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Who knew you could get a $500 million valuation without launching a product? | Equity Podcast

AI agent startup /dev/agents announced a massive $56M seed round, putting the company’s valuation at a whopping $500 million. The amount is impressive given the company won’t have a first version of its product available until at least early next year. The reason behind investors’ trust, however, becomes a bit clearer when you consider the…

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AI agent startup /dev/agents announced a massive $56M seed round, putting the company’s valuation at a whopping $500 million. The amount is impressive given the company won’t have a first version of its product available until at least early next year. The reason behind investors’ trust, however, becomes a bit clearer when you consider the founders’ pedigree:  /dev/agents’ co-founders were both on Google’s Android team during the early days of the smartphone era.

The round, as well as whether or not to include “slash” when pronouncing the company’s name, was the first of many deals discussed on today’s episode of TechCrunch’s Equity podcast. 

Listen to the full episode to hear hosts Margaux MacColl, Devin Coldewey and Anthony Ha dig into:

• How Yurts plans to become the DoD’s go-to AI integration platform and compete with AI chatbot the Pentagon is developing itself.
• Why ServiceTitan’s IPO keeps getting weirder and if it’s a sign of IPOs to come. 
• The latest wave of VC turnover, including Brian Singerman’s choice to step back from Founders Fund and Sriram Krishnan’s departure from a16z, and where they’re going next. The crew was left wondering if we’ll see other investors following in Krishnan’s footsteps. 
• Strange AI. Who is David Mayer? And why does ChatGPT hate him so much?

Equity will be back next week, so stay tuned!

Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Wednesday and Friday. 

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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Science & Technology

Startup Battlefield: Health Tech & Life Sciences Pitches | Disrupt 2026

Founders from around the world pitch expert judges and compete for the Startup Battlefield Cup and $100,000. Each team gets six minutes to pitch and six minutes of Q&A with judges Dr. V. Agrawal (ODDBIRD VC), Andrew Brackin (Gradient), Nell Daly (Revenge Capital), James Joaquin (Obvious Ventures), and Miloni Madan Presler (IVP). This cohort’s competitors…

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October 14, 2026

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Founders from around the world pitch expert judges and compete for the Startup Battlefield Cup and $100,000. Each team gets six minutes to pitch and six minutes of Q&A with judges Dr. V. Agrawal (ODDBIRD VC), Andrew Brackin (Gradient), Nell Daly (Revenge Capital), James Joaquin (Obvious Ventures), and Miloni Madan Presler (IVP).

This cohort’s competitors include…

Mosqitter: Detecting and preventing mosquito-borne disease spread with real-time disease intelligence platforms that turn sensor networks into early warning systems for national health agencies.

Hiyd AI: Delivering proactive health insights by combining sleep, movement, and nutrition data through an ultra-slim, discreet wearable tracker and AI app.

TimeTeller GmbH: Measuring people’s biological clocks to determine optimal treatment timing through molecular diagnostics and AI, improving efficacy and reducing side effects.

NTangible: Helping coaches and front offices make smarter recruiting decisions by quantifying how athletes perform under pressure with a validated cognitive score.

Intero Biosystems: Accelerating drug development by producing miniature human organs that enable pharma companies to identify safer, more effective medications while reducing clinical trial costs.

#TechCrunchDisrupt2026

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Science & Technology

Flock CEO Garrett Langley on Public Backlash, Surveillance Expansion | Disrupt 2026

Flock Safety sits at the intersection of an increasingly intense debate around the spread of surviellance technology, AI, and who’s using all of that information and to what ends. Founder and CEO Garrett Langley spoke at TechCrunch Disrupt 2026 to defend his stance that Flock is a net positive in the face of concerns about…

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Flock Safety sits at the intersection of an increasingly intense debate around the spread of surviellance technology, AI, and who’s using all of that information and to what ends. Founder and CEO Garrett Langley spoke at TechCrunch Disrupt 2026 to defend his stance that Flock is a net positive in the face of concerns about its work monitoring communities, cities, and enabling data sharing across law enforcement agencies.

As a sign of that backlash, as Langley spoke on stage, a protest against Flock was taking place outside of Moscone West in San Francisco.

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Science & Technology

Satya Nadella’s ‘emergency brake’ and the race to secure AI agents | Disrupt 2026

TechCrunch’s Equity podcast team took over the Builders Stage Tuesday morning to tackle a growing challenge for the AI industry: What happens when AI agents go off-script, and who’s responsible for keeping them in check? Recent incidents, from Anthropic pulling internal evaluations off the live internet after agents misbehaved to Microsoft CEO Satya Nadella calling…

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October 14, 2026

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TechCrunch’s Equity podcast team took over the Builders Stage Tuesday morning to tackle a growing challenge for the AI industry: What happens when AI agents go off-script, and who’s responsible for keeping them in check?

Recent incidents, from Anthropic pulling internal evaluations off the live internet after agents misbehaved to Microsoft CEO Satya Nadella calling for an “emergency brake” on AI models, have brought agent security into focus. The Equity team unpacked whether the problem calls for better engineering, new regulation, or both, and why startups are raising millions to secure AI agents.
#TechCrunchDisrupt2026

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