Clio’s $500M milestone arrives just as Anthropic ups the ante; plus, Anduril raises $5B, doubles valuation to $61B

Snap alums unveil Ghost Angels fund; Defense tech darling Mach Industries hits $1.8B valuation

A group of 20 Snap alumni has come together to launch a fund called Ghost Angels to back the next generation of social media. Also, in a wild ride for 22-year-old founder and CEO Ethan Thornton, Mach Industries has raised another $300 million. It already has five autonomous vehicles in development and completed a major acquisition. Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

This chip startup just raised $135M on a bet that AI’s biggest bottleneck isn’t compute — it’s memory; plus, Glean’s top line crosses $300M as AI budget-cutting becomes its major selling point

South Korean chip startup Xcena is betting that AI's real bottleneck is not compute, but memory. Also, the enterprise AI search startup tripled its annual revenue even as tech giants entered the category. Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

Corgi doubled in value in 3 weeks; plus, Anthropic raises $65 Billion, nears $1T valuation ahead of IPO

Insurance tech Corgi announced today an $106 million Series B1 raise, valuing the company at $2.6 billion, just three weeks after announcing a $160 million Series B. Also, Anthropic has closed a $65 billion Series H round at a $965 billion post-money valuation, marking what could be the AI startup's final private fundraise before a highly anticipated IPO. Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

SOND, a sleep tech startup, exits stealth with $7M; plus, Airbnb-backed WeRoad raises $58M

SOND, a startup led by Bose’s former head of sleep products, emerged from stealth with $7M in funding for its AI-powered sleep earbuds. Also, WeRoad, the Milan-based group travel startup, has raised a $58 million Series C round led by Airbnb as it prepares for its first major expansion outside Europe Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]

Amazon fulfillment competitor Stord raises $250M at $3B valuation; OpenRouter more than doubles valuation to $1.3B in a year

Stord offers a network of physical warehouses and inventory management software for e-commerce. It bills itself as a sort of anti-Amazon, giving brands "the speed to compete" while still owning their customer relationships. Also, OpenRouter has raised a $113 million Series B led by CapitalG. Its 5x growth in usage over six months indicates the multi-AI-model future is here. Learn more about your ad choices. Visit podcastchoices.com/adchoices [https://podcastchoices.com/adchoices]