The Venture August 03, 2024
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We’re the newsletter tracking venture deals, startup news, and acquisitions within the tech industry. Got a suggestion, let us know 🤝
Edition #1
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Canva acquires Leonardo.ai to boost its generative AI efforts | TechCrunch
Canva has acquired Leonardo.ai, a generative AI art content and research startup, for an undisclosed amount.
techcrunch.com/2024/07/29/canva-acquires-leonardo-ai-to-boost-its-generative-ai-efforts
Reddit Acquires Creative Intelligence Platform, Memorable AI to Further Enhance Advertiser Performance - Upvoted
www.redditinc.com/blog/reddit-acquires-creative-intelligence-platform-memorable-ai-to-further-enhance-advertiser-performance
Google’s hiring of Character.AI’s founders is the latest sign that part of the AI startup world is starting to implode
Google's acquihire deal with Character AI is the third for Big Tech in six months, after Microsoft's agreement with Inflection and Amazon's deal with Adept.
fortune.com/2024/08/02/google-character-ai-founders-microsoft-inflection-amazon-adept
Spring Health Announces $100 Million Series E Funding to Accelerate Growth and Expand Global Access to Mental Healthcare | Spring Health
New round, led by Generation Investment Management, values the company at $3.3 billion.
www.springhealth.com/news/series-e-funding-accelerate-growth-expand-global-access
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