Tech Funding news and trends

Apple Reportedly Exits OpenAI’s $6.5 Billion Funding Round
artificial intelligence // September 29, 2024

Apple has reportedly stepped back from talks to invest in a massive OpenAI funding round. That round is expected to raise up to $6.5 billion, but Apple recently backed away from discussions to take part, The Wall Street Journal (WSJ) reported Friday (Sept. 27), citing...

Insight Partners Prepares to Close $10 Billion Venture Capital Fund
Investments // September 15, 2024

Venture capital (VC) firm Insight Partners is reportedly preparing to close a $10 billion-plus fund. As the Financial Times (FT) reported Sunday (Sept. 15), the fund is around half the amount the company had initially planned, but a sign that tech investors are returning to...

HIPstr Raises $100 Million to Combat Early-Stage Funding Drought
Investments // August 18, 2024

Early-stage investment operation HIPstr has closed its $100 million debut fund. The company, launched by private equity executives David Moross and Mark Bezos — half-brother of Amazon founder Jeff — is an arm of HighPost Capital.  “We launched HIPstr to capitalize on an attractive market...

EU Tech Investment Blossoms After Two-Year Drought
Investments // June 03, 2024

Tech investments in Europe are reportedly in bloom after a long fallow period. This turnaround is the subject of a report Monday (June 3) by the Financial Times (FT), which noted that deal making has picked-up at early stage companies, with venture capital (VC) groups...

Quick Reads
OpenAI Market Cap Rivals Uber, AT&T After $6.6 Billion Fundraise

October 02, 2024
OpenAI has reportedly raised $6.6 billion in new funding, nearly doubling its valuation. The artificial intelligence (AI) startup is now valued at $157 billion, The Wall Street Journal (WSJ) reported Wednesday (Oct. 7), noting that this figure puts the company in the same market capitalization territory of the likes of Uber, AT&T and Goldman Sachs. […]

Apple Reportedly Exits OpenAI’s $6.5 Billion Funding Round

September 29, 2024
Apple has reportedly stepped back from talks to invest in a massive OpenAI funding round. That round is expected to raise up to $6.5 billion, but Apple recently backed away...

Insight Partners Prepares to Close $10 Billion Venture Capital Fund

September 15, 2024
Venture capital (VC) firm Insight Partners is reportedly preparing to close a $10 billion-plus fund. As the Financial Times (FT) reported Sunday (Sept. 15), the fund is around half the...

HIPstr Raises $100 Million to Combat Early-Stage Funding Drought

August 18, 2024
Early-stage investment operation HIPstr has closed its $100 million debut fund. The company, launched by private equity executives David Moross and Mark Bezos — half-brother of Amazon founder Jeff —...