Meet the startup taking on Nvidia

This is our startup-focused, Wednesday episode, so today we’re counting down important venture rounds and chatting our way through other startup and VC news. Here’s the rundown:

Plex raises $40M, targets profitability: The media streaming company thinks that it can reach black ink by the end of this year, or early 2025. Not bad for a very expensive industry.Rebellions raises $124M to take on Nvidia: What is designing new AI chips and is partnered up with Samsung? Rebellions, which is now quite a lot richer in cash terms thanks to a new round.Nile is building a new data system for SaaS: Multi-tenancy is tricky, but why should SaaS companies have to reinvent the wheel?Aurora Solar joins the layoff parade: Solar is booming, but that doesn’t mean that vertical SaaS companies in the space are growing as fast as they planned.And on the venture front, Giant Ventures raised $250 million for two funds, Poland’s SMOK Ventures closed a new $25 million vehicle, while Ubiquity Ventures proves that solo GPs are not dead yet, want to go for a walk.

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