The Latest Breaking News from Term Sheet

Soci, a marketing automation platform, has surpassed $100 million in annual recurring revenue, Fortune can exclusively report.

Oprah, Stephen Colbert, Steve Harvey, Bill Gates, and A-Rod all seemed to be fans of Carlos Watson, the cofounder of Ozy Media. Today, there are no celebrities on hand or VC backers writing big checks. And interviews about Watson and Ozy Media are taking place on the witness stand in…

Battery Ventures is rethinking how it evaluates revenue in its industrial tech and life science tools business, and in doing so is proposing a new framework—the firm calls it the “revenue-quality podium.”

Databricks just acquired open source-focused data manager Tabular. Though we don’t know the exact contours of the deal, we know it’s north of $1 billion, making it the company’s second billion-dollar deal within 12 months.

In 2023, total VC deal activity in Japan shook out to $5.1 billion in value, across 1,213 deals, according to PitchBook.

Women’s health could be poised to enter an era of equity—but only if founders, funders, and public partners continue to support innovation.

New legislation may boost the amount of litigation.

The corporate VC fund has already backed 25 AI and data startups.

As his fintech preps for an eventual IPO, Sebastian Siemiatkowski believes experimenting with AI is crucial.

Y Combinator moved its headquarters out of Mountain View last year.

Carta’s latest scandal could be a turning point for the company—but its implications could ultimately be bigger than the embattled cap table unicorn.