The US is reviewing Benchmark’s investment into Chinese AI startup Manus 
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The US is reviewing Benchmark’s investment into Chinese AI startup Manus 

Manus AI is one of the hottest AI agent startups around, recently raising $75 million at a half-billion dollar valuation in a round led by Benchmark. But two unnamed sources told Semafor that the investment is now under review by the U.S. Treasury Department over its compliance with 2023 restrictions on investing in Chinese companies. […]Manus AI is one of the hottest AI agent startups around, recently raising $75 million at a half-billion dollar valuation in a round led by Benchmark. But two unnamed sources told Semafor that the investment is now under review by the U.S. Treasury Department over its compliance with 2023 restrictions on investing in Chinese companies.[#item_full_content]

The Department of Labor just dropped its investigation into Scale AI
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The Department of Labor just dropped its investigation into Scale AI

The U.S. Department of Labor has dropped its investigation into Scale AI’s compliance with the Fair Labor Standards Act, according to a source directly familiar with the matter.  The FLSA is a federal law that regulates misclassification of employees as independent contractors and unpaid wages. TechCrunch first reported that Scale was the subject of such […]The U.S. Department of Labor has dropped its investigation into Scale AI’s compliance with the Fair Labor Standards Act, according to a source directly familiar with the matter.  The FLSA is a federal law that regulates misclassification of employees as independent contractors and unpaid wages. TechCrunch first reported that Scale was the subject of such[#item_full_content]

Serena-backed health tech lands first FDA approval for home cervical cancer test
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Serena-backed health tech lands first FDA approval for home cervical cancer test

For the first time, the FDA has just approved a device that lets people screen for cervical cancer from home. Known as the Teal Wand, from the company Teal Health, the prescription device lets patients self-collect samples and mail them to a lab to receive the same testing as would be done at a doctor’s […]For the first time, the FDA has just approved a device that lets people screen for cervical cancer from home. Known as the Teal Wand, from the company Teal Health, the prescription device lets patients self-collect samples and mail them to a lab to receive the same testing as would be done at a doctor’s[#item_full_content]

Startups Weekly: Different paths on the road to liquidity
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Startups Weekly: Different paths on the road to liquidity

Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week was busy for startups: While there were no IPOs of note, there were other exits and even unusual liquidity events, as well as a significant […]Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week was busy for startups: While there were no IPOs of note, there were other exits and even unusual liquidity events, as well as a significant[#item_full_content]

Meta’s speeding up the ‘Mad Men to Math Men’ pipeline
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Meta’s speeding up the ‘Mad Men to Math Men’ pipeline

At Stripe’s Sessions conference this week, Mark Zuckerberg pitched what he calls the “ultimate business machine”: a fully automated, end-to-end AI ad engine promising to replace agencies, creatives, and media buyers with a single black box. You just need to connect your bank account first.  Zuckerberg claims this could be one of the most valuable […]At Stripe’s Sessions conference this week, Mark Zuckerberg pitched what he calls the “ultimate business machine”: a fully automated, end-to-end AI ad engine promising to replace agencies, creatives, and media buyers with a single black box. You just need to connect your bank account first.  Zuckerberg claims this could be one of the most valuable[#item_full_content]

Ex-Synapse CEO reportedly trying to raise $100M for his new humanoid robotics venture
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Ex-Synapse CEO reportedly trying to raise $100M for his new humanoid robotics venture

Sankaet Pathak’s last startup, fintech Synapse, filed for bankruptcy in 2024 amid issues with partner Evolve Bank & Trust. Tens of millions of dollars in deposits made by consumers, mostly customers of fintechs that worked with Synapse, remain unaccounted for. Yet according to The Information, Pathak is reportedly moving full steam ahead on attempts to […]Sankaet Pathak’s last startup, fintech Synapse, filed for bankruptcy in 2024 amid issues with partner Evolve Bank & Trust. Tens of millions of dollars in deposits made by consumers, mostly customers of fintechs that worked with Synapse, remain unaccounted for. Yet according to The Information, Pathak is reportedly moving full steam ahead on attempts to[#item_full_content]

Social media startup Fizz sues Instacart and Partiful for trademark infringement over new Fizz app
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Social media startup Fizz sues Instacart and Partiful for trademark infringement over new Fizz app

Social media startup Fizz is suing grocery delivery giant Instacart and party planning app Partiful for trademark infringement, the company announced on Thursday. Earlier this week, Instacart launched a new drinks and snack delivery app for parties called Fizz and announced that Partiful had integrated Fizz directly into its platform. Founded in 2020, Fizz is a […]Social media startup Fizz is suing grocery delivery giant Instacart and party planning app Partiful for trademark infringement, the company announced on Thursday. Earlier this week, Instacart launched a new drinks and snack delivery app for parties called Fizz and announced that Partiful had integrated Fizz directly into its platform. Founded in 2020, Fizz is a[#item_full_content]

Sequoia leads $1.5B tender offer for sales automation startup Clay
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Sequoia leads $1.5B tender offer for sales automation startup Clay

It took seven years of hard work for Kareem Amin, co-founder and CEO of sales automation startup Clay, to see the company’s product finally take off in 2022. Since then, the startup has experienced explosive growth, reached a valuation exceeding a billion dollars, and expanded its employee count from low double digits to over 200. […]It took seven years of hard work for Kareem Amin, co-founder and CEO of sales automation startup Clay, to see the company’s product finally take off in 2022. Since then, the startup has experienced explosive growth, reached a valuation exceeding a billion dollars, and expanded its employee count from low double digits to over 200.[#item_full_content]

Fastino trains AI models on cheap gaming GPUs and just raised $17.5M led by Khosla
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Fastino trains AI models on cheap gaming GPUs and just raised $17.5M led by Khosla

Tech giants like to boast about trillion-parameter AI models that require massive and expensive GPU clusters. But Fastino is taking a different approach. The Palo Alto-based startup says it’s invented a new kind of AI model architecture that’s intentionally small and task-specific. The models are so small they’re trained with low-end gaming GPUs worth less […]Tech giants like to boast about trillion-parameter AI models that require massive and expensive GPU clusters. But Fastino is taking a different approach. The Palo Alto-based startup says it’s invented a new kind of AI model architecture that’s intentionally small and task-specific. The models are so small they’re trained with low-end gaming GPUs worth less[#item_full_content]

Rove, founded by a 22-year-old, is helping Gen Z earn airline miles without credit cards
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Rove, founded by a 22-year-old, is helping Gen Z earn airline miles without credit cards

During his junior year study abroad, Max Morganroth, traveled to 30 countries, primarily flying in business and first class. His jet setting was funded almost entirely by airline points he collected through strategic credit card applications and miles redemptions. Morganroth told TechCrunch that just about everyone he knew was “begging” him to teach them how […]During his junior year study abroad, Max Morganroth, traveled to 30 countries, primarily flying in business and first class. His jet setting was funded almost entirely by airline points he collected through strategic credit card applications and miles redemptions. Morganroth told TechCrunch that just about everyone he knew was “begging” him to teach them how[#item_full_content]

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