AI Insider·
Ian Crosby, the founder ousted from collapsed accounting startup Bench, has raised $10 million in seed funding for a new venture called Synthetic, which aims to build a fully autonomous AI bookkeeper capable of generating accrual-based financials without human involvement. The round was led by Khosla Ventures, with participation from Basis Set Ventures and Shopify […]
Read full articleHYPE token gained 7% over 24 hours following the launch of a synthetic SpaceX pre-IPO perpetual contract on Hyperliquid, valuing the private aerospace company at $1.78 trillion.
Crosby is building Synthetic, a fully autonomous AI bookkeeping service for other startups.
The April rankings of busiest startup investors were topped by well-established VCs such as Andreessen Horowitz and Khosla Ventures, tech giants like Google and Amazon, and a few names that don’t commonly show up in the lists.
Insider Brief PRESS RELEASE — Exaforce, the pioneer in agentic security operations, has announced a $125 million Series B financing round, one of the largest ever in the emerging AI SOC space. The round includes participation from HarbourVest, Peak XV, Mayfield, Khosla Ventures, Seligman Ventures and AICONIC. The new capital will help Exaforce scale its AI-native security […]
Basata has raised $21 million in a Series A led by Lan Xuezhao of Basis Set Ventures, with participation from Cowboy Ventures’ Aileen Lee and Sofeon, to scale its AI-powered referral management platform for specialist medical practices. Total funding stands at $24.5 million. Founded by CEO Kaled Alhanafi, a former Lyft and Cruise executive, president […]
RingCentral has expanded its AI Receptionist product with new links to Shopify, Calendly and WhatsApp, as the communications software company tries to push the product beyond basic call answering and into more routine customer service tasks. The company said AI Receptionist, known as AIR, can now handle some order enquiries through Shopify, arrange appointments through […] The post RingCentral adds Shopify, Calendly, and WhatsApp to AI Receptionist appeared first on AI News.
Parallel Web Systems, the AI agent research platform founded by former Twitter CEO Parag Agrawal, has raised a $100 million Series B at a $2 billion valuation, led by Sequoia. Existing backers including Kleiner Perkins, Index Ventures, Khosla Ventures, and First Round Capital also participated, bringing total capital raised to $230 million. The round arrives […]
Agentic AI has emerged as the software industry’s latest shiny thing. Beyond smarter chatbots, AI agents operate with increasing autonomy, making them poised to drive efficiency gains across enterprises. “Agentic refers to AI systems that can take actions on behalf of users, not just generate text or answer questions,” says Andrew McNamara, director of applied machine learning at Shopify. Agentic systems run continuously until a task is complete, he adds, citing Shopify’s Sidekick, a proactive agent for merchants. Development of agentic AI now spans many business domains. According to Anthropic, a provider of large language models (LLMs), AI agents are most commonly deployed in software engineering, accounting for roughly half of use cases, followed by back-office automation, marketing, sales, finance, and data analysis. “A concrete example is in IT incident resolution,” says Heath Ramsey, group VP of AI platform outbound product management at ServiceNow. In this context, AI agents sur
