Applied Computing wants to give oil and gas operators an AI model for the entire plant

Applied Computing, a London-based startup that’s building a foundation AI model for the oil, gas and petrochemical industry, has raised a $20 million Series A led by engineering giant KBR, with Databricks Ventures participating. Founded in 2023, the startup targets oil, gas, refining and petrochemical systems, where a single facility can have thousands of sensors…

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Why Greylock capped its new fund at .5B when it says it may have raised extra

Why Greylock capped its new fund at $1.5B when it says it may have raised extra

Whereas many top-tier enterprise companies maintain elevating massively bigger funds, Greylock Ventures, one of many oldest and most prestigious enterprise companies in Silicon Valley, is deliberately resisting the pattern of ballooning fund sizes. On Tuesday, the 61-year-old agency introduced that it had raised a $1.5 billion 18th fund. The quantity is 50% larger than its…

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