Startup

Periodic Labs, which plans to push breakthroughs in physics and chemistry using artificial intelligence, has seen its valuation jump sixfold in just eight months.

Cofounded in 2019 by former consultant Jennifer Smith, Scribe’s software helps hundreds of thousands of companies record what their employees do so AI agents can take over repetitive tasks in the future.

AI is writing more code than humans—and much of it isn’t secure. Corridor’s founders think they’ve found a way to catch the mistakes before attackers do.

For years, Australia’s startup ecosystem has wrestled with a stubborn reality: if you weren’t technical, your odds of founding and funding a venture dropped dramatically. And because computer science classrooms have long skewed male, that technical barrier is one major aspect reinforcing the gender funding gap.

Heron Power, backed by Andreessen Horowitz and Breakthrough Energy, is scaling up production of solid-state transformers that move power to the grid more efficiently.

Stockholm-based Lovable has hit over $100 million in annualized revenue in just eight months by using AI to enable millions of non-coders to instantly turn their ideas into websites, apps and online side hustles.

New York-based Jones just raised $10 million to expand its nicotine lozenge company in the stodgy, $3 billion smoking cessation market.

Of the Next Billion-Dollar Startups list’s 225 alumni, 131, or 58%, became unicorns, including DoorDash, Figma, Anduril, Benchling and Rippling. This year, the list is dominated by artificial intelligence.

Vogt, who resigned from the self-driving car company amid a crisis just six months ago, landed a $550 million valuation for a new company that wants to sell robots for personal uses like cleaning your house.

Notion co-founder Ivan Zhao captivated Silicon Valley investors and everyday consumers alike with a sleek productivity app that went so viral its servers crashed. Now, the profitable startup’s CEO sees a rare opening to break Microsoft and Google’s dominance in the workplace by going early and aggressive on AI.