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Busy with startups this week: While there are no notes, there are other export and even unusual liquidity events, as well as a large number of funding rounds of all sizes and stages.
This week brings us M&S M&’s M&M acquisition as a serial buyer, an exit option that may be reassuring for founders who are still struggling with their clients’ retention and funding headwinds.
Shovel up: Mainstreet.com, a San Jose, California-based startup, became the latest Fintech, acquired by Workforce Management Company Company Company.com, which is now worth $700 million north.
Short cash: Despite reaching a key development milestone recently, General Fusion has given up at least 25% of its employees, explaining that the currency of the Canadian Fusion Power Company has run out.
By datadog: Datadog purchased EPPO, a feature tagging and experimental platform that will now run under the “Datadog’s Eppo” brand. This is shortly after getting AI-driven observability to start Metaplane.
Retention issues: 11 times co-founder Hasan Sukkar resigned from the CEO’s resignation and was replaced by CTO Prabhav Jain. AI startups were under scrutiny earlier this year to show the logo of companies with inactive customers, as claimed it was struggling with customer retention.
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Book nowBuild or invest: Carta has obtained SimpleClosure, a startup brand that sees it as a "closed Turbotax." Stock management startups previously stopped similar products, called Carta conclusions.
Small World: Two months after purchasing MoveWorks, ServiceNow acquired Data.World, which has raised over $130 million in venture capital for its cloud-only data catalog and data governance platform.
condition: A group of investors are considering injecting another $30 million into sick Indian ride-hailing startup Blusmart - as long as co-founder Anmol Singh Jaggi agrees to resign.
Liquidity: Sales automation startup Clay has taken a unique step to allow employees with at least one year term to sell their shares to existing Backer Sequoia. The business estimates the company to $1.5 billion.
This week’s turn confirmed that AI isn’t the only thing that can attract VCS: the promise of a longer, healthier life (both people and batteries) can do as well.
No restrictions: Newlimit is a Longevity startup founded by Coinbase CEO Brian Armstrong, a $130 million Series B series led by Kleiner Perkins to develop age-reversing therapies.
Qonto competitors: Finom, a Neobank serving small and medium-sized businesses in several European countries, raised about $105 million from general catalysts to boost its growth.
Improved by national defense: Orca AI's transportation autonomous navigation platform has already applied for defense, raising $72.5 million in Series A, with a total funding of more than $111 million.
scanning: OX Security, which scans for vulnerabilities in code, received a $60 million Series B led by DTCP, which will be used for growth and expansion.
cunning: Remaft, whose invisible image model beat Openai’s Dall-E and Midjourney last year, raised a $30 million Series B series B led by Accel.
Goodbye, business card: Australian startup Blinq raised $25 million in Series A to make the business card obsolete and replace digital alternatives with CRM Integrations.
The truth of wisdom: Wisdomai, an AI startup that hopes to help avoid hallucinations while providing business insights, raised $23 million in unusually large seeds.
More power: Respiratory Battery Technology (its software helps optimize and predict battery performance) raises a $21 million Series B led by Kinnevik Online AB.
Coding context: A company behind AI-powered assistants, answering context questions about code lines without any hindrance, raised $20 million in Series A from B Capital and radical Ventures.
Positive energy: Bosch Ventures will continue to invest in Deep Tech through its new $270 million fund, but focus on North American startups.
With Athens-based venture capital firm Marathon Venture Capital ending its latest fund with a capital commitment of about $84 million, TechCrunch caught up with Panos Papadopoulos to discuss how Greek startups can serve the global market and more.