Big Five pull back on startup buying

Plus, another health care AI startup gets big bucks July 28, 2023 Hi, {NAME}. If you think the usually acquisitive deepest-pocketed names in U.S. tech are in the market to add to their portfolios, think again. While the “Big Five” — [Apple]( [Microsoft]( [Google]( [Amazon]( and [Nvidia]( — dished out a lot of cash in 2022, their M&A deals so far this year show considerable restraint. We dig into the numbers to find exactly [which startups checked all the M&A boxes]( for tech’s biggest names so far in 2023. ⏮ [‘Big Five’ tech companies step back from startup M&A]( As private market exits go, selling your startup to an acquirer at a great price is a preferred path. But as [the current M&A slowdown]( continues, even the most acquisitive public tech companies are keeping a tight grip on their cash. We compare the past M&A spending by tech’s behemoths to their 2023 acquisitions. Related Crunchbase Pro list: [M&A Deals Made By The 5 Most Valuable Tech Companies In 2023]( 🩺 [Health care AI startups get funding boost]( [RapidAI]( whose platform uses AI to help diagnose neurovascular, cardiac and vascular diseases, is the latest startup to raise investment to help with how we care for ourselves using AI. The company joins other AI-enhanced health care startups funded in July. 🕸 [Inside Sam Altman’s wide web of investments]( You think [Elon Musk]( has a lot of businesses and side hustles? Check out fellow [OpenAI]( co-founder [Sam Altman](. Altman has likely invested in hundreds of startups, from Musk’s [Neuralink]( to AI and crypto projects, to a startup attempting to disrupt the blood-testing business (no, not that one), and at least nine unicorns. Related Crunchbase Pro list: [Sam Altman’s Venture Investments]( ⬇️ [The big slowdown: M&A numbers drop to post-recession lows]( [Databricks]( planned $1.3 billion acquisition of [MosaicML]( sparked renewed optimism that the startup M&A market could be rebounding, especially with AI leading the charge. But so far, anyway, the numbers appear to be trending in the wrong direction: Through the first half of this year, the number of U.S.-based, VC-backed startups acquired appears to be on par with the depressed M&A figures we saw coming out of the 2008 recession. Related Crunchbase Pro list: [M&A Involving US-Based, VC-Backed Startups]( 🦄 [New AI unicorns trot onto leaderboard]( Six companies joined [The Crunchbase Unicorn Board]( last month — half of them from the AI sector. What’s more striking, however, is how drastically new unicorn counts have fallen — a year ago, 32 new unicorns joined the board. The decline in new billion-dollar startups comes as previously minted unicorns also see their valuations reset, sometimes dramatically. ➡️ [The Billion-Dollar Exits Board: Track large IPOs, SPACs and M&A]( Check out [The Crunchbase Billion-Dollar Exits Board]( a curated list of U.S. startup exits — IPOs, SPACs, mergers and acquisitions, and other deals — valued at $1 billion or more, powered by [Crunchbase]( comprehensive data. [Crunchbase ROI Calculator]( [See the number of new accounts Crunchbase can add to your funnel with our advanced prospecting ROI calculator powered by Crunchbase data.]( [Calculate]( Recent Investments [Xpeng Motors]( [$700M]( / [Post-IPO Equity]( Xiaopeng Motors is an electric vehicle and technology company that designs and manufactures smart cars. Categories: Automotive • Autonomous Vehicles • Electric Vehicle • Manufacturing Founders: [Heng Xia]( [Xiaopeng He]( Investors: [Volkswagen Group]( (Lead) [Mercury Financial]( [$200M]( / [Debt Financing]( Mercury Financial is a financial services company that develops and manages credit cards and personal loans. Categories: Consumer Lending • Credit Cards • Financial Services Investors: [Neuberger Berman Group]( (Lead) [RapidAI]( [$75M]( / [Series C]( RapidAI empowers clinicians to make accurate diagnostic and treatment decisions for stroke and aneurysm patients. 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