Snowflake to acquire database startup Crunchy Data

June 2, 2025
The surge in data company acquisitions continued Monday with Snowflake’s purchase of Crunchy Data. Cloud data platform Snowflake announced its intent to acquire Crunchy Data, a Postgres database partner, late this afternoon. A source familiar with the matter estimated the deal to be worth around $250 million. The terms weren’t disclosed. Snowflake declined to comment […]

Chatbot platform Character.AI unveils video generation, social feeds

June 2, 2025
A platform for chatting and roleplaying with AI-generated characters, Character.AI announced on Monday that it is rolling out a slate of multimedia features. These features include AvatarFX, Character.AI’s video-generation model, plus Scenes and Streams, which allow users to use these AI tools to create videos using their characters and then share them on a new […]

Elon Musk’s Neuralink closes a $650M Series E

June 2, 2025
Elon Musk’s brain computer interface startup Neuralink closed a $650 million funding round, the company announced in a blog post on Monday. The Series E fundraise included investors such as ARK Invest, Founders Fund, Sequoia Capital, and Thrive Capital, among others. Neuralink last raised a $280 million Series D funding round in 2023, with an […]

Salesforce buys Moonhub, a startup building AI tools for hiring

June 2, 2025
Salesforce has quietly snapped up Moonhub, a startup building AI to vet and hire talent. The terms of the deal weren’t disclosed. In a post on Moonhub’s website on Monday, the company said that its entire Menlo Park, California-based team will be joining Salesforce, an early investor in Moonhub. “As a customer and investor, Salesforce […]

Chime, last valued at $25B, aims for $11B in upcoming IPO

June 2, 2025
Chime, whose pending IPO is expected to be one of 2025’s blockbuster hits, issued a share price range on Monday of $24 to $26. That’s an up-to-$11.2-billion market cap. At the mid-range, the company will raise $800 million for itself and a handful of investors, including European VC powerhouse Cathay Innovation, who plan to sell […]