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In 2025 so far, 40% of VC exit value stems from AI, according to PitchBook

PitchBook data says it’s all happening in AI.

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Allie Garfinkle

OpenAI dreams of Apple

OpenAI’s DevDay, held Monday at San Francisco’s historic Fort Mason, was exceptionally Apple-coded.

yesterday 10

Allie Garfinkle

Exclusive: EvenUp raises $150 million Series E at $2 billion valuation as AI reshapes personal injury law

After getting rejected at least 3 times by Y Combinator, the founders of EvenUp have become legal tech leaders.

previous day 10

Allie Garfinkle

Exclusive: Assort Health raises $76 million Series B to build on voice AI healthcare platform

Assort Health has raised a $76 million Series B, led by Lightspeed, Fortune can exclusively report.

30.09.2025 2

Allie Garfinkle

‘There’s so much pressure to be the company that went from zero to $100 million in X days’: Inside the sketchy world of ARR and inflated AI startup accounting

Annual recurring revenue is the metric VCs and founders love to tout. But skeptics think these overblown numbers are helping fuel a bubble.

28.09.2025 8

Allie Garfinkle

Exclusive: Touring Capital, founded by ex-M12 and SoftBank investors, closes $330 million first fund

Founded in 2023, Touring Capital has now closed its first fund at $330 million, Fortune has exclusively learned.

25.09.2025 10

Allie Garfinkle

GV’s Sangeen Zeb on investing in AI unicorns like Harvey, Thinking Machines, and OpenEvidence

GV’s Sangeen Zeb is the latest Term Sheet Next spotlight.

24.09.2025 10

Allie Garfinkle

Exclusive: Phia, founded by Phoebe Gates and Sophia Kianni, raises $8 million seed round, led by Kleiner Perkins

The AI shopping agent startup has a cap table also featuring Hailey Bieber and Kris Jenner.

17.09.2025 5

Allie Garfinkle

Exclusive: Modern Animal, veterinary clinic network, raises $46 million Series D

Recently, Modern Animal raised $46 million in Series D funding, the company exclusively told Fortune.

16.09.2025 3

Allie Garfinkle

Are we inching closer to an OpenAI IPO?

Would going public be good or bad for the world's most valuable startup?

15.09.2025 10

Allie Garfinkle

GV’s David Krane and Greycroft’s Dana Settle break down where the AI boom really stands at Fortune Brainstorm Tech

“It’s absolutely a long cycle, and we’re at the very, very, very beginning,” said Settle.

12.09.2025 4

Allie Garfinkle

Exclusive: Baseten, AI inference unicorn, raises $150 million at $2.15 billion valuation

Baseten has raised a $150 million Series D, led by Bond, Fortune has exclusively learned.

05.09.2025 4

Allie Garfinkle

Figma is getting crushed in its post-IPO earnings debut; CEO Dylan Field is focused on AI’s long term power to ‘raise the ceiling’

In an interview with Fortune, the cofounder and chief executive of the newly public Figma discussed the increasingly interconnected future of design...

04.09.2025 7

Allie Garfinkle

Thrive Capital’s Philip Clark is promoted to partner

Philip Clark has been promoted to partner at Thrive Capital, Fortune has exclusively learned.

03.09.2025 10

Allie Garfinkle

Predoc raises $30 million to stop document chasing in healthcare

Predoc—which uses AI to automate medical records management—has raised $30 million in funding, Fortune has exclusively learned.

02.09.2025 8

Allie Garfinkle

Recap: An AI super PAC, tech earnings, and Taylor Swift

This week, tech earnings came in, Silicon Valley is thinking about midterms, and more.

29.08.2025 10

Allie Garfinkle

George Kurtz on CrowdStrike’s $290 million Onum acquisition and cybersecurity M&A

CrowdStrike, which went public in 2019, is a longtime acquirer, and has acquired data observability startup Onum for about $290 million.

28.08.2025 4

Allie Garfinkle

Exclusive: CrowdStrike CEO George Kurtz on $290 million acquisition of startup Onum and security in the AI age

The cybersecurity company, which went public in 2019, is a longtime acquirer, and has acquired data observability startup Onum for about $290 million.

