Marina Temkin
Norwest Venture Partners, a 65-year-old firm backed solely by Wells Fargo, has raised its 17th fund at $3 billion.
That’s a noteworthy number, given that NVP last raised the same amount in December 2021. That was the peak of the venture boom, and at that time, the firm said it...
Advances in generative AI have taken the tech world by storm. Biotech investors are making a big bet that similar computational methods could revolutionize drug discovery.
On Tuesday, ARCH Venture Partners and Foresite Labs, an affiliate of Foresite Capital, announced that they incubated Xaira Therapeutics and funded the AI biotech...
Raising young kids who have been diagnosed with, or are suspected of having, ADHD can be challenging. Some children with this condition may have difficulties completing school work or grow easily frustrated and throw tantrums.
Parents who try to turn to professionals for help are often shocked to learn that...
The round could total $870M, including $670M worth of secondary
Late stage HRtech startup Rippling is raising new capital. The company’s new round, that has not yet closed, would inject $200 million into Rippling with another $670 million worth of shares being sold by existing stockholders, according to two people...
When Alex Katz founded Two Chairs in 2017, he firmly believed that in-person therapy is the most effective for behavioral health.
Two Chairs used technology — a proprietary matching algorithm — to find the best possible therapists for its clients, but treatments took place primarily inside one of the startup’s...
Noname Security, a cybersecurity startup that protects APIs, is in advanced talks with Akamai Technologies to sell itself for $500 million, according to a person familiar with the deal.
Noname was co-founded in 2020 by Oz Galan and Shay Levi and is headquartered in Palo Alto but has Israeli roots....
Hinge Health, a 9-year-old company that offers a digital solution to treat chronic musculoskeletal (MSK) conditions, has cut approximately 10% of its workforce on Thursday, TechCrunch has exclusively learned.
The company said people who were laid off worked across various functions; according to employees posting on LinkedIn, some were engineers....
Many startups are hoping that the gradual opening of an IPO window and the prospect of interest rate cuts later this year will finally encourage VCs to be less stingy with their capital.
But it’s unlikely that startups’ fundraising slog will become much easier soon, mostly because of venture capitalists’...
OpenAI CEO Sam Altman has transferred formal control of the eponymously firm’s named corporate venture fund to Ian Hathaway, OpenAI confirmed to TechCrunch.
The OpenAI Startup Fund, launched in 2021, was initially set up with Altman as its named controller. The arrangement could have presented a major issue to the...
Alex Chatzieleftheriou founded Blueground in 2013 after being frustrated with the dearth of short-term furnished apartments in Europe. He had been traveling as a consultant for McKinsey, living almost exclusively in hotel rooms for months.
“One time the company had to pay up to €15,000 for a hotel room in...