Index Ventures Secures New Capital and TSMC Hits $1T

Author

Noel Moldvai
July 11, 2024

Good Afternoon! It’s hot as heck here in Texas and there is only one thing that’s keeping us going… Free Slurpees at 7-Eleven (happy birthday 7-Eleven)! Some exciting fundraising news and TSMC becoming the most valuable company in Asia should keep you busy while you’re enjoying your free Slurpee.

TL;DR

  • Index Ventures secures $2.3 billion in new funds.

  • TSMC hits record peak due to AI demand surge.

  • Hebbia secures $130M in Series B funding.

  • Helsing achieves a $5.4 billion valuation.

Index Ventures secures $2.3 Billion

Index Ventures announced $2.3 billion in new funds for tech startups, with $800 million for venture investments and $1.5 billion for growth and late-stage companies. This amount is slightly smaller than previous funds, reflecting current market conditions. The firm emphasizes a strategic, intentional approach, focusing on AI and other high-potential areas.

TSMC hit peak Market Cap due to AI Demand

TSMC hit a record high after strong Q2 revenue from AI chip demand, becoming Asia's most valuable company with a market value over $1 trillion. Shares rose 80% this year, outperforming Taiwan's index. Foreign investors contributed $4.8 billion to Taiwan's stock market, highlighting continued optimism in AI-driven growth.

Hebbia Secures $130M in Series B

Hebbia raised $130M Series B from major investors to revolutionize AI in the workplace. They aim to create AI that works like humans, enhancing productivity and transparency for knowledge workers. Deployed at leading firms, Hebbia has significantly increased revenue and headcount, positioning itself as a pivotal product in AI's evolution.

Helsing hits $5.4B Valuation

Helsing, a German defense AI software startup, raised $489 million led by General Catalyst, valuing it at $5.4 billion. The software enhances weapons capabilities and battlefield decision-making. Active in Ukraine and Baltic states, Helsing's funding coincides with the NATO summit. This round marks a significant investment in defense tech amidst a slower funding year.

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Until next week!

Cheerio,
-Noel