Kate Clark

New York

Senior Reporter at Bloomberg News

Following the money. Reporter @Bloomberg @Technology. Signal: kateclark.77

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Articles

AI Search Startup Perplexity Nears Funding at $14 Billion Value

2 days ago | bloomberg.com | Kate Clark |Shirin Ghaffary

Perplexity AI Inc., a startup building an artificial intelligence search engine to compete with Google, is in advanced discussions to raise a new round of funding at a $14 billion valuation — a jump from its most recent value but lower than it was initially targeting. Accel Partners is in talks to lead a $500 million investment in the startup, according to people familiar with the matter, who spoke on condition of anonymity to discuss private deliberations.
Lightspeed Is Latest Firm to Shift Away From Classic VC Model

1 week ago | bloomberg.com | Kate Clark

Ravi Mhatre, founder and managing director of Lightspeed Venture Partners(Bloomberg) -- Lightspeed Venture Partners, one of Silicon Valley’s largest venture capital firms, has changed its regulatory status to broaden its range of investments — following similar moves by Sequoia Capital, Andreessen Horowitz and General Catalyst as they shift away from the traditional VC playbook.
Deel Sues Rippling for Defamation, Escalates Silicon Valley Feud

2 weeks ago | bloomberg.com | Kate Clark

(Bloomberg) -- Deel Inc., a $12 billion Silicon Valley startup, is escalating a bitter legal fight with its top rival in the market for human resources and payroll software. The company has filed a defamation lawsuit in Delaware state court against People Center Inc.’s Rippling for allegedly spreading lies about Deel to undermine its business. Rippling accused Deel last month in a separate suit in California of corporate espionage and misappropriation of trade secrets.
OpenAI estaría en conversaciones para comprar Windsurf por cerca de US$3.000 millones

4 weeks ago | bloomberg.com | Rachel Metz |Kate Clark |Shirin Ghaffary

OpenAI estaría en conversaciones para adquirir Windsurf, una herramienta de codificación asistida por inteligencia artificial antes conocida como Codeium, por alrededor de US$3.000 millones, según una persona familiarizada con el asunto.
Investor Anxiety Over Tariffs and Fraud May Slow AI Funding Boom

1 month ago | bloomberg.com | Kate Clark

Venture capitalists are starting to grapple with a more volatile stock market and the potential risks of hasty bets on AI. But first…Three things to know:
Deel’s Communications Chief Resigns as Rippling Spying Scandal Escalates

1 month ago | bloomberg.com | Kate Clark

The $12 billion HR startup has been accused of corporate espionage by a competitor. Deel, the human resources startup valued by venture capital investors at $12 billion, has lost its head of communications as the company finds itself embroiled in a corporate espionage scandal implicating its chief executive officer.
Rippling, at Center of Spy Drama, in Early Talks for $16 Billion Valuation

1 month ago | bloomberg.com | Gillian Tan |Kate Clark |Katie Roof

The startup is discussing a new funding round that would bring in hundreds of millions from investors. Rippling, the business software company at the center of a theatrical Silicon Valley espionage drama, is in early talks to raise hundreds of millions of dollars at a valuation of about $16 billion, according to people familiar with the matter.
AI Video Startup Runway Valued at $3 Billion in Funding Round

1 month ago | bloomberg.com | Rachel Metz |Shirin Ghaffary |Kate Clark

Runway AI Inc. has raised $308 million in a new round of funding that more than doubles the company’s valuation — a sign of investor enthusiasm for startups building artificial intelligence software that can generate videos. The deal, which is set to be announced Thursday, pushes Runway’s value to just over $3 billion, according to people familiar with the matter who asked not to be named because the information is private.
Scale AI Expects to More Than Double Sales to $2 Billion in 2025

1 month ago | bloomberg.com | Kate Clark |Katie Roof

Startup generated revenue of about $870 million last year. Scale AI, a startup that helps companies develop artificial intelligence applications, expects to more than double revenue this year and is in talks for a tender offer that would value the company at $25 billion, according to people familiar with the matter. The company generated about $870 million in revenue in 2024, with its annualized run rate reaching $1.5 billion by the end of the year, according to one of the people.
OpenAI fica perto de fechar rodada de financiamento de US$ 40 bi

1 month ago | bloomberg.com | Kate Clark |Katie Roof |Shirin Ghaffary |Gillian Tan

A OpenAI está perto de finalizar uma rodada de financiamento de US$ 40 bilhões liderada pelo SoftBank Group — com investidores como o Magnetar Capital, Coatue Management, Founders Fund e Altimeter Capital Management em negociações para participar, de acordo com pessoas familiarizadas com o assunto.