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- Kobold Metals to raise $200M, ElevenLabs raises $19M, Grab to cut 1K employees
Kobold Metals to raise $200M, ElevenLabs raises $19M, Grab to cut 1K employees
KoBold Metals, a startup that uses AI to optimize the mining of copper, lithium, and cobalt, is raising ~$200M at a valuation north of $1B; investors include Breakthrough Energy Ventures, a16z, and BOND - Link
TechCrunch sources: ElevenLabs, a startup that allows users to train and generate AI voice models, raised a $19M Series A at a ~$99M valuation co-led by a16z and the duo of Nat Friedman and Daniel Gross - Link
Grab, a Singapore-based ride-hailing and delivery company, will cut 1K jobs (~11% of its employees); shares were initially up but quickly fell - Link
Dropbox is launching two AI tools: Dash, an AI-powered interconnected search tool, and Dropbox AI, which can summarize docs - Link
DexCare, a Seattle-based startup building a patient-management platform for healthcare providers, raised a $75M Series C led by ICONIQ Growth; customers include Kaiser Permanente, Providence, and Community Health Network - Link
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First, StoneAlgo CEO Devin Jones joins Jason for a jam session on scaling his startup, which is building "Zillow for diamonds" (4:38). Then, Mar Hershenson gives a presentation on "The Art of Picking." (38:19) - Link
Mar’s talk was recorded live at LAUNCH Angel Summit in Napa.
Reddit started removing mods from communities that have falsely labeled themselves as NSFW in protest of the company's API pricing changes; marking a subreddit as NSFW prevents ads - Link
Neptune Retail Solutions, a retail marketing firm, will acquire Coupons.com parent company Quotient Technology for $430M in cash and take the publicly traded company private - Link
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