Articles from fortune.com

Articles from fortune.com

Dyna Robotics, which is building AI-powered robots to help businesses automate repetitive tasks like chopping food, emerged from stealth with a $23.5M seed (fortune.com)
19 hours ago AI Robot

NYC-based Rain, which issues credit cards that let customers settle payments in stablecoins, raised $24.5M led by Norwest, taking its total funding to $30.5M (fortune.com)
1 day ago Credit Card

A jury finds Frank founder Charlie Javice guilty of defrauding JPMorgan Chase by falsifying Frank user numbers; the charges carry a maximum sentence of 30 years (fortune.com)
2 days ago JPMorgan

Anthropic says it created a new tool for deciphering how LLMs “think” and used it to resolve some key questions about how Claude and probably other LLMs work (fortune.com)
3 days ago

Perplexity says it is working with a startup called Firmly.ai to make it easier for brands to sell goods directly through Perplexity's shopping results (fortune.com)
3 days ago Startup AI

Sources: Katie Haun is raising $1B across two new crypto-focused funds as her Haun Ventures is close to deploying most of the $1.5B raised in 2022 (fortune.com)
9 days ago

Walrus Foundation, which is building an on-chain storage network, raised $140M from Standard Crypto, a16z, and others in a sale of its cryptocurrency, $WAL (fortune.com)
10 days ago Cryptocurrency

Sequoia is laying off its Washington, DC-based policy team and shuttering its office there this month, as other VC firms beef up their presence in the city (fortune.com)
12 days ago

Crossmint, which helps developers add crypto functionality to their code, raised $23.6M, including a seed and a Series A led by Ribbit Capital (fortune.com)
12 days ago

Cartesia, which is developing real-time generative AI models for voice AI, raised a $64M Series A led by Kleiner Perkins, taking its total funding to $91M (fortune.com)
19 days ago AI

A look at Crypto.com's perplexing trading volume surge, up 10x in 2024 per CoinGecko, vaulting it to the top tier of exchanges, as rivals question its growth (fortune.com)
19 days ago

Sources describe the collapse of fintech middleman Synapse that left ~$200M in customer money frozen, with entities blaming each other for shoddy recordkeeping (fortune.com)
22 days ago Fintech

A former CEO and chair of Intel says the company shouldn't be broken up since its foundry unit now has the tech and manufacturing know-how to compete with TSMC (fortune.com)
27 days ago Intel Manufacturing

Metronome, which offers APIs to help SaaS companies charge customers based on usage, raised a $50M Series C led by NEA, bringing its total funding to $128M (fortune.com)
29 days ago SaaS

IT management platform NinjaOne raised $500M led by Iconiq Growth and CapitalG at a $5B valuation, up from $1.9B after its Series C in February 2024 (fortune.com)
2025-2-25

Verkada, which makes smart cameras, alarms, sensors, and more for enterprises, raised a $200M Series E at a $4.5B valuation, up from $3.2B in September 2022 (fortune.com)
2025-2-20

Harvey, which builds generative AI tools for law firms, raised a $300M Series D led by Sequoia at a $3B valuation; CEO Winston Weinberg says ARR surpassed $50M (fortune.com)
2025-2-15 AI

After Meta laid off 3,600 of its “lowest performers” on February 10, some say they had good performance reviews, and experts say the label is highly subjective (fortune.com)
2025-2-14

Sources: OpenAI co-founder John Schulman is joining former OpenAI CTO Mira Murati's stealth startup; he left Anthropic after joining the startup in August 2024 (fortune.com)
2025-2-7 Startup

White House crypto czar David Sacks says NFTs and memecoins are neither securities nor commodities, but collectibles that people buy to “commemorate something” (fortune.com)
2025-1-25 Commodity

CFPB announces a $175M settlement with Block, including $120M in refunds to consumers, saying Cash App allowed rampant fraud while misleading its customers (fortune.com)
2025-1-17

Eve, which makes AI tools for law firms, raised a $47M Series A led by a16z, and says its revenue has grown by 5x over the past eight months (fortune.com)
2025-1-16 AI

Sources: Movement Labs, which is building a layer-2 Ethereum blockchain, is set to raise a $100M Series B at a $3B valuation, after raising $38M in April 2024 (fortune.com)
2025-1-9 Blockchain Ethereum

A profile of AWS CEO Matt Garman, including his first few months on the job, what his stewardship means for the business, and his opportunities and challenges (fortune.com)
2024-12-21

Sources: David Sacks' role as WH AI and crypto czar will be limited to an adviser role, overseen by Michael Kratsios, partly because he won't divest from Craft (fortune.com)
2024-12-21 AI

Sam Altman says Elon Musk is “clearly a bully” who is suing OpenAI because the startup is doing really well and calls the lawsuits “a little bit of a sideshow” (fortune.com)
2024-12-21 Startup Elon Musk

UK-based BVNK, a stablecoin infra startup with ~$40M in annualized revenue, raised a $50M Series B led by Haun Ventures; a source said it values BVNK at ~$750M (fortune.com)
2024-12-18 Startup

Stability AI CEO Prem Akkaraju, who was hired in June 2024, says the startup has seen “triple digit growth” and has “a clean balance sheet, no debt” (fortune.com)
2024-12-10 Startup AI

David Sacks, who called OpenAI a “piranha for-profit company”, becoming AI czar comes at a delicate moment for OpenAI as it transitions to a for-profit (fortune.com)
2024-12-8 AI

Sources: Meta's internal coding tool, Metamate, incorporates OpenAI's GPT-4 alongside Llama to make the tool more useful for developers and other Meta staff (fortune.com)
2024-12-4

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