Eric Zhu started building Aviato, an analytical platform for private market data, in a very typical place for an entrepreneur: the bathroom in his Carmel, Indiana, high school. Now the 17-year-old’s startup is emerging from stealth with $2.3 million in venture funding.
Alphabet, the parent company of Google, is in advanced talks to acquire cybersecurity startup Wiz for $23 billion, the Wall Street Journal reported on Sunday. TechCrunch’s sources heard similar and added that deal discussions could last into next week.
When Tade Oyerinde first set out to fundraise for his startup, Campus, a fully accredited online community college, it was incredibly difficult. VCs have backed for-profit education companies in the past, including Coursera and Udacity, but backing a more traditional two-year college is different. Plus, he was looking for funds a few years ago when higher ed was starting to face a reckoning from decreasing enrollment and increasing tuition prices.
When Jaclyn Rice Nelson and Noah Gale launched AI talent and services company Tribe AI in 2019, they had to convince companies that having an AI strategy mattered. After the release of ChatGPT in 2022 and the AI mania it ushered in, the startup has experienced a “massive boom” in demand, Gale told TechCrunch.
Community colleges aren’t immune from the current reckoning higher education is facing. Student enrollment is declining while institutions keep raising tuition prices which can prevent students from finishing their programs. Clearly, it’s time for the industry to try something new.
For some, AI fatigue is real — but clearly venture investors haven’t grown tired of the category.
When Keith Rabois announced he was leaving Founders Fund to return to Khosla Ventures in January, it came as a shock to many in the venture capital ecosystem — and not just because Rabois is a big name in the industry.
On today’s episode of Equity, we’re taking a look at news you might’ve missed over the holiday weekend here in the U.S., starting with the recent OpenAI security breach. While it doesn’t seem that people have to be too worried about what the hackers actually accessed, the fact that it happened is worth paying attention to. TechCrunch’s Devin Coldewey argues that AI companies are treasure troves of data and will likely become more of a target for hackers. Companies that work with the large AI companies should pay attention.
When Til Klein and Jochen Beutgen came across Gaingels, the U.S.-based syndicate of angel investors backing LGBTQ+ founders, they wondered why there wasn’t a firm looking to do the same for the European LGBTQ+ startup community. Five years later, when a firm like that still didn’t exist, Klein and Beutgen decided they should try to launch one themselves.
When Ironspring Ventures launched in 2020 to back startups in industrial sectors like construction and manufacturing, it was one of very few early-stage venture firms paying attention to those capital-intensive sectors. Now, the firm is doubling down.
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