Makers Fund vs Tiger Global

Makers Fund raises $250M Fund IV

Makers Fund announces $250M Fund IV, along with several portfolio company funding news.

Makers Fund Closes $250M Fund IV

Makers Fund, a venture capital firm founded in 2016, has closed its fourth fund at $250 million, bringing its assets under management to $1.5 billion. Fund IV will invest globally across stages in the next generation of games and interactive entertainment, and the firm said it is expanding beyond games into consumer apps, entertainment and creation platforms. Makers has invested in more than 90 portfolio companies and reports that its $180m Fund I has distributed 3.6x the capital invested. The firm said it will use equity, project financing and marketing financing as needed to back founders.

• Makers Fund closed its fourth fund (Fund IV) at $250 million.
• The firm’s total assets under management rose to $1.5 billion.
• Makers has invested in more than 90 portfolio companies since its 2016 founding.

Atomontage rebuilds Virtual Matter for browser AI UGC

Atomontage has rebuilt its Virtual Matter creation platform to enable browser-based user-generated multiplayer games that players can enter via a link with no install. The platform uses ordered, compressed volumetric samples streamed progressively to phones, and adds an optional, model-agnostic AI agent for creation; expensive GPU inference is separated from CPU-only game hosting so play remains low-cost. Atomontage is backed by Makers Fund, Hartmann Capital and a group of angel investors. The company charges makers subscriptions plus metered AI credits, plans a marketplace and engine royalty model, and expects standalone export to itch.io and Steam later in 2026. Cofounders Daniel Tabar and Branislav Siles position the tech as lowering the floor for creators while raising the ceiling for professional designers.

• Atomontage rebuilt its Virtual Matter platform to enable browser-based UGC multiplayer worlds that load from a link with no install.
• The platform uses ordered, compressed volumetric samples streamed progressively to devices and stores persistent, editable world state.
• AI assistance is optional and model-agnostic; GPU inference for creation is routed separately while world simulation and multiplayer run on CPU-only servers.

Deepgram acquires Daily to bolster voice AI infrastructure

Deepgram, a leading provider of speech-to-text and voice AI models, has announced the acquisition of Daily, the company behind the popular open-source voice AI framework Pipecat. The financial terms of the deal were not disclosed, but Deepgram has committed to keeping Pipecat open source. Pipecat manages voice and video streams, integrating STT, LLMs, and TTS while reducing latency. Deepgram aims to leverage Pipecat to enhance its real-time voice and video infrastructure, allowing developers to build expressive voice agents with pluggable models. Additionally, Deepgram is launching the Real-Time Context Standard (RCS), an open protocol co-developed with the Pipecat team, to standardize metadata in voice AI interactions. Daily had raised over $62 million from investors like Tiger Global and has been part of Y Combinator, like Deepgram.

• Deepgram acquires Daily, maker of open-source voice AI framework Pipecat
• Deal amount undisclosed; Pipecat remains open source
• Daily had raised over $62 million from Tiger Global and others

Snyk Lays Off Over 200, Revenues Top $300M

Snyk, the cybersecurity firm co-founded in London and Tel Aviv, laid off over 200 employees in June 2026, more than double the initial reports of 90. This was revealed in a new filing at Companies House. The reduction in force represents about 20% of its global workforce, impacting employees in the US and Israel, with a financial charge of up to $13.8 million. Despite the layoffs, Snyk's revenues grew 11% to $309 million in the fiscal year ending 2025, attributed to new customer wins. However, losses increased from $169 million to $189 million due to higher investments. The company, now headquartered in Boston, has raised over $1 billion from investors including Tiger Global and was valued at $8.5 billion in 2021. Snyk continues to build its AI security business, having acquired Invariant Labs in 2025.

• Snyk laid off over 200 employees in June 2026, representing about 20% of its global workforce.
• Revenues reached $309 million in fiscal year 2025, up 11% year-over-year.
• Losses increased from $169 million to $189 million.