The race to save Sweden’s green industrial ambition is entering its final lap. Stegra (formerly H2 Green Steel) announced Monday it has appointed Markus Holm as its new Chief Financial Officer, effective March 1. The move comes as the company scrambles to secure an additional $1.1 billion in financing needed to complete its flagship hydrogen-based...
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...