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:...
The world’s biggest promoter is playing Monopoly with European real estate. Live Nation Entertainment (LYV) has agreed to acquire Italian venue operator ForumNet from holding firm Bastogi (BTGI.MI). The deal values the enterprise at €90 million ($106 million), with a theoretical equity value closer to €103 million after adjustments. 🏟️ THE CROWN JEWEL: The centerpiece...