Rubrik prices its initial public offering above its previous target range of $28-$31, valuing it at around $5.6 billion based on the outstanding shares listed in its filing with the US Securities and Exchange Commission
Hours after the Astros made the shocking move of optioning veteran first baseman Jose Abreu to allow him to work on his swing at its Florida spring training facility, his replacements played a role in Houston's 10-9, 10-inning victory over the Cleveland Guardians on Tuesday. The Astros claimed the opener of this three-game series, set to continue on Wednesday in Houston, by erasing a three-run, first-inning deficit and later getting a two-run, walk-off homer from pinch-hitter Victor Caratini....
Food and grocery delivery company Swiggy on Friday confidentially filed its draft documents for an initial public offering (IPO) with stock market regulator Securities and Exchange Board of India (Sebi), sources told us.109639958The Bengaluru-based company has filed for a $1.25-billion public issue through the confidential route, whereby draft red herring prospectuses (DRHPs) are not released to the public. This came a day after Swiggy’s shareholders approved its IPO plan, which includes a fresh...
Startup funding in the penultimate week of April 2024 declined by nearly 27.9% from the same period a year ago, totalling $74 million across 14 deals. However, deal density in the latest week improved to $5.3 million per deal, as per Tracxn data. From April 6 to April 12, 2023, startups had raised about $2.4 million per deal. Funding was down sequentially as well, from $103 million across 15 funding rounds in the previous week. Of the total corpus raised this week, fundraises of...
In this article, we explain the benefits of fiber, along with the potential side effects of overconsumption, and how to have just the right amount.
Ibotta, a digital rewards company, raised $577.3 million in its IPO
Global news publisher Axel Springer will migrate some of its cloud-based applications to Microsoft's Azure and work with the firm on bolstering its AI capabilities, the companies said on Monday, as they expanded their partnership. Axel Springer will also work with the tech giant to launch an AI-driven chat experience, which will feature content from the news publisher, the companies said. The deal will build on Axel Springers initiatives such as its AI assistant Hey_ which is powered by Azure...
AI computing firm Blaize said on Monday it has raised $106 million in funding, including from existing investors such as Mercedes-Benz and Temasek. Other existing investors such as Bess Ventures, Franklin Templeton and Denso, besides new investors such as Rizvi Traverse, Ava Investors and BurTech LP also participated in the fundraising, the company said in a statement, without disclosing the details on its valuation. The fundraise reflects the frenzy that had helped the AI sector attract a major...
Microsoft’s quarterly sales and profit exceeded expectations, thanks to strong demand for the company’s cloud computing and artificial intelligence products. Just this week, Microsoft announced deals with Coca-Cola and Cognizant. Revenue for the third quarter, which ended March 31, rose 17% to $61.9 billion, while profit was $2.94 per share. Analysts had expected earnings per […]
Romania-headquartered cybersecurity company Bitdefender is launching a venture division to invest in early-stage cyber and AI startups. Bitdefender Voyager Ventures (BVV) will back startups at the seed or Series A stage, acting as either a lead or co-investor. A representative for Bitdefender told UKTN that BVV will have a “global mandate but with an emphasis […]
Microsoft's AI lead could be the driving factor in helping it topple Amazon's dominance in cloud services.
By Jason Della Rosa, Herald Democrat The Lady Bearcats may still look like an underdog, but there is a different feeling surrounding Sherman’s preparation for… Login to continue reading Login Sign up for complimentary access Sign Up Now Close