When venture and AI team up

Plus, more defense tech funding

August 29, 2024 Hi, Agen. Menlo Ventures’ partnership with one of the biggest AI names in its portfolio is a no-brainer considering where the sector is heading. We look at what’s happening and what’s next for the new Anthology Fund. Plus, the defense tech sector’s revived popularity grabs another $80 million funding round. 💰 New Anthology Fund looks to marry the 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 👍 Parry Labs latest defense tech to raise big Defense tech startup Parry Labs locked up an $80 million round led by Capitol Meridian Partners — the latest in a string of big raises by defense tech firms. Related Crunchbase Pro list: Global Defense Tech Funding ⏰ Startups have a limited post-IPO window to turn profitable A plurality of the most valuable technology companies went public before turning a profit. But while investors might wait a few years for profitability, they won’t do so indefinitely. 🔼 Corporate funding rounds tick up In the past couple years, a larger share of U.S. startup investment has come from corporate funding rounds, with 2024 currently in second place for the highest share of funding from such deals. Related Crunchbase Pro list: US Corporate Rounds Recent Investments Ensysce Biosciences $14M / Grant Ensysce Biosciences is a clinical-stage biotech company that develops tamper-proof prescription drugs to minimize abuse and overdose risks. Categories: Biotechnology • Health Care • Medical • Pharmaceutical Founders: Bob Gower Investors: National Institute on Drug Abuse (NIDA) (Lead), National Institutes of Health (Lead) Planera $14M / Series A Planera offers collaborative CPM scheduling software that simplifies project management. Categories: Construction • Scheduling • Software Founders: Erik Swenson, Nitin Bhandari Investors: Sierra Ventures (Lead), Brick & Mortar Ventures, Firebolt Ventures + 2 more pgEdge $10M / Series A PgEdge offers distributed PostgreSQL to optimize network edge and reduce data latency for mission-critical applications. Categories: Cloud Data Services • Cloud Infrastructure • Information Technology • Network Hardware • Software Founders: Denis Lussier, Phillip Merrick Investors: Rally Ventures (Lead), Grotech Ventures, Sands Capital Ventures More Fundings Company Amount / Round Lead Investor Rep AI $8.2M / Venture Round Osage Venture Partners Jobilla 6.0M EUR / Venture Round Business Finland Moveo.AI 2.3M EUR / Seed Round Eleven Ventures All Recent Funding Activity Recent Acquisitions euNetworks Group Pending acquisition by Stonepeak for 2.1B EUR More Acquisitions Company Acquired By Amount CrossFirst Bank Busey $917M All Recent Acquisition Activity Discover innovative companies and the people behind them. 564 Market St, San Francisco, CA 94104 © 2024 Crunchbase Inc. All rights reserved. Privacy Policy | Terms of Service Unsubscribe from Crunchbase Daily.