Move fast, don’t break things

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Hello reader,

You know the old Silicon Valley maxim, “Move fast and break things.” Yup, the one Facebook popularized. Everyone and their friends wanted to replicate Mark Zuckerberg’s magic, and so they experimented – a lot.

But if this week’s list is anything to go by, the latter half of that saying seems to be falling out of fashion.

Across the markets, money is going toward keeping things humming – from EVAS Intelligence scaling the chips needed to feed increasingly hungry AI workloads to Heidi giving stretched clinicians more capacity.

Things are still moving fast, but there’s a lot more focus on not breaking things along the way. It looks to me like the old startup gospel is losing some of its shine, as moving fast means increasingly little if everything falls apart once you get there.

I’d say it’s had a good run.

You can find all other important investment deals from the last few days in our weekly funding news wrap-up.

Let’s dive into the biggest deals that have recently taken place.

— Lilian

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The biggest deals by market

🇮🇱 Cyera is a cybersecurity firm founded in Israel, which is located in West Asia. It has raised US$400 million in a series G extension round from Goldman Sachs Alternatives.

🇨🇳 Headquartered in China, EVAS Intelligence is an autonomous driving chip developer. It has bagged US$300 million in a strategic investment round from Bloomsky, CTC Capital, China Fortune-Tech Capital, Eastern Bell Capital, Hengxu Capital, Huatai Securities, Saiyi Investment, Shang Qi Capital, and Winreal Investment.

🇦🇺 Heidi is an Australia-based healthcare startup that provides AI-powered medical scribe services. It has secured US$240 million in debt financing from General Catalyst.

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Startups that are raising funds

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Behind the Glasswall

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