Millet Gilmore

Builder, creator, dreamer.

[Millet Gilmore @MilletGilmore]

https://t.co/4nCrFFCsJp

[Millet Gilmore @MilletGilmore]

Mistral closed $3.0B this week. Three of its four named backers are chipmakers, not funds.

Samsung, Nvidia, ASML, and Scaleup Fund. Three corporates and one growth vehicle, for a €3bn round with no traditional VC firm named as lead.

[Millet Gilmore @MilletGilmore]

Free traffic thread.

What's everyone working on this week?

[Millet Gilmore @MilletGilmore]

Growth-stage rounds are 20% of the fundraises we tracked over the last 30 days.

They're 80% of the dollars.

[Millet Gilmore @MilletGilmore]

@MistralAI just raised €3B (~$3.5B).

Backers: Samsung, Nvidia, ASML, and Scaleup Fund.

[Millet Gilmore @MilletGilmore]

https://t.co/4nCrFFCsJp

[Millet Gilmore @MilletGilmore]

@a16z was 95% of new venture fund capital announced this week.

$8.5B growth fund, expanded. $1.1B Machine Age fund, launched days apart. One firm, two vehicles, $9.6B.

[Millet Gilmore @MilletGilmore]

https://t.co/4nCrFFCsJp

[Millet Gilmore @MilletGilmore]

Cognition AI is raising ~$1B at a $47B valuation.

In May, it was $26B.

Four months, +81%, on the back of nearly $10B in investor interest for a single round.

[Millet Gilmore @MilletGilmore]

https://t.co/4nCrFFCsJp

[Millet Gilmore @MilletGilmore]

Pitch your startup link.

Let's drive some traffic.

[Millet Gilmore @MilletGilmore]

https://t.co/4nCrFFCsJp

[Millet Gilmore @MilletGilmore]

AI was 76% of every disclosed venture dollar in the last 30 days.

$32.1B of $42.1B in tracked rounds, across 81 of 124 distinct deals with disclosed terms.

[Millet Gilmore @MilletGilmore]

https://t.co/4nCrFFCsJp

[Millet Gilmore @MilletGilmore]

hat are you building right now?

Don't explain it.

Just drop the link.

[Millet Gilmore @MilletGilmore]

https://t.co/4nCrFFCsJp

[Millet Gilmore @MilletGilmore]

@a16z wrote 99% of the new fund capital publicly announced this week.

[Millet Gilmore @MilletGilmore]

https://t.co/4nCrFFCsJp

[Millet Gilmore @MilletGilmore]

83% of the fundraising dollars we tracked over the last 30 days went to growth-stage rounds.

Growth was only 24% of the deals.

[Millet Gilmore @MilletGilmore]

Instinct raised $350M this week.

The company is one year old...

#venture