 Andreessen Horowitz has opened new offices in Miami, New York, and Santa Monica while saying its new HQ will be in the cloud. The decision may affect how other companies in Silicon Valley approach remote work. More: - The VC firm made the announcement in a new blog post.
- The company stated that its decision to have Silicon Valley as a headquarters was because the region attracted talent from around the world. Now that remote work has become more common, the firm believes it should be more spread throughout the U.S., while its headquarters will be in the cloud.
- a16z aims to work remotely while keeping office spaces for meetings and special events that the company needs to organize.
- The move reflects the general VC investing trend, which has seen other cities in the U.S. start to gain momentum by attracting more investments.
- The firm stated that it will create new global offices whenever needed to support its investments and portfolio founders.
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 Meta is preparing to invest in an Indian startup named Better Opinions. Once the deal is closed, it would be Meta's third large investment in India. More: - Better Opinions is seeking to raise $3M in its seed round.
- The company has already raised $2.5M, and if it manages to raise money further into this round with Meta, it would reach a valuation of $25M.
- Current investors include Metaplanet VC, Y Combinator, Taurus VC, Original Capital, Tremis Capital, Goodwater Capital, and Super Capital.
- Better Opinions is an app that enables users to bet on the outcome of certain events, winning cash if they are correct. The company claims to have 600,000 users so far, who have traded more than $1.25M.
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 A message from COX EDGE Assets are getting larger, and end users have you stuck between the cloud and a hard place. While today’s websites and apps are still largely run out of one location, your users are everywhere. Cox Edge’s CDN steps in to help you deliver content more efficiently. Our extensive network of POPs delivers content to your end users based on location, co-locating site and app assets closer to where your users are. Learn how Cox Edge’s CDN can help you quickly scale up during heavy traffic, decrease costs, and deliver an enhanced experience to end users with faster load times, increased performance, and more stability. Explore More
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VC industry pioneer Menlo Ventures has raised $761M. The VC firm's round is proof that U.S.-based investment companies are not feeling the economic downturn as investments in VC firms are rising. More: - Menlo Ventures was founded 46 years ago and is known for being one of the earliest venture capital firms in Silicon Valley.
- The company has invested in 400 companies, including Uber, Roku, Siri, Warby Parker, etc.
- The last similar raise by Menlo was in 2019 when the firm raised $496M, deploying it to fund startups at the Series B and C stages.
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IQM has raised a $128M Series A funding round. The round was led by World Fund with participation from Tencent, Bayern Kapital, Santo Venture Capital GmbH, EIC Fund, OurCrowd, QCI SPV, Salvia GmbH, Tofino and Varma, Maki.vc, Matadero QED, OpenOcean,MIG Fonds, Tesi, and Vsquared. More: - IQM is a manufacturer of quantum computers, aiming to be a leader in Europe.
- The company focuses on industrial clients such as research labs, allowing them to co-design the apps they use.
- IQM is building the first 54 qubit supercomputer in Finland, with other projects in Germany also being built at the same time.
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 A message from BOXABL Imagine if houses were built like cars, with one home coming off the assembly line every 60 seconds...wouldn’t that change the world? Cutting-edge housing manufacturer Boxabl plans to do just that, by setting up the world's largest and most advanced housing factory. Why Boxabl? - Setting up a 170,000 sq ft manufacturing facility in less than one year
- Raising over $100M from over 15,000 investors
- Elon Musk shouted out the Las Vegas-based company calling Boxabl a “cool product.”
- Achieving LEED certification and hurricane wind ratings on all houses
- Strategic partnership and investment from the largest home builder in the USA, D.R. Horton Inc.
- Over 50 patent filings due to considerable innovations in building technology
- Factory 2 is now under construction
- Customer waitlist of over 100,000 pre-orders, indicating potential demand worth billions of dollars
- Guided by Volkswagen Group's Porsche Consulting Inc. for the design and implementation of Boxabl’s new factory
- Shipping houses every day
Invest Today
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Today's funding 💵 SaaS - Better Stack (Czechia), a software platform that combines monitoring, logging, incident reporting, and status pages in one page: $18.6M A led by Creandum.
- Velosimo (Utah), a company that builds software for government institutions: $11M A led by Macquarie Capital Principal Finance with participation from Valor Equity Partners.
- Equals (remote), a SaaS platform that provides a spreadsheet that is easily integrated: $6.6M Seed led by Craft Ventures with participation from BoxGroup, Worklife Ventures, the Intercom founders, etc.
Augmented Reality/Virtual Reality - InterApp (California), an AR app that enables content creators to create AR experiences: $1.2M pre-seed led by WP Capital Group.
Gaming - Nekcom (China), an indie video game developer studio: $8M A led by Galaxy Interactive.
Finance - Covey (New York City), a platform that aims to find and connect the best money managers: $2.5M Seed co-led by Social Leverage and Portage Ventures with participation from Cue Ball and BoxOne.
Travel/Events - Planned (Canada), an event planning platform that allows users to compare event spaces: $18M A led by Drive Capital.
Cloud
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Quick Hits: - The right metrics make a difference. Read our fact sheet and learn what you should be measuring to prove marketing impact.*
- The Spanish VC market has reached new all-time highs, as volume reached over $5.1B in the first half of 2022.
- A 30-year-old executive named Erika Lucas has managed to raise $2M in two months, aiming to fund startups that help women's reproductive health.
- Dovetail, a design/tech startup based in Atlanta, has raised $700,000 in a Pre-Seed round led by Lake County Technologies.
- See how to make sense of the security industry's infamous "alphabet soup" of acronyms and complex technical tools.*
* This is a sponsored post.
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 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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