Jasper Health, backed by General Catalyst, reduces its workforce through layoffs

Jasper Health, a startup focused on cancer care platforms, recently underwent significant layoffs, impacting several departments including engineering and product design. While the exact number of employees affected remains unconfirmed, reports suggest it could be approximately half of Jasper Health’s relatively small team, which previously consisted of around 48 employees. Devamını Oku

Venture capitalists are selling shares of prominent AI companies like Anthropic and xAI to small investors through a bustling SPV market

Venture capitalists are eagerly seeking opportunities to invest in high-potential AI companies, often willing to pay substantial premiums for shares. Despite this enthusiasm, many VCs struggle to secure positions in these highly sought-after deals. In contrast, smaller, lesser-known investors, such as family offices and high-net-worth individuals, have discovered an alternative route to acquire shares in top private AI startups like Anthropic, Groq, OpenAI, Perplexity, and Elon Musk’s X.ai (makers of Grok). Devamını Oku

Startup neobank Mercury is challenging Brex and Ramp with its new bill pay and spend management software

Digital banking startup Mercury is enhancing its bank accounts with additional software capabilities, enabling its business customers to manage various financial tasks such as bill payments, invoicing, and employee reimbursements. This strategic move places Mercury in closer competition with rivals like Brex and Ramp, both of which have been vying for market dominance in the competitive fintech landscape. Devamını Oku