FDA approves Neuralink’s second test patient, State of Private markets in Q1, and new lucrative deals!
So much to cover, so little time.
Welcome to Issue #2 of Startup Deal Desk!
Here’s what you can expect in today’s edition:
Neuralink’s second test patient, Microsoft’s new AI PCs, and Reddit X OpenAI
The state of private markets Q1, 1 unstoppable stock, and 5 real estate trends
Lucrative new and open deals – HummingbirdEV, Gallerie and FreightRoll
and much more!
Keep reading to see the latest deals, news and trends 👇.
And don’t forget to subscribe!
Neuralink gets FDA green light for second patient - With the FDAs blessings, Elon Musk’s Neuralink will implant its brain chip in a second person later in June, following proposed fixes from the first implant in quadriplegic Noland Arbaugh.
Microsoft’s new AI PCs hit the market - Starting at $999, the Copilot+ PCs by Microsoft are the first AI-powered computers for commercial use, offering up to 20x more AI power, 22 hours of battery life and a plethora of built-in AI features.
Reddit’s stock climbs 11% after a licensing agreement with OpenAI - Reddit’s data will be used to train ChatGPT models, and OpenAI has become a Reddit advertising partner. Not surprising since OpenAI CEO Sam Altman has a 8.7% stake in Reddit.
The State of Private Markets Q1 2024 - Despite the 29% decrease in funding rounds, total cash invested in Q1 reached $16.3 billion - a slight increase from the previous quarter with many companies opting to raise bridge rounds.
1 Unstoppable stock that could join the $1 trillion club - With a market cap of $789B and 22% revenue growth projections in ‘24 and ‘25, Taiwan Semiconductor Manufacturing could join Nvidia, Microsoft, Meta and others in the $1T club by 2026.
5 Key trends in real estate secondaries - Despite a slight pullback in completed real estate secondaries transactions in 2023, supply has never been bigger and the need for capital remains sky high.
Startup building zero-emissions EV systems - HummingbirdEV - Decarbonizing the dirtiest segment in the transportation sector by deploying over 500+ EV systems across the US, China and India, HummingbirdEV plans to scale up operations and accelerate product development.
Meet the founder and learn more about their mission here.
Platform disrupting the traditional art market - Gallerie - Addressing the systemic inefficiencies in the art market and the challenges faced by artists in gaining visibility and recognition by providing a transparent, accessible and profitable platform for artists and art collectors.
Discover more about Gallerie and its founders here.
Startup tackling inefficiencies in facility yards - FreightRoll - The platform offers a solution to streamline operations, digitize the supply chain and increase efficiency in the facility yard, the most forgotten but highest friction point in the $3T trucking industry.
Connect with the founder and find out more about FreightRoll here.
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AI cloud infrastructure startup CoreWeave raises $7.5B in debt - With the latest funding round led by Blackstone, Magnetar and Coatue, the company has now raised more than $12B in equity and debt in the last 12 months.
InsurTech company Cover Genius raises $80M in Series E - Offering embedded insurance and warranty services for various industries like retail, travel, fintech, and logistics, the company is set to expedite growth and implementation of new tech.
Predictive maintenance company AssetWatch raises $38M in Series B - Specializing in condition monitoring and predictive maintenance, the company will use the funds to continue innovation, and expand and scale-up the business.
Hydrogen energy funding soars in Q1 - Low-emission hydrogen developers have raised over $1B in Q1 – already more than two-thirds the total raised in all of 2023. Funding in this sector set a record in 2022, but looks poised to go even higher this year.
Corporate venture capital funding rebounds in Q1 - Driven by 33 $100M+ mega rounds, CVC-backed funding reached $15B, showing a 26% increase QoQ – greater than the venture market as a whole.
Record funding levels for humanoid robotics in 2024 - Driven by AI advancements, labor shortages and commercial viability, funding for humanoid robotics has reached $775M in 2024 across 3 mega rounds, including Figure’s $675M Series B round.
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Until next time!