Y Combinator alum Skio sells for $105M cash, only raised $8M, founder says
Subscription billing fintech Skio sold to its competitor Recharge in what was a healthy exit, according to its founder and former CEO.
Startups
Legal AI startup Legora hits $5.6 valuation and its battle with Harvey just got hotter
The two wildly fast-growing rivals have raised massive sums, pushed into each other’s home turf and now have dueling ad campaigns.
EV startup Faraday Future paid $7.5M to company tied to founder Jia Yueting
The perpetually struggling EV company made the payments while being investigated by the SEC. That four-year probe was ultimately closed in March.
FDA approval, fundraising, and the reality of building in healthcare according to BioticsAI founder
BioticsAI CEO Robhy Bustami joined Isabelle Johannessen on Build Mode to discuss how the company has navigated a highly regulated space and kept the team motivated while cutting through all the red tape.
SpaceX backer 137 Ventures raises $700M for two growth-stage funds
VC firm 137 Ventures has raised over $700 million to back growth-stage startups. Its portfolio includes SpaceX, Anduril, Hadrian.
Parallel Web Systems hits $2B valuation five months after its last big raise
The AI agent-tool startup founded by former Twitter CEO Parag Agrawal has raised $100 million, led by Sequoia, months after raising a previous $100 million.
Bill Gurley, Jack Altman back startup Pursuit, which helps companies sell to government
On Wednesday, Pursuit announced a $22 million seed round led by Mike Rosengarten, the co-founder of OpenGov with out big-name VCs participating.
Firestorm Labs raises $82M to take drone factories into the field
A defense startup just raised $82 million to put drone factories inside shipping containers and bring manufacturing to the front lines.
BMW i Ventures has a new $300M fund and AI is riding shotgun
BMW i Ventures is interested in startups working on agentic AI and physical AI, as well as industrial software, advanced materials, and manufacturing and supply chain technologies.
Founder of Shark Tank-backed startup Scholly sues his acquirer Sallie Mae
Chris Gray is suing his startup’s acquirer, Sallie Mae, for wrongful termination and alleging it’s selling student data through a subsidiary. Sallie Mae denies the allegations and vows to fight.