Startups & Entrepreneurship
Profound Hits $1B Valuation Selling 'Meme Insurance' to Fortune 500—But Its API Dependency Is a Ticking Time Bomb
TL;DR * Profound raises $96M Series C to build AI-powered brand representation monitoring platform * Cadence completes acquisition of Hexagon AB’s Design and Engineering business for $160M incremental 2026 revenue * Constellation Energy reports $2.32B net income post-Calpine acquisition, stock surges 6% 🛡️ Profound Hits $1B Valuation: $96M Bet on AI