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Mastercard buying a startup, Air Doctor raises $20M, and a16z invests in aeronautics startup 🚀

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The Venture
October 02, 2024

Happy Wednesday folks and welcome back The Venture. Let’s dive right in with out top stories today 👇

Exclusive: Palmer Luckey tried to crush aeronautics startup Salient Motion. But Anduril backer a16z invested.

Anduril sued defense tech startup Salient Motion. It still raised $12 million with participation from Anduril investor a16z.

techcrunch.com/2024/10/01/palmer-luckey-tried-to-crush-aeronautics-startup-salient-motion-but-anduril-backer-a16z-invested

Y Combinator is being criticized after it backed an AI startup that admits it basically cloned another AI startup | TechCrunch

A Y Combinator startup named PearAI launched with a tweet thread and YouTube video on Saturday and caused an immediate backlash.

techcrunch.com/2024/09/30/y-combinator-is-being-criticized-after-it-backed-an-ai-startup-that-admits-it-basically-cloned-another-ai-startup

Invesco raises its valuation of Swiggy to $13.3B | TechCrunch

Invesco has raised the value of its stake in Swiggy, ascribing an implied valuation of about $13.3 billion to the Indian food delivery startup.

techcrunch.com/2024/10/01/swiggy-valuation-ipo-invesco

Eon emerges from stealth with $127M to bring a fresh approach to backing up cloud infrastructure | TechCrunch

A team of founders who sold their last company to Amazon to build a new unit within AWS is setting out to reinvent the tricky business of backing up

techcrunch.com/2024/10/01/eon-emerges-from-stealth-with-127m-to-bring-a-fresh-approach-to-back-up-cloud-infrastructure

Air Doctor raises $20M to plug a gap in how people find doctors when they’re traveling | TechCrunch

Air Doctor's platform helps travelers find doctors in other countries, and it has now raised $20 million in a Series B round after seeing strong traction. 

techcrunch.com/2024/10/01/air-doctor-raised-20m-to-plug-a-gap-in-how-people-find-doctors-when-theyre-travelling

Mastercard to buy Swedish startup that makes it easier to manage and cancel subscription plans

The payments giant touted the deal as a way to help consumers with a key pain point — managing the myriad subscription services that exist today.

www.cnbc.com/2024/10/01/mastercard-to-buy-subscription-management-startup-minna-technologies.html