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Rubrik’s $5.6 Billion IPO Is Latest Win For The ‘IIT Mafia,’ A Group Of Indian Engineers Turned CEOs
A group of Indian immigrant friends have started some of Silicon Valley’s top enterprise startups, including Nutanix, Glean and Rubrik, which went public on Thursday.
OpenAI Made Sam Altman Famous. His Investments Made Him A Billionaire.
CEO Sam Altman famously has no equity in OpenAI, but startup bets like Reddit, Stripe and Helion have made him a billionaire anyway, a Forbes investigation found.
Y Combinator Is Raising Billions In New Funding
Storied startup accelerator Y Combinator is targeting at least $2 billion, sources told Forbes, in its first major fundraising effort under Garry Tan.
https://www.forbes.com/sites/alexkonrad/2024/03/22/y-combinator-is-raising-billions-in-new-funding/
AI Unicorn Inflection Abandons Its ChatGPT Challenger As CEO Mustafa Suleyman Joins Microsoft
After raising $1.3 billion last year, Inflection is pivoting to focus on business-to-business APIs, as Suleyman jumps to lead consumer AI at Microsoft.
Westbound Raises $100 Million To Invest In Black, Latin And Diversity-Minded Founders
Sean Mendy’s venture firm, previously called Concrete Rose, quadrupled its fund size to $100 million due to a portfolio including fintech Esusu and AI startup Sierra.
Inside Y Combinator’s ‘Boom Loop’: The Startup Factory Goes Brasher, Leaner And Meaner
Former venture capitalist Garry Tan has slashed programs and turned up the mics in a bid to restore the famed accelerator behind Airbnb and Stripe to its full glory.
AI Unicorn Anthropic Releases Claude 3, A Model It Claims Can Beat OpenAI’s Best
Cofounders Dario and Daniela Amodei told Forbes Anthropic’s new enterprise-focused model, released Monday, outperforms rivals GPT-4 and Google’s Gemini 1.0 Ultra.
https://www.forbes.com/sites/alexkonrad/2024/03/04/anthropic-releases-claude-3-claims-beat-openai/
Open Source AI Software Maker LangChain Launches First Paid Product — With A Massive Waitlist
CEO Harrison Chase confirmed a $20 million funding round led by Sequoia and said his one-year-old startup already had a waitlist of 80,000 for its new tools.
Why OpenAI’s Sam Altman And Investor Lachy Groom Are Doubling Down On This Internet Startup
Internet startup Meter, led by brothers Anil and Sunil Varanasi, has raised $35 million at a valuation of more than $350 million to bring networking into the AI age.
https://www.forbes.com/sites/alexkonrad/2024/02/13/meter-raises-35-million-sam-altman-lachy-groom/
Pivotal Founder Rob Mee’s New Startup Is Using AI To Drag Ancient Mainframes Into The Cloud
Mechanical Orchard has raised $24 million from Emergence Capital at a $95 million valuation after reaching $10 million in revenue and profitability in just over a year.
https://www.forbes.com/sites/alexkonrad/2024/02/07/pivotal-founder-new-startup-ai-mainframes-cloud/
Midas List 2024: Definitive Ranking Of Top VCs Is Open For Submissions
The Midas List, Forbes’ data-driven ranking of the top 100 private tech investors in the world, is back for a 22nd year. Submissions are open through February 14.
The Collison Brothers Built Stripe Into A $95 Billion Unicorn With Eye-Popping Financials. Inside Their Plan To Stay On Top
Billionaire brothers John and Patrick Collison built Stripe into one of the world’s most-hyped, highest valued — and profitable! — startups, worth some $95 billion. Now they must stave off ...