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- Arm files for IPO, Ramp raises $300M down round
Arm files for IPO, Ramp raises $300M down round
Arm has filed to list on the Nasdaq: FY2023 results: $2.68B revenue (-1% y/y), $524M net income - Link
Ramp, a startup offering corporate cards and an expense platform, raised $300M at a $5.8B valuation (down 29% from its last private valuation) from Founders Fund, Thrive, and others - Link
Bloomberg sources: After the US DOJ declined to challenge the deal, Thoma Bravo plans to close its $2.3B ForgeRock acquisition as soon as this week - Link
Genesis Therapeutics, a startup that uses AI to develop small-molecule drugs, raised a $200M Series B co-led by a16z and an undisclosed investor - Link
Lemon.io - Hire pre-vetted remote developers and get 15% off your first four weeks of developer time at Lemon.io/twist.
Sunny Madra joins Jason to discuss Nvidia’s upcoming earnings and if the company is overvalued (1:08). Then, Sunny demos more AI tools, including an incredible AI dubbing product (16:43)! - Link
Cerby, a startup that helps IT teams manage access to “nonstandard” apps, raised a $17M Series A led by Two Sigma Ventures - Link
Ghost, a startup providing a B2B surplus inventory marketplace, raised a $30M Series B led by Cathay Innovation; Ghost’s marketplace has >1K members - Link
AlphaSense data: ~40% of S&P 500 companies have mentioned AI (or related terms) in their most recent earnings call, but only 16% referenced AI in their filing results - Link
YouTube and UMG have partnered to explore new AI tools, products, and payment methods for artists whose work is used to make AI-generated content - Link
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