Vercel, the U.S.-based cloud platform that enables developers to build and deploy scalable websites, has raised $300 million in an oversubscribed Series F round, valuing the company at $9.3 billion. The round was co-led by Accel and Singapore’s sovereign wealth fund GIC, with participation from BlackRock, StepStone, and Khosla Ventures. Driven by growing reliance on...
Fermi, a data center REIT co-founded by former U.S. Energy Secretary Rick Perry, is aiming for a $13.16 billion valuation in its U.S. IPO. The Amarillo, Texas-based REIT plans to raise up to $550 million by offering 25 million shares priced between $18 and $22 each. Dubbed Project Matador, Fermi’s flagship initiative seeks to deliver...
Simple Energy, the Bengaluru-based electric two-wheeler manufacturer planning to go public next year, aims for a 19-fold increase in retail presence by 2029. Founder and CEO Suhas Rajkumar highlighted that the company is entering a hyper-growth phase to break into the top three EV players in India, competing with TVS Motor, Bajaj Auto, Ola Electric,...
Cerebras Systems, the Silicon Valley AI chip startup known for its dinner-plate-sized computing chip, announced a $1.1 billion funding round, led by Fidelity Management & Research and Atreides Management. The round added investors including Tiger Global, Valor Equity Partners, and 1789 Capital, the firm where Donald Trump Jr. is a partner. The funding lifts Cerebras’...
For dealmakers worldwide, the third quarter of 2025 was both one of the best and one of the worst in recent memory. Megadeals totaled an impressive $1.26 trillion, up 40% YoY, marking the second-highest Q3 by deal value on record. Yet, the number of deals signed fell to 8,912, down 16% from last year –...
China’s Unitree Robotics, a high-profile robotics unicorn based in Hangzhou, is planning an initial public offering (IPO) with a target valuation of up to 50 billion yuan ($7 billion), according to sources familiar with the company’s plans. Unitree gained global attention last year with videos showcasing robots capable of human-like mobility—walking, climbing, and carrying loads....