Atlan raises $105Mn in Series C. Incredible round!

- OpenAI is aiming to raise at least $5bn at a $150bn valuation from investors like Apple, Nvidia, Microsoft, and Thrive Capital. - The San Francisco-based AI start-up is in talks with investors to fund its ambitious AI model development plans. - Thrive Capital, led by Josh Kushner, is expected to invest $1bn in this round. - The total fundraising could exceed $6.5bn, with Microsoft already having committed $13bn to OpenAI. - Despite rapid growth and $2bn in annual revenue, OpenAI remains lossmaking due to high development costs and increasing competition. Source: [Financial Times](https://www.ft.com/content/dde0855e-4543-4d3a-8ff5-e6fb3c3ff305)

Let's ignore what's wrong with startups, keep this an optimistic thread. Which startups make you excited about their future? The ones that have cracked product, GTM, model, or something else. Name the best Indian startups :)

- Centricity, a Gurugram-based wealth management platform, secured $20 million in seed funding led by Lightspeed, valuing the company at $125 million. - The funding round saw participation from Burman Family Office, Shantanu Agarwal, Paramark VC, and several family offices including MS Dhoni and NB Ventures. - The funds will be used to enhance Centricity's tech stack, boost its sales team, and expand operations across India, including new financial offerings like insurance and stock broking. - Founder Manu Awasthy highlighted the company's rapid growth, noting a valuation increase from $20 million to $125 million in just two years. - Centricity's business model includes a B2C arm for ultra-high-net-worth individuals and a B2B2C arm to empower financial intermediaries in smaller cities. Source: [Moneycontrol](https://www.moneycontrol.com/technology/wealth-management-platform-centricity-raises-20-mn-in-seed-round-led-by-lightspeed-article-12819976.html)

- The Hosteller has raised Rs 32 crore ($4 million) in its Series A round led by V Cube Ventures. - The funding round saw participation from Lets Venture Angel Fund, Angelist, and other investors. - The funds will be used for hostel expansion, marketing, and general purposes. - This is the first funding round for the company in three years, following a $1 million seed round in 2021. - The Hosteller plans to add 75 new properties this year, competing with goSTOPS, Wudstay, and Backpackers Panda. Source: [Entrackr](https://entrackr.com/2024/09/exclusive-the-hosteller-kicks-off-series-a-round/)

- AstroForge, an asteroid mining company, has raised $40 million in Series A funding, bringing their total to $55 million. - The company plans to launch its second spacecraft, Odin, later this year to fly by a metallic-rich asteroid. - Their first mission, Brokkr-1, faced challenges but provided valuable lessons for future missions. - AstroForge's third mission, Vestri, aims to dock with an asteroid using magnets and sample its composition. - The company is tracking several candidate asteroids for its missions, with plans to launch Vestri in 2025. Source: [Ars Technica](https://arstechnica.com/space/2024/08/against-all-odds-an-asteroid-mining-company-appears-to-be-making-headway/)

- Bengaluru-based fintech startup Stable Money has raised INR 123.5 Cr (about $14.7 Mn) in its Series A funding round led by RTP Capital. - The round also saw participation from existing investors Matrix Partner and Lightspeed Ventures. - The board at Stable Money passed a special resolution to issue 77,135 Series A Compulsory Convertible Preference Shares (CCPS) at an issue price of INR 16,019 each to raise INR 123.56 Cr, as per regulatory filings. - The financing round appears to be ongoing and Stable Money is likely to raise more capital in Series A funding. - Founded by Saurabh Jain and Harish Reddy in 2022, Stable Money offers fixed-return asset investment opportunities for retail investors, such as access to fixed deposits, debt mutual funds, and bonds. Source: Inc42