Mythili Devarakonda joined The American Bazaar as a Staff Writer in October 2024. She holds a master’s degree in journalism from the University of Maryland, College Park. While her portfolio goes back to her teenage years, when she contributed to various online pop culture publications; her recent endeavors include working as a reporting fellow with USA Today, gaining millions of reads for her stories. She was also the audience engagement fellow for Chalkbeat, a non-profit publication covering education in America. Some of Mythili’s reportage has appeared in Maryland’s regional newspapers such as The Southern Maryland Chronicle and The Enquirer Gazette, as part of her capstone course where she worked on the data and graphics desk at Capital News Service.
Now, as part of The American Bazaar, Mythili hopes to serve the Indian American and South Asian communities with quality news.
Khosla Ventures, founded by Indian American billionaire Vinod Khosla in 2004, has been actively participating in major funding rounds for various startups in October. The investment firm has been focusing on disruptive innovation particularly in the fields of technology and healthcare.
One of the startups that received funding from Khosla Ventures is Genie AI, a legal tech startup based in London. Genie AI secured $17.8 million in Series A funding, with Google also participating in the funding round. The startup, which offers an AI-powered legal assistant for reviewing legal documents efficiently, plans to use the funding to expand its operations to the U.S.
Another healthcare startup, Even Healthcare, based in Bangalore, raised $30 million in a funding round led by Khosla Ventures. The startup provides services such as unlimited free consultations, diagnostic tests, and cashless hospitalization to its members. Other U.S.-based investors like Founders Fund, 8VC, and Lachy Groom also participated in the funding round.
In addition to these investments, Khosla Ventures also backed OpenAI with $405 million in a recent funding round. This investment increased Khosla’s stake in the AI company to at least 6%. Khosla Ventures had previously invested $50 million in OpenAI in 2019.
Furthermore, Khosla Ventures participated in Loti AI’s seed funding round, contributing to the $7 million raised by the startup. Loti AI focuses on leveraging advanced AI to combat deepfakes and unauthorized content on the internet.
Vinod Khosla, the trailblazing entrepreneur behind Khosla Ventures, has been a strong advocate of disruptive innovation, particularly in the field of AI. In a recent TED talk, Khosla emphasized the transformative power of AI, predicting that most expertise, such as primary healthcare and education, will become nearly free due to advancements in AI technology.
Before establishing Khosla Ventures, Vinod Khosla co-founded Sun Microsystems in 1982 and made significant wealth from early venture capital investments in disruptive technologies in clean energy, healthcare, and biotech. With degrees from prestigious universities and a background in pioneering technologies, Khosla continues to make waves in the investment landscape with his firm’s strategic funding decisions.
Overall, Khosla Ventures’ recent surge in investments in tech and healthcare startups solidifies its position as a leader in disruptive innovation and a standout investor among venture capital firms. Vinod Khosla’s vision for the future of AI and his strategic investment choices reflect his commitment to driving positive change through technology and innovation.
