Snap says its $400M deal with Perplexity ‘amicably ended’
The deal, announced last November, would have seen Perplexity's AI search engine integrated directly into Snapchat.
Crunchbase AI News·
More than half of seed dollars last year went into deals of $10 million or above. At the same time, deal counts for seed-stage startups have fallen since the 2021-2022 peak, as has funding going into rounds below $10 million, Crunchbase data shows.
Read full articleThe deal, announced last November, would have seen Perplexity's AI search engine integrated directly into Snapchat.
In 2025, the Bay Area expanded its dominance of U.S. seed funding — capturing a growing share of both deals and dollars — even as most startups remained geographically dispersed, an analysis of Crunchbase data shows, resulting in a more bifurcated landscape.
Venture funding of AI companies in 2026 will easily smash funding records set in 2025, with some heavy deals already consummated in the first quarter, according to market researchers. Data from Crunchbase shows that $300 billion poured into 6,000 startups worldwide during the first quarter of 2026. That’s a quarterly record for venture funding in AI companies, a Crunchbase news report said. A study from S&P Global measured generative AI funding reaching over $140 billion in the first quarter of 2026, outpacing all of 2025, according to a story published on the company’s website. Amid economic concerns, inflation, and the war in Iran, there were fewer deals overall, but the funding rounds were large in scope compared to any made in 2025. X.AI, for example, kicked off 2026 with a series-E round of $20 billion. OpenAI received $122 billion in a massive funding round in March, with a valuation of $852 billion. Anthropic received $30 billion in one round of funding that valued the company a
The vendor’s goal is achieving superintelligence.
Companies redraw $135bn alliance as ChatGPT maker seeks greater independence to increase revenues
Insider Brief Humble has emerged from stealth with a fully autonomous, cabless electric freight vehicle and raised $24 million in seed funding led by Eclipse, with participation from Energy Impact Partners and others, as it looks to bring automation deeper into logistics operations. The San Francisco-based startup said its first product, the Humble Hauler, is […]
Insider Brief PRESS RELEASE — ActionAI, a Reliable AI company powering mission-critical automations and business intelligence for enterprises, announced $10 million in Seed funding. The round was led by prominent UAE-based investors. Founded by Miriam Haart, a Stanford educated engineer, Computer Science lecturer, and star of Netflix hit series My Unorthodox Life, ActionAI will use the funding to scale safe, […]
A total of 37 companies joined The Crunchbase Unicorn Board in March, the highest monthly count in close to four years, Crunchbase data shows. The robotics sector led unicorn creation last month, with six new billion-dollar startups.