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CoreWeave, a GPU-focused cloud compute provider, lands $221M investment

TechCrunch

Magnetar contributed $111 million, with the remainder of the investment being split between Nvidia, Friedman and Gross. An Nvidia spokesperson said that the investment represents a “deepening” of its partnership with CoreWeave. For perspective, AWS made $80.1 billion and $26.28 billion, respectively.

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The Breakout Tech Company Of 2018

Haystack

As a little tradition on this blog, I’ve singled out companies starting in 2013 with Stripe ; there was Snap back in 2014; Slack in 2015; took a break in 2016, as I wasn’t inspired to select one then; and last year, 2017, was Coinbase. You may look at this and think to yourself “well, of course, how controversial is those?

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FintechOS nabs $60M for a low-code approach to modernizing legacy banking and insurance services

TechCrunch

“Challenger” startups in banking and insurance have upended their industries, and picked up significant business, by building more customer-friendly tools and services — more personalized, easier to access and usually competitively priced — than those typically provided by their bigger, incumbent rivals.

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Bond Pet Foods enters meat proteins phase with $17.5M Series A

TechCrunch

million Series A investment in June from a group of investors that includes Archer-Daniels-Midland Company’s venture arm ADM Ventures, Cavallo Ventures, Genoa Ventures, Lever VC, Thia Ventures, iSelect Fund, Stage 1 Fund, Lifely VC and Satori Capital. million to bring its total funding since 2017 to $20 million.

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Why Taking a Customer-Centric Approach Significantly Reduces Risks and Increases Your Chance of Success

StartupNation

The brand began as an online retailer that was later bought by Walmart in 2017 for $310 million. Instead of investing money in traditional marketing methods, they instead invested in their customer experience and success teams. B2B companies face a similar battle against multibillion-dollar incumbents and unicorn startups.

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EU-based digital assets platform Finoa inks $22M Series A funding led by Balderton Capital

TechCrunch

The company was founded in 2018 by Christopher May and Henrik Ebbing, but both had previously worked together at McKinsey and started working in blockchain in 2017. ” “Being in the European Union requires a fundamentally different organizational setup, and poses a very high entry to new incumbents and other players overseas.

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AI-powered media editing app Descript lands fresh cash from OpenAI

TechCrunch

Descript , the audio and video editing platform founded in 2017 by former Groupon CEO Andrew Mason, has raised $50 million in a Series C round led by the OpenAI Startup Fund, a tranche through which OpenAI and its partners, including Microsoft, are investing in early-stage companies.

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