WeRide, a Chinese autonomous vehicle company, is officially gearing up for a U.S. public debut, over a year after China started easing its effective ban of foreign IPOs. The company is seeking a valuation as high as $ 5.02 billion in its initial public offering. WeRide expects to raise about $ 96 million from its offering, […]
Oyo valuation crashes over 75% in new funding
The valuation of Oyo, once India’s second-most valuable startup at $ 10 billion, has dipped to $ 2.4 billion in a new funding round. The Gurugram-headquartered startup has raised $ 173.5 million in a Series G funding round. InCred Wealth, Patient Capital and J&A Partners invested in the new round. TechCrunch reported in May that […]
Anysphere, a GitHub Copilot rival, has raised $60M Series A at $400M valuation from a16z, Thrive, sources say
Anysphere, a two-year-old startup that’s developed an AI-powered coding assistant called Cursor, has raised over $ 60 million in a Series A financing at a $ 400 million post-money valuation, two sources familiar with the deal told TechCrunch. The round was co-led by Andreessen Horowitz and Thrive Capital. Patrick Collison, co-founder and CEO of Stripe, […]
Anduril raises $1.5B at a $14B valuation
Defense tech startup Anduril has closed what will almost certainly end up being one of the largest funding rounds of the year: a $ 1.5 billion deal that values the company at $ 14 billion. Anduril has ambitions of becoming the next great American defense contractor, joining a class of companies that has shrunk to […]
EQT takes a majority stake in cybersecurity firm Acronis at a $3.5B+ valuation
Cybersecurity remains a white-hot space for investors, and in the latest deal, EQT is taking a majority stake in Acronis, a security company that specializes in data protection, cloud and integrated security solutions for managed service providers (who in turn resell services to consumers) and corporate IT teams. Financial terms of the deal — including […]