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Why investing in growth-stage AI startups is getting riskier and more complicated

Why investing in growth-stage AI startups is getting riskier and more complicated

Making a bet on AI startups has never been so exciting — or more risky. Incumbents like OpenAI, Microsoft, and Google are scaling their capabilities fast to swallow many of the offerings of smaller companies. At the same time, new startups are reaching the growth stage much faster than they historically have. 

But defining “growth stage” in AI startups is not so cut-and-dried today. 

Jill Chase, partner at CapitalG, said on stage at TechCrunch AI Sessions that she’s seeing more companies that are only a year old, yet have already reached tens of millions in annual recurring revenue and more than $1 billion in valuation. While those companies might be defined as mature due to their valuation and revenue generation, they often lack much of the necessary safety, hiring, and executive infrastructure. 

“On one hand, that’s really exciting. It represents this brand new trend of extremely fast growth, which is awesome,” Chase said. “On the other hand, it’s a little bit scary because I’m gonna pay at an $X billion valuation for this company that didn’t exist 12 months ago, and things are changing so quickly.”

“Who knows who is in a garage somewhere, maybe in this audience somewhere, starting a company that in 12 months will be a lot better than this one I’m investing in that’s at $50 million ARR today,” Chase continued. “So it’s made growth investing a little confusing.”

To cut through the noise, Chase said it’s important for investors to feel good about the category and the “ability of the founder to very quickly adapt and see around corners.”

She noted that AI coding startup Cursor is a great example of a company that “jumped on the exact right use case of AI code generation that was available and possible given the technology at the time.”

However, Cursor will need to work to maintain its edge. 

“There will be, by the end of this year, AI software engineers,” Chase said. “In that scenario, what Cursor has today is going to be a little less relevant. It is incumbent on the Cursor team to see that future and to think, okay, how do I start building my product so that when those models come out and are much more powerful, the product surface represents those and I can very quickly plug those in and switch into that state of code generation?”

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Amazon’s rolling out a free software update for Echo Hub devices that gives the home screen a much-needed update to the interface it launched with in 2024. It had already added Alex Plus AI support, but the new interface has a cleaner, fully customizable layout that fits more smart home info and controls on the screen than the previous version.

A small touchscreen tablet on a counter next to some flowers.

The Echo Hub is also getting access to Ring AI’s Video Search feature that lets you use natural language to search through your smart home camera footage, as well as Alexa Plus summaries of detected camera events.

These are the five new features Amazon highlighted for the Echo Hub:

Organize by r …

Read the full story at The Verge.

#Amazons #Echo #Hub #customizable #Rings #featuresAmazon,Amazon Alexa,News,Smart Home,Tech">Amazon’s Echo Hub gets a customizable new look and Ring’s AI features


	
		

Amazon’s rolling out a free software update for Echo Hub devices that gives the home screen a much-needed update to the interface it launched with in 2024. It had already added Alex Plus AI support, but the new interface has a cleaner, fully customizable layout that fits more smart home info and controls on the screen than the previous version. 

The Echo Hub is also getting access to Ring AI’s Video Search feature that lets you use natural language to search through your smart home camera footage, as well as Alexa Plus summaries of detected camera events. 
These are the five new features Amazon highlighted for the Echo Hub:

Organize by r …
Read the full story at The Verge.#Amazons #Echo #Hub #customizable #Rings #featuresAmazon,Amazon Alexa,News,Smart Home,Tech

it launched with in 2024. It had already added Alex Plus AI support, but the new interface has a cleaner, fully customizable layout that fits more smart home info and controls on the screen than the previous version.

A small touchscreen tablet on a counter next to some flowers.

The Echo Hub is also getting access to Ring AI’s Video Search feature that lets you use natural language to search through your smart home camera footage, as well as Alexa Plus summaries of detected camera events.

These are the five new features Amazon highlighted for the Echo Hub:

Organize by r …

Read the full story at The Verge.

