The King of Analog just bought the missing piece of the IoT puzzle. Texas Instruments (TXN) has agreed to acquire Silicon Labs (SLAB) for $7.5 billion, marking its largest acquisition since the National Semiconductor deal in 2011. In a market obsessed with AI data centers, TI is doubling down on the “Edge”—betting big on the...
The race to catch Nvidia just got a billion dollars more expensive. Cerebras Systems, the AI chipmaker famous for its dinner-plate-sized Wafer Scale Engine, announced Wednesday it has raised $1 billion in late-stage funding. The round values the company at a staggering $23 billion, solidifying its status as one of the most valuable private AI...
Is the world’s most profitable company per employee worth half a trillion dollars? Tether CEO Paolo Ardoino pushed back on Wednesday against reports that the stablecoin giant has scaled back its fundraising ambitions due to investor resistance. Following a Financial Times report that Tether’s advisors had floated raising as little as $5 billion (down from...
The labor shortage in community banking just found a digital solution. Boston-based startup EnFi has raised $15 million to deploy AI agents that function as autonomous credit analysts. The round was led by Fintop, with participation from Patriot Financial Partners, Commerce Ventures, and others. 💰 THE STRATEGIC CAPITAL: 📉 THE PROBLEM: Regional and community banks...
The “Cloud-Native” Prime Broker is graduating to the big leagues. Clear Street, the tech-forward securities and derivatives broker founded in 2018, has set terms for its US IPO, targeting a valuation of up to $11.8 billion. Amidst the busiest week for listings since 2021, the firm is looking to raise $1.05 billion on the Nasdaq...
The “Audio Layer” of the internet just got a massive repricing. ElevenLabs confirmed Wednesday it has secured a $500 million Series D led by Sequoia Capital, more than tripling its valuation to $11 billion (up from $3.3B in Jan 2025). The round included participation from Lightspeed, Andreessen Horowitz, and ICONIQ. 💰 THE METRICS THAT MATTER:...