Maven Ventures Secures $60M for Fund IV, Proving Continued Enthusiasm for Consumer Tech Investing

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When prolific venture capital firms Andreessen Horowitz and Lerer Hippeau announced in early 2024 they were pivoting away from consumer tech, it sparked a social media debate about whether there are still opportunities. Jumping in, Maven will be there helping to build the next game-changing health AI company or robotics AI consumer business, he said. Scheinman started the firm in 2013 and brought in Deshpande soon after to focus on consumer AI and personalized medicine. They brought in investment partner Robert Ravanshenas in 2015, and again in 2020 after a stint in a startup operating role, to focus on fintech, longevity and consumer AI. Together the trio remains committed to seeding similar consumer tech trends, including applications of AI, personalized healthcare, climate and sustainability, family technology and fintech.

Tune in to the live stream of the Google Cloud Next Keynote right now

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It’s time for Google’s annual look up to the cloud, this time with a big dose of AI. At 9 a.m. PT, Google Cloud CEO Thomas Kurian will kick off the opening keynote for this year’s Google Cloud Next event, and you can watch it live right here. After this week we’ll know more about Google’s attempts to help the enterprise enter the age of AI. From a deeper dive into Gemini, the company’s AI-powered chatbot, to securing AI products and implementing generative AI into cloud applications, Google plans to cover it all.

Terran Orbital’s Top Client Nears Funding Deal for Multibillion-Dollar Constellation Venture

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Terran Orbital may be close to receiving a major payment from its biggest customer, CEO Marc Bell announced internally at a company-wide meeting earlier this month. While Terran is pursuing other lucrative contracts that could comprise billions in work, its $2.4 billion contract with Rivada is by far the largest it has secured so far. Earlier this quarter, Terran had to adjust its full-year financial outlook after Rivada delayed paying an incremental $180 million toward that total contract award. “I had dinner with [Rivada CEO] Declan Ganley last week in DC,” Bell told staff during the meeting, a recording of which was obtained by TechCrunch. As of November, Terran reported a backlog of future work of $2.6 billion, of which $2.4 billion is from the Rivada contract.