Exa raised $250M at a $2.2B valuation, led by a16z, to continue organizing the web for agents: - Exa now serves search to Cursor, Cognition, Openrouter, 5000 other companies, 500k developers - We’re SOTA in many important verticals (code, companies, people, news, more very soon) - We make agents smarter and cheaper by returning 90% less text with little to no tradeoff in RAG quality - We’re building out web agents that are Pareto optimal on price x performance x latency, possible because we own our search stack fully end to end We used to tell candidates that without innovation in search, we may live in a world where we have both AGI and fake news. Funnily enough, I think that we’ve now been living in such a world for quite some time. With this funding, we should be able to dramatically improve the state of information in society. 🚀🚀🚀

News to share: the Blocknative team has joined Deloitte. It's been eight-plus years. Thousands (more?) of conversations. Too many talks, panels, blog posts, and podcast appearances to track. A team that refused to ship anything we weren't proud of. Grateful for each and every one of you. Onward. 🫡

a year ago @contrarianmarco and i sketched something on a piece of paper and called it "phase two." today it's live! this launch is the biggest one in ostium's protocol history so far. it's the first time onchain perps connect to traditional markets. thankful to our institutional partners and super proud of the killer team we've assembled, particularly over the last 4 months, to make this happen. we've come a long way from the nerdy college kids who started ostium out of my dorm room - here's marco and me the day we got our first check! and yes, he wore collared shirts even then, although now he wears a suit and tie every single day without fail :)