Venture Funds

OpenAI has changed the governance structure of its venture capital fund that backs AI startups, so its high-profile chief executive Sam Altman no longer owns or controls the fund, according to a filing with the US Securities and Exchange Commission.

Startups looking to establish their names in the crypto sector are taking this bull phase seriously and are swarming towards accelerator programmes. While accelerator and investment programmes provide Web3 startups with funding, mentorship, and industry guidance – these venture firms get the opportunity to have promising upcoming firms under thei...

Venture firms Immutable and King River Capital along with blockchain firm, the Polygon Labs have set up a $100 million (roughly Rs. 83 crores) fund called the Inevitable Games Fund (IGF).

Stan has managed to raise an investment of $2.7 million (roughly Rs. 22 crore) from several investors, including CoinDCX Ventures and Coinswitch Ventures. The company disclosed this information in an official announcement shared on January 23. Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund, General Catalyst, Climber Capital, and TDV Partners are...

Khosla Ventures, an early supporter of OpenAI, has spearheaded the funding round for Mr Agrawal's AI initiative.

Zepto, an instant grocery startup founded by a duo of Stanford University dropouts, both 20, raised fresh funds at a $1.4 billion valuation, creating a rare Indian unicorn amid a gloomy venture funding climate.

Sequoia Capital is supposedly reducing its crypto fund by a whopping 65 percent. The US-headquartered venture crypto fund was valued at $585 million (roughly Rs. 4,813 crore) at the time of its launch in February this year. Its decision to cut down on this funding leaves the capital pool with just $200 million (roughly Rs. 1,645 crore).

The Web3 projects and startups have recorded a significant drop in collecting funding from external sources. Between January and June this year, Web3 firms managed to raise only $3.6 billion (roughly Rs. 29,568 crore) in funding. In the same months last year, Web3 firms had raised $16 billion (roughly Rs. 1,31,404 crore) in funding.

Sound, a music NFT platform, has managed to raise $20 million (roughly Rs. 164 crore) with investments from Snoop Dogg and venture capital firm a16z. Without an infringement from any third party, Sound also lets artists monetise their content and earn from their work.

AI-focussed Web3 startup Olympix has raised $4.3 million (roughly Rs. 35 crore) in a seed funding round. With the craze around AI picking pace around the world, industry members from the Web3 sector are pacing to integrate the technology with blockchain. Venture capitalists are also rooting for this combination given the millions they are pouring o...

Researchers at AI4Bharat are raising $12 million (nearly Rs. 100 crore) from venture capital firms Peak XV and Lightspeed Venture, according to three people familiar with the matter. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI's ChatGPT dazzled users with its ability to engage in human-li...

US-based venture capital firm Andreessen Horowitz (a16z) has decided to go international with its presence. The crypto and Web3-focussed company will be establishing itself in the UK later this year. The firm finalised the move after several rounds of discussions with UK’s pro-crypto PM Rishi Sunak.

Chinese search giant Baidu will set up a venture capital fund of CNY 1 billion ($145 million, or roughly Rs. 1,200 crore) to back startups focused on content generated by artificial intelligence applications, it said on Wednesday.

The Indian government is poised to deny crucial funding for Anil Agarwal's chip venture, Bloomberg News reported on Tuesday, a setback to the billionaire's ambition to build India's 'own Silicon Valley.' The authorities are likely to inform the venture between Vedanta and Taiwan's Foxconn that it won't get incentives to make 28-nanometer chips, the...

Coinbase Ventures has claimed that its helping Silence Labs, AirStack, Mohash, and Shield among 12 others with nearly $25 Million in subsequent funding. The company claims that the formation of this Web3 focussed fund last year was to enable early-stage startups to experiment with blockchain, crypto, and overall Web3 to solve real-world problems.

OpenAI has changed the governance structure of its venture capital fund that backs AI startups, so its high-profile chief executive Sam Altman no longer owns or controls the fund, according to a filing with the US Securities and Exchange Commission.

Startups looking to establish their names in the crypto sector are taking this bull phase seriously and are swarming towards accelerator programmes. While accelerator and investment programmes provide Web3 startups with funding, mentorship, and industry guidance – these venture firms get the opportunity to have promising upcoming firms under thei...

Venture firms Immutable and King River Capital along with blockchain firm, the Polygon Labs have set up a $100 million (roughly Rs. 83 crores) fund called the Inevitable Games Fund (IGF).

Stan has managed to raise an investment of $2.7 million (roughly Rs. 22 crore) from several investors, including CoinDCX Ventures and Coinswitch Ventures. The company disclosed this information in an official announcement shared on January 23. Aptos Labs, Pix Capital, Maelstrom Fund, GFR Fund, General Catalyst, Climber Capital, and TDV Partners are...

Khosla Ventures, an early supporter of OpenAI, has spearheaded the funding round for Mr Agrawal's AI initiative.

Zepto, an instant grocery startup founded by a duo of Stanford University dropouts, both 20, raised fresh funds at a $1.4 billion valuation, creating a rare Indian unicorn amid a gloomy venture funding climate.

Sequoia Capital is supposedly reducing its crypto fund by a whopping 65 percent. The US-headquartered venture crypto fund was valued at $585 million (roughly Rs. 4,813 crore) at the time of its launch in February this year. Its decision to cut down on this funding leaves the capital pool with just $200 million (roughly Rs. 1,645 crore).

The Web3 projects and startups have recorded a significant drop in collecting funding from external sources. Between January and June this year, Web3 firms managed to raise only $3.6 billion (roughly Rs. 29,568 crore) in funding. In the same months last year, Web3 firms had raised $16 billion (roughly Rs. 1,31,404 crore) in funding.

Sound, a music NFT platform, has managed to raise $20 million (roughly Rs. 164 crore) with investments from Snoop Dogg and venture capital firm a16z. Without an infringement from any third party, Sound also lets artists monetise their content and earn from their work.

AI-focussed Web3 startup Olympix has raised $4.3 million (roughly Rs. 35 crore) in a seed funding round. With the craze around AI picking pace around the world, industry members from the Web3 sector are pacing to integrate the technology with blockchain. Venture capitalists are also rooting for this combination given the millions they are pouring o...

Researchers at AI4Bharat are raising $12 million (nearly Rs. 100 crore) from venture capital firms Peak XV and Lightspeed Venture, according to three people familiar with the matter. The larger-than-usual seed funding round underscores the growing interest in generative AI, after OpenAI's ChatGPT dazzled users with its ability to engage in human-li...

US-based venture capital firm Andreessen Horowitz (a16z) has decided to go international with its presence. The crypto and Web3-focussed company will be establishing itself in the UK later this year. The firm finalised the move after several rounds of discussions with UK’s pro-crypto PM Rishi Sunak.

Chinese search giant Baidu will set up a venture capital fund of CNY 1 billion ($145 million, or roughly Rs. 1,200 crore) to back startups focused on content generated by artificial intelligence applications, it said on Wednesday.

The Indian government is poised to deny crucial funding for Anil Agarwal's chip venture, Bloomberg News reported on Tuesday, a setback to the billionaire's ambition to build India's 'own Silicon Valley.' The authorities are likely to inform the venture between Vedanta and Taiwan's Foxconn that it won't get incentives to make 28-nanometer chips, the...

Coinbase Ventures has claimed that its helping Silence Labs, AirStack, Mohash, and Shield among 12 others with nearly $25 Million in subsequent funding. The company claims that the formation of this Web3 focussed fund last year was to enable early-stage startups to experiment with blockchain, crypto, and overall Web3 to solve real-world problems.