Digital banking startup Mercury has raised $300 million in primary and secondary funding at a $3.5 billion post-money valuation, the company confirmed to TechCrunch on Wednesday. The valuation is more than double the startup’s valuation when it last raised capital — a $120 million Series B round in 2021 that valued the company at $1.62…
Category: Sequoia
Global IT News, Global Security News, Government & Policy, Policy, Sequoia, Venture
Sequoia shutters D.C. office, lets go of policy team
Sequoia will shutter its D.C. office as well as part ways with the policy team there at the end of March, TechCrunch has confirmed. The news comes — and is somewhat in contrast — with the other prominent VC firms in Silicon Valley strengthening their ties with Capitol Hill and the new Trump administration. Andreessen…
defense technology, Exclusive, Global IT News, Global Security News, mach, Sequoia, Startups, TC
Mach Industries, founded by 21-year-old Ethan Thornton, lands US Army contract, builds weapons factory
Sequoia-backed Mach Industries, the defense tech founded by 21-year-old Ethan Thornton, landed a contract with the U.S. Army and has plans for its first factory, Thornton told TechCrunch. The factory will be 115,000 square feet in Huntington Beach, California, where Mach’s headquarters is located, CEO Thorton said. While that sounds like an expensive zip code…
Global IT News, Global Security News, Sequoia, SPVs, TC, Venture
Sequoia’s Roelof Botha warns ‘chumps’ not to buy into SPVs
Sequoia’s Roelof Botha apparently sees another greed cycle brewing in venture capital where the least sophisticated investors could get hurt. © 2024 TechCrunch. All rights reserved. For personal use only.
AI, Global IT News, Global Security News, openai, sam altman, Sequoia, TC, Venture
Sam Altman once owned some equity in OpenAI through Sequoia
OpenAI CEO Sam Altman sat before Congress in 2023 to testify about the dangers of AI. He told American lawmakers at the time that he owns no equity in OpenAI, something he’s said many times, claiming he just runs the company because he loves it. However, Altman recently said he actually did have some equity…