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Three companies are preparing to enter public markets this year with a combined valuation that could exceed $3 trillion. SpaceX is set to list as early as 12 June at a $1.77 trillion valuation, selling 555.6 million shares at a fixed price of $135 each in what will be the largest IPO in history. Anthropic has filed at […]
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Two years ago, Ramp was a $7.65 billion corporate card company. On Wednesday, it announced a $750 million Series F that values it at $44 billion, a nearly six-fold increase that makes it one of the most valuable private fintech companies in the world. The round was led by ICONIQ, GIC, and Ontario Teachers’ Pension […]
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The pitch deck for every AI sales tool tells the same story: more signals, better insights, smarter forecasting. What they leave out is that most of those insights end up ignored. Reps drown in dashboards. CRM records go stale. The deal that should have closed last week slips because nobody acted on the intent signal […]
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Perk, the corporate travel and spend management group that until last year traded as TravelPerk, has closed a $300 million private credit facility, money raised as debt rather than equity and at a scale the company says few technology firms have reached in the current market. The facility is led by Neuberger Specialty Finance, the private-credit […]
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Perk lands $300M credit facility to push its AI platform into the US Read More »
Merantix Capital has closed a €103m fund to invest in early-stage, AI-native teams across Europe, the Berlin firm announced on 4 June. The fund is more than three times the size of its first vehicle, which co-founders Rasmus Rothe and Adrian Locher raised at roughly €30m, and it widens the firm’s remit from companies built […]
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Merantix Capital closes a €103m fund to back early-stage European AI Read More »
The discipline was the whole identity. For more than twenty years Benchmark kept its funds around $425m and backed only young companies, taking a roughly 20% stake in each and trusting that selectivity, not scale, would produce the returns. That model has now bent. The firm has closed $2bn across two new funds, according to […]
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Benchmark breaks its own rule with a $2bn raise and a first growth fund Read More »
The public markets have been asked whether they believe in AI, and they have answered with $85 billion. Alphabet’s record-shattering equity offering, which priced on 2 June, is not just the largest stock sale in tech history. It is the largest equity offering of any kind, in any industry, ever. The company had initially planned to […]
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Alphabet just raised $85 billion for AI, smashing the largest equity offering in history Read More »
Anthropic has selected Morgan Stanley and Goldman Sachs to lead its initial public offering, with JPMorgan Chase also working on the deal, Bloomberg reported on Tuesday. The Claude developer is weighing going public as soon as October after filing confidentially for a listing on Monday. More banks could be added to the lineup, and details of […]
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Eighteen months ago Suno was the AI company the music industry wanted to destroy. Every major record label had sued it, accusing it of training its models on copyrighted songs without permission. Now the labels are its partners, and investors have repriced the company accordingly. Suno has raised new capital at a $5.4bn valuation, more than […]
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Suno raises at a $5.4bn valuation, more than doubling its worth in six months Read More »
General Catalyst has decided it wants exposure to Factorial in two ways at once. The Barcelona software company has closed a $150M Series D led by the firm at a $2.5bn valuation, and General Catalyst is committing a further $540M through a separate vehicle that ties its return to the value Factorial creates for customers […]
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Factorial raises $150M at a $2.5bn valuation, with General Catalyst betting twice Read More »