Weekly Tech Pulse
Notion Hits $500M Revenue Milestone as AI Features Drive Enterprise Adoption & Numeral Tackles the $18B Sales Tax Problem with Smart Automation.
US & International Startup & Tech News
Notion Rides AI Boom to $500 Million in Annual Revenue, but Microsoft Competition Looms
Notion has reached $500 million in annualized revenue, driven by its early adoption of AI features launched just before ChatGPT's debut. The productivity software company just launched customizable agents that can create documents and pull data from various sources using models from OpenAI and Anthropic. Over 50% of Notion's customers now pay for AI add-ons, with major enterprise clients including Kaiser Permanente, Nvidia, and Volvo Cars. The company faces intense competition from Microsoft Loop and Google Workspace's AI offerings.
Source: Cnbc
CodeRabbit Raises $60M, Valuing the 2-Year-Old AI Code Review Startup at $550M
CodeRabbit, an AI-powered code review platform, raised $60 million in Series B funding at a $550 million valuation, led by Scale Venture Partners with participation from Nvidia's venture arm. The company is growing 20% monthly and generating over $15 million in annual recurring revenue by helping developers catch errors in AI-generated code. With over 8,000 businesses using their platform including Chegg and Mercury, CodeRabbit can help companies cut their human code review workforce in half. The startup competes with Graphite and other AI code review tools in an increasingly crowded market.
Source: TechCrunch
Numeral Raises $35M to Automate Sales Tax with AI
Numeral, a sales tax compliance startup, raised $35 million in Series B funding at a $350 million valuation, led by Mayfield with participation from Benchmark and Y Combinator. The company was founded by former Airbnb product manager Sam Ross, who experienced firsthand the complexity of managing sales tax across multiple states for his e-commerce businesses. Numeral's AI handles thousands of complex tax laws across 11,000 jurisdictions, processing everything from filing returns to managing tax-related mail for over 2,000 clients. The startup competes with established players like 26-year-old Avalara and newer entrants like Anrok in the growing sales tax automation market.
Source: TechCrunch
LATAM Startup & Tech News
Arvo Raises R$ 106 Million in Funding Round with Kaszek and Base 10 to Combat Healthcare Fraud
Brazilian healthtech Arvo raised R$ 106 million in a funding round led by Kaszek and Base10 Partners, less than a year after raising R$20 million. The startup uses proprietary AI to validate hospital bills, authorizations, and claims to prevent fraud in the supplementary healthcare system. Arvo has processed over R$ 130 billion in claims and 230 million medical bills with a 90% accuracy rate for its AI models. The company serves over 65 health insurance operators including Porto, Athena, and Petrobras Health, and plans to triple its technology team with the new funding.
Source: Latim Fintech
Conceivable Life Sciences Secures $50 Million in Series A Funding Round
Mexican biotech startup Conceivable Life Sciences raised $50 million in Series A funding led by Advance Venture Partners, with participation from existing investors including ARTIS Ventures, Stride, and ACME. The company has developed AURA, the world's first automated and AI-powered In Vitro Fertilization (IVF) laboratory, aimed at making fertility treatment more accessible, scalable, and effective. With this round, Conceivable becomes the most funded biotech startup in Latin America with $70 million total funding, and is currently conducting a pilot study with 100 patients in Mexico City. The funding will support the company's U.S. market debut next year and commercial expansion of AURA in Mexico.
Source: Yahoo
Opportunities with Us
Browse all available opportunities here!
Special thanks to our sponsor:
Axented helps businesses design, build, and scale their products and teams worldwide.
With over 10 years of experience and a diverse portfolio of more than 300 projects delivered in over 15 countries, Axented has established itself as a trusted partner in the tech industry.
Renowned for its expertise and commitment to excellence, Axented provides innovative solutions to help businesses thrive in a digital world.
