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January almost had its first pentacorn, and other startup news


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Image Credits: May Mobility Green light: Dutch semiconductor giant NXP announced plans to acquire TTTech Auto, a VC-backed Austrian spinoff specializing in safety software for autonomous vehicles, in an all-cash transaction valued at $625 million. Healthy match: Healthcare analytics platform H1 acquired Ribbon, a Y Combinator alum that helps patients find doctors supported by their insurance and that had raised funding from a16z and General Catalyst. Image Credits: David Paul Morris/Bloomberg (opens in a new window)/ Getty ImagesVC investment in some emerging markets declined by more than 40% in 2024, and ​​over half of global VC funding went to Silicon Valley.

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