products. Financial terms were not disclosed.
