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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 Times•6 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 · TechCrunch•5 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 · TechCrunch•7 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 · TechCrunch•4 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 · TechCrunch•5 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 · Forbes•6 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 · Bloomberg•5 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 Asia•5 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 Information•6 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 Information•5 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 · TechCrunch•6 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 · TechCrunch•4 Min Read