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Harvard Law to AI: MarqVision lands $48M to combat brand abuse

When Mark Lee was a law student at Harvard, a trademark class exposed him to the staggering scale of counterfeiting, an illicit industry worth more than $3 trillion annually, and set him on an unexpected path to entrepreneurship. “I was always broadly interested in technology and startups, but I never really thought I’d be an entrepreneur. I assumed I was set to become a lawyer; most of my family members are lawyers, and practicing law felt like a natural path,” Lee said in an exclusive intervi

Klarna IPO and ASML's Mistral bet revive Europe's tech dreams

Sebastian Siemiatkowski, CEO and Co-Founder of Swedish fintech Klarna, gives a thumbs up during the company’s IPO at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025. Brendan McDermid | Reuters LONDON — It's been a busy week for the European technology sector. On Tuesday, London-headquartered artificial intelligence startup ElevenLabs announced it would let employees sell shares in a secondary round that doubles its valuation to $6.6 billion. Then, Dutch chip firm ASML on Wedn

Cognition AI defies turbulence with a $400M raise at $10.2B valuation

In Brief Cognition AI, the startup behind AI coding agent Devin, has hit a $10.2 billion valuation after raising $400 million, marking a jump from the company’s $4 billion valuation earlier this year, reports Bloomberg. Founders Fund, the Peter Thiel-backed VC, led Cognition’s latest round, with participation from existing investors like Lux Capital, Joe Lonsdale’s 8VC, Elad Gil, Definition Capital and Swish Ventures. In July, Cognition acquired AI coding startup Windsurf, just days after Goo

TED leader’s $300M ‘valley of death’ fund might be just what later-stage climate tech needs

Like many startups, climate tech companies often face a “valley of death” that lies between early stage funding and growth capital that helps proven technologies reach commercial scale. But because climate tech startups are often hardware focused — physical problems tend to require physical solutions, after all — this valley of death tends to be a lot wider. Financing a first-of-a-kind power plant or factory can cost tens or hundreds of millions of dollars. Now, a new fund hopes to bridge this

Sequoia’s Roelof Botha joins TechCrunch Disrupt 2025 for a 20th anniversary conversation on the future of venture

We’re excited to announce that Roelof Botha, managing partner of Sequoia Capital and one of the most influential voices in venture capital, will join us live onstage at TechCrunch Disrupt 2025, taking place October 27–29 at Moscone West in San Francisco. For more than two decades, Botha has helped shape some of the world’s most iconic companies — and his perspective has never been more important. Why this session matters The venture ecosystem is in flux: Venture firms are evolving into broad

US and Indian VCs just formed a $1B+ alliance to fund India’s deep tech startups

Eight U.S. and Indian venture capital and private equity firms — including storied investors Accel, Blume Ventures, Celesta Capital, and Premji Invest — have formed an unusual coalition to back India’s deep tech startups, pledging more than $1 billion over the next decade to strengthen U.S.-India tech ties. The alliance addresses longstanding funding concerns. In April, Indian Commerce Minister Piyush Goyal drew criticism after slamming domestic startups for focusing on food delivery instead of

U.S. and Indian VCs just formed a $1B+ alliance to fund India’s deep tech startups

Eight U.S. and Indian venture capital and private equity firms — including storied investors Accel, Blume Ventures, Celesta Capital, and Premji Invest — have formed an unusual coalition to back India’s deep tech startups, pledging more than $1 billion over the next decade to strengthen U.S.-India tech ties. The alliance addresses longstanding funding concerns. In April, Indian Commerce Minister Piyush Goyal drew criticism after slamming domestic startups for focusing on food delivery instead of

Nvidia, Google, and Bill Gates help Commonwealth Fusion Systems raise $863M

Fusion power startup Commonwealth Fusion Systems has raised $863 million from a long list of investors that includes Nvidia, Google, Breakthrough Energy Ventures, and more. “We’re continuing our trend here of looking into the world and saying, ‘How do we advance fusion as fast as possible?’” co-founder and CEO Bob Mumgaard told reporters in a call this week. “This round of capital isn’t just about fusion just generally as a concept, but it’s about how do we go to make fusion into a commercial i

More than 10 European startups became unicorns this year

Funding season is about to restart in Europe after the summer lull, and if all goes well, it will be counting new unicorns in dozens — plural. While mega-rounds are less common than they were in 2021, this hasn’t prevented 12 European startups from raising rounds at valuations of more than $1 billion during the first half of 2025. As the usual caveat goes, past performance is not indicative of future results, but this bodes well for the rest of the year. Either way, this is also a good indicati

Struggling fusion power company General Fusion gets $22M lifeline from investors

General Fusion, a Canadian nuclear fusion energy startup, announced today that it had been thrown a lifeline in the form of $22 million in fresh funding. The company had laid off at least 25% of its employees in May in a bid to shore up its stretched finances. At the same time, CEO Greg Twinney wrote an open letter pleading for funding. The additional cash will give General Fusion some breathing room, though not much. A subset of General Fusion’s existing investors ultimately ponied up for wha

