Catalio Capital closes over $400M Fund IV
Catalio Capital Management announced the closing of its more than $400 million Fund IV. The fund will continue the firm’s thesis of backing healthcare and biotechnology companies.
In Brief
Automattic puts Tumblr migration to WordPress on hold
Automattic CEO Matt Mullenweg confirmed that the company is no longer working on migrating its Tumblr blogging platform to WordPress, as previously announced.
Trump’s prospective TikTok buyer reportedly includes Oracle, Blackstone, a16z
After pushing the TikTok sale date back yet again, President Donald Trump said in an interview on Sunday that he had found a potential buyer for the ByteDance-owned platform.
xAI raises $10B in debt and equity
Elon Musk’s AI company, xAI, has raised $5 billion in debt and $5 billion in equity, Morgan Stanley said on Monday.
Meta restructures its AI unit under ‘Superintelligence Labs’
Meta CEO Mark Zuckerberg is restructuring the company’s AI efforts to center around building AI “superintelligence.” Going forward, all teams working on AI at Meta will fall under a new group called Meta Superintelligence Labs, according to Bloomberg, which viewed an internal memo sent Monday. Alexandr Wang, the former CEO of data labeling startup Scale […]
Jesse Draper’s Halogen Ventures closes $30M Fund III to focus on ‘future of family’
The firm was founded in 2015 by Jesse Draper. The fund will focus on the physical and financial health of households.