Replit has raised a $250 million round, valuing the company at $3 billion. Unlike other fast-growing vibe coders, Replit has not been running to VCs every few months, though we'll see if that changes. Its last raise was in 2023 when it raised about $100 million that valued the company at $1.16 billion post-money. Replit has now raised a total of about $478 million, PitchBook estimates.
The Series D round comes three years after the company's $75 million Series C round led by Norwest Venture Partners. The valuation of the company at $320 million has remained flat over this period. According to sources familiar with the deal who spoke with TechCrunch, investors used nearly a 4x multiple of Citymall's past year of revenue as a benchmark. The company has raised $165 million to date.
XOPS has introduced its Active System of Intelligence platform, which automates complex IT workflows using a living knowledge graph and robotic process management, enhancing efficiency.
The outdated business credit scoring models are shutting out promising UK startups from crucial funding, urging a cultural and systemic rethink to match modern entrepreneurship.
Current staff at the Alan Turing Institute have raised concerns regarding governance and internal culture, highlighting eight key issues that pose a risk of potential collapse due to funding threats.
Leitersdorf aims for Decart to transform user interaction with technology through fun AI experiences, building a billion-user app to rival tech giants.
"FEMA grants remain governed by existing law and policy and not political litmus tests. DHS will enforce all anti-discrimination laws and policies, including as it relates to the BDS movement, which is expressly grounded in antisemitism."
Democrats are stashing millions of dollars, quietly hiring presidential-level campaign staff, fine-tuning potential stump speeches, sitting for glossy profiles, trying to grow their social media followings, and visiting early primary states.
Substack raised $100 million in Series C funding, valuing the company at over $1.1 billion. The funds will be used to invest in better tools for creators, expand support for its ecosystem of writers, and 'double down' on its app.
CEO Dario Amodei acknowledged in a Slack message that taking funding from Middle East leaders would line the pockets of 'dictators.' 'This is a real downside and I'm not thrilled about it,' Amodei wrote.
On July 16, Via Transportation announced it has confidentially submitted a draft registration statement on Form S-1 to the U.S. Securities and Exchange Commission (SEC), initiating the process for a proposed IPO.