Private equity (PE) operations are reportedly struggling to raise funds despite offering investors unheard-of incentives. Fundraising among PE firms came to just $592 billion in the 12 months to June, the lowest total in seven years, the Financial Times (FT) reported Sunday (Aug. 24), citing...
eCommerce accelerator Pattern is preparing to go public amid a jump in revenue. The company saw revenues surge by 35% during the first six months of this year, according to paperwork for an initial public offering (IPO) filed Friday (Aug. 22) with the U.S. Securities...
The FinTech IPO Index gained a relatively tame 0.6% through the past five sessions, as management changes at firms and earnings reports made the headlines. Opendoor CEO Steps Down Opendoor shares jumped more than 18%. As announced at the end of last week, CEO Carrie...
FieldAI said Wednesday (Aug. 20) that it raised $405 million in two consecutive rounds to accelerate the global adoption of its general-purpose robots. The latest round was oversubscribed as the company gains new and expanded contracts for its general-purpose robotics intelligence, FieldAI said in a...
Overhaul secured $105 million in Series C equity funding and closed on a new debt facility to accelerate the development of its in-transit supply chain risk management platform. The platform provides real-time monitoring, predictive intelligence and immediate response capabilities to protect cargo from theft, damage...
Japanese conglomerate SoftBank is making a $2 billion investment into chipmaker Intel. The companies say the new arrangement, announced Monday (Aug. 18), represents a commitment to investing in advanced technology and semiconductor innovation in the U.S. “Semiconductors are the foundation of every industry,” Masayoshi Son,...
Data analytics firm Databricks is reportedly hoping to become a $100 billion company. The business is finalizing a funding round that would give it that valuation, The Wall Street Journal reported Tuesday (Aug. 19), citing unnamed sources. Venture capital firm Thrive Capital is expected to...
The modernization of transportation isn’t just about the shiny new buses or autonomous pilot. The transformation of public systems that ferry millions of individuals across towns and cities lies with the plumbing that fuses digital scheduling with fare payments, letting agencies knit together subsidies, eligibility...
The FinTech IPO Index surged by 4.4% this past week, borne aloft by huge gains in a few names, and double-digit swings across several Index components were commonplace. Earnings continued to roll in through the past five sessions. Opendoor Technologies roared ahead by more than...