28.08.2025 20

Allie Garfinkle

For Q2, the size of the VC secondary market reached $61.1 billion, according to PitchBook

In Q2 2025, the VC direct secondary market in the U.S. was $61.1 billion, according to new data from PitchBook.

27.08.2025 10

Allie Garfinkle

Exclusive: Blue Water Autonomy raises GV-led $50 million Series A to build unmanned ships

Blue Water Autonomy has raised a $50 million Series A, led by GV, Fortune has exclusively learned.

26.08.2025 2

Allie Garfinkle

Private equity dealmaking in aerospace and defense drops 32% in Q2, PitchBook says

PitchBook data shows a 32% year-over-year decline in aerospace and defense deal count, a drop the research platform links to tariffs and broader...

22.08.2025 10

Allie Garfinkle

Exclusive: Twin Health, metabolic health startup, raises $53 million Series E at $950 million valuation

Twin Health raised a $53 million Series E led by Maj Invest of Denmark, Fortune has exclusively learned.

21.08.2025 7

Allie Garfinkle

Originated in China, the “996” schedule of working 9am-9pm, 6 days a week comes to Silicon Valley

Some startups have embraced the hyper intense work style—but it may not last.

19.08.2025 10

Allie Garfinkle

Startup down rounds are at a 10 year high, according to PitchBook data

PitchBook data revealed that 15.9% of venture-backed deals in 2025 to date have been down rounds, marking a decade high.

14.08.2025 10

Allie Garfinkle

Rebecca Lynn spins out of Canvas Ventures to found Canvas Prime as solo GP

Canvas Ventures’ Rebecca Lynn is spinning out into a new firm as a solo GP, she exclusively told Fortune.

13.08.2025 10

Allie Garfinkle

Exclusive: Squint raises $40 million at $265 million valuation to modernize manufacturing for companies like Pepsi and Michelin

Squint has raised a $40 million Series B at a valuation of $265 million, Fortune has exclusively learned.

12.08.2025 10

Allie Garfinkle

OpenAI’s reported $500 billion valuation signals AI euphoria

OpenAI’s reported new valuation is $500 billion, a half-a-trillion number that’s stunning on many levels.

08.08.2025 10

Allie Garfinkle

Exclusive: Decart raises $100 million at a $3.1 billion valuation, chasing the future of real-time creative AI

Decart has closed a $100 million Series B, valuing the company at $3.1 billion, Fortune has exclusively learned.

07.08.2025 10

Allie Garfinkle

Figma IPO’s surprise winner is a charity with 13 million shares—and a famous backstory that sparked a bitter feud over an oil fortune decades ago

The Marin Community Foundation netted $440 million as the IPO's largest selling shareholder. The philanthropic organization is itself the product of a...

02.08.2025 10

Allie Garfinkle

Figma shares more than triple in soaring public debut

The design software company's market cap soared to $46 billion in a stunning first-day IPO pop.

31.07.2025 4

Allie Garfinkle

As Figma goes public, a turning point in the long-awaited IPO market recovery takes shape

Figma, the design software unicorn run by Dylan Field, will go public on Thursday in a moment bigger than any one company.

31.07.2025 10

Allie Garfinkle

Eventual, a climate fintech, raises $7.5 million seed round from AlleyCorp and Upfront Ventures

Eventual’s AI model predicts how insurance prices will evolve for any given U.S. property as far ahead as five years in the future.

23.07.2025 4

Allie Garfinkle

The changing nature of startup employment, OpenAI’s e-commerce ambitions, and Powell’s future

It has been, to say the least, a wild week in the private markets. I’m taking you briefly inside my reporter’s notebook.

17.07.2025 9

Allie Garfinkle

H2Ok Innovations raises $12 million Series A to make manufacturing more precise for big-name customers like Coca-Cola and Unilever

H2Ok Innovations raised a $12.42 million Series A, led by Greycroft, Fortune can exclusively report.

16.07.2025 7

Allie Garfinkle

North American VC assets under management are set to grow 38% in five years—slower than the previous five

According to PitchBook, AUM in VC doubled between 2019 and 2024, and are projected to grow about 38% over the next five years.

