Funding rounds, founder strategy and the operating reality of building technology companies. Reporting and analysis from Fathom Tech.
Bending Spoons acquired Miro and Airtable for $1.355 billion and $1.285 billion respectively, but their strong balance sheets and profitability didn't command premium valuations. The deals reveal what cash reserves actually buy—and what they don't.
As artificial intelligence becomes standard across nearly all software products, venture investors are shifting focus away from AI capabilities themselves toward the structural business advantages that can withstand well-funded competition.
Iman Abuzeid abandoned her medical career to tackle a larger problem: the healthcare industry's broken hiring process. Her startup, Incredible Health, has raised $97.5 million by flipping the script—making employers compete for workers instead.
The industrial robotics firm, founded in 2024, has demonstrated 99% uptime at a major consumer goods company and plans to deploy 250 additional robots with the fresh capital.