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New funding rounds confirm that money attracts money
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Chatbots: Sierra, an AI customer service startup co-founded by OpenAI chairman Bret Taylor and longtime Google exec Clay Bavor, is valued at $4.5 billion after raising $175 million. Hot wave: Brightwave, a startup that developed an AI agent for asset managers, raised a $15 million Series A only four months after its seed round. Of the nearly 240 mega-rounds into U.S. startups that Crunchbase tracked so far this year, 87 went to biotech and healthcare, placing this category ahead of pure AI, although crossovers are common — for instance, in AI-enabled drug discovery.
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