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Wellfunded

Venture Capital

a16z Backs Vals, AI's Independent Model Scorekeeper

Aug 14, 2026

a16z Backs Vals, AI's Independent Model Scorekeeper

Andreessen Horowitz has invested in Vals, a startup building real-world AI benchmarks for high-stakes professional domains like law, finance, and coding. Unlike academic leaderboards that get gamed or saturated, Vals tests models on actual workflows — and deliberately retires benchmarks once frontier models max them out. a16z sees the company as AI's emerging equivalent of Moody's or UL certification: the independent trust layer enterprise buyers need as agentic AI moves into consequential work.

AI

Venture Capital

Startups

Databricks Closes $5B Round at $190B Valuation

Aug 14, 2026

Databricks Closes $5B Round at $190B Valuation

Databricks closed a $5B funding round at a $190B valuation after investor demand wildly exceeded the company's original $1B target. CEO Ali Ghodsi tells TechCrunch the raise was catalyzed by a leaked press report during the company's own conference, triggering a flood of inbound calls. Revenue has now crossed a $7B annualized run rate, growing more than 80% year over year.

AI

Venture Capital

Enterprise AI

Blacksmith's Valuation Hits $550M on 10x Revenue Growth

Aug 13, 2026

Blacksmith's Valuation Hits $550M on 10x Revenue Growth

Blacksmith, the CI/CD infrastructure startup purpose-built for GitHub Actions, has seen its valuation jump nearly 10x to $550M in under a year, driven by a tenfold surge in revenue as AI coding agents dramatically increase demand for fast, reliable software validation. The San Francisco company has raised roughly $59M across four rounds since its 2024 founding. Its rise is one of the clearest signals yet that the AI coding boom is creating a massive derivative market in testing and build infrastructure.

AI

Developer Tools

Startups

Cognition in Talks to Raise Again at $40B Valuation

Aug 13, 2026

Cognition in Talks to Raise Again at $40B Valuation

Cognition, makers of AI coding agent Devin, is reportedly in early talks to raise more than $1 billion at a valuation of at least $40 billion — a 54% jump from the $26 billion it commanded just three months ago. The company's annualized revenue run rate is approaching $1 billion, roughly double what it reported at its last financing. If the round closes, it would cement Cognition as one of the most valuable pure-play AI coding companies in the world.

AI

Venture Capital

Startups

Accel Raises $800M Europe Fund as Part of $3.5B Global Haul

Aug 12, 2026

Accel Raises $800M Europe Fund as Part of $3.5B Global Haul

Accel has raised $3.5 billion across four geographically focused funds, including an $800M vehicle for European and Israeli startups — its ninth and largest dedicated to the region. The raise signals the firm's conviction that AI is compressing the time from idea to scaled business, and that founders are raising more capital, earlier than ever.

Venture Capital

AI

Europe

Monashees Plants a Flag in SF to Bridge LatAm and AI

Aug 11, 2026

Monashees Plants a Flag in SF to Bridge LatAm and AI

Monashees, the São Paulo-born VC that helped build Latin America's startup ecosystem over two decades, has opened a San Francisco office to keep pace with the AI wave — and just launched a co-investment fund with Google to back Brazilian AI-native startups. Partner Fabiola Quinzaños explains why proximity to the frontier is no longer optional.

Venture Capital

Latin America

AI

H1 2026 Mints 195 Unicorns — More Than All of 2025

Aug 10, 2026

H1 2026 Mints 195 Unicorns — More Than All of 2025

A record 195 companies joined the unicorn ranks in just the first six months of 2026 — already exceeding all of 2025's count of 193. Robotics, AI infrastructure, defense, and semiconductors led the charge, while DeepSeek, OKX, and OpenAI Deployment Co. claimed the top three valuation spots. The cohort has added roughly $440 billion in value and raised $80 billion in aggregate.

Venture Capital

AI

Startups

AI IPOs Will Reshape VC Power — Just Not How You Think

Aug 10, 2026

AI IPOs Will Reshape VC Power — Just Not How You Think

Everyone is watching AI IPO opening prices. Andrew Gershfeld of Flint Capital argues the real story plays out afterward — when LP distributions trigger a new fundraising cycle that could hand an unprecedented share of venture capital to the industry's largest firms, leaving founders outside the top tier to compete in an increasingly constrained market.

AI

Venture Capital

IPO

Neuraspace Raises €15.6M for AI Space Awareness Tech

Aug 6, 2026

Neuraspace Raises €15.6M for AI Space Awareness Tech

Portuguese space tech firm Neuraspace has closed a €15.6M financing round to expand its AI-driven Space Domain Awareness platform. The funding blends private investment and EU recovery funds, as satellite operators face growing threats from congestion, cyberattacks, and counterspace activities.

