“At least 95 investors – including Sequoia, Founders Fund, Coatue, and Altimeter – now hold stakes in both Anthropic and OpenAI, as the AI boom upends the old VC taboo against backing direct competitors.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.
“K2 Space raised $500m in Series D funding at a $6.8b valuation. Kleiner Perkins and Iconiq led, joined by Lightspeed, CapitalG, and Altimeter.”
“In retrospect, it actually is a whole new category of venture. It's not replacing baby venture. It's kind of adding a whole new category on top. And the world needs that category because these companies aren't public. So the altimeters, the thrives, the recent late stage part of the business, all those guys have replaced what would have been public companies.”
Source→“Baseten raised $1.5B from Spark Capital, Conviction, Altimeter, Wellington, Sands Capital at a $13B valuation.”
Source→“Baseten, which provides software and compute for running open-source AI models, is closing a $1.5B round at an $11–13B valuation—a company most non-specialist investors wouldn't recognize.”