AI’s incredible momentum has created both opportunity & uncertainty. The biggest question for investors is: How do you separate durable innovation from short-term trends? @cgao & @stevejang of @KindredVentures dig into this topic next week at @FortuneMagazine Brainstorm AI in a

AI startup valuations are doubling and tripling within months as back-to-back funding rounds fuel a stunning growth spurt

Doppel, which makes an AI social engineering detection service, raised a $70M Series C led by Bessemer at a $600M+ valuation, up from $205M in May (@agarfinks / Fortune) https://t.co/D3t0CYoXBo https://t.co/te6hFshZvB 📫 Subscribe:

ICYMI: must-read @Fortune #FOIA investigation: 2 firefighters suffered chemical burns in a Las Vegas @boringcompany tunnel. Fines + citations were rescinded w/in 24 hours of Boring president calling the office of Nevada Governor @JoeLombardoNV https://t.co/GWLKF5orTi

Excited to finally share that @parkrangerscap quietly closed our first fund earlier this year: a $4.3M debut fund backed by 130 LPs. Huge thank you to @agarfinks at @FortuneMagazine for telling the story so well! More in the article below!👇 https://t.co/cYAIYubq5j

great example of the value of journalism from @jessicakmathews and @leomschwartz

NEW INVESTIGATION: Workplace safety violations against Elon Musk’s Boring Co. were rescinded after the Nevada Governor’s office got involved. 🧵

Tala Health, which plans to roll out AI agents to help clinicians improve patient care next year, raised a $100M seed led by Sofreh Capital (@agarfinks / Fortune) https://t.co/WVEJV5Qqzy https://t.co/H4MQRjpdQ7 📫 Subscribe:

Elon Musk’s Boring Company fined nearly $500K after it dumped drilling fluids into Las Vegas manholes—then ‘feigned compliance’ and was caught doing it again

Today @FortuneMagazine ran a piece on @Mercury celebrating: * 3 years of profitability * $650m in annualized revenue * 40% year on year active customer growth * Building a long term + sustainable + trusted service for our customers Thanks @agarfinks for the write up.

Neobank Mercury says it has hit $650M in annualized revenue, up from $500M by end of 2024, and has been GAAP profitable on net income and EBITDA for three years (@agarfinks / Fortune) https://t.co/rsGaeHGchP https://t.co/LcNxjr6nhQ 📫 Subscribe:

A new generation of Sequoia stewards

Trillion dollar startups may be here sooner than you think. What does that mean for the exit-based VC industry and for public company focused disclosure rules. And what the heck should we even call a trillion dollar startup?? https://t.co/9aky6MshZ6

Goldman’s acquisition of Industry Ventures is a bet on soaring secondaries. 💰 The deal is substantial. $665M in cash and equity, tacking on an additional performance-based $300M through 2030. Read analysis from @EMZheng47 in @AGarfinks' latest edition of @TheTermSheet here ⬇️

Flow Engineering, which provides a collaborative hardware development platform for companies like Rivian, raised a $23M Series A led by Sequoia (@agarfinks / Fortune) https://t.co/FEdC9veqx2 https://t.co/qnpBUr1cQq 📫 Subscribe:

AI has sparked a new wave of competition in the browser market, as agentic AI browsers like Perplexity's Comet and others compete with Gemini-enhanced Chrome (Fortune) https://t.co/EG0HlI4nPa https://t.co/Q6GX9grxuB 📫 Subscribe:

In Q3, AI accounted for 39.5% of the deal count, a record, according to PitchBook. 💰 Learn more from @AGarfinks' latest edition of @TheTermSheet here ⬇️

“Bubbles are kind of a natural part of this," @OpenAI COO @bradlightcap told @agarfinks in the latest episode of Fortune's #TermSheet. https://t.co/JKspCfP1dk

EvenUp, which makes AI tools for personal injury law firms, raised a $150M Series E led by Bessemer at a $2B+ valuation, bringing its total funding to $385M (@agarfinks / Fortune) https://t.co/TCytsj9wPP https://t.co/uJmKNNIFON 📫 Subscribe:

In April, #TermSheet broke the news that @supabase had raised $200 million in an Accel-led Series D, valuing the company at $2 billion. Now, about five months later, Supabase has raised a $100 million Series E at a $5 billion valuation.