Posted by Alumni from TechCrunch
December 21, 2024
Clean capital: More than 20 VC firms, many of which invest in defense tech, signed the Clean Capital Certification, self-attesting that they have not and will not take money from U.S. geopolitical adversaries such as China and Russia. Have-nots: The AI hype is distorting aggregate VC data. Digging deeper, the fundraising landscape is radically different for non-AI startups, and many that raised a Series A round 18 months ago are likely facing challenges in raising Series B funding, Tribeca Venture Partners co-founder Brian Hirsch told TechCrunch. Big deal with caveats: Nuclear startup Oklo, which is backed by Sam Altman, signed a massive but nonbinding agreement with data center operator Switch. The deal is also subject to the startup receiving approval from the Nuclear Regulatory Commission after having its previous application denied in 2022. AI productivity: Grammarly is acquiring productivity startup Coda to expand its scope. In an unusual move, Coda CEO and co-founder Shishir... learn more