| Hi, Agen. It’s been hard to browse tech headlines this week and not read something about billions of dollars being poured into data centers. Now it seems startups in the data center ecosystem are starting to cash in on the frenzy. Plus, we look at what happened in the third quarter with funding to startups in the Web3 sector, for a while the hottest thing in tech. The likes of Amazon and Microsoft are backing hundreds of billions of dollars worth of data center projects. Now startups in the industry are starting to see some of that love. Related Crunchbase Pro list: Funding To Data Center Startups As if to prove our point, yesterday Lightmatter, a startup that uses light to link chips together and to do calculations for the deep learning necessary for AI, announced it has locked up a $400 million Series D led by new investor T. Rowe Price at a $4.4 billion valuation. It was an up-and-down funding report for Web3 last quarter, although investors in the rocky sector the past few years will probably take that. Web3 startups raised $2 billion in just over 300 deals in Q3, per Crunchbase data. That’s up significantly from a year earlier, but down compared to 2024’s second quarter. Related Crunchbase Pro list: Funding To VC-Backed Web3 Startups Nine companies joined The Crunchbase Unicorn Board in September, taking the board to just shy of 1,550 companies and $5.2 trillion in value, Crunchbase data shows. Related Crunchbase Pro list: New Unicorns In 2024 See also: The Crunchbase Unicorn Board Despite a strong pull from the AI sector, venture investment in the third quarter of 2024 wasn’t able to overcome its now more than two-year-long slump. That’s the broad takeaway from our third-quarter venture funding numbers. Related Crunchbase Pro list: Global Funding In 2024 | 
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