The Silicon Valley startup economy has been decimated by rising interest rates and the market downturn, but some of the best tech has been born of recession.
Scale AI has raised $1 billion in a Series F funding round that values the enterprise tech company at $13.8 billion — almost double its last reported valuation.
Food tech company GrubMarket said that it has raised $50 million in a Series G funding round, valuing the San Francisco-based firm at more than $3.5 billion.