Latest signals
MercorFundamentalsMercor crossed $1 billion in annualized gross revenue
Mercor - AI-powered recruiting platform that matches companies with contractors — crossed $1 billion in annualized gross revenue earlier this year, up from a $500 million run rate just six months ago. The company pays out 60-70% of top-line revenue to contractors, so net revenue sits somewhere between $300-400 million. It's profitable on a free cash flow basis.
Source: TheInformation
SiFivePrimary roundSemiconductor startup SiFive said it raised $400 million in a funding round
Semiconductor startup SiFive said it raised $400 million in a funding round that values the firm at $3.6 billion after the investment.
Source: TheInformation
BytedanceFundamentalsIPO & M&AByteDance Valuation Exceeds $600 Billion Following Proposed Equity Sale
ByteDance's valuation has surpassed $600 billion following a proposed equity sale, according to sources, underscoring the company's continued growth in private market value.
Source: South China Morning Post
PerplexityFundamentalsPerplexity’s ARR Rises to $500 Million
Perplexity’s annualized revenue run rate has more than doubled since the end of last year to $500 million as of this week
Source: TheInformation
AnthropicContractsCourt Declines to Pause Pentagon's Supply-Chain Risk Label on Anthropic
A federal appeals court refused to temporarily block the Pentagon's designation of Anthropic as a supply-chain risk, even as a broader government ban on its technology remains blocked by a California judge.
Source: bloomberg-tech
AnthropicIPO & M&AAnthropic Completes Tender Offer Amid Limited Employee Share Sales
Anthropic wrapped up a secondary share sale, but some investors were unable to acquire as many shares as planned due to employees' reluctance to sell their equity.
Source: bloomberg-tech
SpaceXContractsIntel signs on to Elon Musk’s Terafab chips project
Intel will join SpaceX and Tesla in an effort to build a new U.S. semiconductor factory in Texas, although the scope of its contributions are unclear.
Source: TechCrunch
NeuralinkProduct UpdatesNeuralink Achieves Speech Restoration for ALS Patients Using Original Voices
Neuralink announced a breakthrough enabling ALS patients to communicate using their minds, with the technology reproducing speech in the patients' original voices. This represents a significant expansion of the chip's therapeutic applications.
Source: 36 Kr
AndurilProduct UpdatesAnduril Quietly Developing Hypersonic Missiles and Air Vehicles
Anduril has been quietly working on hypersonic missiles and advanced air vehicles, signaling a significant expansion of its weapons development portfolio beyond its existing drone and autonomous systems offerings.
Source: Aviation Week
CerebrasIPO & M&ACerebras Systems Selects Morgan Stanley to Lead IPO
Cerebras Systems has chosen Morgan Stanley to lead its IPO, targeting a $2 billion valuation. The company is actively preparing to go public in 2026.
Source: investing.com
SpaceXIPO & M&ASpaceX Confidentially Files for IPO
SpaceX has submitted a confidential draft IPO registration to the US Securities and Exchange Commission, potentially setting up the largest-ever public listing. The filing was reported ahead of several AI rivals going public.
Source: bloomberg-tech
SupabasePrimary roundDatabase Startup Supabase in Talks to Double Valuation to $10 Billion
Singapore’s GIC is in talks to lead an investment in database startup Supabase at a valuation of about $10 billion, double the level it raised at last fall. Supabase is aiming to raise about $500 million in the fundraising round.
Source: TheInformation