November 2024

Coatue is raising $1B for AI bets

Coatue Management, a hedge fund that invested heavily in tech startups during the pandemic-infused boom, is raising $1 billion to back AI-focused companies, Bloomberg reported on Monday. The funding, which…

Bowery Farming is ceasing operations

Agtech unicorn Bowery Farming is shutting down, according to PitchBook, which cited internal documents and multiple company employees. The New York-based agtech company was known for building vertical farms that…