AI network startup Eridu emerges from stealth with hefty $200M Series A
Unlike a vibe-coded product built by a college dropout, Eridu’s co-founder, Drew Perkins, has been inventing networking tech since the dawn of the internet.
Startups
Uzbekistan’s Uzum valuation leaps over 50% in seven months to $2.3B
Uzum now reaches 20 million users and processes $11B in payments as it expands its e-commerce and fintech ecosystem across Uzbekistan.
Yann LeCun’s AMI Labs raises $1.03 billion to build world models
AMI Labs, the new venture cofounded by Turing Prize winner Yann LeCun after he left Meta, has raised $1.03 billion at a $3.5 billion pre-money valuation.
Bluesky CEO Jay Graber steps down
Bluesky’s board will search for a replacement while Graber becomes Chief Innovation Officer.
Periwinkle is making self-hosted social media on Bluesky’s AT Protocol even easier
Periwinkle offers managed hosting for AT Protocol users who want social media accounts on their own domains, with backups, storage, and migration tools.
Anthropic’s Pentagon deal is a cautionary tale for startups chasing federal contracts
The Pentagon has officially designated Anthropic a supply-chain risk after the two failed to agree on how much control the military should have over its AI models, including its use in autonomous weapons and mass domestic surveillance. As Anthropic’s $200 million contract fell apart, the DoD turned to OpenAI instead, which accepted and then watched ChatGPT uninstalls surge 295%. As the stakes keep rising, the question remains: how much unrestricted […]
City Detect, which uses AI to help cities stay safe and clean, raises $13M Series A
City Detect, a company that helps local governments prevent urban decay, is in at least 17 cities so far, including Dallas and Miami.
DiligenceSquared uses AI, voice agents to make M&A research affordable
Instead of relying on expensive management consultants, the startup uses AI voice agents to conduct interviews with customers of the companies the PE firms are considering buying.
Cluely CEO Roy Lee admits to publicly lying about revenue numbers last year
The $7 million in annual recurring revenue that Cluely CEO Roy Lee shared last summer was a lie, its founder and CEO Roy Lee admitted on Thursday on X.