Databricks acquires MosaicML, Apollo leads $1B debt investment into Wolfspeed

Databricks will acquire open-source generative AI startup MosaicML for ~$1.3B; MosaicML enables businesses to build proprietary language models; the deal is expected to close by the end of July - Link

The Information sources: Apollo Global is leading a ~$1B debt investment in Wolfspeed, a publicly-trade, US-based semiconductor maker; shares were up slightly on Monday, representing a $6.3B market cap - Link

IBM will acquire Apptio, a platform that helps companies manage data in hybrid environments, for $4.6B in cash; Apptio was sold to IBM by Vista Equity Partners, which acquired the firm and took it private for $1.94B in 2018 - Link

Meta has announced Quest Plus, a subscription costing $8/month or $60/year, which offers a suite of VR games and two new titles every month - Link

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Jason first reflects on the Titan submersible tragedy as he discusses the concept of ‘Toxic Wealth’ (1:41). Then, he explains why Meta will remove news content from Instagram and Facebook in Canada due to Bill C-18 (14:59). Finally, Elizabeth Yin gives a presentation live from Angel Summit on her five major learnings from 700+ startup investments (22:59). - Link

Amazon plans to partner with thousands of US small businesses to boost its last-mile delivery network, aiming to work with 2500 drivers across 23 states by EOY - Link

ThoughtSpot, an AI-powered business analytics platform, will acquire Mode Analytics for ~$200M in cash and stock - Link

TikTok CEO Shou Zi Chew announced the app’s plans to invest $10B into Indonesia over the next five years, with the intent of expanding growth in SE Asia; TikTok has already been banned in India and will undergo a security review in Vietnam - Link

Accelerant, an Atlanta-based startup building a “Risk Exchange” marketplace to connect underwriters with risk capital, raised $150M at a $2.4B valuation, led by Barings - Link

This Week in Startups

E1767: Titan tragedy, Meta removes news in Canada + Elizabeth Yin at Angel Summit

E1766: StoneAlgo’s Devin Jones on “Zillow for diamonds” + Mar Hershenson on the art of picking

E1765: EyeRate CEO Ray Weisberg on scaling from $0 to $10M + Steve Jurvetson on disruptive tech

E1764: Gavin Baker on AI platform shift, upside vs downside, extinction risk, Nvidia outlook & more

E1763: Reddit CEO Steve Huffman on mod revolt, building a legendary community & more

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