Valuation

The share price of social media company Reddit was up nearly 50% on the New York Stock Exchange Thursday in a stellar market debut that has given hope to the companies gearing up to go public.Shares of the San Francisco-based company debuted at $47 on the New York Stock Exchange on Thursday, up from the IPO pricing of $34, the top of the company's indicated price range. The stock closed at $50.44.Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteMITMIT Technology Leadership and…

Cohere, an artificial intelligence startup that develops foundation models to compete with ChatGPT creator OpenAI, is in advanced talks to raise $500 million at a valuation of about $5 billion, according to a person familiar with the matter.The Toronto-based company has seen its annualized revenue run rate grow to $22 million this month from $13 million in December as it launched new model Command-R, said the source, who requested anonymity to discuss confidential matters.Elevate Your Tech Prowess with High-Value Skill…

Ivan Mehta / TechCrunch: Bengaluru-based audio platform Pocket FM, which offers series with short episodes, raised a $103M Series D led by Lightspeed, a source says at a $750M valuation — India-based audio platform Pocket FM has secured $103 million in Series D funding led by Lightspeed Ventures with participation from Stepstone Group. Ivan Mehta / TechCrunch: Bengaluru-based audio platform Pocket FM, which offers series with short episodes, raised a $103M Series D led by Lightspeed, a source says…

Autonomous vehicle software company Applied Intuition has raised $250 million in a round that values the startup at $6 billion, as it pushes to bring more artificial intelligence to the automotive, defense, construction and agriculture sectors. The eye-popping funding round is the latest example of investor fervor for AI. Applied Intuition appears to have nailed a particular sweet spot for VCs who are on the hunt for startups with AI products that cross into large industries with big budgets —…

For the average, but loyal, Mumbai investor, there’s little to tell one tech frontliner from another – barring size, of course. More often than otherwise, the largest in global outsourcing advance and retreat in lockstep and feature prominently in the core portfolios of Indian investors – institutional and DIY alike.Over the past two years, however, the typical military precision in coordinated stock movement for this cohort is conspicuously absent. Among the Big Five, Tata Consultancy Services (TCS) and HCLTech have…

The social-media company said it is seeking to raise up to $748 million in its initial public offering, aiming for a valuation of up to $6.4 billion. The social-media company said it is seeking to raise up to $748 million in its initial public offering, aiming for a valuation of up to $6.4 billion. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified.…

Israeli digital brokerage eToro is seeking a valuation of more than $3.5 billion and considers the U.S. a potential destination to list its shares, the Financial Times reported on Sunday.The retail trading platform is weighing an initial public offering (IPO) in New York or London, CEO Yoni Assia told the newspaper, adding that a US listing would give the company access to a broader range of investors than a presence on the British market.Elevate Your Tech Prowess with High-Value Skill CoursesOffering…

A fund managed by US-based asset manager Baron Capital Group has marked up the fair value of food-delivery platform Swiggy to $12.1 billion, 13% higher than the $10.7 billion valuation at which the Bengaluru-based firm last raised funds in 2022.Baron Capital, which participated in the $700 million funding round in January 2022, has raised the fair value of its holding in Swiggy for the third time. The latest valuation was ascribed to Swiggy as of December 31, 2023, as per US Securities and Exchange Commission filings.…

US asset manager Baron Capital has hiked Swiggy's valuation for the third straight time to $12.1 billion. This and more in today's ETtech Top 5.Also in this letter:■ Sudha Murty nominated to Rajya Sabha■ ETtech Deals Digest■ Uncertainty over IT firms' H-1B plansBaron Capital marks up Swiggy valuation to $12.1 billion Swiggy CEO Sriharsha MajetyA fund managed by Baron Capital Group has marked up the fair value of food-delivery platform Swiggy to $12.1 billion, up 13% from the $10.7 billion valuation at…

Homomorphic encryption, a complex technique that uses cryptographic algorithms to keep data secure as it travels around networks and to third parties, continues to elude mass-market scalability and thus adoption — not least because currently, the complexity that makes it so effective also makes it slow and hard to use widely. But in a world rife with data leaks and creative, malicious hacking, the approach holds a lot of promise for ensuring data security longer term, so investors continue to fund startups staffed…