Rosie Bradbury

5 days ago | pitchbook.com | Rosie Bradbury

Brookfield Asset Management‘s former head of venture investing, Josh Raffaelli, has accused the firm in a new lawsuit of misleading LPs, backtracking on capital commitments and putting its venture strategy “out to pasture.”The suit, which also accuses Brookfield of wrongful termination, offers a rare public glimpse into a senior investor’s dispute with a former employer.

5 days ago | pitchbook.com | Rosie Bradbury

Andreessen Horowitz‘s Marc Andreessen ruffled feathers last week when he claimed that the early-stage VC will be one of the last jobs not done by AI agents. “There’s an intangibility to it, there’s a taste aspect, the human relationship aspect, the psychology [...] and when the AIs are doing everything else, that may be one of the last remaining fields that people are still doing,” he said. Putting aside the obvious self-importance and major holes in his argument, is he right?

1 week ago | pitchbook.com | Rosie Bradbury

Anysphere, creator of “vibe coding” software Cursor, has been doubling its valuation every eight weeks since last August as VCs clamber for a spot in its cap table. The company just closed its latest round, a $900 million Series C at a $9 billion valuation led by Thrive Capital, the Financial Times reported Sunday. The financing more than triples its last valuation, set in January at $2.5 billion, and is more than 20 times its Series A valuation in August.

1 week ago | pitchbook.com | Rosie Bradbury

JetBlue has sold off its corporate venture arm, JetBlue Ventures, to asset manager Sky Leasing, the company told PitchBook exclusively. The sale, which frees up the company’s financial resources, is largely driven by JetBlue’s effort to focus on core airline operations in its bid to return to a profit. Under the Sky umbrella, it will be able to court new LPs for the first time, said JetBlue Ventures President Amy Burr.

2 weeks ago | pitchbook.com | Rosie Bradbury

Deel has finally broken its silence over Rippling‘s claims of trade secrets theft, filing a civil lawsuit in Delaware court on Friday and two motions to dismiss its rival’s legal claims in California. Intensifying the legal melodrama, Deel is hitting back with its own accusations, teeing up what could be the latest Silicon Valley battle between high-profile rivals.