Cyan Banister is stepping down from her role as partner at Founders Fund, the venture firm founded by Peter Thiel, in order to join another venture firm, Axios reports. Banister joined Founders Fund in 2016, where she invested in companies in the augmented reality and fertility space, and led deals in companies like HQ Trivia, Postmates, and the male contraceptive Contraline. In an interview...
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Chatbot Startup Character Seeks $250 Million, Testing Investor Appetite for AI
Character, an AI chatbot startup founded by two former Google researchers, has told investors it wants to raise as much as $250 million in new funding, according to two people with direct knowledge of the matter. The pitch will test investors’ appetite for machine-learning startups as Microsoft’s multibillion-dollar deal with OpenAI casts a halo over the sector. A funding round of...
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