While troubled startups like Stability AI seemingly have no trouble getting lifelines from big-name investors amidst the AI boom, Universal Hydrogen was unable to catch a break. Read More
Some think AGI is just around the corner. Others think we're nowhere close. Either way, companies need AI that works better than today's LLMs. Read More
VCs often talk about AI as a generationally-transformational technology with seemingly endless applications––and it's incredibly expensive to pursue. Fortune asked nine VCs: What AI startups would you love to see founders launch? Read More
In 2023 alone, about 3,000 startups shuttered, estimates say. So, if the phrase “mass extinction” evokes dinosaurs and asteroids, we’re now in the moment where the worst of the damage has been done, says IVP general partner Tom Loverro.…
Today, we’re swapping software for bright lights, AI infrastructure for boy bands, and Silicon Valley for Seoul. We’re talking about K-pop dealmaking. It’s an especially good time to take a closer look at Korea-based entertainment…
Holoclara has raised $16 million for its Series A, Fortune has exclusively learned. Bold Capital Partners led the round, with participation from Horizons Ventures, Tarrasque, Endurance28, Freeflow Ventures, and a number of angel investors.…
Data pretty clearly suggests that, for lots of fundraising VCs right now, it is brutal out here. But there are nuances to this, as illustrated in PitchBook’s just-published mid-year update to its 2024 U.S. Venture Capital Outlook. Read More
The RIAA sues Sonu and Udio, and Perplexity gets caught seemingly violating its own pledge to not scrape websites that have opted out of scraping—both stories that show AI has a consent problem. Read More
Route has raised $40 million in its Series C, valuing the company at $1.4 billion, Fortune can exclusively report. The round was led by Hanaco VC, and included Jaws Ventures, Madrona Ventures, and Granger. Read More
This time last year, Victor Lazarte was the CEO of Wildlife Studios, the Brazil-based mobile games giant he started with his brother in 2011. Now, he’s navigating the transition from operator to VC as Benchmark’s newest partner, and…
The tech industry is working to fix the longstanding lack of diversity in its senior ranks, but the problem continues to manifest itself again and again. Read More
Six new unicorns were minted in May and, yep, two of them were AI companies, Crunchbase data released earlier this week showed. While newly-minted AI unicorns is a predictable enough phenomenon these days, I was caught more off-guard by…
Soot, a spatial filing system startup, has raised $7.2 million in seed funding. The round was led by Upfront Ventures, and included Michael Mente, Revolve cofounder and co-CEO. Read More
Ahead of Fortune's upcoming Brainstorm Tech conference in Park City, founders, technologists, and investors describe the most pressing issues they face. Read More