Venture firm CRV returns $275 million citing overvaluation of mature startups

CRV, a more than 50-year-old venture firm, is returning to investors $275 million from its $500 million Select fund, which backs later-stage rounds of existing portfolio companies, the New York Times reported. The firm is one of the first Silicon Valley outfits to…Read More

Cancer AI Alliance joins medical and tech expertise together with $40M to collaborate on next-gen care

A group of major medical institutions specializing in cancer care have formed a partnership to better take advantage of AI’s potential to advance the space. With $40 million of cash and resources from big tech backers, the Cancer AI Alliance…Read More

Facebook says it paid content creators $2B this year

Are creators sleeping on Facebook? Though the social network has been more enticing for AI Shrimp Jesus than young people, Facebook is consolidating its monetization programs into a more streamlined Facebook Content Monetization hub, which will reward creators for their Reels, longer videos,…Read More

Spill, the Black-owned Twitter alternative, scores investment from Kerry Washington

as the second anniversary of Spill rolls around, Spill has something else to celebrate: Emmy-winning actress Kerry Washington has made an investment in his app.
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Hedosophia leads $7M seed round into retail supply chain AI startup Ameba

Ameba takes the unstructured data in a retailer’s supply chain systems, sprinkles in some generative AI, and makes the whole thing more efficient. 
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Peak XV trims fund size and fees as Indian market overheats

Peak XV, the largest India and Southeast Asia-focused venture firm, is reducing the size of a handful of its funds and lowering fees as it seeks to become “deeply aligned” with its limited partners. The firm, which secured capital commitments totaling $2.85 billion in mid 2022, informed…Read More

Peak XV trims fund size and fees as Indian market overheats

Peak XV, the largest India and Southeast Asia-focused venture firm, is reducing the size of some of its funds and lowering fees as it seeks to become “deeply aligned” with its limited partners. The firm, which secured capital commitments totaling $2.85 billion in mid 2022, informed its…Read More

Peak XV trims fund size and fees as Indian market overheats

Peak XV, the largest India and Southeast Asia-focused venture firm, is reducing the size of some of its funds and lowering fees as it seeks to become “deeply aligned” with its limited partners. The firm, which raised $2.85 billion funds in mid-2022, informed its backers on Tuesday…Read More

Palmer Luckey: Every country needs a ‘warrior class’ excited to enact ‘violence on others in pursuit of good aims’

Palmer Luckey raged against America’s adversaries, endorsed completely autonomous weapons, and hinted at an Anduril IPO. 
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Threads users can now see who follows them from other fediverse servers

Instagram head Adam Mosseri announced on Tuesday that users who have connected their accounts to the fediverse, also known as the open social web, can now see who follows them and likes their posts from other fediverse servers, such as Mastodon and Pixelfed.  The company said…Read More

Aspect Build gets $3.85M to help developers create software with Bazel

Monorepos are becoming an increasingly popular way to manage source code, but they require a slightly different toolset. Google developed its own internal build and test tool on top of its monorepo and then, in 2015, open sourced it as Bazel. Nine years on, there is a thriving…Read More

eBay removes UK seller fees to counter new wave of marketplace startups

E-commerce giant eBay, facing stiff competition from newer rivals, has removed final-value sales fees for all items excluding cars sold domestically in the U.K. This mirrors a similar move the company made in Germany last year and notably puts eBay in line with the likes of…Read More

Sequoia backs Pydantic to expand beyond its open source data-validation framework

Sequoia is investing $12.5M in UK startup Pydantic to help it expand beyond its open source data-validation framework.
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Anduril speeds up launch of defense payloads by buying Apex satellite buses off the shelf

Anduril is expanding even further into the “ultimate high ground.”  The company, which is best known for AI-powered defense products that span air, land and sea, is partnering with satellite bus manufacturing startup Apex Space to rapidly deploy payloads on…Read More

Anduril speeds up launch of defense payloads by buying Apex satellite buses off the shelf

Anduril is expanding even further into the “ultimate high ground.”  The company, which is best known for AI-powered defense products that span air, land and sea, is partnering with satellite bus manufacturing startup Apex Space to rapidly deploy payloads on…Read More