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Lightspeed

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EVENT TIMELINE

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STARTUPS · 1 SOURCE · TechCrunch AI

Lightspeed targets $250M for new India early‑stage fund focused on AI

Lightspeed plans to raise a $250 million India-focused early-stage fund, Lightspeed India Partners V, that will concentrate on AI startups across India and Southeast Asia; the fund is roughly half the size of its 2022 predecessor and Lightspeed expects to begin investing within about two months. The firm is also aligning its India fundraising cycle with its global funds and will keep the same India team managing the vehicle.

7.0

STARTUPS · 1 SOURCE · TechCrunch AI

Snorkel AI raises $350M Series E at $3.5B valuation

Snorkel AI raised $350 million in a Series E led by Insight Partners and S32, valuing the company at $3.5 billion — nearly triple its $1.3 billion valuation 17 months earlier. The seven-year-old startup has shifted from labeling software to selling completed datasets and reinforcement-learning environments as data-as-a-service and reports a $375 million annualized revenue run-rate, an 18-fold increase over the past 12 months.

8.0