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…
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 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 hav…
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 reache…
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 rai…
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 …
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 o…
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 conf…
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 repr…
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 veh…