Databricks raised $5B in equity financing and $2B in debt at a $134B valuation and says its annualized revenue crossed $5.4B for the January quarter, up 65% YoY
Databricks said Monday it has raised $5 billion in funding and $2 billion in new debt capacity at a $134 billion valuation.
Many AI founders now find it necessary to raise at valuations requiring absolute domination of the field; Brex, once valued at $12B, shows the downsides of this
Capital One just announced it's acquiring Brex for $5.15 billion. An incredible, top .1% “exit” in less than 10 years …
Many AI founders now find it necessary to raise at valuations requiring absolute domination of the field; Brex, once valued at $12B, shows the downsides of this
Capital One just announced it's acquiring Brex for $5.15 billion. An incredible, top .1% “exit” in less than 10 years …
Sources: Apple is in talks with Google about using Gemini to power a revamped Siri; Google has started training a model that could run on Apple's servers
new Siri has three personalities. One is Claude, one is ChatGPT, the other is Gemini. — problem solved. or perhaps you just built Perplexity 😅 [embedded post] Cam / @camsavage0...
Sources: Apple is in talks with Google about using Gemini to power a revamped Siri; Google has started training a model that could run on Apple's servers
new Siri has three personalities. One is Claude, one is ChatGPT, the other is Gemini. — problem solved. or perhaps you just built Perplexity 😅 [embedded post] Cam / @camsavage0...
Figma priced its US IPO at $33 per share, above its expected range of $30 to $32, raising $1.2B in the offering and valuing the company at $19.3B
Jordan Novet / CNBC :
eToro files for an IPO, seeking to list as ETOR on the Nasdaq, and reports $12.6B in 2024 revenue, ~96% of which was from cryptoassets, and a $192M net income
Presentation of Financial Information — Our audited consolidated financial statements … Emily Jarvie / Proactive : eToro targets $4.5B valuation in Nasdaq IPO Nicholas Kitonyi / ...
Klarna files for a US IPO, with plans to list on the NYSE under KLAR, seeking to raise at least $1B and reportedly targeting a valuation of more than $15B
Klarna Group Plc filed publicly for a US initial public offering in what could be one of the year's biggest financial company listings.
Cloud-based Nvidia GPU provider CoreWeave files for an IPO on the Nasdaq under CRWV and says 2024 revenue was up 737% YoY to $1.92B and it had an $863M net loss
CoreWeave, a provider of cloud-based Nvidia processors to companies including Meta and Microsoft, is headed for the public market.
Databricks raised $10B from a16z, Thrive, and others at a $62B valuation, among the largest VC raises in history; documents show Databricks has $2.6B in revenue
As CEO of Databricks, Ali Ghodsi has performed a series of ‘strategic surgeries’ to make his company one of the fastest-growing startups in Silicon Valley
Ben Horowitz says he and his wife plan to make a “significant” personal donation to Kamala Harris' campaign; Horowitz and Marc Andreessen endorsed Trump in July
tech oligarchs depend heavily on their access in washington, so will do everything they can to keep it. a16z desperately wants washington to legitimize crypto, so they can get a r...
Ben Horowitz says he and his wife plan to make a “significant” personal donation to Harris' campaign; Horowitz and Marc Andreessen endorsed Trump in July
- At the time, President Biden was still running for reelection. … - He notes that he and Felicia have known Harris …
Elon Musk's X poll asking whether Tesla should invest $5B in xAI ends with 67.9% voting yes, after Musk said on Tesla's earnings call that he supported the idea
- CEO takes poll on whether EV maker should back his startup — The two companies have intermingled on procurement, recruiting
Uber shuts down alcohol delivery service Drizly, which had operated “independently within the Uber family” since its $1.1B acquisition three years ago
Drizly did what seemed like the impossible in alcohol retailing, innovate and digitize a highly fragmented and regulated category. …
Ilya Sutskever and over 700 out of ~770 OpenAI staffers sign a letter saying they may quit and join Sam Altman unless the board resigns and reinstates Altman
- Majority of OpenAI employees sign letter seeking new board — Board member Ilya Sutskever is among the signatories
Satya Nadella says Sam Altman, Greg Brockman, and OpenAI staff will join Microsoft's new “advanced AI research team” and Microsoft remains committed to OpenAI
Microsoft has hired OpenAI co-founders Sam Altman and Greg Brockman to head up a “new advanced AI research team,” …
Q&A with Founders Fund GP Keith Rabois on why the VC firm halved its newest fund, investing in online wholesale marketplace Faire and jobs board Traba, and more
Connie Loizos / TechCrunch :
Israel plans to boycott Europe's biggest tech conference, Web Summit, after the event's co-founder accused Israel of war crimes, as many tech companies pull out
given all the tweets @paddycosgrave has been liking over the last few days. I saved several of them on the attached google doc (so we have a record when the @WebSummit PR team asks...
Elon Musk threatens to file a defamation suit against the ADL for “falsely accusing” X and him of being antisemitic, and blames the ADL for X's US ad sales drop
In the newest uproar you might have missed, Elon Musk says X, formerly Twitter, will file a defamation lawsuit against the Anti-Defamation League.
A developer says Twitter appears to be DDoSing itself via a Twitter web app JavaScript bug, which could be tied to Elon Musk's emergency blocks and rate limits
For anyone keeping track, this isn't even the first time they've completely broken … Nick Heer / Pixel Envy : Tweets Are Now Login-Walled — Like Šime Vidas, I have often linked o...