15.07.2025 10

Allie Garfinkle

VC Alexa von Tobel launches new podcast ‘Inspired,’ looking to reset American ambition

A long-time podcast host, Inspired Capital cofounder Alexa von Tobel has launched a new podcast called “Inspired.”

15.07.2025 4

Allie Garfinkle

The exclusivity on OpenAI’s $3 billion acquisition for AI coding startup Windsurf has expired

Windsurf is now free to explore other options.

12.07.2025 50

Allie Garfinkle

Exclusive: Virtru, data security company, raises $50 million Series D as valuation hits $500 million

Virtru has recently raised a $50 million Series D, led by Iconiq Capital, Fortune has exclusively learned.

11.07.2025 10

Allie Garfinkle

Linda Yaccarino’s X exit was predictable—and raises more questions than it answers

In an unsurprising turn of events, Linda Yaccarino’s tenure as CEO of X has come to an end.

10.07.2025 10

Allie Garfinkle

Runway’s AI transformed films. The $3 billion startup’s founders have a bold, new script: building immersive worlds

Runway, the $3 billion AI video startup, has hosted the AI Film Festival since 2023 to showcase short films made with AI. This year’s festival...

03.07.2025 6

Allie Garfinkle

Figma files for IPO nearly two years after $20 billion Adobe buyout fell through

The design software startup, helmed by cofounder Dylan Field, moved closer towards one of the most anticipated public offerings of the year.

02.07.2025 6

Allie Garfinkle

Exclusive: Ambrook raises $26.1 million Series A to provide farmers and ranchers with better accounting software

Founded in 2021, Ambrook has raised a $26.1 million Series A, led by Thrive Capital and Dylan Field, Fortune has exclusively learned.

01.07.2025 30

Allie Garfinkle

Longtime Bessemer investor Mary D’Onofrio, who backed Anthropic and Canva, leaves for Crosslink Capital

D’Onofrio will lead Crosslink’s crossover fund, where she will focus on AI vertical software and infrastructure, making a small number of...

30.06.2025 3

Allie Garfinkle

What makes an AI avatar seem human, according to Synthesia’s CEO

When I was writing a feature for Fortune’s just-released digital issue, I asked Synthesia CEO and cofounder Victor Riparbelli: What makes an avatar...

27.06.2025 50

Allie Garfinkle

Exclusive: Sorenson Capital raises $150 million third fund to chase security and enterprise software deals

Sorenson Capital has raised its third fund at $150 million, Fortune can exclusively report.

26.06.2025 10

Allie Garfinkle

AI avatars are here in full force—and they’re serving some of the world’s biggest companies

Most people absorb information from video more readily than text, and digital avatars make training and comms videos easier and cheaper to produce.

26.06.2025 30

Allie Garfinkle

South Loop Ventures’s Zach Ellis on investing in Texas and diverse founders

Zach Ellis recently launched South Loop Ventures’s first $21 million fund.

19.06.2025 20

Allie Garfinkle

Traversal emerges from stealth with $48 million from Sequoia and Kleiner Perkins to reimagine site reliability in the AI era

Traversal launches from stealth with $48 million in funding from its seed and Series A rounds, led by Sequoia and Kleiner Perkins, Fortune has...

18.06.2025 20

Allie Garfinkle

In Q1 2025, enterprise SaaS M&A deal count hit 210, according to PitchBook

Q1 2025 saw 210 enterprise SaaS mergers and acquisitions get done, a number on par with the 211 deals inked in Q4 2024, says PitchBook data.

17.06.2025 10

Allie Garfinkle

WorkWhile, flexible labor platform, raises $23 million Series B

WorkWhile raised a $23 million Series B, Fortune has exclusively learned. Rethink Impact led the round.

