Elon Musk’s Neuralink closes a $650M Series E

Elon Musk’s brain computer interface startup Neuralink closed a $650 million funding round, the company announced in a blog post on Monday. The Series E fundraise included investors such as ARK Invest, Founders Fund, Sequoia Capital, and Thrive Capital, among others. Neuralink last raised a $280 million Series D funding round in 2023, with an…

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Snowflake to acquire database startup Crunchy Data

The surge in data company acquisitions continued Monday with Snowflake’s purchase of Crunchy Data. Cloud data platform Snowflake announced its intent to acquire Crunchy Data, a Postgres database partner, late this afternoon. A source familiar with the matter estimated the deal to be worth around $250 million. The terms weren’t disclosed. Snowflake declined to comment…

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Former DreamWorks CEO Jeffrey Katzenberg co-leads $15.5M Series A for AI video ad platform

DreamWorks co-founder Jeffrey Katzenberg’s venture fund WndrCo co-led a $15.5 million Series A round for Creatify, an AI video ad platform. Creatify’s AdMax platform uses AI to quickly generate dozens of video advertisements, which are geared toward social media marketing — AdMax analyzes high-performing social video campaigns on apps like TikTok and Instagram to shape…

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