| Hi, Agen. Does it seem like every time you open this newsletter, you’re reading about Nvidia? If so, it’s because the chipmaker — whose shares have soared this year amid investor frenzy over AI — is throwing money at startups left and right. We look at AI-related startup investments Nvidia has made this year, including its latest: Participation in a massive $500 million round for AI data analytics company Databricks. And speaking of chips, shares of chip designer Arm Holdings jumped in their Nasdaq debut yesterday, potentially kickstarting the IPO market for the large stable of unicorns waiting to go public. The IPO window seems to have reopened, illustrated by Arm’s successful public market debut yesterday. Should the window stay open, we can likely expect to see many more unicorns — including some of the most highly valued private companies — resuscitate IPO plans they first laid a couple years ago. AI data analytics company Databricks raised a whopping $500 million round from funds and accounts advised by T. Rowe Price Associates, Nvidia, Capital One Ventures, Andreessen Horowitz and other investors. Along with its size, the new deal is perhaps most notable for the valuation: $43 billion, marking an increasingly rare up round from the company’s 2021 valuation. Nvidia — which joined the $1 trillion market cap club this spring — has become one of the leading investors in all things AI, Crunchbase data shows. In just the past few weeks, it’s participated in at least four funding deals of $100 million-plus, all AI related. Shares of Arm Holdings closed up 25% on Thursday, in the most hotly anticipated technology IPO of the year. The British chip designer’s successful debut is likely to breathe new life into a depressed IPO market that has paused many venture-backed startups’ plans to go public for the past two years. Yes, startup funding is down everywhere, but in Israel it looks more existential. That’s because one of the sectors leading the decline is cybersecurity, the nation’s best-known tech sector. Related Crunchbase Pro lists: • Funding To Israel-Based, VC-Backed Startups • Funding To Israel-Based, VC-Backed Cybersecurity Startups | 
No comments:
Post a Comment