Tag: Andreessen Horowitz

AIBusinessInvesting

Silicon Valley’s AI Blind Spot Creates Opening for Biology-Focused Investors, Hoffman Says

LinkedIn cofounder Reid Hoffman suggests Silicon Valley’s software obsession has created a significant blind spot in AI investment opportunities. Industry analysts indicate biology and healthcare represent the next frontier where AI could drive transformative breakthroughs.

The Overlooked Frontier

Silicon Valley’s entrenched focus on software has created a substantial blind spot that savvy AI investors could potentially capitalize on, according to reports from recent industry analysis. LinkedIn cofounder Reid Hoffman reportedly identified this gap during a recent podcast appearance, suggesting the technology industry’s “everything should be done in software” mindset has become a limitation rather than an advantage.

by Mason Drayton
BusinessStartups

Global HR Platform Deel Secures $300M in Series E Funding Amid Legal Disputes

Deel has reportedly secured $300 million in Series E funding co-led by prominent venture capital firms. The HR technology company claims profitability and over $1 billion in annual recurring revenue despite ongoing legal challenges with competitor Rippling.

Major Funding Round for Global HR Technology

According to recent reports, Deel has successfully raised $300 million in its latest venture round financing, with the company’s valuation reportedly reaching $17.3 billion. Sources indicate that the Series E round was co-led by prominent fintech investment firm Ribbit Capital and Andreessen Horowitz, with participation from existing investors including Coatue Management and General Catalyst.

by Darren Holt