Anthropic approaches $1T valuation; Google ads face heat
Anthropic neared a trillion-dollar valuation following fresh funding. This and more in today’s ETtech Top 5.
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Anthropic neared a trillion-dollar valuation following fresh funding. This and more in today’s ETtech Top 5.
Danish pension fund Akademikerpension has excluded SpaceX from its investments. The fund cited concerns over the company's governance structure and its high valuation. Akademikerpension believes SpaceX's stock is overvalued, with a market indication of over $1.8 trillion. They also highlighted Elon
SpaceX is targeting a valuation of at least $1.8 trillion in its initial public offering, down from the $2 trillion-plus it was aiming for as recently as April, according to Bloomberg. The target was adjusted after consultations with advisers and investors, and could still move higher depending on f
Bloomberg News reported in April that SpaceX was aiming for a valuation above $2 trillion. The target is settling lower after consultations with advisers and investors, the people said, asking not to be identified as the information isn’t public.
Anthropic said on Thursday it has raised $65 billion in a series H funding round, valuing it at $965 billion post-money.
Insurance tech Corgi announced today an $106 million Series B1 raise, valuing the company at $2.6 billion, just three weeks after announcing a $160 million Series B.
As Cognition reaches $492 in annualized revenue run rate, it more than doubled its valuation in eight months, it says.
Stord was founded in 2015 by then-college students CEO Sean Henry and CTO Jacob Boudreau while they were still at Georgia Tech.