Armis, which provides risk management tools, raised $200M led by General Catalyst and Alkeon at a $4.2B valuation ahead of a 2026 IPO, and passed $200M in ARR
Lynn Doan / Bloomberg :
Ericsson to sell its network portability and data exchange services unit Iconectiv to Koch Equity Development for $1B; the deal is expected to close in H1 2025
Lynn Doan / Bloomberg :
AlphaSense, which offers AI-powered market research services, raised $650M at a $4B valuation and agrees to buy data provider Tegus for $930M
Lynn Doan / Bloomberg :
Sources: OpenAI is in talks with CNN and Fox Corp. to license their text, video, and image content; Time “is in discussions with OpenAI” about a content deal
OpenAI is in talks with CNN, Fox & Time to license their content. … X: Lynn Doan / @lynnmdoan : EXCLUSIVE lots of interesting detail including: The Washington Post has not been in talks with OpenAI in...
US DoD Chief Digital and AI Officer Craig Martell says the agency wants to use AI safely and urges companies to share insights into how their AI tools are built
- Defense Department is holding symposium to discuss AI — Official says agency wants to use the algorithms safely Bluesky: @manpageman.bsky.social . X: @alfred_lanning1 , @katrinamanson , and @lynnmd...
US DoD Chief Digital and AI Officer Craig Martell says the agency wants to use AI safely and urges companies to be more transparent about their AI software
- Defense Department is holding symposium to discuss AI — Official says agency wants to use the algorithms safely X: @alfred_lanning1 , @katrinamanson , and @lynnmdoan X: Alfred Lanning / @alfred_lan...
Sources: after struggling to raise at a $4B valuation, Stability AI secured a convertible note worth less than $25M; Stability denies having fundraising issues
Stability AI, the artificial intelligence startup that has been struggling to raise funding at a $4 billion valuation … Twitter: @katie_roof and @lynnmdoan Twitter: Katie Roof / @katie_roof : Stabilit...
Nick Clegg reiterates that Meta will end news content in Canada if C-18 passes and says he pulled out of a committee hearing after a session title changed
Lynn Doan / Bloomberg :
Sources: Lyft plans to lay off 1,200+, or 30%+ of its 4,000+ staff, days after its new CEO took over, aiming to cut its costs by 50%; Lyft cut ~700 jobs in 2022
at least 30% of its staff. It's struggling to keep up with Uber. Lynn Doan / Fortune : ‘We need to bring our costs down’: Lyft plans to slash another 1,200 jobs after losing ground to rival Uber and s...
Founders fear that the collapse of SVB, which had branches in the UK, Canada, China, Germany, India, Israel, and more, could wipe out startups around the world
Because startups that banked with SVB don't have access to their funds … Manish Singh / TechCrunch : Silicon Valley Bank collapse is impacting many Indian startups Philip Elmer-DeWitt / Philip Elmer‑D...