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For years, venture capitalists have been skeptical of beverage startups, citing thin margins and brutal distribution as reasons most brands never break out. But a new wave of “functional soda” companies has been challenging that assumption, includ…
Instead of relying on expensive management consultants, the startup uses AI voice agents to conduct interviews with customers of the companies the PE firms are considering buying.
The deal is structured as an acquihire of nine key Cleanlab’s researchers.
The deal is expected to yield significant returns for Armis investors, including Sequoia, CapitalG, and Insight Partners.
Alphabet is set to pay $4.75 billion in cash, plus debt, for the data center and clean energy developer.