#Amazons #Echo #Hub #customizable #Rings #featuresAmazon,Amazon Alexa,News,Smart Home,Tech">Amazon’s Echo Hub gets a customizable new look and Ring’s AI features
Amazon’s Echo Hub gets a customizable new look and Ring’s AI features


	
		

Amazon’s rolling out a free software update for Echo Hub devices that gives the home screen a much-needed update to the interface it launched with in 2024. It had already added Alex Plus AI support, but the new interface has a cleaner, fully customizable layout that fits more smart home info and controls on the screen than the previous version. 

The Echo Hub is also getting access to Ring AI’s Video Search feature that lets you use natural language to search through your smart home camera footage, as well as Alexa Plus summaries of detected camera events. 
These are the five new features Amazon highlighted for the Echo Hub:

Organize by r …
Read the full story at The Verge.#Amazons #Echo #Hub #customizable #Rings #featuresAmazon,Amazon Alexa,News,Smart Home,Tech

Amazon’s rolling out a free software update for Echo Hub devices that gives the home screen a much-needed update to the interface it launched with in 2024. It had already added Alex Plus AI support, but the new interface has a cleaner, fully customizable layout that fits more smart home info and controls on the screen than the previous version.

A small touchscreen tablet on a counter next to some flowers.

The Echo Hub is also getting access to Ring AI’s Video Search feature that lets you use natural language to search through your smart home camera footage, as well as Alexa Plus summaries of detected camera events.

These are the five new features Amazon highlighted for the Echo Hub:

Organize by r …

Read the full story at The Verge.

#Amazons #Echo #Hub #customizable #Rings #featuresAmazon,Amazon Alexa,News,Smart Home,Tech

Humanoids aren’t quite ready to replace factory workers, but the industry can’t wait. Faced with labor shortages, manufacturers have shown growing interest in startups that promise faster automation without the usual tradeoffs.

That’s the bet behind Theker, an AI robotics startup that aims to go beyond robots trained for a single task. “If you always have to put the same cookie in the same box, that works perfectly, but most processes aren’t like that,” co-founder Carla Gómez Cano told TechCrunch.

Theker is designed for that messier reality. Unlike humanoid robots designed around a fixed form — think Boston Dynamics — Theker’s machines are built to be reconfigured. Their hands, arms, and overall form can be swapped out or resized depending on the task, whether that’s sorting packages, packing clothing, or handling bottles and cans in a warehouse.

That Inditex, Zara’s parent company, signed on as an early backer is a signal of where Theker’s ambitions start, not where they end. The company’s broader goal is to move beyond retail into heavier industrial settings like manufacturing, where the complexity and scale of manual tasks is even greater.

This generalist ambition has helped cement Theker’s status as one of Europe’s hot startups to watch — and raise capital accordingly. The Barcelona-based startup has just raised $85 million in what it’s calling “Europe’s largest ever robotics Series A.” (We haven’t found a larger one in our records, either.)

Less than a year after a record seed round, this Series A was led by American VC firm CRV and backed by a mix of traditional and strategic investors, including Samsung and Aglaé Ventures, the investment vehicle tied to LVMH chairman Bernard Arnault.

Gómez Cano said Samsung is not a client yet but that the two are in advanced discussions. Theker would welcome having the Korean company as a customer, supplier, and investor simultaneously — a trifecta that would give the startup both revenue and credibility in manufacturing at scale.

She also noted that she and co-founder Jiaqiang Ye Zhu “didn’t build Theker to run pilots,” so the team skips innovation departments entirely and goes straight to logistics or operations, where deals are real and timelines are shorter.

To demonstrate that the company can actually deliver on that, Theker has a showroom in central Barcelona, and plans to open others as it expands across Europe, the U.S. and Asia. It will also grow its headcount across tech, deployment, and sales.  

“We already received 15,000 job applications and have to filter like crazy,” Gómez Cano said. She estimated that the team could grow from dozens to up to 120 people by the end of the year, then caught herself: “I am saying that, but I also said that we’d raise $30 or $40 million!” 

That Theker managed to raise twice its target also reinforces the startup’s conviction in keeping its HQ in Barcelona, a growing robotics hub, and in Europe’s tech ecosystem more broadly. “It has never been a barrier to acceleration for us, so we are making the most of it,” Gómez Cano said.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

#Theker #raised #85M #build #factory #robot #doesnt #specialize #TechCrunchAutomation,theker">Theker just raised M to build the factory robot that doesn’t specialize in anything | TechCrunch
Humanoids aren’t quite ready to replace factory workers, but the industry can’t wait. Faced with labor shortages, manufacturers have shown growing interest in startups that promise faster automation without the usual tradeoffs.

