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Founders Fund

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2

STARTUPS · 1 SOURCE · WIRED AI

OpenAI Startup Fund and Founders Fund back Coherence Neuro with $45M seed to develop brain implant for detecting/treating cancer

OpenAI’s venture arm (the OpenAI Startup Fund) and Peter Thiel’s Founders Fund are part of a $45 million seed round for Coherence Neuro, a startup building an implant that records and stimulates brain signals to detect and potentially treat tumors. Coherence has done brief intraoperative recordings in a small number of patients, plans longer implants and clinical trials for glioblastoma, and says OpenAI will not have access to its brain or health data.

7.0

COMPANIES · 1 SOURCE · TechCrunch AI

Crusoe raises $3.9B Series F to accelerate modular 'Spark' AI data centers

Crusoe said it raised $3.9 billion in a Series F round that values the company at $30.9 billion, with the round co-led by Atreides Management, Mubadala Capital and Valor Equity Partners. The capital will fund existing data center projects (including an Abilene, Texas site used by OpenAI) and production of truck-transportable modular 'Spark' AI data centers; Crusoe leases space to customers who bring GPUs, rents its own GPUs, and sells inference compute. The company added three board members, including JB Straubel, and has been linked to a reported $13 billion GPU contract with Jane Street and IPO talks with Goldman Sachs and Morgan Stanley.

8.0