137 VENTURES RAISES $700M BEFORE SPACEX IPO
■ AI-SUMMARIZED FROM 3 SOURCES BELOW
137 Ventures, a major SpaceX backer, has raised $700 million across two new growth-stage funds. The move comes as the VC firm prepares for a potential windfall from SpaceX's expected public offering.
■ MORE FROM THE STARTUPS DESK
Y Combinator-backed subscription billing platform Skio has sold to competitor Recharge for $105M in an all-cash deal. The founder highlighted the exit as successful despite the company raising only $8M in total funding.
Casa, founded by former Uber executives, secured $27 million in funding including a $20 million Series A round. The company uses lidar scanners and artificial intelligence to catalog homes and coordinate preventive maintenance with human workers.
Standard Intelligence, an AI startup developing computer use models, secured $75 million in funding led by Sequoia and Spark Capital at a $500 million post-money valuation.
Legal AI startup Legora has reached a $5.6 billion valuation, escalating its competitive battle with rival Harvey. The two companies are locked in a high-stakes race, trading market expansions and competing advertising campaigns.