That’s the bet behind Theker, an AI robotics startup that aims to go beyond robots trained for a single task. “If you always have to put the same cookie in the same box, that works perfectly, but most processes aren’t like that,” co-founder Carla Gómez Cano told TechCrunch.







Theker is designed for that messier reality. Unlike humanoid robots designed around a fixed form — think Boston Dynamics — Theker’s machines are built to be reconfigured. Their hands, arms, and overall form can be swapped out or resized depending on the task, whether that’s sorting packages, packing clothing, or handling bottles and cans in a warehouse.



That Inditex, Zara’s parent company, signed on as an early backer is a signal of where Theker’s ambitions start, not where they end. The company’s broader goal is to move beyond retail into heavier industrial settings like manufacturing, where the complexity and scale of manual tasks is even greater.

This generalist ambition has helped cement Theker’s status as one of Europe’s hot startups to watch — and raise capital accordingly. The Barcelona-based startup has just raised  million in what it’s calling “Europe’s largest ever robotics Series A.” (We haven’t found a larger one in our records, either.)

Less than a year after a record seed round, this Series A was led by American VC firm CRV and backed by a mix of traditional and strategic investors, including Samsung and Aglaé Ventures, the investment vehicle tied to LVMH chairman Bernard Arnault.

Gómez Cano said Samsung is not a client yet but that the two are in advanced discussions. Theker would welcome having the Korean company as a customer, supplier, and investor simultaneously — a trifecta that would give the startup both revenue and credibility in manufacturing at scale. 


She also noted that she and co-founder Jiaqiang Ye Zhu “didn’t build Theker to run pilots,” so the team skips innovation departments entirely and goes straight to logistics or operations, where deals are real and timelines are shorter.

To demonstrate that the company can actually deliver on that, Theker has a showroom in central Barcelona, and plans to open others as it expands across Europe, the U.S. and Asia. It will also grow its headcount across tech, deployment, and sales.  

“We already received 15,000 job applications and have to filter like crazy,” Gómez Cano said. She estimated that the team could grow from dozens to up to 120 people by the end of the year, then caught herself: “I am saying that, but I also said that we’d raise  or  million!” 







That Theker managed to raise twice its target also reinforces the startup’s conviction in keeping its HQ in Barcelona, a growing robotics hub, and in Europe’s tech ecosystem more broadly. “It has never been a barrier to acceleration for us, so we are making the most of it,” Gómez Cano said.
When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.#Theker #raised #85M #build #factory #robot #doesnt #specialize #TechCrunchAutomation,theker

Theker, an AI robotics startup that aims to go beyond robots trained for a single task. “If you always have to put the same cookie in the same box, that works perfectly, but most processes aren’t like that,” co-founder Carla Gómez Cano told TechCrunch.

Theker is designed for that messier reality. Unlike humanoid robots designed around a fixed form — think Boston Dynamics — Theker’s machines are built to be reconfigured. Their hands, arms, and overall form can be swapped out or resized depending on the task, whether that’s sorting packages, packing clothing, or handling bottles and cans in a warehouse.

That Inditex, Zara’s parent company, signed on as an early backer is a signal of where Theker’s ambitions start, not where they end. The company’s broader goal is to move beyond retail into heavier industrial settings like manufacturing, where the complexity and scale of manual tasks is even greater.

This generalist ambition has helped cement Theker’s status as one of Europe’s hot startups to watch — and raise capital accordingly. The Barcelona-based startup has just raised $85 million in what it’s calling “Europe’s largest ever robotics Series A.” (We haven’t found a larger one in our records, either.)

Less than a year after a record seed round, this Series A was led by American VC firm CRV and backed by a mix of traditional and strategic investors, including Samsung and Aglaé Ventures, the investment vehicle tied to LVMH chairman Bernard Arnault.

