Nevis, which develops AI agents to automate wealth advisers' grunt work, raised a $35M Series A from Sequoia and others at a $200M valuation, after a $5M seed
Many companies are trying to replace wealth advisers with artificial intelligence, but Mark Swan's bet is that humans are here to stay.
Sources: AI contractor marketplace Mercor is finalizing $350M in funding led by Felicis at a $10B valuation; founded in 2023, Mercor manages 30K contractors
Founded in 2023 by three college dropouts, Mercor recruits humans to train chatbots, a new industry gold mine
Harmonic, a startup co-founded by Robinhood CEO Vlad Tenev to build an AI model that outperforms humans in math, raised a $100M Series B at an $875M valuation
Kate Clark / Bloomberg :
Riga-based Aerones, which makes robots that can service wind turbines in about half the time of humans, raised $62M led by Activate Capital and S2G Investments
Virginia Furness / Reuters :
A profile of Jed McCaleb, the billionaire who was behind Mt. Gox and XRP, as his aerospace startup Vast looks to build a private space station with SpaceX
Crafting and launching a space station that can keep humans alive comfortably in orbit is no easy feat. — Jed McCaleb made a fortune in cryptocurrency.
Source: Ilya Sutskever's startup Safe Superintelligence is raising $1B+ at a $30B+ valuation led by Greenoaks Capital, which plans to invest $500M
that outsmarts humans in a safe way—is heading for a $30 billion-plus valuation The Information : Ilya Sutskever's Startup in Talks to Raise Financing at $30 Billion Valuation Meytal Vaizberg / Globes...
How Scale AI's $13.8B valuation from May 2024's $1B funding round is almost certainly too high, given below-average margins, a reliance on few clients, and more
Cory Weinberg / The Information : Threads: @paul_rietschka . X: @coryweinberg and @coryweinberg Threads: Paul Rietschka / @paul_rietschka : This company with its high school graduate CEO is absolutel...
In a rare admission of ad fraud, Yahoo Japan plans to waive $189M in charges, or ~1.6% of parent company LY's FY 2023 revenue, after detecting fraudulent clicks
Admits it's not sure some clicks from from humans, points to bettter quality as sign not all is rotten
Collaborative Robotics, which is developing a Cobot to work alongside humans, raised a $100M Series B led by General Catalyst, taking its total funding to $140M
Humanoids have sucked a lot of the air out of the room. It is, after all, a lot easier to generate press for robots that look and move like humans.
ImpriMed, which builds AI-powered drug response prediction tech for cancer in dogs, cats, and soon humans, raised a $23M Series A led by SoftBank Ventures Asia
Kate Park / TechCrunch :