Kyle Wiggers / TechCrunch:
Runway, which streamlines companies’ financial planning and integrates with accounting, data, and HR tools, raised a $27.5M Series A led by Initialized Capital — Cristóbal Valenzuela, the former president of Sandbox VR, the brick-and-mortar VR experience franchise, didn’t always have a strong grasp of finance.
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Stability AI CEO Prem Akkaraju, who was hired in June 2024, says the startup has seen "triple digit growth" and has "a clean balance sheet, no debt" (Kali Hays/Fortune)
Kali Hays / Fortune: Stability AI CEO Prem Akkaraju, who was hired in June 2024, …