OpenAI board member Bret Taylor has a new AI startup

Published: Feb. 14, 2024, 3 p.m.

Welcome to our Wednesday show, in which we talk through the week\u2019s leading startup and venture capital news. Today we have an absolute pile of material, so let\u2019s get to work:\n\nBret Taylor\u2019s new startup is turning heads: Known for his work at Facebook, Salesforce and OpenAI, Taylor\u2019s new startup Sierra is building conversational AI agents. It has raised a mountain of capital to date, which it might need given that it\u2019s not alone in its niche.\nFlowFi\u2019s counter-cultural decision: FlowFi is building software to help startups keep their books more intelligently. But it\u2019s not going to try and replace human inputs into financial work. Instead, it\u2019s pairing its software with a labor marketplace so that startups can blend human and computer intelligence. If this means more GAAP accounting for startups, we\u2019re here for it.\nBold and Antithesis snag new capital:\xa0Bold raised $50 million for its Latin American fintech business, in good news for the sector and region that once went together like peanut butter and honey. Meanwhile Antithesis raised $47 million for its software testing service.\nHomebrew up, Foundry out: Homebrew is putting together an interesting new $50 million fund, while Foundry has announced that after its current, $500 million fund, it\u2019s out of the game.