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Jack Kubinec / Fortune : Ciridae, which is developing AI to streamline back-office operations for real-economy businesses, raised a $20M seed led by Accel, with a16z participating   —  AI is swiftly rewiring the way people work, but an outsize amount of this workplace revolution has so far been confined to Fortune 500-style companies.

Lauren Sherman / Puck : Source: Shein is acquiring DTC clothing retailer Everlane, which focuses on sustainability and “radical transparency”, in a $100M deal   —  The Millennial D.T.C. company built a global brand based on sustainability and radical transparency.  Now, after a years-long slump …

The Information : Analysis: 34 leading AI startups are generating ~$80B in annualized revenue, up 112% from six months ago, with Anthropic and OpenAI capturing 89% of the revenue   —  Anthropic and OpenAI are widening the revenue gap between themselves and the rest of the AI startup field.

The Hacker News : Grafana says hackers have accessed its GitHub environment and demanded a ransom to prevent the release of its codebase; Grafana refused to pay   —  Grafana has disclosed that an “unauthorized party” obtained a token that granted them the ability to access the company's GitHub environment and download its codebase.