Spend management startup Ramp has raised another $150 million at a post-money valuation of $7.65 billion, the company confirmed to TechCrunch today.
New investor Khosla Ventures and existing backer Founders Fund co-led the raise, which also included participation from new backers Sequoia Capital, Greylock and 8VC.
Other existing investors Thrive Capital, General Catalyst, Sands Capital, D1 Capital, Lux Capital, Iconiq Capital, Definition Capital, Contrary Capital also put money into the latest round.
Apparently, there were no hard feelings on the part of Founders Fund, which still participated in the financing, even without Rabois.
(It’s worth noting that Rabois originally represented Founders Fund and has sat on Ramp’s board since 2019.)
The Google parent’s moonshot factory X this week officially unveiled Project Bellwether, its latest bid to apply technology to some of our biggest problems.
Here that means using AI tools to identify natural disasters like wildfire and flooding as quickly as possible.
“Right now, our analysts have to spend time sorting through images to find the ones that cover the areas most affected by natural disasters,” the Guard’s Col. Brian McGarry notes.
Google has been exploring the use of machine learning models and AI to predict natural disasters for some time now.
Project Bellwether’s partnership with the National Guard could well prove an important validation of that work.
Don’t blame MKBHD for the fate of Humane AI and Fisker Famed YouTuber Marques Brownlee makes a splash not for what he said — but for howHumane AI raised more than $230 million before it even shipped a product.
“It was really hard to come up with a title for this video,” Brownlee says in the video itself, which currently has over 5 million views.
The actual review was fair and balanced.”An underdog worth $800 millionCritics of MKBHD’s video are operating as though Humane AI is an underdog in the space.
In the month preceding the MKBHD review, federal safety regulators began investigating the Fisker Ocean for complaints about the brakes not working well.
The Humane AI pin was widely panned across the tech review board, but the only person receiving outsized and long-lasting criticism for his review is MKBHD, a Black man.
The “AI ClipHero” feature creates short clips from livestreamed selling events, which often last for hours.
“Shoppable ‘explainer’ videos are the most powerful video commerce medium right now, with TikTok and Instagram becoming the primary way Gen Z discovers, learns about products and purchases products.
However, creating shoppable videos [requires] significant production times,” CommentSold CEO Guatam Goswami told TechCrunch.
AI-powered clipping software isn’t new, but not many companies have developed AI-powered tools specifically designed for live commerce.
Since launching in 2017, CommentSold now helps over 7,000 small- and mid-sized businesses deliver live shopping and e-commerce experiences.
The company has rebranded to “Limitless,” and is now offering an AI-powered meeting suite and a hardware pendant that can record your conversations.
Company co-founder Dan Siroker first posted the idea of a conversation-recording pendant last October and started accepting orders at $59.
Siroker posted the final design this week, along with the news of the company’s pivot.
It’s a web app, Mac app, Windows app, and a wearable.
We plan to reimplement many of our user’s favorite Rewind features directly into Limitless,” Siroker said.
Privacy-focused search engine Brave announced Wednesday that it is revamping its answer engine to return AI-powered synthesized answers.
Brave said that informational queries, such as the one listed about the new answer engine, will automatically rely on AI to present information in a summarized format.
“The user only needs to enter a query as they are used to doing with a regular search engine.
Multiple reports have pointed out that AI-powered search could have grave effects on the future of the web.
“This challenge is not unique to Brave Search but present across most AI-powered answer engines and chatbots, premium or open.
NeuBird founders Goutham Rao and Vinod Jayaraman came from PortWorx, a cloud native storage solution they eventually sold to PureStorage in 2019 for $370 million.
When they went looking for their next startup challenge last year, they saw an opportunity to combine their cloud native knowledge, especially around IT operations, with the burgeoning area of generative AI.
Rao, the CEO, says that while the cloud native community has done a good job at solving a lot of difficult problems, it has created increasing levels of complexity along the way.
“We’ve done an incredible job as a community over the past 10 plus years building cloud native architectures with service oriented designs.
At the same time, large language models were beginning to mature, so the founders decided to put them to work on the problem.
Now, we’re headed to Washington, D.C., for another night of top-notch interviews and unparalleled networking, all at the cozy Woolly Mammoth Theatre on Tuesday, June 11.
Lina Khan – Chair, Federal Trade CommissionAs Chair of the Federal Trade Commission, Lina Khan brings a wealth of experience and expertise to the table.
With a background in business reporting and antitrust research, Khan has dedicated her career to addressing consolidation across various markets.
Steve Case – Chairman & CEO, RevolutionSteve Case is known for his pioneering efforts, such as founding AOL, and integrating the internet into everyday life.
Secure Your Spot:Tickets for StrictlyVC Washington, D.C., are priced at $159, offering exceptional value for an evening packed with exclusive content and networking opportunities.
LinkedIn quietly started to post information describing its new Premium Company Page six days ago.
Pricing for premium company pages is not immediately disclosed, but it appears admins of pages that are eligible for it can see it.
The Premium Company Page subscription in some ways will look very familiar, in that it taps into well-known LinkedIn mechanics.
Testimonials, which LinkedIn has really promoted as a feature on profile pages for individuals, also get a push here: admins can display these prominently at the top of their premium pages.
Last but not least, with LinkedIn big on verification lately, and here too a Page can get a golden badge with a premium subscription.
Mentee Robotics hasn’t been in stealth, exactly.
The Israeli firm caught a small wave of press at the tail end of 2022, following Tesla’s initial humanoid robotics announcement.
Even so, the firm caught some headlines because its co-founder and chair, Amnon Shashua, founded Mobileye and the well-funded AI firm, AI21 Labs.
On Wednesday, however, the company offered up a glimpse of Menteebot, its own stab at the rapidly growing humanoid category.
In fact, this is one of those spots where the precise definition of what constitutes a humanoid system gets blurred.
