The Mumbai investment bank is considering raising fresh capital through new shares and stake sales, a bet on the strength of India’s public-listing pipeline. India’s capital markets have been busy enough lately to make the firms that arrange the deals …
Nexchip Semiconductor is China’s third-largest pure-play foundry, a sentence that until recently would not have led to a Hong Kong listing. It does now. The Hefei-based, state-backed chipmaker is seeking to raise up to HK$6.98 billion, or roughly $890 …
The space industry can build rockets. Moving money around them is the hard part. A new startup called Nebex wants to fix that, and Google’s venture arm is backing it with $30mn. GV, formerly Google Ventures, led the seed round, Bloomberg reported. Nebe…
AI agents are pouring into companies, and most security tools were never built to watch them. Straiker wants to fix that. The startup has just raised $64mn to police a workforce that does not clock in. The Series A was revealed first by Axios. It takes…
Arena, the crowdsourced AI leaderboard that started as a UC Berkeley research project in 2023, has reached 100 million dollars in annualized revenue just eight months after launching its first commercial product. The platform is best known for letting …
The unglamorous truth about the AI boom is that some of its hardest problems are plumbing. As data centres pack more GPUs into every rack and run them hotter, the fluid that keeps the chips from cooking has started, occasionally, to grow bacteria. That…
For most of its life Rocket Lab has sold the picks and shovels of the space economy: small rockets, satellite buses, components for other people’s missions. It has now decided that selling the tools is not as valuable as owning the mine. The company ag…
Momenta is heading to the public markets. The self-driving software firm has opened its Hong Kong IPO, seeking up to $752mn to pour into AI research and robotaxis. The Momenta IPO would value the GM-backed company at close to $9bn. The Suzhou-based com…
China’s AI sector is not short of cash. If anything, American pressure is pumping more in. DeepSeek shows the pattern best. The Hangzhou lab closed a $7.4bn round, the biggest first-time raise by a Chinese startup, at a valuation above $50bn. It had ru…
Patience has a price, and someone else is paying it. OpenAI may wait until 2027 to go public. The wait is meant to buy a bigger number. OpenAI is weighing a listing as late as 2027, Bloomberg reported. That timeline could see it go public after its riv…