Facts
- HQ
- None
- Sectors
- Artificial Intelligence, AI Research
- Founded
- 2015
- Stage
- private
WestRiver Senior Associate Sean Maier: Cheap Capital and Platform Shifts Spawned 54,000 U.S. Venture-Backed Startups and 532 Unicorns by 2023, Many Overvalued
Sean Maier of WestRiver Group argues that successive technology platform waves plus cheap capital drove a surge in venture-backed U.S. startups and inflated valuations, creating many unicorns with weak fundamentals. He warns that the subsequent capital tightening exposes those weaknesses but expects innovation to continue, favoring startups that focus on product-market fit, unit economics, and durable value.
Merck & Co. Adopts Variational AI’s Enki Platform to Generate Novel Small Molecules for Drug Discovery
Merck & Co. is an early user of Variational AI’s Enki platform, assessing its ability to generate novel small molecules that meet target product profiles for drug discovery. The generative AI tool creates lead-like structures quickly based on user-defined attributes, aiming to accelerate lead optimization.
Sports Loft gathers 2024 predictions from top sports investors—including Techstars, Ryan Sports Ventures, Edge VC and Sapphire Sport—on industry shifts and investment focus
Sports Loft surveyed leading sports and media investors and VCs for their 2024 expectations, collecting lessons from 2023 and predictions about where the industry will focus. Contributors emphasized disciplined investing, sustainable fundamentals, and shifting revenue strategies as key themes for the year ahead.
Updater Wins 2022 PropTech Innovation of the Year Amidst 1,500+ Global Nominations
Updater was named the 2022 PropTech Innovation of the Year at the PropTech Breakthrough Awards, recognized for its innovative solutions in property management. The company stood out among over 1,500 global nominations for its advancements in streamlining move-in and resident onboarding processes.
Updater Raises $215 Million from Vista Credit Partners to Expand Moving Technology Platform
Updater secured a $215 million investment from Vista Credit Partners in May 2022 to expand its moving technology platform, enhance products, and grow its team. The funding follows significant recent growth including new product launches, a 50% revenue increase, and over 100 new hires.
Helion Raises $500M — Potential $1.7B More — to Build Polaris Fusion Generator, Aiming for 2024 Demonstration in Everett, Wash.
Helion Energy raised $500 million (with up to $1.7 billion more contingent on milestones) to build its Polaris fusion generator and finish a demonstration facility in Everett, Wash., aiming to operate in 2024 and move toward commercializing fusion power.
Khosla Ventures leads $11M Series A for Seattle AI contract startup Lexion as revenue quadruples
Seattle startup Lexion, which uses AI to parse contracts and create searchable repositories, has quadrupled revenue and added 50 customers in four months. The 30-person company raised an $11 million Series A led by Khosla Ventures to expand from reporting into workflow features and accelerate growth.
People
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Vijaye Raji Executive, CTO of Applications