Space Tech

AI

Deep Tech

Revolut's Storonsky in Talks for a $500bn Windfall

Aug 6, 2026

Revolut's Storonsky in Talks for a $500bn Windfall

Revolut CEO Nik Storonsky is reportedly negotiating a new share deal that would significantly boost his stake if the fintech hits a $500bn valuation — more than four times its current secondary market price. The talks reveal the scale of Storonsky's ambitions ahead of a potential 2028 IPO.

Fintech

Startups

IPO

Robinhood Brings YC Deal Flow to Retail Investors

Aug 6, 2026

Robinhood Brings YC Deal Flow to Retail Investors

Robinhood is set to list a fund giving everyday investors access to Y Combinator startups — a slice of early-stage tech investing that has historically been reserved for venture capitalists and insiders. Here's what it means for the democratization of startup capital.

Startups

Venture Capital

Fintech

8 Startups Set for TechCrunch Battlefield Australia

Aug 6, 2026

8 Startups Set for TechCrunch Battlefield Australia

TechCrunch has selected eight startups to pitch at Startup Battlefield Australia, one of the most competitive early-stage showcases in the Asia-Pacific region. The cohort represents a range of sectors and founding teams vying for exposure, mentorship, and the coveted Battlefield cup. Here's what founders and investors should know ahead of the event.

Startups

Events

Venture Capital

WindBorne Systems Raises $37M for AI Weather Forecasts

Aug 6, 2026

WindBorne Systems Raises $37M for AI Weather Forecasts

WindBorne Systems has closed a $37 million Series B to expand its network of AI-powered weather balloons and commercial forecasting products. The startup is betting that better atmospheric data — gathered at scale — can finally make precision weather prediction profitable. Here's why that matters beyond meteorology.

AI

Startups

Climate Tech

Yann LeCun Joins 224 Ventures' New $100M AI Fund

Aug 6, 2026

Yann LeCun Joins 224 Ventures' New $100M AI Fund

The 'AI godfather' Yann LeCun has signed on as a partner at 224 Ventures, a new fund targeting AI-native startups with $1M–$5M checks. The move comes just weeks after LeCun abruptly exited another fund, Extelligence Invest, amid questions over exclusivity conflicts.

AI

Venture Capital

Startups

Jeff Dean, Top Google AI Researchers Launch New Startup

Aug 6, 2026

Jeff Dean, Top Google AI Researchers Launch New Startup

Jeff Dean, one of the most storied figures in AI research, is leaving Google alongside several senior colleagues to found a new startup focused on accelerating scientific discovery through AI. The departure marks one of the most significant talent exits from Google's AI division in recent memory.

AI

Startups

Research

Estel Technologies Raises €270K for AI Sales Intel

Aug 5, 2026

Estel Technologies Raises €270K for AI Sales Intel

Bulgaria-based Estel Technologies has closed a €270K pre-seed round led by Vitosha Ventures to build an AI-powered sales platform for tech staffing firms. The platform consolidates lead scoring, demand verification, and buyer matching into a single workspace — replacing the fragmented toolsets recruiters currently depend on. The startup has US expansion in its sights for 2027.

AI

Startups

Venture Capital

conmeet Raises €6M for an AI Construction OS

Aug 5, 2026

conmeet Raises €6M for an AI Construction OS

German construction tech startup conmeet has closed an oversubscribed €6M seed round to expand its AI-powered platform for mid-sized trades and construction businesses. Co-led by Reimann Investors Venture Capital and Smedvig Ventures, the funding will drive DACH expansion and deepen the platform's autonomous workflow capabilities.

Startups

Construction Tech

AI

Bending Spoons Buys Airtable for $1.28B, Down From $11B

Aug 5, 2026

Bending Spoons Buys Airtable for $1.28B, Down From $11B

Italian software acquirer Bending Spoons is buying Airtable for $1.28 billion, a fraction of the no-code database platform's 2021 peak valuation of $11 billion. The deal marks one of the starkest examples of post-boom SaaS valuation compression. Here's what it means for the no-code market and the broader software landscape.

Mergers And Acquisitions

SaaS

Startups

Record 14 Billion-Dollar Rounds Push Funding to $65B

Aug 5, 2026

Record 14 Billion-Dollar Rounds Push Funding to $65B

Global venture funding hit $65 billion in July 2026 — up 100% year over year — with a record 14 billion-dollar rounds closed in a single month. AI captured 53% of all capital, while a healthy IPO and M&A market signals the cycle is broadening, not peaking.

Venture Capital

AI

Startups

Bluesky's New CEO Wants an Open Social Web 'Big Tent'

Aug 4, 2026

Bluesky's New CEO Wants an Open Social Web 'Big Tent'

Toni Schneider has moved from interim to permanent CEO of Bluesky, bringing a WordPress-era vision of open ecosystems to social media. He sat down with Decoder to explain how he plans to balance the app's user base with the sprawling AT Protocol developer community — and why revenue might not depend on ads.

Social Media

Open Source

Startups