Accel could raise billions for India, but it’s sticking to $650 million
Accel has maintained its India fund size at $650 million for its eighth vehicle, even as other venture firms in the region are racing to raise increasingly larger pools of…
Accel closes $650 million for new India fund
Accel has raised $650 million for its eighth India fund as the U.S. venture firm expands its investment strategy in the South Asian market. The new fund follows the firm’s…
European AI infrastructure company Nebius nabs $700M from Nvidia, Accel, others
Nebius, the publicly-traded European AI infrastructure company formerly known as Yandex N.V., has raised $700 million in financing to power its U.S. expansion. The financing included “dozens of very well…
Accel eyes stake in India’s Truemeds at $330 million valuation
According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $30 million to $40 million in Truemeds, an Indian…
Open source BI platform Lightdash gets Accel’s backing to bring AI to business intelligence
Lightdash, a business intelligence (BI) platform and open source alternative to Google’s Looker, is lifting the lid on a new product that allows companies to train “AI analysts” specific to…
Accel, Docker and Reddis Execs join Disrupt 2024
As companies grapple with the challenge of developing a sustainable business without sacrificing their core principles, open source has evolved from a niche approach to software development into the business…
TPG nears $150M funding in India’s Eruditus at $2.3B valuation
Eruditus, an Indian edtech startup, is in advanced stages of talks to secure about $150 million in new funding, two sources familiar with the matter told TechCrunch, in what would…
Axle Energy’s sprint to decarbonize the grid lights up with $9M seed led by Accel
The challenge of integrating renewable energy sources into the grid is a fast-unfolding startup opportunity. U.K.-based Axle Energy jumped on the chance to accelerate grid decarbonization when the business was…
Accel turns to rural India in hunt for future unicorns
Accel, one of the most prolific e-commerce and marketplace investors in India, is making a contrarian move by turning its focus to smaller towns and villages in search of future…
France leads the pack for Generative AI funding in Europe, London has 3X the number of GenAI startups
Like it or hate it, artificial intelligence – especially generative AI – is the technology story of 2024. OpenAI, with its rollouts of viral services like ChatGPT and billions in…