StrictlyVC at TechCrunch Disrupt 2025: Inside the LP Track

StrictlyVC is back at TechCrunch Disrupt in October, bringing together the insiders who shape the venture capital landscape, this time with a sharper focus on the market’s biggest challenge: liquidity. In an era of extended exit timelines, slowed distributions, and increasingly selective LPs, the conversations behind closed doors matter more than ever. Working with Cendana Capital, which has backed 80+ funds in its 15-year history, we are launching a new off-the-record LP Track that offers an un

Raising multiple rounds of venture capital might be wrong for your startup

There’s a generally accepted script in Silicon Valley: Identify a startup idea. Sell a chunk of your company to raise venture capital. Make sales. Raise more venture capital, and make more sales. Repeat until the company goes public, or gets acquired, hopefully for billions either way. But what if you didn’t get on a fundraising treadmill after taking a first round? What if you structured your company to sprint to profitability through slower, sustainable growth, rather than the reverse — unpro

Trump's Nvidia and Intel meddling is a 'scattershot method of crony capitalism': Walter Isaacson

President Donald Trump's dealings with Intel and Nvidia amount to a "scattershot method of crony capitalism," Walter Isaacson said Thursday. "That state capitalism often evolves into crony capitalism, where you have favored companies and industries that pay tribute to the leader, and that is a recipe for not only disaster, but just sort of a corrupt sense of messiness," he told CNBC's "Squawk Box." The Tulane University professor, widely known for his recent Elon Musk biography, argued that th

Nvidia, Bill Gates-backed robotics startup Field AI hits $2 billion valuation after recent raise

Bill Gates-backed Robotics startup Field AI has raised $405 million in two funding rounds, with investments from Nvidia 's venture capital arm and Amazon founder Jeff Bezos' family office. The funding comes during an "aha moment," founder and CEO Ali Agha told CNBC, as software and hardware reach an inflection point. "We are growing," he said. "This funding announcement is to respond to the customer demand." The latest round values the two-year-old startup at $2 billion, according to a person

OpenAI in talks to sell around $6 billion in stock at roughly $500 billion valuation

Sam Altman, CEO of OpenAI attends the annual Allen and Co. Sun Valley Media and Technology Conference at the Sun Valley Resort in Sun Valley, Idaho, U.S., on July 8, 2025. OpenAI is preparing to sell around $6 billion in stock as part of a secondary sale that would value the company at roughly $500 billion, CNBC confirmed Friday. The shares would be sold by current and former employees to investors including SoftBank, Dragoneer Investment Group and Thrive Capital, according to a person familia

Clay confirms it closed $100M round at $3.1B valuation

In Brief Sales automation startup Clay has raised a $100 million Series C at a $3.1 billion valuation in a round led by CapitalG, confirming TechCrunch’s report from June. The financing follows a $1.25 billion Series B round from six months ago and a $1.5 billion Sequoia-led tender offer announced a couple of months ago, which allowed most employees to sell some of their shares. The latest deal brings Clay’s total funding to $204 million. Existing investors Meritech Capital, Sequoia Capital,

OpenAI reportedly raises $8.3B at $300B valuation

ChatGPT-maker OpenAI has raised $8.3 billion at a $300 billion valuation, reports The New York Times. The deal is part of OpenAI’s broader strategy to secure $40 billion this year. The oversubscribed round came months ahead of schedule, per the NYT. OpenAI initially raised $2.5 billion from VC firms in March when it announced its intention to raise $40 billion in a round spearheaded by Softbank. The AI giant had planned to take on an additional $7.5 billion by the end of the year, but beat itse

Ferrari Status

Is Ferrari a car company? The obvious answer is yes, but not according to its CEO, Benedetto Vigna, who recently described the company’s business model saying, “We are not – we are not – a car company. We are a luxury company that is also doing cars.” That’s their differentiator. Their brand. Their “schtick.” And, it works, but not because it’s a marketing ploy. It works because Ferrari backs it up with its actions. How so? By adhering to its founder Enzo Ferrari’s “scarcity dictum” that de

How founders are ditching VC norms and finding capital on their own terms at TechCrunch Disrupt 2025

At TechCrunch Disrupt 2025, happening October 27–29 at Moscone West in San Francisco, a candid conversation is coming to the Builder Stage — one that unpacks what startup funding looks like beyond the venture capital echo chamber. Funding routes that don’t start in the Valley Founders today have more capital paths than ever. But how do you navigate them — and know which one actually supports your growth? In this session, hear from Erik Allebest, the CEO and co-founder of chess.com; Gale Wilkin

Meta, Microsoft roar higher on strong earnings as AI spending booms

Shares of Meta soared 12% and Microsoft popped 5% on Thursday, after the companies reported better-than-expected earnings that beat on top and bottom lines. Microsoft topped the $4 trillion market cap benchmark with the move, joining Nvidia in the club. Both Meta and Microsoft have been investing heavily in artificial intelligence infrastructure in recent years, and the companies said they expect to continue to shell out billions in capital expenditures. Meta said capital expenditures will ra

