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AI Transcription Leader Verbit Becomes a Unicorn Following $157 Million in Series D Funding

AI Transcription Leader Verbit Becomes a Unicorn Following $157 Million in Series D Funding
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Extra Crunch roundup: Klaviyo EC-1, micromobility s second wave, UiPath CFO interview, more – TechCrunch

Extra Crunch roundup: Klaviyo EC-1, micromobility’s second wave, UiPath CFO interview, more Origin stories are satisfying because we already know the hero will overcome the odds and in doing so, they’ll reveal their core strengths. This week, we published a four-part series about how Klaviyo co-founders Andrew Bialecki and Ed Hallen bootstrapped their startup into an e-commerce marketing automation platform now valued at $4.15 billion. Neither founder was bitten by a radioactive spider or received a serum that enhanced their entrepreneurial skills; instead, they focused on outreach to prospective customers to find out what they were willing to pay for and largely ignored the competition.

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How are VCs handling diligence in a world where deals open and close in days, not months? – TechCrunch

How are VCs handling diligence in a world where deals open and close in days, not months? The global venture capital market had a cracking start to the year. Coming off a 2020 high, VC totals in the United States, in Europe, and among competitive verticals like insurtechand AI are on pace to set new records in 2021. The rapid-fire deal-making and trend of larger venture checks at higher valuations that The Exchange has tracked for some time require private-market investors to make decisions faster than ever. For venture capitalists, the timeline for reaching conviction around a startup’s thesis and executing due diligence has become compressed.

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Dell, Intel Capital Invest Millions In Open Source Startup Tetrate

Dell, Intel Capital Invest Millions In Open Source Startup Tetrate “Both the product and background of the founding team lead us to believe that Tetrate is poised to bring Istio into the mainstream for enterprises by making it easy to manage and deploy on multi-cloud and hybrid cloud environments,” said Jai Das, president of Sapphire Ventures, which led the $40 million funding round. By Mark Haranas March 11, 2021, 10:33 AM EST Dell Technologies Capital and Intel Capital participated in a $40 million Series B investment round for open-source service mesh technology startup Tetrate, which plans to create a new Software as-a-Service offering with the funding.

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Tetrate, the company born out of Istio s open source app networking project, raises $40 million – TechCrunch

Tetrate, the company born out of Istio s open source app networking project, raises $40 million – TechCrunch
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