AI & RoboticsNews

OpenAI raises $110B in one of the largest private funding rounds in history

OpenAI has raised $110 billion in private funding, the company announced Friday morning, commencing one of the largest private funding rounds in history. The new funding consists of a $50 billion investment from Amazon as well as $30 billion each from Nvidia and SoftBank, against a $730 billion pre-money valuation. Notably, the round remains open, and OpenAI expects more investors to join as it…
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AI & RoboticsNews

Trace raises $3M to solve the AI agent adoption problem in enterprise

For all their potential, AI agents have been slow to make an impact in the enterprise, and one new startup is betting that the reason they haven’t is a lack of context. Launched as part of Y Combinator’s 2025 summer cohort, Trace is a workflow orchestration startup aimed at filling that gap. The company maps complex corporate environments and processes so that agents have the context…
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AI & RoboticsNews

Khosla’s Keith Rabois backs Comp, which wants to bolster HR teams with AI

After graduating from Cornell University, Christophe Gerlach spent nearly two years investing exclusively in HR tech startups for General Atlantic. Investing was exciting, but Gerlach was yearning to get back into entrepreneurship. While at Cornell, Gerlach (pictured above, right) built and sold a food delivery startup alongside classmate Pedro Bobrow (pictured above, left), a Brazilian native.
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AI & RoboticsNews

Canva acquires startups working on animation and marketing

On Monday, creative suite maker Canva announced the dual acquisition of startups Cavalry, which works on animation, and MangoAI, which works on improving ad performance. U.K.-based Cavalry works on 2D motion animation for different verticals such as advertising, marketing, gaming, and generative art. Canva said that Cavalry’s tooling will add to the existing capabilities of Affinity…
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