sequoia capital

Days ahead of a decisive extraordinary general meeting, Byju Raveendran wrote a letter to shareholders informing them that the edtech firm’s rights issue has been fully subscribed. Details of this and more in today’s ETtech Top 5.Also in this letter:■ BluSmart, Tata Power ink charging deal■ Cert-In probing EPFO, PMO data breach■ ETtech Explainer on Google’s Gemini 1.5Rights issue fully subscribed, will restructure board: Byju Raveendran Byju’s $200 million rights issue is fully subscribed, its founder informed…

The Delhi High Court in a recent order instructed social media applications like Telegram, WhatsApp and YouTube to take down any accounts operated through a specific mobile number which was impersonating venture capital firms Peak XV Partners and Sequoia Capital. The accused impersonated the venture firms to create bogus investment platforms that duped many unsuspecting investors. While the exact amount that people were cheated of is not known, some people took to public platforms to say they had lost as much as Rs 30…

ServiceTitan Inc, a Los Angeles-based startup that makes software to help contract workers manage their businesses, has revived preparations for an initial public offering (IPO) in 2024, according to people familiar with the matter.ServiceTitan, which had been preparing to go public in 2022 before the market for IPOs soured, is working with investment banks Goldman Sachs and Morgan Stanley on its latest preparations for a stock market listing that could come as early as the second quarter of 2024, the sources said,…

Major investors in OpenAI, the company behind hugely popular ChatGPT, are working to orchestrate the return as CEO of Sam Altman, a leader in the AI revolution who was fired in a shock move Friday, US media reported Sunday.Investors as important as Microsoft and venture firm Thrive Capital "are making efforts to bring back Sam Altman," the Wall Street Journal reported, citing unnamed sources. Microsoft and Thrive are the two largest investors in OpenAI, but other investors are supportive of these efforts, the Journal…

The storied venture firm’s brand has come under scrutiny for the first time in years following a series of controversial decisions. The storied venture firm’s brand has come under scrutiny for the first time in years following a series of controversial decisions. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their…

Invoice discounting startup KredX has gone live on International Trade Financing Services, a cross-border trade financing platform. This will enable KredX GTX, run by its wholly owned subsidiary KredX Ventures IFSC, to start invoice discounting for both Indian exporters and importers.The Sequoia Capital and Tiger Global-backed company has successfully conducted live transactions during sandbox testing and has received a final approval to go ahead with its commercial operations from International Financial Services Centres…

Image used for representative purpose onlyWith more and more lawyers at major law firms using fast-advancing generative artificial intelligence tools, legal AI startup Harvey said Wednesday that it raised $21 million in fresh investor cash. Sequoia Capital, which is leading the Series A fundraising round, said more than 15,000 law firms are on a waiting list to start using Harvey. OpenAI Startup Fund, Conviction, SV Angel and Elad Gil also participated in the funding round, Harvey said. Harvey, founded in 2022 and built…

LayerZero Labs said on Tuesday that it has raised $120 million in an early stage funding round, that has tripled the blockchain messaging protocol's valuation to $3 billion. The Series B fund-raise saw participation from 33 investors, including a16z crypto, Christie's, Circle Ventures, OpenSea Ventures, Samsung Next, and Sequoia Capital, amongst others.The fund-raise underscores a growing affinity for companies to tap private investors at a time turbulent markets and a risk-off sentiment has throttled appetite for public…

In December and January, several venture capitalists from the US and Britain raced to Paris to vie for a stake in a new artificial intelligence company that could reshape how people work. The startup they courted, Dust, consisted of just two people. It had not been incorporated yet. And it rejected a generous proposal by top investment firm Coatue Management among other offers, three people familiar with the deal told Reuters. Sequoia Capital won, two of the people said, leading a sizable "seed" fundraising round of $5…

More than 400 venture capital firms have issued a joint statement in support of the recently collapsed California-based Silicon Valley Bank (SVB), a major lender for startups globally. Hemant Taneja, CEO of VC firm General Catalyst tweeted and informed about the development, Sunday. “Sunday: In last 36 hrs, 400+ VC firms w/ trillions in AUM signed on to support @SVB_Financial. Role in global ecosystem is critical for our industry/world to continue responsible innovation & supporting vibrant economy. More tk; support…