Welcome to Startups Weekly \u2014 your weekly recap of everything you can\u2019t miss from the world of startups. Want it in your inbox every Friday? <\/em>Sign up here<\/em><\/a>.<\/em><\/p>\n From acquiring stealth startups to larger ones, and from funding Series A to Series G rounds, buyers and investors made for a busy news cycle.<\/p>\n This week must have seemed like the perfect time for companies to announce their latest startup acquisitions. <\/p>\n Unlocked: <\/strong>Israeli phone unlocking firm Cellebrite acquired mobile testing startup Corellium for $170 million<\/a> in cash, with $20 million converted to equity at closing.\u00a0<\/p>\n Sought and found: <\/strong>IBM acquired Seek AI<\/a>, an AI platform that lets users ask questions about enterprise data using natural language. Its technology is set to become a key part of Watsonx AI Labs, IBM\u2019s new NYC-based AI accelerator.<\/p>\n Data access: <\/strong>Data governance platform Collibra acquired Raito<\/a>, a startup that had raised $4 million to date to help companies manage which employees and customers have access to internal data. Both Collibra and Raito are based in Brussels.<\/p>\n Challenger: <\/strong>AMD acquired Brium<\/a>, a stealth startup focusing on AI software optimization, in a deal that appears intended to challenge Nvidia\u2019s AI hardware dominance.<\/p>\n Crunchy: <\/strong>Snowflake disclosed it plans to buy Crunchy Data<\/a>, a startup that helps companies build with Postgres. The cloud data platform company declined to comment on the deal\u2019s valuation, but a source estimated it at around $250 million.\u00a0<\/strong><\/p>\n No more pesto: <\/strong>Data-labeling startup Scale AI hired the team behind Pesto AI<\/a>, which is shutting down after raising more than $8 million to help companies recruit developers remotely.<\/p>\n Hmm<\/strong>: Airtime, the video startup from Evernote\u2019s founder Phil Libin, laid off dozens of employees<\/a>, who won\u2019t be invited to stay for the next \u201cseason.\u201d The company, formerly known as mmhmm, raised nearly $135 million in venture funding across multiple early-stage rounds.<\/p>\n Ouch: <\/strong>Indian grocery startup KiranaPro confirmed that it was hacked last May. All of its data was wiped<\/a> in the attack.<\/p>\n The legal battle continues<\/strong>: HR tech startup Deel accused rival Rippling<\/a> of hiring an employee who spent six months impersonating a customer, but Rippling also issued an amended complaint<\/a> regarding its corporate spying accusations against Deel.<\/p>\n Money once again flew uphill this week, but some funding also went to startups that hope to challenge market leaders, expand internationally, and make roads safer.<\/p>\n Lucky Luckey:<\/strong> Defense tech startup Anduril raised a gigantic $2.5 billion Series G round<\/a>, including a $1 billion investment from Founders Fund, doubling the company\u2019s valuation to $30.5 billion in the process.<\/p>\n Moving the cursor:<\/strong> Anysphere, the maker of AI coding assistant Cursor, has raised $900 million at a $9.9 billion valuation<\/a>. Sources said the company has surpassed $500 million in annual recurring revenue.<\/p>\n Brain chips:<\/strong> Neuralink, Elon Musk\u2019s brain computer interface startup, secured a $650 million Series E<\/a>, reportedly at a pre-money valuation around $9 billion.<\/p>\n Insured: <\/strong>Bolttech, a Singapore-based insurtech company specializing in embedded insurance, completed a $147 million Series C<\/a> at a $2.1 billion valuation.\u00a0<\/p>\n APUs vs. GPUs: <\/strong>Speedata, an Israeli chip startup competing with Nvidia, raised a $44 million Series B<\/a>. The company is developing an analytics processing unit (APU) to accelerate AI and data workloads, which it will showcase later this month.<\/p>\n From Ireland to Japan:<\/strong> Irish fintech startup Nomupay locked in a $40 million Series C<\/a> from SB Payment Service (SBPS), a subsidiary of Japanese telco giant SoftBank Corp. It will use the capital on expanding its reach in key regions, including Asia, as well as on acquisitions.<\/p>\n Drive with care: <\/strong>Obvio, a startup using AI and cameras installed on stop signs to detect unsafe driving, raised a $22 million Series A<\/a> led by Bain Capital Ventures.<\/p>\n Richest slice: <\/strong>Between February and May of this year, North American AI startups attracted $69.7 billion in venture capital<\/a> across 1,528 deals, far exceeding Europe\u2019s $6.4 billion (742 deals) and Asia\u2019s $3 billion (515 deals), according to PitchBook data.<\/p>\n Elad Gil began investing in AI startups like Perplexity and Harvey well before most VCs recognized the trend. Now he\u2019s placing bets on traditional businesses that AI can help reinvent<\/a> and make more lucrative.<\/p>\n<\/div>\nMost interesting startup stories from the week<\/strong><\/h2>\n
Most interesting VC and funding news this week<\/strong><\/h2>\n
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Last but not least<\/strong><\/h2>\n
![\"Elad](\"https:\/\/techcrunch.com\/wp-content\/uploads\/2025\/06\/Screenshot-2025-06-01-at-11.23.09AM.png?w=680\")