The Brutalist Report

Techmeme

• Ciridae, which is developing AI to streamline back-office operations for real-economy businesses, raised a $20M seed led by Accel, with a16z participating (Jack Kubinec/Fortune) [58d]
• Source: Shein is acquiring US DTC brand Everlane from its majority owner, L Catterton, in a $100M deal; Everlane sought funding to clear ~$90M in debt (Lauren Sherman/Puck) [58d]
• Analysis: 34 leading AI startups are generating ~$80B in annualized revenue, up 112% from six months ago, with Anthropic and OpenAI capturing 89% of the revenue (The Information) [58d]
• Grafana says hackers have accessed its GitHub environment and demanded a ransom to prevent the release of its codebase; Grafana refused to pay (The Hacker News) [58d]