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Startups

Funding rounds, founder moves, and the companies redrawing the tech map.

Cursor crosses $500M ARR sixteen months after Series A

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Cursor crosses $500M ARR sixteen months after Series A

Anysphere's AI code editor is on track to be the fastest software company to a billion in annualized revenue, leapfrogging Wiz and OpenAI on the curve.

By Erin Griffith · The New York Times6 Min Read
Harvey raises $600M Series E at $7B to expand into Big Four audit

Harvey raises $600M Series E at $7B to expand into Big Four audit

The legal AI startup is moving beyond white-shoe law firms, signing pilots with Deloitte and PwC for audit-workpaper drafting.

Mary Ann Azevedo · TechCrunch5 Min Read
Figure AI delivers first humanoid robots to BMW Spartanburg line

Figure AI delivers first humanoid robots to BMW Spartanburg line

Twenty Figure 03 units are now performing sheet-metal insertion tasks alongside human operators on the X3 SUV assembly line, the first commercial deployment of its kind.

Brian Heater · TechCrunch7 Min Read
YC's summer batch is 71% AI agents, sparking saturation worry

YC's summer batch is 71% AI agents, sparking saturation worry

Garry Tan defended the concentration on stage at Demo Day, but several limited partners told us privately they are pulling back from agent-first seed funds.

Marina Temkin · TechCrunch4 Min Read
Vercel acquires v0 rival Bolt.new in all-stock deal

Vercel acquires v0 rival Bolt.new in all-stock deal

StackBlitz shareholders get roughly 4% of Vercel as the Next.js company consolidates the browser-based AI app-builder market.

Ron Miller · TechCrunch5 Min Read
Klarna files revised S-1 ahead of long-delayed NYSE debut

Klarna files revised S-1 ahead of long-delayed NYSE debut

The Swedish BNPL giant disclosed a 27% YoY revenue jump and credits its in-house AI agent for cutting customer-service headcount by 40%.

Alex Konrad · Forbes6 Min Read
Glean valued at $9B as enterprise search startup hits $200M ARR

Glean valued at $9B as enterprise search startup hits $200M ARR

The Sequoia-backed company more than doubled revenue in twelve months as Fortune 500 buyers consolidate around a single internal-knowledge agent vendor.

Aisha Counts · Bloomberg5 Min Read
Sakana AI raises $200M Series B to scale its 'evolutionary' model factory

Sakana AI raises $200M Series B to scale its 'evolutionary' model factory

The Tokyo-based lab, founded by ex-Google Brain researchers, uses model merging to produce specialised Japanese-language LLMs in days, not months.

Tim Hornyak · Nikkei Asia5 Min Read
Groq closes $1.5B at a $7B valuation to expand LPU inference fleet

Groq closes $1.5B at a $7B valuation to expand LPU inference fleet

Saudi Arabia's PIF leads the round, with proceeds earmarked for a new 1.5M-LPU campus in Dammam serving the Middle East at sub-50ms latency.

Stephanie Palazzolo · The Information6 Min Read
Decagon's customer-support agent unseats Zendesk at Klarna and Notion

Decagon's customer-support agent unseats Zendesk at Klarna and Notion

The two-year-old startup just crossed $80M ARR by selling a single product — an agent that resolves 65% of tier-1 tickets without human handoff.

Kate Clark · The Information5 Min Read
Skild AI raises $500M to build a single foundation model for any robot

Skild AI raises $500M to build a single foundation model for any robot

The Pittsburgh startup, spun out of CMU, claims its 'general intelligence' policy controls humanoids, quadrupeds, and industrial arms with no fine-tuning.

Brian Heater · TechCrunch6 Min Read
Wiz acquires Israeli runtime-security startup Gem for $400M

Wiz acquires Israeli runtime-security startup Gem for $400M

The deal, Wiz's largest since the failed Google talks, plugs a gap in its cloud-native application protection platform against incident-response rival Snyk.

Mary Ann Azevedo · TechCrunch4 Min Read