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

This Week in Startups

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

E1762: How AI is making influencers bionic with Forever Voices CEO John Meyer

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