Valuation - CybAI news

16 Aug

Big Tech Wipeout Turns to Dip-Buyer Bounty as Stocks Surge Back

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It looked like a reckoning was arriving on August 5, when the Nasdaq 100 tumbled over 5% in the seconds after the opening bell, validating fears that a tech bubble was about to burst. Barely just two weeks and a few rounds of reassuring data later, virtually all those worries are being swiftly swept aside. Source link lol

15 Aug

Turkish Fintech Colendi Raises Funds at $700 Million Valuation

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Turkey’s fintech startup Colendi raised $65 million in fresh funding from a group of investors including Citicorp North America Inc. at a valuation of $700 million.Apart from Citicorp, Migros Ticaret AS, Sepil Ventures, Re-Pie Asset Management, Finberg and Hedef Holding participated in the Series B round, according to Bulent Tekmen, co-founder and chief executive office of Colendi, formally known as Colendi Yapay Zeka ve Buyuk Veri Teknoloji Hizmetleri AS. Existing investors also took part in the round, he said. Source link lol

15 Aug

Chevron-Backed Cleantech Firm Gets Up to $100 Million From Canada

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Canada’s new green technology fund is putting as much as $100 million into a carbon-capture firm that’s backed by Chevron Corp. to help it commercialize its technology.Svante Technologies Inc., based near Vancouver, has developed filters to catch carbon dioxide out of the air and concentrate it for other uses. The Canadian government’s Canada Growth Fund has agreed to inject $50 million through a convertible note, with a further $50 million potentially available for future projects. Source link lol

13 Aug

Nvidia Rebound Adds $400 Billion in Market Value Over Four Days

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It’s been a rough six weeks for Nvidia Corp. shareholders. A historic dip that erased record market value from the company was followed by a four-day stretch of stomach-churning volatility. Now, though, signs are emerging the worst might be over.The chipmaker’s shares have surged nearly 17% in the past four sessions, adding more than $400 billion in market value to one of the biggest companies in the world. The rebound has propelled the broader market higher as well, with Nvidia accounting for about 22% of the S&P 500’s gain over that span, double the contribution of any other single stock.…

13 Aug

Turkish Satellite Firm Eyes $400 Million Valuation in Funding Debut

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Plan-S, the satellite and space technology unit of Turkey’s Kontrolmatik Enerji Ve Muhendislik AS, is launching an equity funding round that would value the company at $400 million.The single-asset fund, offered by the investment arm of state-run Ziraat Bank, aims to raise as much as $40 million from institutional and individual investors in Turkey and abroad for Ankara-based Plan-S, Kontrolmatik Chairman Sami Aslanhan told Bloomberg in Istanbul on Monday. Source link lol

09 Aug

Brookfield Is Considering Stake Sale in Data4’s Mature Assets

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Brookfield Infrastructure Partners is weighing a minority stake sale in some of the assets of French data center operator Data4, according to people with knowledge of the matter. Brookfield is working with Citigroup Inc. on seeking investors for Data4’s so-called stabilized assets, which refer to fully-constructed data centers with high and stable tenancy rates, the people said. The stabilized asset portfolio has a valuation of more than €3.5 billion ($3.8 billion), said one of the people, who asked not to be identified as the information is private. Initial bids are expected in September, they said. Source link lol

09 Aug

Khosla Ventures Backs AI Startup DevRev at $1.15 Billion Valuation

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DevRev Inc., a startup using artificial intelligence for customer support and other tasks, raised $100 million from Khosla Ventures and other investors in round that valued the company at $1.15 billion.Co-founded in 2020 by Chief Executive Officer Dheeraj Pandey, who also helped start Nutanix Inc., DevRev says its offerings use AI to improve the efficiency of employees on support, product and engineering teams. Source link lol

09 Aug

Ola Electric Jumps 11% After India’s Biggest IPO in Two Years

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Ola Electric Mobility Ltd.’s shares surged in their Mumbai debut on Friday, backed by strong investor demand amid growing adoption for electric vehicles in the country. Source link lol

09 Aug

Philippines’ GCash May Seek Digital Bank License in Lending Push

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The company behind the Philippines’ top mobile wallet GCash may seek a digital banking license as it boosts its lending business after Japan’s biggest bank invested in the fintech firm.Applying for a digital banking license “is being discussed, although nothing is definite as of the moment,” Globe Fintech Innovations Inc. CEO Martha Sazon said in an interview with Bloomberg Television’s Shery Ahn and Haidi Stroud-Watts on Friday. Source link lol

08 Aug

Weapons Startup Anduril Hits $14 Billion Valuation in New Funding Round

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Defense technology startup Anduril Industries Inc. has raised $1.5 billion in a new funding round and plans to spend hundreds of millions on a new facility to manufacture its rockets, underwater vehicles and other autonomous weapons systems at greater scale and speed.The deal, which values Anduril at $14 billion, is one of the largest venture capital financings of the year so far, and reflects the company’s success getting government contracts, as well as rising investor enthusiasm for defense technology companies. Source link lol