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Microsoft invests in yet another AI company | TechCrunch

Feb 28, 2024 - techcrunch.com
The Equity podcast, which discusses startup and venture capital news, covers several key stories in its latest episode. Microsoft has invested in Mistral AI, a move that makes sense given the current regulatory scrutiny on the tech giant. Thrasio, despite raising billions, has filed for bankruptcy due to market shifts. Glean has successfully raised $200M, proving that mega rounds are still possible in 2024 for enterprise AI companies with a solid customer base and multiple VC backers.

In venture capital news, COTU Ventures and Zacua Ventures have raised funds of $54 million and $56 million respectively. The podcast also reminds listeners that it is available on various platforms and releases new episodes every Monday, Wednesday, and Friday at 7 a.m. PT. TechCrunch also offers a crypto-focused show and a show featuring interviews with founders.

Key takeaways:

  • Microsoft has invested in Mistral AI, a move that makes sense given the current regulatory environment.
  • Thrasio, a company that raised billions to pursue a market opportunity, has filed for bankruptcy after the market shifted.
  • Glean has successfully raised $200M in 2024, demonstrating that mega rounds are still possible for companies in enterprise AI with a solid customer base and multiple VC backers.
  • On the venture side, COTU Ventures and Zacua Ventures have raised funds of $54 million and $56 million respectively.
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