Source: Benchmark's 2020 fund is now worth 10x+ and 2024 fund is 3x what investors put in, based on cash distributions and the paper value of its investments
Natasha Mascarenhas /Bloomberg:
Source: Benchmark's 2020 fund is now worth 10x+ and 2024 fund is 3x what investors put in, based on cash distributions and the paper value of its investments
Natasha Mascarenhas /Bloomberg:
Everett Randle, a former partner at Kleiner Perkins, joins VC firm Benchmark as general partner, following a slew of personnel departures at Benchmark
Natasha Mascarenhas / The Information : X: @km , @danprimack , @everettrandle , @scottbelsky , @everettrandle , @zebulgar , and @benchmark X: Kanyi Maqubela / @km : @EverettRandle @benchmark much con...
Sources: Cursor-maker Anysphere is considering investment offers at a ~$30B valuation; Cursor generates $500M in ARR as of June, the third highest for an AI app
Natasha Mascarenhas / The Information : X: @nmasc_ X: Natasha Mascarenhas / @nmasc_ : Scoop: Cursor has been approached with investment offers at a $30 billion valuation & is considering a new fundra...
Distyl AI, which provides AI tools to automate business processes like HR management, raised $175M led by Lightspeed and Khosla Ventures at a $1.8B valuation
Natasha Mascarenhas / The Information :
Source: Nvidia agreed to rent 10K of its own AI chips from Lambda for $1.3B over four years, the latest example of Nvidia's circular financial arrangements
18,000 GPUs will be leased over 4 years, as Lambda gears up for its IPO Martin Peers / The Information : Nvidia's Chip Round-Trip Deals Rebecca Szkutak / TechCrunch : Cloud provider Lambda may be gear...
Sources: Elad Gil is raising a fund of ~$1.5B that could grow to $2B based on investor interest, making it one of the largest fundraising hauls for a solo GP
Natasha Mascarenhas / The Information : X: @nmasc_ X: Natasha Mascarenhas / @nmasc_ : Scoop: Elad Gil is raising a $1.5 billion fund, which if closed would be one of the largest hauls for a solo GP. ...
Sources: Anthropic's revenue hit a pace of $4B/year, up almost 4x from the beginning of 2025; source: Cursor maker Anysphere hired two of Claude Code's leaders
What's notable is that Cursor just poached the lead engineer and PM for Claude Code. I guess this is now an industry trend. Threads: Dare Obasanjo / @carnage4life : Anthropic is at $4B/year revenue w...
Current and former employees of OpenAI have sold nearly $3B worth of shares in tender offers since 2021, with $1.5B+ going to SoftBank alone
Natasha Mascarenhas / The Information : Bluesky: @edzitron.com Bluesky: Ed Zitron / @edzitron.com : This is what you do when you think they'll be worth more in the future btw [embedded post]
Sources: Periodic Labs, which is building a “ChatGPT for material science”, is seeking to raise $100M+ at a $1B+ valuation, just two months after its founding
Natasha Mascarenhas / The Information :