Tuesday, 1 October 2024

Big deals stay hot in September

Plus, 4 key insights for founders from a VC

October 1, 2024

Hi, Agen. Summer is fading into fall in the Northern Hemisphere, but hot funding rounds persisted through September, when a billion-dollar raise for a brand-new AI startup by OpenAI’s former chief scientist topped the list. Plus, SoftBank’s Vision Fund is reportedly ready to write a $500 million check to OpenAI, and four key insights for startup founders from an entrepreneur turned VC.

🔥 Big funding rounds stay hot in September

Big funding rounds abound as summer fades into fall. AI startup Safe Superintelligence’s $1 billion round — for a startup that’s existed for only a few months — easily led the way. However, it wasn’t just AI that got funding in September, as biotech makes up half the list.

See also: The Crunchbase Megadeals Board

🤖 SoftBank reportedly investing $500M in OpenAI

Speaking of AI and big deals, OpenAI’s expected $6.5 billion round may have just landed another well-known investor as SoftBank’s Vision Fund will reportedly invest $500 million in the round.

🏭 Carbon capture startups still net big bucks

So far this year, companies with business models tied to carbon capture, storage and transformation have closed on nearly $1.2 billion in equity and debt financing, per Crunchbase data — putting 2024 on track for the second-highest annual tally in five years.

Related Crunchbase Pro list: Carbon Capture, Storage And Transformation Companies Funded In 2024

💡4 key insights for startup founders from an entrepreneur turned VC

Rob Biederman is startup entrepreneur turned venture investor. He reflects on his own founder experience and lessons learned from backing startups at his firm, Asymmetric Capital Partners, to offer four key insights he wishes he’d known starting out.

✂️ IBM, Notable Labs slash jobs as Udemy restructures

The past couple of weeks have been hard on U.S. tech workers with an even dozen companies — including some Big Tech players — reporting workforce cuts.

See also: The Crunchbase Tech Layoffs Tracker

🆕 Crunchbase announces My Dashboard for easy company monitoring

My Dashboard is your new, centralized hub for tracking and monitoring within Crunchbase. Now, you can access your lists and saved searches all in one centralized place. Stay up to date on the companies and people you care about, monitor new additions in your saved searches, and get alerted about the latest updates so you can prioritize your next move! Check it out.

🔮 NEW: Predictions and Insights now in the Crunchbase API!

Predictions and Insights offer predictive company intelligence about private companies and company health by combining our proprietary private company data with the power of AI. Now, you can incorporate company Growth Insights, Funding Predictions, Investor Insights and more into your own products and tools using the Crunchbase API. Click here to learn more.

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