Anthropic’s $5B, 4-year plan to take on OpenAI

AI research startup Anthropic aims to raise as much as $5 billion over the next two years to take on rival OpenAI and enter over a dozen major industries, according to company documents obtained by technewss. A pitch deck for Anthropic’s Series C fundraising round discloses these and other l

Level up with our partners at TC Early Stage

Boston! Are you ready for some green on 4/20? No, not that green. It's technewss Early Stage 2023! Soon enough, we'll be coming straight atcha with a host of speakers, workshops, roundtables, and networking opportunities that are sure to accelerate your dream. *Cut to Mark Wahlberg speedin

Staytuned bags $34M in equity, debt to build 'Salesforce suite for e-commerce'

Staytuned Digital has $34 million in new equity and debt to continue developing a software suite for e-commerce brands with a goal of what co-founder Serge Kassardjian described as “the Salesforce suite for e-commerce stores.” “E-commerce has completely shifted and is moving to these emerging

Without the Stripe and OpenAI deals, global VC results would have been even worse in Q1 2023

Even as Y Combinator reveals the latest startups in its cohort for this winter, we have poor news for founders: The global venture capital market shrank in Q1 2023, and it would have been even worse if it were not for a few mega deals, according to Crunchbase (disclosure: my former employer) and Pi

Discover the SaaS Stage at Disrupt 2023

"">technewss Disrupt, the premier event for startup investors and founders, is coming back September 19–21, 2023 — and we’ve mixed up the format. This year, we're rethinking TC Sessions, the stand-alone industry events series, and merging them into the big annual tech event — wh

SoftBank LatAm sees past recent losses, remains bullish on region

When SoftBank announced in 2019 that it had allocated $5 billion to investing in Latin American startups, it felt like an inflection point for the region. And then when the Japanese investment conglomerate announced it had committed another $3 billion to startups there, it was only further validati

Forme Financial launches out of beta as Earned to help physicians manage wealth

Forme Financial, a wealth management platform for physicians, is emerging from beta with a new name and $12 million in Series A funding. Now called Earned, the New York-based company provides a “comprehensive wealth system” focused on the needs of physicians, which John Clendening, co-founder a

Alga Biosciences wants to help climate change, one bovine burp at a time

Cows are a significant source of methane emissions, primarily due to their unique digestive system. Milk and beef cows are ruminants, which means they have a specialized stomach chamber (called the rumen), which houses billions of microbes that facilitate the breakdown of fibrous plant material. Th

Honeycomb scores $50M investment as observability platform thrives

Honeycomb was founded in 2016 by two former Facebook engineers to create a new way of looking at application monitoring based on the internal tooling they had seen at Facebook. At the time, they foresaw a changing IT landscape that was being transformed by microservices and containerization and the

Alternative seafood startup Aqua Cultured Foods reels in $5.5M

Venture capital investors focused on food tech are calling 2023 the year when alternative seafood startups will make notable strides. Meanwhile, investors expect 40 investments to be made in this sector this year, up from 36 in 2022, according to the Good Food Institute's annual investor report

6 common challenges facing cybersecurity teams and how to overcome them

Building products and companies in cybersecurity is not an easy task because in many ways, the industry behaves differently from others. To start, it is very crowded, with hundreds and thousands of undifferentiated solutions promising to solve all security problems and more often than not, falling

Funds offering ‘friends and family’ checks could bring the change underrepresented founders need

Perhaps you've been there before: An investor shrugs and waves their hand. “Go raise a friends and family round,” they say before perfunctorily throwing out a number worth three times more than the average Black household. A new white paper by the venture fund Fifth Star put into context ho

Adthos uses generative AI to completely automate audio ads

As generative AI proliferates, it’s beginning to reach the ads we hear on podcasts and the radio. Startup Adthos this week launched a platform that uses AI to generate scripts for audio ads — and even add voiceovers, sound effects and music. Customers can optionally go in and edit the a

Slowly but surely, data is helping VCs look beyond networks for sourcing deals

Venture capital has traditionally been an industry that revolves around relationships. VCs invest in a startup’s idea but their conviction stems from the folks behind it. This largely makes sense because investing in a startup also usually entails entering a years-long relationship. But backi