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.

For episode transcripts and more, head to Equity’s Simplecast website.

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Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.

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