Gómez Cano said Samsung is not a client yet but that the two are in advanced discussions. Theker would welcome having the Korean company as a customer, supplier, and investor simultaneously — a trifecta that would give the startup both revenue and credibility in manufacturing at scale.

She also noted that she and co-founder Jiaqiang Ye Zhu “didn’t build Theker to run pilots,” so the team skips innovation departments entirely and goes straight to logistics or operations, where deals are real and timelines are shorter.

To demonstrate that the company can actually deliver on that, Theker has a showroom in central Barcelona, and plans to open others as it expands across Europe, the U.S. and Asia. It will also grow its headcount across tech, deployment, and sales.  

“We already received 15,000 job applications and have to filter like crazy,” Gómez Cano said. She estimated that the team could grow from dozens to up to 120 people by the end of the year, then caught herself: “I am saying that, but I also said that we’d raise $30 or $40 million!” 

That Theker managed to raise twice its target also reinforces the startup’s conviction in keeping its HQ in Barcelona, a growing robotics hub, and in Europe’s tech ecosystem more broadly. “It has never been a barrier to acceleration for us, so we are making the most of it,” Gómez Cano said.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

#Theker #raised #85M #build #factory #robot #doesnt #specialize #TechCrunchAutomation,theker">Theker just raised $85M to build the factory robot that doesn’t specialize in anything | TechCrunch

Humanoids aren’t quite ready to replace factory workers, but the industry can’t wait. Faced with labor shortages, manufacturers have shown growing interest in startups that promise faster automation without the usual tradeoffs.

That’s the bet behind Theker, an AI robotics startup that aims to go beyond robots trained for a single task. “If you always have to put the same cookie in the same box, that works perfectly, but most processes aren’t like that,” co-founder Carla Gómez Cano told TechCrunch.

Theker is designed for that messier reality. Unlike humanoid robots designed around a fixed form — think Boston Dynamics — Theker’s machines are built to be reconfigured. Their hands, arms, and overall form can be swapped out or resized depending on the task, whether that’s sorting packages, packing clothing, or handling bottles and cans in a warehouse.

That Inditex, Zara’s parent company, signed on as an early backer is a signal of where Theker’s ambitions start, not where they end. The company’s broader goal is to move beyond retail into heavier industrial settings like manufacturing, where the complexity and scale of manual tasks is even greater.

This generalist ambition has helped cement Theker’s status as one of Europe’s hot startups to watch — and raise capital accordingly. The Barcelona-based startup has just raised $85 million in what it’s calling “Europe’s largest ever robotics Series A.” (We haven’t found a larger one in our records, either.)

Less than a year after a record seed round, this Series A was led by American VC firm CRV and backed by a mix of traditional and strategic investors, including Samsung and Aglaé Ventures, the investment vehicle tied to LVMH chairman Bernard Arnault.

Gómez Cano said Samsung is not a client yet but that the two are in advanced discussions. Theker would welcome having the Korean company as a customer, supplier, and investor simultaneously — a trifecta that would give the startup both revenue and credibility in manufacturing at scale.

She also noted that she and co-founder Jiaqiang Ye Zhu “didn’t build Theker to run pilots,” so the team skips innovation departments entirely and goes straight to logistics or operations, where deals are real and timelines are shorter.

To demonstrate that the company can actually deliver on that, Theker has a showroom in central Barcelona, and plans to open others as it expands across Europe, the U.S. and Asia. It will also grow its headcount across tech, deployment, and sales.  

“We already received 15,000 job applications and have to filter like crazy,” Gómez Cano said. She estimated that the team could grow from dozens to up to 120 people by the end of the year, then caught herself: “I am saying that, but I also said that we’d raise $30 or $40 million!” 

That Theker managed to raise twice its target also reinforces the startup’s conviction in keeping its HQ in Barcelona, a growing robotics hub, and in Europe’s tech ecosystem more broadly. “It has never been a barrier to acceleration for us, so we are making the most of it,” Gómez Cano said.

When you purchase through links in our articles, we may earn a small commission. This doesn’t affect our editorial independence.

#Theker #raised #85M #build #factory #robot #doesnt #specialize #TechCrunchAutomation,theker

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