High Valuations for Early Stage Deals Are Back...at Least for Artificial Intelligence Startups
I've got the details on Benchmark & Andreessen Horowitz's secret deals.
Software investors came back from their summer vacations and decided to funnel all their energy into expensive early stage rounds in artificial intelligence, database technology, open source software, and large language models.
Despite all the fear, uncertainty, and doubt, investors are still very excited about early stage, technology-intensive companies — even if those startups don’t make any money yet. Growth investors are competing for these rounds, keeping prices high.
Read on to learn about three funding rounds that I’ve got the goods on and two others that I hear are raising at unicorn valuations…