February 16, 2024

Foundry is shutting down in slow motion

31 minutes

On today's news round up, Alex, Mary Ann and Karyne are looking at:

Deals of the Week: Rasa’s $30 million Series C had our tongues wagging. The startup is building finservice-focused conversational AI tools. Karyne wanted to talk about the latest round at the intersection of AI and crypto, while Alex wanted to riff on Hippo Harvest’s $21 million round for indoor robot farming.

Venture capital’s year of transition: After OpenView called it quits, and Countdown Capital returned funds to LPs it became clear that venture is evolving. New news that Foundry is not going to raise another fund after its current $500 million vehicle added another name to our roster of venture firms that are taking a different direction in the future.

YC’s new call for startups: Well-known startup accelerator Y Combinator has a new request for startup list. Given the weight that YC carries in startup-land, we had to dig into what it’s proposing. Though we’re a little skeptical of the near-term impact of spatial computing, the other updates made good sense to our minds.

We’ll be back on Monday!

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Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

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