The creators of the open source project vLLM have announced that they transitioned the popular tool into a VC-backed startup, Inferact, raising $150 million in seed funding at an $800 million valuation. The round was co-led by Andreessen Horowitz and Lightspeed Venture Partners, confirming TechCrunch’s earlier reporting that vLLM has raised capital from a16z. Inferact’s debut mirrors the recent commercialization of the SGLang project as RadixArk, which sources told us secured capital at a $400 million valuation led by Accel, as we reported on Wednesday. As the focus in AI shifts from training models to deploying them in applications, a…

There’s a feeling of schadenfreude in Silicon Valley when a unicorn stumbles. So when the WSJ broke the news Thursday afternoon that Capital One will acquire Brex for $5.15 billion in cash and stock (Capital One issued an official release confirming the details 30 minutes later), you could practically hear the collective snickering from Sand Hill Road to San Francisco’s South Park. That figure represents less than half of Brex’s last private-market valuation of $12.3 billion from its 2022 Series D-2 round. Before everyone sharpens their knives, consider that for the VCs who backed Brex at its outset, the sale…

Vimeo, the video-hosting platform, is laying off some of its global staff, according to a report from Business Insider. The move comes shortly after the company’s acquisition by the Italian tech conglomerate Bending Spoons, which purchased it in an all-cash deal last year for $1.38 billion. Bending Spoons confirmed the layoffs to BI but wouldn’t share how many people would lose their jobs. The Verge reports that the cutbacks will impact a “large portion” of the company’s total workforce, citing a LinkedIn post from Vimeo’s former VP of Global Brand and Creative, who stated that he, “along with a large…

Kais Khimji has spent most of his professional career as a venture investor, including six years as a partner at the prominent VC firm Sequoia Capital. But just like several other former Sequoia partners — including David Vélez, who founded the Brazilian digital bank Nubank — Khimji (pictured left) has always wanted to be a startup founder. On Thursday, he announced that he has revived an idea he began working on as a student at Harvard about 10 years ago, turning it into the AI calendar-scheduling company Blockit. In a major vote of confidence, Khimji’s former employer, Sequoia, led the…