Upwind Security, which filters out false security alerts in cloud apps to let security teams address actual risks, raised a $250M Series B at a ~$1.5B valuation
Baidu reports Q3 revenue down 7% YoY to ~$4.4B, its biggest quarterly revenue decline ever, and a ~$1.5B net loss, as the search giant battles falling usership
Update Baidu Inc : Baidu Announces Third Quarter 2025 Results Tracy Qu / Wall Street Journal : Baidu Revenue Falls on Weak Advertising Demand, Posts Loss on Impairment
Lighter, which operates an Ethereum Layer 2 network and a decentralized exchange to support perpetual futures contracts, raised $68M at a ~$1.5B valuation
Vladimir Novakovski, founder and CEO of Lighter. — COURTESY OF LIGHTER — “Pivot from crypto to AI” became a refrain in Silicon Valley after ChatGPT launched in 2022.
Uzbek fintech and e-commerce company Uzum raised $65.5M led by Tencent and VR Capital at a ~$1.5B valuation, up from $1.16B in March 2024 after a $114M Series A
At a time when the world feels increasingly divided between East and West, Uzbekistan has emerged as a rare middle ground …
Sources: Telegram told investors ahead of a ~$1.5B bond offering that revenue reached $1.4B in 2024, up from $343M in 2023, and net profit reached $540M in 2024
Messaging app's finances are booming even as chief Pavel Durov fights French case over alleged content failings X: @ft X: @ft : According to people familiar with the matter, the bumper earnings were s...
After the ~$1.5B hack, Bybit borrowed about $280M in ether from crypto industry peers to help process 350,000 customer withdrawal requests over 10 hours
Wall Street Journal :
After the ~$1.5B hack, Bybit borrowed about $280M in ether from crypto industry peers to help process 350,000 customer withdrawal requests over 10 hours
Wall Street Journal :
DefiLlama: Bybit experienced a “bank run” of over $4B after the ~$1.5B hack, leading to a ~$5.5B total outflow; CEO says “about 50%” of funds were withdrawn
Major cryptocurrency exchange Bybit has seen total outflows of over $5.5 billion after it suffered …
Foxconn reports Q3 revenue up 20% YoY to a record ~$57.01B, a ~$1.5B net income, vs. ~$1.41B est., and expects half of its server orders in 2025 to be for AI
- Both beat quarterly profit estimates thanks to AI servers — Hon Hai cloud products to match mobile phone sales in 2025
Sources: NYC-based Runway, which uses AI to let users generate videos from text descriptions, raised ~$100M from Google and others at a ~$1.5B valuation
Kate Clark / The Information :