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The Latest Breaking News from General Catalyst

AI startup General Intuition raises $320 million from Khosla Ventures, General Catalyst, Jeff Bezos

General Intuition describes itself as a "frontier lab for acting in space and time.” It focuses on the development of large action foundation models rather than conventional language models.

The Economic Times

Anthropic nears $1 trillion valuation, zooms past OpenAI after latest funding round

The company’s valuation has more than doubled from $380 billion in February, reflecting its swift rise as a leading competitor in the AI race and intense investor demand for stakes in frontier companies. Anthropic said its run-rate revenue crossed $47 billion earlier this month.

The Economic Times

Scapia secures $63 million funding from General Catalyst, Peak XV Partners and Z47

Scapia, a travel fintech startup, has secured $63 million in a funding round led by General Catalyst. Scapia plans to use the funds to expand its product portfolio across its financial services and travel segments. With this new infusion the total funding raised by the startup has gone up to…

The Economic Times

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General Catalyst’s viral ‘robot dog’ ad triggers Valley heavyweight Marc Andreessen

Venture capital firm General Catalyst's recent ad for a fictional AI robot dog, 'Woof AI,' has sparked a debate. Prominent investor Marc Andreessen slammed the ad as 'condescending' and 'smarmy,' though he acknowledged its cleverness. While some found the ad bold, others, like Andreessen, felt it was judgmental, highlighting a…

The Economic Times

Meet Apurva Shrivastava: Indian-origin engineer who turned a ‘missed call’ idea into $1 billion AI startup

In the high-stakes world of Silicon Valley, where billions are poured into chatbots and generative art, Apurva Shrivastava and Tyson Chen decided to look where few tech founders go: the local HVAC company. That decision has officially paid off. Their startup, 'Avoca', has reached a $1 billion valuation following a…

The Times of India

The typical American plan to study for 22 years and work for 40 ‘is broken,’ VC CEO says. Thanks to AI, employees can’t coast after graduation anymore

Employees have to constantly reskill to stay afloat, says General Catalyst CEO Hemant Taneja.

Fortune

Harvard grads raise $20 million for Ostium, a platform focused on a derivative popular with crypto traders

Marquee investors General Catalyst and Jump Crypto led the funding round.

Fortune

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As Healthcare Costs Spiral Out Of Control, This Texas-Based Startup Raised $130 Million To Disrupt It All

Healthcare startup Harbor Health said it has raised $130 million in a recent funding round, which was led by its existing investors General Catalyst, 8VC, and Alta Partners. Tech mogul Michael Dell's family office, DFO Management, also increased its monetary support.

Benzinga

Meet The New Chip Maker Aiming To Outrun TSMC And ASML

Silicon Valley heavyweights, including Peter Thiel’s Founders Fund, General Catalyst, and Valor Equity Partners, have poured over $100 million into San Francisco chip startup Substrate.

Benzinga

Exclusive: Coinbase and Cruise alums raise $15 million for crypto compliance startup CipherOwl

General Catalyst and Flourish Ventures led the round, with participation from Coinbase Ventures, Enlight Capital, and others.

Fortune

Former Truveris CEO AJ Loiacono's Judi Health Hits $3.25B Valuation With $252M Raise To Fix Drug Pricing Chaos

AJ Loiacono's healthcare software startup Judi Health reduced costs by 11% for 1,800 plan members and cut claims processing times from more than six months to 18 days. The 53-year-old entrepreneur founded the company, formerly known as Capital Rx, to address inefficiencies in an industry where administrative spending reaches $1…

Benzinga

PayPal Crypto Executive Steve Everett Calls Startup's Stablecoin-Powered Agent Network A 'Killer Combination' For Global Commerce

PayPal (NASDAQ:PYPL) is betting that a "killer combination" of stablecoins and blockchain-based infrastructure can unlock a new machine-driven economy.

Benzinga

PayPal and General Catalyst lead $18 million investment in AI blockchain startup Kite

The startup wants to make it easier for users, for example, to buy products straight through ChatGPT or other chatbots.

Fortune

Inside the CIA-backed venture fund that helped launch Palantir and Google Earth

In-Q-Tel has brought Silicon Valley thinking to Washington’s defense establishment—and funded a host of James Bond spy gadgets.

Fortune

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International Business Times

4Why RIAs Signal a New Era

By adopting the RIA playbook, top firms can chase value wherever it emerges—whether that is a minority position in a fast-growing SaaS platform or outright ownership of a 50-year-old services business calling for an AI retrofit.

Benzinga

Ex-SpaceX Team's $25M Startup Is Rewiring The Future Of U.S. Defense—They Still Build These Things 'The Same Way They Did During The Cold War'

Senra, a Southern California startup founded by ex‑SpaceX engineers Jordan Black and Benjamin Shanahan, is stepping into the spotlight after announcing on June 18 a $25 million Series A aimed at revamping critical U.S. defense manufacturing.

Benzinga

Spotify's $694M Bet On AI War Tech: What Daniel Ek's Helsing Move Signals For Investors Watching The Defense Boom

European artificial intelligence defense startup Helsing announced a €600 million ($694 million) funding round on Tuesday, led by Prima Materia, the investment firm founded by Spotify (NYSE:SPOT) CEO Daniel Ek and Shakil Khan, an earlier investor in Spotify.

Fortune

Exclusive: Empathy raises $72 million Series C to tackle the agonizing logistics of death

Founded in 2020, Empathy has raised a $72 million Series C, with Adams Street Partners leading the round, Fortune has exclusively learned.

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Fortune

How strength training startup Ladder plans to double users of its app in a year

The startup has accused Peloton of making a copycat product to try to compete in the space.

Fortune

Exclusive: An 'AI coworker' for CFOs startup just raised a $8.7 million seed round led by General Catalyst

Sapien's cofounders aim to redefine enterprise finance with AI for the CFO organization.

Fortune

General Catalyst’s Hemant Taneja on AI, LPs, and raising around $8 billion

The news broke yesterday that General Catalyst had raised about $8 billion in new funds.

Fortune

Former American Express CEO says business leaders are too scared to tell Trump what they really think of him: ‘They greatly fear there will be retribution’

After vowing to hit back at his political adversaries, CEOs worry they could be next if they anger Donald Trump.

Fortune

AfterHour raises $4.5 million seed round

After Hour recently raised its $4.5 million seed round, Fortune can exclusively report. Founders Fund and General Catalyst led the round, and were joined by Pear VC and others.

Fortune

Former Merck CEO Ken Frazier on the responsibility of CEOs to uphold principles despite politics

Plus: Frazier talks about the shareholders who trusted his vision enough to support him in his early days at the helm.

Fortune

Ex-Merck CEO Ken Frazier says CEOs must uphold American values

Frazier was one of the first CEOs to publicly distance himself from President Donald Trump.

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