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TechCrunchAt least two startups in the batch raised at valuations of $175 million or higher. Investors highlighted defense, AI infrastructure and developer tools among the standouts.
Two cofounders built a social connection app called Candle that generated over $1 million in its first year. The team had previously spent three months testing five to six ideas after an initial AI shopping tool proved unprofitable.
Substrate placeholder — needs reviewOpenAI proposed providing $2 million worth of tokens to each startup in the current Y Combinator class. The offer replaces cash investment with usage credits that startups can apply to product development.
app.buzzsumo.comParker, which offered corporate credit cards and banking services to e-commerce businesses, filed for Chapter 7 bankruptcy protection on May 7. The company, a Y Combinator winter 2019 participant that raised more than $200 million, is reported to have shut down operations. Its fi…
thehindubusinessline.comOpenAI CEO Sam Altman stated that AI tools are empowering founders who understand users but lack coding skills. Speaking at Stripe Sessions, he described a shift from prioritizing technical talent in startups. Altman, a former Y Combinator leader, noted this change marks a turnar…
ecommerce-platforms.comSubscription payments startup Skio has been acquired by rival Recharge in a $105 million all-cash deal. Founder Kennan Frost announced the terms after raising $8 million from investors. The acquisition follows Skio's growth to $32 million in annual recurring revenue.