Legal technology company Sandstone has raised $30 million in new funding. The startup’s Series A round, announced Tuesday (June 9) was led by Lightspeed Venture Partners and will be used to expand Sandstone’s enterprise offering and hire people with expertise in both the technological and...
Databricks may be on the cusp of becoming a $175 billion company. The database management software provider has discussed a funding round that could begin within the next month and value the company at between $165 billion and $175 billion, The Information reported Monday (June...
Perplexity’s CEO says the artificial intelligence (AI) startup plans to go public in 2028. And that will happen no matter how investors react to the initial public offerings (IPOs) from rivals Anthropic and OpenAI, Aravind Srinivas told CNBC in a Tuesday (June 9) interview. “Agnostic...
Goldman Sachs and JPMorgan are considering entering the emerging compute trading market, The Information reported Monday (June 8), citing unnamed sources. The banks are exploring trading futures contracts tied to rental prices for graphics processing units, as well as other ways to trade on the cost of computing power, according to the...
Defense technology firm VisionWave is taking a controlling stake in Foresight Autonomous. The company on Monday (June 8) announced it was investing $17 million in Foresight, which makes 3D perception systems. The investment is designed to enhance Foresight’s perception technologies with advanced artificial intelligence (AI)...
Embedded earned wage access platform Reset raised $6 million in a seed funding round, according to a Monday (June 8) press release. The round included participation from several of the credit unions and community banks that make up Reset’s customer base, the release said. “These...
Bending Spoons, an Italian tech company that acquires software businesses, is planning to go public. The company, whose holdings include Vimeo, Eventbrite and AOL, filed for an initial public offering (IPO) Monday (June 8) with the Securities and Exchange Commission (SEC). According to the filing, Bending Spoons...
Supabase raised $500 million in a Series F funding round to scale its open source Postgres development platform and grow its share of agentic infrastructure. The Supabase platform is used by many enterprises as the back-end structure for their AI-native applications, the company said in...
JPMorgan Chase CEO Jamie Dimon will host a discussion about SpaceX’s initial public offering that will be simulcast to 90 of the bank’s locations in 26 states, Bloomberg reported Wednesday (June 3), citing an unnamed source. The discussion, which is scheduled for Thursday (June 4),...