Monday, December 23, 2024

Who would have thought that you could get a $500 million valuation without launching a product?

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AI agent startup /dev/agents announced a massive $56 million seed round, bringing the company’s valuation to a whopping $500 million. The amount is impressive considering that the first version of the product will be available at least early next year. The reason for investor confidence, however, becomes a little clearer when you consider the founders’ pedigree: both /dev/agents co-founders worked on Google’s Android team in the early days of the smartphone era.

This round, and whether you should operate a “slash” when pronouncing a company name, was the first of many deals discussed on today’s episode of the Equity TechCrunch Podcast.

Listen to the full episode to hear hosts Margaux MacColl, Devin Coldewey and Anthony Ha talk about:

Equity will return next week, so stay tuned!

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