Happy Monday!

San Francisco’s Mist Opportunity is Wooing Tourists With Chilly Weather and more hot AI news: Ilya Sutskever starting new company Safe Superintelligence Inc and Nvidia was the most valuable company for one day and now valued at “only” $3.11 trillion!

💸 My Thoughts on Stablecoin - I spoke with Sonali Basak and Tim Stenovec on "Bloomberg Crypto." last week. Stablecoin is a "super important topic" to the World and the US needs to "get their act together" and catch up to the rest of the world. Watch on Bloomberg.

💰 AI’s $600B Question - Great article on how different players in the ecosystem are capturing value. Microsoft alone likely represented ~22% of Nvidia’s Q4 revenue. OpenAI’s revenue is now $3.4B and has the lion’s share of AI revenue. Declining prices for GPU computing is actually good for long-term innovation and good for startups, but it will cause harm primarily to investors. Read more on Sequoia’s blog.

☁️ Top 10 Most Funded Cloud Infrastructure Startups - Redpoint’s InfraRed honors the top 100 in cloud infrastructure. 50% of the top 10 most funded startups are headquartered in San Francisco. 

1. CoreWeave (New York) raised $11.4B 

2. OpenAI (San Francisco) raised $11.3B 

3. Stripe (San Francisco) raised $9.1B 

4. Anthropic (San Francisco) raised $8.4B 

5. Databricks (San Francisco) raised $4.2B

6. Wiz (New York) raised $1.8B

7. Scale AI (San Francisco) raised $1.6B 

8. Mistral (Paris) raised $1.2B 

9. Arctic Wolf (Eden Prairie, MN) raised $1.1B

10. Snyk (London) raised $1.1B

👩🏻‍⚕️ Ray Kurzweil on how AI will transform the physical world - I am very excited about the AI revolution on medicine. AI precise computer modeling that aids the study of the human body and how drugs work—can quickly assess billions of options to find the most promising medicines. Last summer the first drug designed end-to-end by AI entered phase-2 trials for treating idiopathic pulmonary fibrosis, a lung disease. Dozens of other AI-designed drugs are now entering trials. In all of history until 2022, science had determined the shapes of around 190,000 proteins. That year DeepMind’s AlphaFold 2 discovered over 200M, which have been released free of charge to researchers to help develop new treatments. Read more on the Economist

📊 Read The Ultimate Guide to AI data pipelines and register for MLTwist webinar this week.

This week a total of 19 startups raised $541.3M in funding, 5 M&As:

• $186.5M goes to 8 Enterprise startups

• $75M goes to 2 eCommerce startups

• $4.8M goes to 1 Social Media startup

• $12M goes to 1 Gaming startup

• $1M goes to 1 Marketplace startup

• $190M goes to 1 BioTech startup

• $49M goes to 3 Renewable Energy startups

• $15M goes to 1 Waste Management startup

• $8M goes to 1 Manufacturing startup

If you love this newsletter, forward it to someone who would also enjoy it and have them subscribe.

Edith
X, LinkedIn

Funding (300 miles radius from Silicon Valley)

Enterprise

• Genspark AI (AI-powered search engine) raised $60M Seed led by Lanchi Ventures

• You.com (AI-powered search engine) raised $50M Series B led by Georgian

• Decagon (AI-powered customer service) raised $35M Series A led by Accel

• Factory (software engineering automation) raised $15M Series A led by Sequoia Capital

• Autify (software quality assurance platform) raised $13M Series B led by Globis Capital Partners, LG Technology Ventures

• OrbitShift (AI-powered sales operating system) raised $7M Seed led by Stellaris Venture Partners, Peak XV

• Scoop Analytics (business analytics platform) raised $3.5M Seed led by Ridge Ventures

• Maxim (AI app development) raised $3M Seed led by Elevation Capital

eCommerce

• Daydream (AI-powered search and shopping platform) raised $50M Seed led by Forerunner Ventures, Index Ventures

• Constructor (AI-powered eCommerce search) raised $25M Series B led by Sapphire Ventures

Social Media

• Butterflies AI (social media platform for humans and AIs) raised $4.8M Seed led by Coatue

Gaming

• Mirror World (gaming-focused layer-2 blockchain on Solana) raised $12M Series A led by BITKRAFT Ventures

Marketplace

• Loop Golf (online booking platform for golfers) raised $1M Seed led by Launch

BioTech

• Marea Therapeutics (cardiometabolic disease therapies) raised $190M Series B led by Forbion Capital Partners, Perceptive Advisors, Sofinnova Investments, venBio Partners

Renewable Energy

• Molten Industries (battery supply chain) raised $25M Series A led by Breakthrough Energy Ventures

• Planted Solar (solar power plant deployment) raised $20M Series A from Breakthrough Energy Ventures and Khosla Ventures

• Aikido Technologies (floating wind turbine technology) raised $4M Seed led by Azolla Ventures

Waste Management

• Sewer AI (sewage inspection management platform) raised $15M Series B led by Innovius Capital

Manufacturing

• Maxterial (metallic coating technology platform) raised $8M Series A led by Helios Climate Ventures

IPO & M&A (300 miles radius from Silicon Valley)  

• NVIDIA acquired Shoreline (cloud operations automation)

• OpenAI acquired Rockset (in-app search & analytics)

• Mozilla acquired Anonym (privacy-preserving advertising solutions)

• Nextracker acquired Ojjo (renewable energy) - $119M

• GrubMarket acquired Parsemony (food supply chain software)