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Multi Billion All-Cash Acquisition and Automated Pitches
Sponsored by Klout Kast
KillerStartups
July 31, 2023
Check out this week’s sponsor: Klout Kast
The KillerStartups weekly newsletter is off to the races! Welcome and thanks for the support as we grow this massive startup community.
As always, please support the newest Featured Startups as many are looking for feedback and just starting out!
Our team packed a lot into this newsletter, so let’s get into it!
The Lineup:
Klout Kast
30-Second News Picks
Tweet of the Week
Meme of the Week
Weekly Poll
Featured Startups
Notes from The Staff
Other Newsletter Recommendations!
Weekly Sponsor
Klout Kast is a B2B software startup aimed at revolutionizing the digital experience market. Klout Kast addresses the impact of the pandemic on traditional entertainment and the need for secure, engaging platforms connecting consumers with talented entertainers.
Founded in 2020, the startup envisions a community-driven space prioritizing talent and diversity, offering personalized experiences for users. Klout Kast aims to become a leading platform in the gig economy, transforming the way people connect and experience entertainment in the digital age.
News Picks of the Week 🤓 🚀
Pick #1
Our 30-Second Summary:
San Francisco-based observability software company, New Relic, has agreed to go private in a $6.5 billion all-cash deal with private equity firms TPG and Francisco Partners. The deal, salvaged after a previous attempt fell through, has received approval from major shareholders, including CEO Lew Cirne and activist hedge fund Jana Partners.
New Relic will have a 45-day "go-shop" period to entertain other qualified bids, but if the deal proceeds as planned, shareholders will receive $87 per share, a 7.5% premium over the stock's closing price. The move to go private comes as the observability market gains momentum due to enterprises' growing interest in data-driven decision-making and simplifying data infrastructure.
Submit Your Startup to Get Featured and More! 🚀 - SUBMIT YOUR STARTUP
Pick #2
Our 30-Second Summary:
AngelList, known for connecting founders with early-stage investors, is expanding into the private equity space through its acquisition of Nova, a Y Combinator-backed fintech startup.
Over the years, AngelList has evolved to provide products and services for venture firms, investors, startups, and fund managers. The acquisition of Nova, which offers investor management software for institutional private funds, fits into AngelList's strategy of building infrastructure to support the entire startup economy.
The move into private equity aligns with the lifecycle of startups, as they mature and seek capital from a broader range of providers. AngelList aims to consolidate its position in the market and continue its growth trajectory, offering a comprehensive suite of products for investors and fund managers alike.
Submit Your Startup to Get Featured and More! 🚀 - SUBMIT YOUR STARTUP
Pick #3
Our 30-Second Summary:
London-based startup AutogenAI has raised $22.3 million in funding from Blossom Capital to enhance its generative AI tool, which helps businesses write more compelling pitches and win deals.
The platform uses large language models, such as OpenAI's, and the client's proprietary data to create tailored pitches based on past successful work. AutogenAI aims to speed up the pitch-writing process by 800% and reduce procurement costs by approximately 10%.
In less than a year, the startup has acquired 28 clients, including global management consultancies, BPO organizations, construction firms, and non-profits.
Submit Your Startup to Get Featured and More! 🚀 - SUBMIT YOUR STARTUP
Pick #4
Our 30-Second Summary:
AI startup Augmend has raised $2.2 million in funding to help software development teams create a "shared brain" for knowledge-sharing.
The platform records on- and off-screen actions, such as app transitions and code logs, and uses large language models to enable natural language queries. Augmend prioritizes data security and plans to transition to an open-source model.
The startup targets organizations and is set to launch a generally available version later this year.
Submit Your Startup to Get Featured and More! 🚀 - SUBMIT YOUR STARTUP
Tweet of the Week
“There are only two kinds of investors:
Those who don't know where the market is headed, and those who don't know that they don't know."
William J. Bernstein twitter.com/i/web/status/1…
— Graham Stephan (@GrahamStephan)
May 13, 2023
Submit Your Startup to Get Featured and More! 🚀 - SUBMIT YOUR STARTUP
Meme of the Week
Submit Your Startup to Get Featured and More! 🚀 - SUBMIT YOUR STARTUP
Weekly Poll Question ❓
Will you be using Threads over Twitter? |
Featured Startups 📈
KillerStartups Mission: is to help entrepreneurs achieve the next big thing. Our role is to connect you with founders that you can help, and founders that can help you!
When we featured Uber back in 2010, Founder Travis Kalanick might have still been your driver.
Uber went on to raise their first $1.6MM 3 months after we featured them. $4.9B later, we are still proud to have discovered them.
Submit Your Startup to Get Featured and More! 🚀 - SUBMIT YOUR STARTUP
Our question to you is: How can YOU help these companies?
Interesting in advertising to a large audience of startup founders and entrepreneurs? 🚀
Contact [email protected] for more details!
Notes From KillerStartups Staff 👀
Our team is proud to see KillerStartups growing into a large startup community. We plan to bring new resources, groups, and more as we continue to grow into our mission. Thank you all for your continued support.
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