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Together raises $20M to build open source generative AI models

TechCrunch

There’s scores of competition, including incumbents like OpenAI and Anthropic. Prakash previously founded social media search platform Topsy, which was acquired in 2013 by Apple, where he later became a senior director. ” He has a point — insofar as incumbents are feeling the pressure, at least.

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Argentinian fintech infrastructure startup Geopagos leaves the boot straps behind with $35M funding round

TechCrunch

Founded in 2013, the Argentinian startup serves as a white label infrastructure software provider, with the aim of giving businesses the ability to launch financial services. Will once-bootstrapped startups turn to venture during a watershed moment? The financing marks the company’s first ever institutional funding.

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Harry’s files paperwork for fresh $139.9M financing

TechCrunch

The new funding gives the company just over $791 million in total known funding since the company was founded in 2013, according to Crunchbase data. Regardless of if it goes down the public market path or not, Harry’s goal since birth was to target incumbents in the global shave market, which is forecasted to reach $22.5

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Taking on the business scenario-planning giants, Pigment raises a $25.9M Series A led by Blossom Capital

TechCrunch

Also participating was New York-based FirstMark Capital and Frst , as well as angel investors including Paul Melchiorre, former CEO of business planning giant Anaplan, and David Clarke, the ex-CTO of Workday, another business planning incumbent.

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So much fintech M&A

TechCrunch

Jason Furtado and Stephan Richter founded Boston-based Shoobx in 2013, according to Crunchbase. ” And this line was the classic motivation for all incumbents buying fintechs: “Why not just bring it in to our platform and get it to customers as quickly as possible?”. billion, had cut 10% of its staff.

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Quickly Unpacking Amazon’s Acquisition Of PillPack

Haystack

One analyst estimated $15b+ of incumbent market value was wiped out. 5/ (Pill) Bottle Returns – This is the part where we talk about the venture-scale return. 4/ Not A Great Of Contact High – As soon as the news of PillPack hit, various public pharmacy and drug store companies got pummeled in the markets.

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Ed Zimmerman: The Growing Scarcity of Series B Venture Rounds

WSJ - The Accelerators

ED ZIMMERMAN : The funnel for venture funding isn’t cylindrical — it’s shape follows a more Darwinian conical path, as many seed stage companies march into the cone’s wide entrance and far fewer make it to the cone’s narrow end.