Startups
Funded companies, founders, term sheets, demo days, and the early-stage AI scene reported with a healthy skepticism.
Latest in Startups
Anthropic Is Gunning for the Biggest IPO in History
The Claude maker is telling investors it wants to match or top SpaceX's $86.2 billion debut — with a public S-1 possibly landing this month, a $65 billion run rate, and Citi elbowing into the syndicate.
Etched hits $21B in 26 days, sells its first rack to the fund that just led its round
Jane Street took delivery of Etched's first inference cluster and then wrote the check that doubled the startup's valuation. In under four weeks.
Stripe buys OpenRouter for $7 billion-plus, and quietly becomes the toll booth for AI
A payments company just paid a 5x premium over May's valuation to own the switchboard between 8 million developers and 400+ AI models. Stripe now sees which models win.
Cognition raises $1 billion at $26 billion, and says Devin now writes 90% of its own code
The Devin startup more than doubled its valuation in eight months on $492M of run-rate revenue — and Scott Wu wants you to know he doesn't need to sell.
Anthropic comes for the small-business stack with Claude for Small Business
Packaged workflows, pre-built SaaS connectors, credit-card billing. Anthropic stops being a model provider for big companies and starts being a SaaS for everybody else.