General Catalyst

General Catalyst commits $5 billion to India over five years | TechCrunch

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General Catalyst managing director and CEO Hemant Taneja

General Catalyst, a Silicon Valley-based venture firm with more than $43 billion in assets under management, has announced plans to invest $5 billion in India over the next five years, sharply expanding its push into the country’s startup ecosystem less than two years after merging with local venture firm Venture Highway. The commitment, which was … Read more

Exclusive: AI inference startup Modal Labs in talks to raise valuation to $2.5 billion, sources say

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Drawing of a cloud on a blue background with arrows going in and out of the cloud to show the syncing concept.

Modal Labs, an AI infrastructure startup, is talking to VCs about a new round worth about $2.5 billion, according to four people with knowledge of the deal. If the deal closes on those terms, the funding round would more than double the company’s $1.1 billion valuation announced less than five months ago. General Catalyst is … Read more