Friday, 30 August 2024

August’s interesting rounds

Plus, OpenAI's $100B valuation

August 30, 2024

Hi, Agen. Summer vacations and the laid-back nature of this time of year may have caused some to miss the intriguing startups that raised cash in August . But do not fear, we share a handful of the month’s more interesting startups getting money with solutions to address dirty laundry, space mining and a portable allergen detector. Plus, a look at OpenAI’s anticipated $100 billion valuation unearthed some thought-provoking comparisons.

🤔 5 interesting startup deals you may have missed in August

This month was full of interesting rounds — ranging from a laundry startup to a company that has developed a sensor-laden tool for finding toxins and contaminants to help those that have allergies.

🤯 Putting OpenAI’s $100B valuation into context

OpenAI’s reported $100 billion valuation is a staggering number, even by venture-backed unicorn standards. We put together a few comparable stats to put it in context.

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💰 Anthology Fund looks to marry venture industry with gen AI

AI investment has towered over other sectors when it comes to venture investment, and one of the oldest firms in Silicon Valley has led that charge. Now Menlo Ventures is looking for more — and partnering with one of the biggest generative AI startups in the world.

Related Crunchbase Pro lists:

• Menlo Ventures Generative AI Portfolio

• Global Funding To AI Companies In 2024

Recent Investments

Parry Labs

$80M / Series A

Parry Labs integrates digital systems, modernizes defense platforms, and accelerates military technology development.

Categories:

Artificial Intelligence (AI) • Government • GovTech • Information Technology • National Security • Software

Founders:

John Parkes, Robert Miller

Investors:

Capitol Meridian Partners (Lead), 3Wire Partners, Teamworthy Ventures + 1 more

nOps

$30M / Series A

nOps is an AWS optimization platform that simplifies and automates cloud tracking, allocation, and optimization.

Categories:

Cloud Computing • Cloud Management • SaaS • Software

Founders:

Ashok Seetharaman, JT Giri, Sumit Gupta

Investors:

Headlight Partners (Lead)

Propel

$3.5M / Grant

Propel is a consumer technology company that offers a mobile app to improve financial health for low-income Americans

Categories:

Apps • Finance • Financial Services • FinTech

Founders:

Jeff Kaiser, Jimmy Chen, Ram Mehta, Shelly Ni

Investors:

Bill & Melinda Gates Foundation (Lead)

More Fundings

Company Amount / Round Lead Investor
Swiss-Mile $22M / Seed Round Bezos Expeditions
Moda Operandi $10M / Venture Round -
Altscore $8.5M / Series A -
Servify 340M INR / Series D Bajaj Holdings and Investment
Agency AI $2.6M / Pre Seed Round 645 Ventures
All Recent Funding Activity

Recent Acquisitions

ABL Life Insurance

Pending acquisition by Woori Financial Group for 265B KRW

More Acquisitions

Company Acquired By Amount
Tongyang Life Insurance Woori Financial Group 1280B KRW
Valueleaf Services India VerSe Innovation Unknown
All Recent Acquisition Activity

Upcoming Tech Events

BTF 2024

October 10 - 10, 2024 in London

BTF is a media and events platform centered around culture and innovation.

Accelerator Deadlines

Date Accelerator Location
Apr 5, 2027 Evvolve & Partners London
Oct 1, 2028 Brewer Investing Firms Milwaukee
More Upcoming Deadlines
Don’t see your event? Reach out to us at events@crunchbase.com.

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