PitchBook is a financial data provider covering private equity, venture capital and M&A deals. Recent coverage places PitchBook among the financial data owners, alongside LSEG and Daloopa, that supply AI labs and startups in Wall Street's three-layer AI market. Other stories covered Tolan's $30M raise and Superhuman's acquisition of Fathom.
OpenAI and Anthropic target Wall Street AI market in three layersWall Street's AI market is developing across three layers: financial data owners such as LSEG, Daloopa and PitchBook; workflow startups such as Rogo and Hebbia; and proprietary content providers such as Bloomberg and AlphaSense. Data providers supply both AI labs and startups, generating revenue regardless of which platforms win.
AI companion app Tolan raises another $30MAI companion app Tolan raised another $30M from investors including Union Square Ventures, Khosla Ventures and Homebrew, doubling its total funding. It reports double-digit-millions ARR, over 250,000 active users and 70 million-plus conversations in the past year; about 70% of users are women and 40% are parents.
Superhuman acquires notetaker FathomSuperhuman acquired YC-backed meeting notetaker Fathom, which reports over 400,000 monthly active users and more than 1 million recorded meetings. Fathom has raised over $30 million and was valued at $94 million in 2024; Superhuman had tested a notetaker internally but opted to buy an established product to integrate AI into its suite.
The A.I. Daily