Topic: investor confidence
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Chime’s $14.5B IPO After 100 VC Rejections in 2016
Chime achieved a $14.5 billion valuation in its IPO, raising $864 million with shares surging to $42 at opening, reflecting strong investor confidence. The neobank reported revenue growth from $1.3 billion in 2023 to $1.7 billion in 2024, narrowing losses and briefly turning a profit in early 202...
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Nvidia's $1T rally eclipses China's DeepSeek, fueled by tech giants
Nvidia Corp shares have surged $1 trillion in two months, with investors betting on further gains as concerns fade and optimism grows, according to Bloomberg. Nvidia's recent earnings report addressed key worries, including U.S. restrictions on advanced semiconductor sales to China , AI spending outlooks, and Nvidia’s ability to scale up its Blackwell chip supply. With this the stock left behind the huge dent that China's DeepSeek made in US stock market in January this year. DeepSeek set off a ...
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Bestow Secures $120M Series D Led by Goldman Sachs & Smith Point
Bestow raised $120 million in Series D funding, co-led by Goldman Sachs and Smith Point Capital, bringing total equity funding to over $300 million to modernize life insurance underwriting and distribution. The company shifted from direct-to-consumer insurance to enterprise SaaS solutions, levera...
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Multiverse Computing Secures $215M to Slash AI Costs With New Tech
Multiverse Computing raised €189 million in Series B funding to advance its CompactifAI system, which compresses large language models by up to 95% without losing performance. The compressed models deliver 4x–12x faster performance and 50–80% lower costs, enabling deployment on everyday devices l...
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Zeal Capital Closes $82M Fund II for Strategic Investments
Zeal Capital Partners closed its second fund at $82 million, backed by major investors like Citi Impact Fund and Wells Fargo, targeting early-stage businesses with initial investments of $1M–$2.3M and reserving half for follow-on financing. The fund focuses on fintech, healthcare innovation, and ...
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Elon Musk’s xAI Seeks $300M in New Funding Round
Elon Musk's xAI is seeking $300 million in funding at a $113 billion valuation, following its $33 billion acquisition of X (formerly Twitter) last year. The share sale allows employees to sell stakes, potentially leading to a larger funding round with new equity for external investors. The fundra...
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AI Medical Scribe Abridge Hits $5.3B Valuation in Just 4 Months
Abridge raised $300 million in Series E funding, led by Andreessen Horowitz, boosting its valuation to $5.3 billion and highlighting rapid growth in the AI medical documentation sector. The company leads the AI medical scribe market with partnerships like Epic Systems, serving over 150 U.S. healt...
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