Anthropic, an AI leader, has filed its IPO papers, with a view to having an estimated worth of almost $2 trillion while aiming to raise about $100 billion. The early venture capitalists, including Menlo Ventures, Sequoia, and Spark Capital, would see themselves benefiting from billions in revenues. According to information in its S-1 filing with […]
Independent flying aircraft company Reliable Robotics has formally closed on $115 million in new funding, which has now taken its valuation above the $1 billion mark. Started by ex-SpaceX employees, the Mountain View firm raised additional funding in its Series D round to hasten its rollout of automated flying technology in the commercial cargo industry […]
Jio Platforms, which is the telecom business unit of the Reliance conglomerate, is expected to raise $3.2 billion by conducting an Initial Public Offering (IPO) in India and set the stage for the creation of the most lucrative public listing ever seen in India. The firm that Mr. Ambani owns wishes to have Jio Platforms […]
It was Hero MotoCorp that got listed on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) with a small discount to its issue price during the Initial Public Offering (IPO). The opening price was set at ₹82 on the NSE, down 2.38 percent, and ₹82.10 on the BSE, which is down 2.26 percent […]
The Netherlands-based Morphotonics, which uses nanolithography for manufacturing AR smart glasses, has secured €40 million in a follow-on fundraising round led by 3M Ventures, Innovation Industries, and the European Investment Bank. The funding would help Morphotonics ramp up its production capacity of large-scale nanoimprint lithography systems to expand the supply chain of AR smart glasses, […]
Technology company Treble from Iceland has managed to secure $18 million in a Series A+ round that was backed by Paladin Capital Group in order to develop Treble’s physics-based voice simulation platform. Alongside returning investors like KOMPAS VC and Frumtak Ventures, the investment brings Treble’s total investment to over $40 million. Investment is directed at […]
One of the major players in artificial intelligence, Anthropic, has officially chosen Nasdaq as its platform for the anticipated IPO. The maker of Claude AI aims for an October listing valued at around $2 trillion, with whispers of a funding goal of up to $100 billion that may become one of the biggest in history. […]
AAHL has entered into agreements worth US$1 billion (₹9,825 crore) to raise equity from both international and Indian institutional investors. The investor syndicate includes the investment vehicles managed by BlackRock, Temasek, Alpha Wave Global, and Premji Invest. With this primary equity investment, AAHL’s pre-money equity valuation stands at US$18 billion, giving the syndicate an aggregate […]
Officially, Paytm’s parent company One97 Communications has entered the world of enterprise artificial intelligence with the introduction of “Paytm Intelligence” or Pi. The newly introduced set of B2B products will offer autonomous software agents to banks, lending institutions and insurers in India and the United Arab Emirates. Following the pilot projects, Paytm shares saw an […]