Nexus isn’t going all in on AI, keeping half of its new $700M fund for India startups; plus, Amazon hopes to jump-start its AI coding tool Kiro by giving it away to startups
Nexus Venture Partners manages $3.2 billion in capital across its funds and has invested in more than 130 companies over the years.
Also, can Kiro win the hearts of startup founders above the many AI coding tools they already have? Amazon hopes a free year will tempt them.
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VCs deploy ‘kingmaking’ strategy to crown AI winners in their infancy
While VCs have long used big investments to spur category winners, they are taking this strategy to new extremes.
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Microreactor startup Antares raises $96M for land, sea, and space-based nuclear power; plus Kalshi raises $1B at $11B valuation
Antares is designing and building small modular reactors that it plans to deploy for commercial, space, and defense applications.
The latest funding comes less than two months after Kalshi announced that it raised $300 million at a $5 billion valuation.
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Titan OS raises $58 million from Highland Europe for its smart TV OS; also, Paris-based AI voice startup Gradium nabs $70M seed
Titan OS aims to expand its independent TV operating system in Europe and Latin America.
Gradium, a startup spawned out of French AI lab Kyutai (backed by French telecom billionaire Xavier Niel), launched out of stealth on Tuesday.
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Black Forest Labs raises $300M at $3.25B valuation; plus, OpenAI’s investment into Thrive Holdings is its latest circular deal
The round was co-led by Salesforce Ventures and Anjney Midha (AMP), and saw participation from a16z, NVIDIA, Northzone, Creandum, Earlybird VC, BroadLight Capital, General Catalyst, Temasek, Bain Capital Ventures, Air Street Capital, Visionaries Club, Canva and Figma Ventures.
Also, analysts will be watching to see if Thrive-owned firms actually succeed in building long-term profitable businesses using OpenAI’s tech, or if the result is really just pumped up valuations based on speculative market potential.
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