Anthropic reportedly nears $170B valuation with potential $5B round

In Brief Anthropic is nearing a deal to raise between $3 billion and $5 billion in funding, valuing the large language model developer at $170 billion, Bloomberg reported. Iconiq Capital is leading this funding round, but there’s a possibility of a second lead investor joining the deal. The company has also been in talks with Qatar Investment Authority and GIC, Singapore’s sovereign wealth fund, according to the report. If finalized, the deal would nearly triple Anthropic’s valuation, which w

Food delivery service Calo scores $39M in Series B extension as it sets eyes on the UK

Middle Eastern food delivery startup Calo said Tuesday it has raised $39 million in a Series B extension that was led by Aljazira Capital. The fundraise, which was more than 1.5x of its original $25 million raise in December, also saw participation from existing backers such as Nuwa Capital, STV, Khwarizmi Ventures, and Al Faisaliah Group. The company is using this funding to expand into territories like the U.K. and to explore different partnerships in physical space. Calo primarily offers re

Food delivery service Calo scores $39 million in Series B extension as it sets eyes on the UK

Middle Eastern food delivery startup Calo said Tuesday it has raised $39 million in a Series B extension that was led by AlJazira Capital. The fundraise, which was more than 1.5x of its original $25 million raise in December, also saw participation from existing backers such as Nuwa Capital, STV, Khwarizmi Ventures, and Al Faisaliah Group. The company is using this funding to expand into territories like the UK and also explore different partnerships in physical space. Calo primarily offers re

TechCrunch Mobility: Tesla vs GM: A tale of two earnings

Welcome back to TechCrunch Mobility, your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! The poll results are in (from last week’s edition) and it’s clear what you want: Analysis with a capital A. You also want scoops, a bit of a news roundup, and deals, but far and away you’re looking for analysis. I’ve always sprinkled my thoughts and insights throughout the newsletter, but over the next few weeks and months you’ll se

Three things veteran planetary health investors look for in a startup

Ask any founder or investor: fundraising is never easy. And in a market with this level of uncertainty, the difficulties are compounded. “Everyone has to go through fundraising, and it’s a relatively challenging market right now,” Kyle Teamey, managing partner at RA Capital Planetary Health, told TechCrunch. “That’s good for a bit of empathy.” Teamey and his colleague Brigid O’Brien, also a managing partner with the firm, know this as well as anyone. They just closed a $120 million fund, their

AI capex is so big that it's affecting economic statistics

AI capex is so big that it's affecting economic statistics, boosting the economy, and beginning to approach the railroad boom As ever, here is what's ahead: Updates on prior pieces My most recent Rough Notes essay A few things worth reading I previously wrote about the perils of building renovation as a Fed chair, especially given an administration bent on finding a reason to fire you "for cause." As anyone who has renovated anything larger than a dog house knows, no one thinks what you spent

AI CapEx Is Eating the Economy

AI capex is so big that it's affecting economic statistics, boosting the economy, and beginning to approach the railroad boom As ever, here is what's ahead: Updates on prior pieces My most recent Rough Notes essay A few things worth reading I previously wrote about the perils of building renovation as a Fed chair, especially given an administration bent on finding a reason to fire you "for cause." As anyone who has renovated anything larger than a dog house knows, no one thinks what you spent

Hadrian raises $260M to build out automated factories for space and defense parts

Investors are continuing to rally behind the call to reindustrialize American industry, this time by building out a $260 million war chest for automated manufacturing startup Hadrian to scale its factory footprint and make even more machine parts. Hadrian’s aim is to modernize American manufacturing by leveraging advanced automation to deliver mass-produced parts for aerospace and defense companies at a fraction of the time. It’s a huge change to the status quo: a manufacturing industry that’s

Crypto accumulator DeFi Development to expand globally by franchising its Solana treasury model

DeFi Development , a company vying to be the MicroStrategy of Solana, is expanding internationally through a franchise model. The company plans to partner with others looking to operate their own Solana treasuries with DeFi's support. In return, DeFi Development will retain an equity stake in each regional vehicle. The initiative will be branded DFDV Treasury Accelerator. "Most crypto treasury vehicles today are following the MicroStrategy model. What excites us about DFDV is that they're not

Brian Singerman is raising over $500M for a new fund with a twist on the VC model

Former Founders Fund GP Brian Singerman and co-founder and managing partner of Quiet Capital, Lee Linden, are seeking over $500 million for a new fund called GPx, three people familiar with their strategy told TechCrunch. A portion of GPx’s fund will likely come from Founders Fund co-founder Peter Thiel, these people said. GPx uses a two-pronged strategy. The firm will invest approximately 20% of the capital into funds managed by emerging VCs who are targeting pre-seed and seed-stage startups;