$60B AI chip darling Cerebras almost died early on, burning $8M a month
Cerebras Systems was 2026's biggest tech IPO so far. But years ago, it burned through hundreds of millions working on a chip many believed impossible.
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Cerebras Systems was 2026's biggest tech IPO so far. But years ago, it burned through hundreds of millions working on a chip many believed impossible.
The Musk v. Altman trial came to a close this week, and the final arguments kept circling back to one question: can we trust the people in charge of AI? All of this is playing out as SpaceX charges toward what could be one of the largest IPOs in American history, with a whole generation of founders ...
Meridian Ventures, the venture firm founded by Devon Gethers and Karlton Haney, announced on Friday the raise of a $35 million second fund to back pre-seed and seed-stage companies founded by those who have deferred MBAs.
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After achieving $2.2 billion in revenue in 2025, the defense tech startup has raised another massive round, led by Thrive and a16z, it says.
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The firm takes a generalist approach, backing companies across categories such as AI applications, fintech, healthcare, and security. The average check size for this fund will be between $3 million and $5 million, with the aim to back at least 30 startups.
Wispr Flow says growth accelerated in India after its Hinglish rollout, even as voice AI products continue to face challenges.
Parker, a well-funded startup offering corporate credit cards and banking services, has filed for bankruptcy and is widely reported to have shut down.
Everyone wants a piece of the enterprise AI pie, and this week, we saw a string of companies making their moves. From Anthropic and OpenAI announcing new joint ventures targeting enterprise AI deployment to SAP dropping $1B on German AI startup Prior Labs, it’s becoming clear that if you’re a startu...
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The company is reportedly in talks to raise another $750 million at a pre-money valuation of more than $40 billion. It last raised in November at $32 billion.
The company made a series of other announcements during earnings, including a new commercial contract, a pilot program in Canada, and a collaboration.
AI startup Pit is led by the cofounders of European scooter giant Voi and backed by a16z, which is leading the startup’s $16 million seed round.