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TypeSafe AI, maker of the non-text model Jev, raised $870 million at a $7.5 billion valuation led by Andreessen Horowitz.
Why it matters: TypeSafe's $870M round at a $7.5B valuation weeks after Jev's launch shows how fast enterprise buyers are testing non-LLM automation models.
Menlo Ventures invested in AI coding startup Factory, part of the round Factory announced last month at a $5 billion valuation.
Why it matters: Menlo's investment in Factory lands days after Khosla publicly called the AI coding startup a struggling second-tier competitor, giving readers a concrete read on how VCs are lining up.
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