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Pinecone drops $100M investment on $750M valuation, as vector database demand grows

TechCrunch

Today, the company announced a $100 million Series B investment on a $750 million post valuation. These kinds of numbers have been hard to come by in a conservative investment environment, but the company is growing fast and investors saw an opportunity to grab a market leader, says Pinecone CEO and founder Edo Liberty.

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Sequoia Heritage, Stripe and others invest $200M in African fintech Wave at $1.7B valuation

TechCrunch

The investment is the largest-ever Series A round for the region, and it values Wave at $1.7 Four big-name backers jointly led the round — Sequoia Heritage, a private investment fund and a subsidiary of Sequoia; Founders Fund; payments upstart Stripe; and Ribbit Capital. ” Going up against incumbents. Wave , a U.S.

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AI chip startup Sima.ai bags another $30M ahead of growth

TechCrunch

As the demand for AI-powered apps grows, startups developing dedicated chips to accelerate AI workloads on-premises are reaping the benefits. “The appointment of Lip-Bu Tan as the newest member of Sima.ai’s board of directors is a strategic milestone for the company. . After emerging from stealth in 2019, Sima.ai

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Hungryroot co-founder’s new venture, Noops, a plant-based pudding startup, raises another $2M

TechCrunch

Just two months after securing $2 million in pre-seed funding , plant-based pudding startup Noops is announcing an additional $2 million round led by Lerer Hippeau. Joining Lerer Hippeau in the investment are Siddhi Capital, Idea Farm Ventures, Simple Food Ventures, Animal Capital and American Pie executive Alan Mitzner.

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End-to-end operators are the next generation of consumer business

TechCrunch

Roger Lee is a general partner at Battery Ventures, based in Menlo Park, CA, who focuses on investments in software and consumer tech, including online marketplaces. How to communicate with your board in tough times. He focuses on consumer internet, online marketplace and software investments. More posts by this contributor.

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CommerceIQ gets its horn as capital continues to flow into e-commerce infrastructure startups

TechCrunch

When much of the shopping shifted online during the global pandemic, startups developing software and other products to aid the transition began to garner attention from venture capital firms. The CEO is Guru Hariharan, who you might remember from retail analytics company Boomerang Commerce , a Startup Battlefield finalist in 2014.

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Tractable raises $60M at a $1B valuation to make damage appraisals using AI

TechCrunch

As the insurance industry adjusts to life in the 21st century (heh), an AI startup that has built computer vision tools to enable remote damage appraisals is announcing a significant round of growth funding. Insurtech is hot on both sides of the Atlantic. “It can be devastating, and then the process for recovery is pretty damn slow.