16.06.2025 2

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In 2025 so far, 40% of VC exit value stems from AI, according to PitchBook

Allie Garfinkle

OpenAI dreams of Apple

Allie Garfinkle

Exclusive: EvenUp raises $150 million Series E at $2 billion valuation as AI reshapes personal injury law

Allie Garfinkle

Exclusive: Assort Health raises $76 million Series B to build on voice AI healthcare platform

Allie Garfinkle

‘There’s so much pressure to be the company that went from zero to $100 million in X days’: Inside the sketchy world of ARR and inflated AI startup accounting

Allie Garfinkle

Exclusive: Touring Capital, founded by ex-M12 and SoftBank investors, closes $330 million first fund

Allie Garfinkle

GV’s Sangeen Zeb on investing in AI unicorns like Harvey, Thinking Machines, and OpenEvidence

Allie Garfinkle

Exclusive: Phia, founded by Phoebe Gates and Sophia Kianni, raises $8 million seed round, led by Kleiner Perkins

Allie Garfinkle

Exclusive: Modern Animal, veterinary clinic network, raises $46 million Series D

Allie Garfinkle

Are we inching closer to an OpenAI IPO?

Allie Garfinkle

GV’s David Krane and Greycroft’s Dana Settle break down where the AI boom really stands at Fortune Brainstorm Tech

Allie Garfinkle

Exclusive: Baseten, AI inference unicorn, raises $150 million at $2.15 billion valuation

Allie Garfinkle

Figma is getting crushed in its post-IPO earnings debut; CEO Dylan Field is focused on AI’s long term power to ‘raise the ceiling’

Allie Garfinkle

Thrive Capital’s Philip Clark is promoted to partner

Allie Garfinkle

Predoc raises $30 million to stop document chasing in healthcare

Allie Garfinkle

Recap: An AI super PAC, tech earnings, and Taylor Swift

Allie Garfinkle

George Kurtz on CrowdStrike’s $290 million Onum acquisition and cybersecurity M&A

Allie Garfinkle

Exclusive: CrowdStrike CEO George Kurtz on $290 million acquisition of startup Onum and security in the AI age

Allie Garfinkle

For Q2, the size of the VC secondary market reached $61.1 billion, according to PitchBook

Allie Garfinkle

Exclusive: Blue Water Autonomy raises GV-led $50 million Series A to build unmanned ships

Allie Garfinkle

Private equity dealmaking in aerospace and defense drops 32% in Q2, PitchBook says

Allie Garfinkle

Exclusive: Twin Health, metabolic health startup, raises $53 million Series E at $950 million valuation

Allie Garfinkle

Originated in China, the “996” schedule of working 9am-9pm, 6 days a week comes to Silicon Valley

Allie Garfinkle

Startup down rounds are at a 10 year high, according to PitchBook data

Allie Garfinkle

Rebecca Lynn spins out of Canvas Ventures to found Canvas Prime as solo GP

Allie Garfinkle

Exclusive: Squint raises $40 million at $265 million valuation to modernize manufacturing for companies like Pepsi and Michelin

Allie Garfinkle

OpenAI’s reported $500 billion valuation signals AI euphoria

Allie Garfinkle

Exclusive: Decart raises $100 million at a $3.1 billion valuation, chasing the future of real-time creative AI

Allie Garfinkle

Figma IPO’s surprise winner is a charity with 13 million shares—and a famous backstory that sparked a bitter feud over an oil fortune decades ago

Allie Garfinkle

Figma shares more than triple in soaring public debut

Allie Garfinkle

As Figma goes public, a turning point in the long-awaited IPO market recovery takes shape

Allie Garfinkle

Eventual, a climate fintech, raises $7.5 million seed round from AlleyCorp and Upfront Ventures

Allie Garfinkle

The changing nature of startup employment, OpenAI’s e-commerce ambitions, and Powell’s future

Allie Garfinkle

H2Ok Innovations raises $12 million Series A to make manufacturing more precise for big-name customers like Coca-Cola and Unilever

Allie Garfinkle

North American VC assets under management are set to grow 38% in five years—slower than the previous five

Allie Garfinkle

VC Alexa von Tobel launches new podcast ‘Inspired,’ looking to reset American ambition

Allie Garfinkle

The exclusivity on OpenAI’s $3 billion acquisition for AI coding startup Windsurf has expired

Allie Garfinkle

Exclusive: Virtru, data security company, raises $50 million Series D as valuation hits $500 million

Allie Garfinkle

Linda Yaccarino’s X exit was predictable—and raises more questions than it answers