The Latest Breaking News from PitchBook

Per PitchBook, YC is the leading investor in LLM agents, by all-time number of investments. In the trailing 12 months, there have been 156 deals in the space.

Q2 saw some green shoots for mobility tech as a sector, as VCs invested $6.7 billion in mobility tech, marking a 13.9% quarter-over-quarter increase in deal value, according to PitchBook.

Today, the insurtech sector is still attracting investment, albeit pulled-back and with asterisks. In the second quarter of 2024, $1.2 billion in VC money was invested across 106 insurtech deals, a recent PitchBook report showed.

PitchBook just released its quarterly U.S. Valuations Report, and its data isn’t surprising—but it is cryptic. Flat and down rounds hit a decade high, while median late-stage valuations (this year to date) are surpassing the 2021 bull market.

Google epitomizes the scrappy startup that disrupts tech titans and then dominates the business. But will Google itself fall prey to AI challengers led by OpenAI?

PitchBook isn’t ready to call a comeback, but deal counts are looking up: In Q2 this year, U.S. VCs invested $55.6 billion in 4,226 deals, marking the highest quarterly deal count since Q2 2022. Meanwhile, AI startups raised $24 billion globally in Q2, Crunchbase says.

Data pretty clearly suggests that, for lots of fundraising VCs right now, it is brutal out here. But there are nuances to this, as illustrated in PitchBook’s just-published mid-year update to its 2024 U.S. Venture Capital Outlook.

In 2023, total VC deal activity in Japan shook out to $5.1 billion in value, across 1,213 deals, according to PitchBook.

Economy and Society is Ballotpedia’s weekly review of the developments in corporate activism; corporate political engagement; and the environmental, social, and corporate governance (ESG) trends and events that characterize the growing intersection between business and politics.

A bulging pipeline of IPOs are registered, ready to go, and closely watching Reddit's performance. Here are the concerns.

Legal tech firm Farewill has seen its valuation slashed by more than £50 million by one of its major shareholders, the Standard has learnt, amid growing signs European tech firms are struggling to hold on to the heady valuations they attracted during the height of the pandemic.