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Google and Anthropic Back Frontier’s $915 Million Carbon Removal Push
Frontier has raised another $915 million from corporate buyers including Stripe, Google, Shopify, Salesforce, H&M Group, and Anthropic to support permanent carbon removal projects. The new funding doubles the coalition’s total commitment to $1.8 billion, giving emerging carbon removal companies more long-term demand as they move toward commercial scale...
Markets & Trends
Mercury Raises $200M Series D at $5.2B Valuation as Startup Applications...
Mercury has raised $200 million in Series D funding at a $5.2 billion valuation as it pursues a national bank charter and expands its AI-powered financial tools for entrepreneurs. The digital banking platform has been profitable for four consecutive years and now serves more than 300,000 customers across startups, e-commerce, professional services, and other digitally native businesses...
Strategy
Indian Payment Fintech Razorpay Confidentially Files for $600 Million IPO
Razorpay recently filed confidentially for a $600 million initial public offering, aiming to make its stock market debut by the end of the year. As first reported by Reuters, the Indian payments startup later confirmed the filing directly to PYMNTS but declined to disclose its targeted valuation. The public market push follows a 2021 funding round that valued Razorpay at roughly $7.5 billion after it raised $375 million...
Capital & Transactions
Inworld AI Cuts Prices Over 50 Percent to Prevent Consumer Market...
Inworld AI has cut prices by more than 50 percent across most of its voice AI platform, a move aimed at reducing infrastructure costs for consumer AI startups. The reductions cover text-to-speech, speech-to-text, open-source model hosting, and compute as developers face rising inference expenses. The pricing change comes as consumer AI companies try to scale apps built around subscriptions, education, companionship, health, and language learning without letting infrastructure costs consume margins...
Health & Wellness
AI Startup Midjourney Pivots to Healthcare With Custom Ultrasound Hardware
Midjourney is moving beyond generative AI software with plans for a full-body ultrasound device and a new healthcare division called Midjourney Medical. CEO David Holz unveiled the Midjourney Scanner at a San Francisco event, saying the company wants to build a fleet of 50,000 units. The move would take Midjourney from digital subscriptions into regulated medical hardware, spa-like physical locations, and a healthcare market far outside its core image-generation business...
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The Top 50 Generative AI Entrepreneurs of 2025
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The Top 50 Software Entrepreneurs of 2024
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