Happy Monday from the sunny San Francisco!

👨‍💻 Race Capital is Hiring Engineers - We're looking for a technical associate to join our investment team at Race Capital to help us source and invest in the next greatest infrastructure & enterprise startups similar to our portfolio companies Databricks, Vectara, Play, Scarf, and others. Help me spread the word.

💰Tech Donors See Kamala Harris as One of Them. But That Doesn’t Mean They’ll Give Her Money - Harris could provide a much-needed “reset” between Silicon Valley and the Democratic Party.  The tech community is unsure which version of Harris is going to show up, if she defeats Trump, in the White House. Will she boost high-skilled immigration, rollback Biden’s plan to tax unrealized capital gains or support regulatory clarity on artificial intelligence and cryptocurrency? Read on Politico

₿ Trump Wants to Court Crypto People and Fire Gary Gensler -  Trump is calling Crypto “the steel industry of 100 years ago” and wants to turn the US into the “crypto capital of the planet”.   The crowd cheered while he vowed to fire SEC Chairman Gary Gensler twice.  Watch on Forbes.

🔎 OpenAI Enters Google-Dominated Search Market - Check out SearchGPT Read on Verge.

🤼‍♂️ David Sacks vs Paul Graham - Paul Graham, the co-founder Y Combinator, called David Sacks, GP of Craft Ventures and co-host of the All-In Podcast, “evil” and started an “X war” everyone in Silicon Valley is chiming in on. All this bickering and finger pointing is turning Silicon Valley into a Hollywood soap opera.

This week a total of 19 startups raised $860M in funding, 0 M&As:

• $232.4M goes to 7 Enterprise startups

• $5M goes to 1 FinTech startup

• $60M goes to 1 InsurTech startup

• $100M goes to 1 LegalTech startup

• $15M goes to 1 Web3 startup

• $11M goes to 1 EdTech startup

• $7M goes to 1 Healthcare startup

• $30M goes to 1 BioTech startup

• $50M goes to 1 Robotics startup

• $133M goes to 1 AgTech startup

• $200M goes to 1 Satellite Communication startup

• $6.6M goes to 1 Manufacturing startup

• $10M goes to 1 Other startup

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Edith
X, LinkedIn

Funding (300 miles radius from Silicon Valley)

Enterprise

• Vanta (compliance management platform) raised $150M Series C led by Sequoia Capital

• Level AI (LLM-native customer experience) raised $39.4M Series C led by Adams Street Partners

• Lakera AI (GenAI security platform) raised $20M Series A led by Atomico VC

• Momentum (customer intelligence platform) raised $13M Series A led by FirstMark Capital

• Rift (sales platform) raised $5M Seed led by Sequoia Capital

• Noded AI (productivity workspace platform) raised $4M Seed led by Boldstart Ventures

• Ely Analytics (marketing analytics) raised $1M Seed led by AltaR Capital, PTV Ventures

FinTech

• Powder (AI agents for wealth management systems) raised $5M Seed from YCombinator, General Catalyst, etc

InsurTech

• Cowbell (cyber insurance for SMEs) raised $60M Series C led by Zurich Insurance Group

LegalTech

• Harvey (legal AI platform) raised $100M Series C led by Google Ventures

Web3

• Caldera (rollup-as-a-service platform for Ethereum) raised $15M Series A led by Founders Fund

EdTech

• Uplimit (AI enterprise learning platform) raised $11M Series A led by Salesforce Ventures

Healthcare

• Sound Health (wearable device for nasal congestion) raised $7M Seed led by J4 Ventures, Moai Capital

BioTech

• ReviR Therapeutics (small molecule therapeutics) raised $30M Series A led by Lapam Capital

Robotics

• Mytra (warehouse robotics automation) raised $50M Series B led by Greenoaks

AgTech

• Monarch Tractor (smart tractor) raised $133M Series C led by Astanor Ventures, HH-CTBC Partnership

Satellite Communication

• Astranis (next-gen telecommunications satellites) raised $200M Series D led by Andreessen Horowitz, BAM Elevate

Manufacturing

• SirenOpt (manufacturing intelligence platform) raised $6.6M Seed led by Tomorrow VC, Voyager Ventures

Other

• Joy (parenting tech platform) raised $10M Seed led by Forerunner

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

• N/A