Ticket reseller StubHub says it aims to raise up to $851 million when it goes public. That figure would give the company a valuation of as much as $9.2 billion, StubHub said in a filing Monday (Sept. 8). According to a news release, the company has launched the roadshow for...
Artificial intelligence (AI) software code generation firm Cognition is now a $10 billion company. The startup announced Monday (Sept. 8) that it had raised $400 million in a funding round, the latest in a series of AI firms seeing their valuations skyrocket recently. “We founded Cognition last year to...
Data analytics firm Databricks is closing a $1 billion Series K funding round that values it at over $100 billion, up from $62 billion at the beginning of the year. The company will use the new capital to accelerate its launch of new artificial intelligence (AI) products that help...
The U.K.’s IPO drought from last year has reportedly carried over into 2025. Just seven companies have floated and raised capital on the London Stock Exchange (LSE) this year, the Financial Times (FT) reported Monday (Sept. 8), citing data from Dealogic. That’s compared to 231 companies in the U.S.,...
Baseten secured $150 million in a Series D funding round to scale its inference platform and its team to meet growing demand for inference, the process of running artificial intelligence (AI) models. This round nearly triples the company’s valuation from where it was six months...
A trading week shortened by the Labor Day holiday brought slight gains to the FinTech IPO Index, which gained 0.5% overall. Opendoor surged more than 48%, continuing a volatile streak of stock swings to and fro. The stock, which has achieved meme status, was noted...
Digital identity wallet ID.me raised $340 million across Series E financing, announced Wednesday (Sept. 3), and a credit facility, announced earlier. The latest financing values that company at over $2 billion, it said in a Wednesday press release. That valuation is up from the $1.8 billion at which ID.me was valued in November....
Artificial intelligence (AI) startup You.com has reportedly raised $100 million in new funding. The company’s latest funding round values it at $1.5 billion, and is happening amid its ongoing shift from consumer search to more general AI services, Bloomberg News reported Wednesday (Sept. 3). The company was...
Digital finance app SoFi has introduced its SoFi Agentic AI exchange-traded fund (ETF). The ETF, dubbed AGIQ, will invest in American companies that are part of the BITA US Agentic AI Select Index, SoFi announced Wednesday (Sept. 3). “Emerging market themes can be challenging to...