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AI & Enterprise
Google CEO says AI shift expands startup investment opportunities
Google CEO Sundar Pichai said the shift to artificial intelligence has increased opportunities to invest in startups, CNBC reported. Speaking in a conversation with Stripe co-founder John Collison, he said AI has created more chances to deploy capital effectively and that Google is doing so. Alphabet invests through GV and CapitalG and has expanded large direct investments. He cited SpaceX, Anthropic, Stripe and Waymo as examples.
AI & Enterprise
Armadin founded by Kevin Mandia raises $189.9 million to build autonomous security agents
Kevin Mandia, who sold Mandiant to Google for $5.4 billion, has founded a new AI-based cybersecurity startup, Armadin, and raised funding. TechCrunch reported that the company secured $189.9 million in seed and Series A financing led by Accel, with participation from GV, Kleiner Perkins, Menlo Ventures, 8VC, Ballistic Ventures and In-Q-Tel. Armadin aims to build autonomous security agents that counter AI-driven attacks.
AI & Enterprise
Synthesia valuation tops $4 billion, allows employee share sales
British AI startup Synthesia has surpassed a $4 billion valuation and will allow employees to sell shares, TechCrunch reported on Jan. 26. The company has completed a $200 million Series E funding round with participation from GV, Kleiner Perkins, Accel, NEA and Nvidia NVentures. Synthesia provides corporate training solutions using AI avatars and counts Bosch, Merck and SAP as customers. Its annual recurring revenue has exceeded $100 million.