Crunchbase’s Post

⏰ We’re one hour out from Crunchbase Chief Product Officer Megh Gautam’s appearance on the Venture with Grace LinkedIn Live Series with Grace Gong! Head over to the event page and hit the "Attend" button to hear Megh’s insights on topics like: - Challenges and opportunities in managing a data-centric product like Crunchbase - The role of AI and machine learning in modern product development - The future of business intelligence and data platforms See you soon! 

Our Chief Product Officer, Megh Gautam, is joining Grace Gong on the “Venture with Grace” LinkedIn Live show at 9:00 am PT this Friday to discuss AI in modern product development and how it plays a role in the present and future of Crunchbase. Check out the event page and set a reminder! We’ll see you there. 

The portion of US VC funding that went to companies with at least one female founder reached nearly a quarter in 2023, Though there's still a long way to go, that's a new peak -- and it's largely thanks to massive AI deals.   “Among the $34 billion amassed by women-led startups in 2023, $21 billion went to companies building AI products," notes Inc. Magazine, highlighting the latest report from Crunchbase News. Read Inc.’s coverage here, and see our original report from Gené Teare in the comments!

Last #Pride month, we added “LGBTQ+ led” and “LGBTQ+ founded” tags to Diversity Spotlight. 🏳️🌈 This #Pride month, we’re excited to announce the expansion of the full Diversity Spotlight dataset to Europe, enabling 1 million+ companies to add any of our Diversity Spotlight tags to their Crunchbase company profiles. 🎉 Today’s expansion marks continued progress toward our mission to raise visibility for diverse entrepreneurs and help close the funding gap. Special thanks to our exclusive launch partner, i³ investing, and our additional expansion partners Colorintech, BTF®, Female Founders, and Tech Nation— we are so grateful for your support! Learn more about this expansion, the history of Diversity Spotlight, and the measures we’re taking to ensure GDPR compliance here: https://lnkd.in/gzw5RKUi

Venture funding rebounded in May to reach $31 billion, the highest monthly tally so far this year. Several billion-dollar funding rounds contributed to this total, with six companies raising $1 billion or more. The company that raised the most? Elon Musk’s xAI, with a $6 billion Series B. Get the full list 👇 https://bit.ly/4aRAogh

60% of companies have already integrated GenAI into their service offerings, and an additional 20% are planning to do so this year. 🤯 This is just one of many compelling findings from Emergence Capital’s inaugural edition of Beyond Benchmarks. The report takes a deep dive into the metrics and trends observed across the early-stage enterprise cloud market — with data contributed by Crunchbase, firms across the VC ecosystem, and hundreds of companies operating in the space. Read it here:

In the sea of AI tools, which ones stand out? And, more importantly, how do you know which ones will bring value to your business? We’ve taken a look at a range of tools – from content generation to project management and more – to point you in the right direction. Here are some of the highlights: https://bit.ly/3wK8zs4

Want to know how to manage your revenue team through market fluctuations? Crunchbase VP of Revenue Ang McManamon joined Mark Roberge on The Science of Scaling Podcast to discuss how you manage a revenue team through the ups📈and the downs 📉. Together, they explore: 📔How to establish set processes to manage and hit your goals 🧑💼How to hire the right people for the job 👏How to maintain a positive culture internally no matter what is happening externally  Link in comments: 👇

Last week, U.S.-based startups raised over a dozen nine-figure rounds — more than any week this year 📈 The biggest round? $1.1B for an AI cloud infrastructure startup. Additional huge raises were in energy, quantum computing, neuroscience, and other sectors. Learn which startups just raised big: https://bit.ly/3y6ChYB