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Augury and Hightouch joined the unicorn club | TechCrunch

Feb 21, 2025 - techcrunch.com
The latest edition of Startups Weekly highlights significant developments in the startup world, including both new beginnings and closures. Notably, Thinking Machines Lab, an AI startup by former OpenAI CTO Mira Murati, emerged from stealth, while Humane's assets were acquired by HP for $116 million. Additionally, Nikola Corp., a hydrogen electric trucking startup, filed for bankruptcy. In the realm of innovation, Future Family launched an IVF insurance product in the U.S., offering refunds if treatments fail after two rounds.

On the venture capital front, Austin-based defense startup Saronic raised $600 million, quadrupling its valuation to $4 billion. AI coding startup Codeium is reportedly in talks for a new funding round at a $2.85 billion valuation. Other notable funding news includes Hightouch's $80 million Series C round, Augury's $75 million Series F, and Luminance's $75 million Series C in the legal AI space. Amid potential NIH budget cuts, Altitude Lab's Pre-seed Venture Fund plans to invest in biotech startups qualified for SBIR grants. Lastly, Marc Andreessen of Andreessen Horowitz discussed the firm's long-term vision on the Invest Like the Best podcast.

Key takeaways:

  • Thinking Machines Lab, founded by former OpenAI CTO Mira Murati, emerged from stealth without disclosing its VC funding, while Ilya Sutskever's Safe Superintelligence is reportedly raising $1 billion.
  • Humane's assets, including its AI Pin, were acquired by HP for $116 million, marking an end for the hardware startup.
  • Austin-based defense startup Saronic raised $600 million in a Series C round, quadrupling its valuation to $4 billion.
  • AI-powered legal tech startup Luminance raised $75 million in a Series C funding round, highlighting the growing interest in legal AI.
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