Startups Weekly: Mercury more than doubled its valuation, and other news

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This week reminded us that creative accounting didn’t just happen in Hollywood. Some hopes were broken, but startups are giving all kinds of promises from nuclear furnace to small EVS.

The most attractive startup story from the week

This week Startup News was a very mixed bag, one of which was finalized by public departure and the other was delayed and the other development jerks, both committed and frustrated.

Slow anxiety: TechCrunch learned that there were several companies including logo on the 11x website Not the actual customer A16z- and Benchmark-Backed Startup. Sources also say that the 11x used to calculate the annual recurring revenue is the creative way.

Further delay: The cerebras systems saw his IPO Delayed againThe AI Chipmaker filed a public publication in 2021, but its national protection review continues.

Atomic: Terrestrial energy, a US nuclear startup that develops small modular furnaces, Became public through spack And are expecting $ 280 million to net. Meanwhile, Bill Gates-backed Commonwealth Fusion System Hit an original milestone Its demonstration is made of furnace.

Not enough: Vertical farming agencies are abundant Bankrupt After raising about $ 1 billion funds from investors as an angel investor, including Softbank Investor Advisor, Walmart, Bezos Expedition and Jeff Bezos.

Trim: Block, fintech startup is co-founded by Jack Dorsy, 931 throws peopleAccording to a leaked email. The owner of the cash application and squares has already trimmed in 2024.

Rumor: Nvidia is told in the news Lepon is close to an agreement for AI to achieve AIA startup that rents servers driven by its AI chips. And a startup in South Korea that produces chips for AI applications, it is reported that Furiosai Reject an 800 million dollar acquisition offer From the meta.

The most attractive VC and funding news this week

From the pre-beans to a series e, there are some rounds that have caught our attention this week. Also, some new financing for VCS for investment in new deals.

Hot thermometer: Digital Banking Startup Mercury Raising $ 300 million In primary and secondary funds with a series C led by Sicoia. It has evaluated $ 3.5 billion after more than doubled money.

Bump of assessment: Island, a company that produces enterprise browsers, Secured $ 250 million A series led by the coat paid Dallas-based startup $ 4.85 billion dollars-a significant evaluation bump after a year of the previous round.

Also: Cut the revion Is also called a new micromobility startupWhich has already received $ 105 million from the Eclipse initiative. The goal is to create small EVs by producing a flagship product in production of a flagship product next year for customers in the United States and Europe.

Automated: Fast growing Burlin-based workflow automation startup n8 n Raising $ 60 million HV Capital and previous investors are also involved in a fund -led fund led by the Highland Europe with Sikoiya, Felicis and Harpun. Sources say the evaluation is about $ 1 million.

Ramp for latam: Mexico City-based YC Allam Mendel A 35 million dollar series b And hope that its business will reach profit by the end of 2025.

Rich: Arcade, a generator for jewelry design AI Marketplace, has been announced at the same time Its $ 25 million in a fund of the series And the expansion of home products starting with anger.

Not inadvertently labor:: Former Outreach CEO Manny has launched Medina Paid, a new startup that has already collected $ 11 million for pre-bees fund Confirm that AI agents have been paidThe

Further AI:: Sun Mateo, California -based upbringing capital A $ 1 billion seventh funds off To back the B2B companies with deep interest in AI.

Check the blue: French VC Farm Daffney announces his third fund, Duffoni Blue, its first closure to close the first closure Secured $ 215 million Its overall is between $ 270 million targets.

Out of voice:: Amazon’s Alexa Fund has expanded its opportunity out of voice startups with a Focus on AI investmentsThe

Last but not the least

A new report has displayed 20 hottest open source startups in the world. You can find Full list and more details are hereThe As you can guess, more than half of them have AI at their root.