Search results for Sequoia Capital
Crypto
Kalshi seeks funding at $40 billion valuation
U.S. prediction market platform Kalshi is seeking to raise new funds at a valuation of $40 billion. The investment could be completed as soon as the third quarter of this year. If the deal goes through, Kalshi’s valuation would rise to nearly double from $22 billion in May, when it raised $1 billion in a Series F round led by Coatue Management with participation from Andreessen Horowitz, Sequoia Capital, Morgan Stanley and Ark Invest.
AI & Enterprise
Micron backs Anthropic with partnership and strategic investment
Micron Technology has signed a comprehensive partnership with Anthropic covering high-performance memory supply and strategic investment to strengthen cooperation on AI infrastructure. The companies will work on AI architecture design, memory and storage supply-chain visibility and use of Anthropic’s generative AI model Claude. Micron joined Anthropic’s Series H funding round as a strategic investor. Anthropic raised $65 billion in May, lifting its valuation to $965 billion, and Claude has about 30 million monthly active users.
General News
SpaceX shares fall for second day as investors eye lock-up expiry, options surge
SpaceX shares fell for a second straight session as investors weighed its thin free float against looming lock-up expiries and heavy options activity. The stock dropped 3.57 percent on June 18 after nearly a 5 percent fall a day earlier, though it remains about 37 percent above its IPO price of $135. Markets are watching potential conversion of 20 percent to 30 percent of locked shares after second-quarter results and speculative trading in short-dated options.
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AI & Enterprise
Anthropic, OpenAI rapidly expand beyond models, unsettling AI app ecosystem
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AI & Enterprise
Anthropic, OpenAI shift from model race to AI coding lock-in strategy
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Industry
Teen-founded U.S. defense startup Mach Industries valuation quadruples in a year
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Crypto
CZ warns most AI companies will fail as Anthropic and OpenAI valuations soar
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AI & Enterprise
Anthropic raises $65 billion in Series H round, valuation rises to $965 billion
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AI & Enterprise
Anthropic-led joint venture buys Fractional AI to step up custom enterprise AI services
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AI & Enterprise
AI startup ecosystem deepens shift toward Anthropic and OpenAI
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AI & Enterprise
AI search startups keep coming despite Google and ChatGPT
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AI & Enterprise
AI-era SI business emerges as major tech firms launch FDE push
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AI & Enterprise
Anthropic acquires Stainless, developer tools startup used by OpenAI and Google
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AI & Enterprise
ChatGPT moves beyond search to a personal OS as Gen Z uses it, Altman says
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AI & Enterprise
OpenAI, Anthropic set up AI joint ventures with private equity firms to battle for enterprise market
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Finance
Fintech firm Mercury clears U.S. OCC hurdle, speeds push to launch own bank
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AI & Enterprise
AI computing power shortage deepens, squeezing AI startups
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Crypto
Crypto unicorns see market value plunge after listing, some down as much as 99%