The startup selling visibility to AI engines reached 1.8 billion dollars
Profound, which works on visibility inside AI engines, reached a 1.8 billion dollar valuation with a 180 million dollar Series D.
Companies
Venture capital
A 112-year-old law turns on venture capital: the DOJ is investigating a16z
The Justice Department is examining a16z partners sitting on the boards of two now-competing companies, using a statute almost never applied to venture firms.
Policy
Databricks wanted $1 billion and took $5 billion: the squeeze of late-stage rounds
Databricks co-founder Ali Ghodsi described how the company actually wanted to raise $1 billion but, faced with $15 billion of interest that followed a news report, closed a $5 billion round at a $190 billion valuation.
Companies
Dual valuations in AI rounds: different prices in the same deal
According to Newcomer, dual-valuation deals have become pervasive in the AI funding cycle, with prestige firms monetising their brand names by getting better prices in the same round.
Companies