Valuations
Every Sainteur story on valuations, newest first.
Britain's Fractile raises $720 million for AI inference chips
The UK government says the round values the London- and Bristol-based startup at over £5 billion. Reuters reported $7 billion.
Anthropic's IPO roadshow can start as early as Tuesday, while buyers push on price
Reuters reported last week that some potential investors doubted the schedule, with some seeing $1.5 trillion as the high end of expectations. The amended filing still leaves the price range blank.
Meta sells $15 billion of dollar bonds as its AI spending climbs
It's one piece of a $20 billion to $25 billion raise that reportedly includes euros, on top of the $25 billion Meta borrowed in April.
Anthropic's IPO buyers reportedly want a $1.5 trillion price tag, not $2 trillion
Institutional investors want the Claude maker valued at about $1.5 trillion to $1.6 trillion, the Wall Street Journal reported, as Anthropic's new filing shows $17.0 billion in quarterly revenue and $895.4 billion in compute and lease commitments.
Upwind reportedly rejects Datadog's offer because it only matched what its VCs said it was worth
Datadog reportedly offered no premium over the price Upwind's own venture backers had just set. So the backers invested at it instead.
Jio shares are indicated about 22% above the IPO price in India's gray market
Unofficial trading points to a possible strong debut for Jio Platforms' $3.1 billion IPO, which drew more than ₹7 lakh crore in bids. The shares list on the BSE and NSE on Wednesday.
Private equity's defense tech rush is a bet on the next buyer, not the battlefield
Buyout firms poured $4 billion into defense growth deals in nine months, per PitchBook. The money is real, but the trade only works if a later buyer pays up for promise.
Apple briefly passed Nvidia as the world's most valuable publicly traded company on iPhone Duo launch day
It's the fifth time Apple has retaken the top spot, by Yahoo Finance's count. Nvidia moved back ahead later in the day.
OpenAI is raising up to $30 billion at a reported $1.25 trillion valuation
CNBC's sources say UAE investors and Coatue are leading a round pitched as a bridge to a potential IPO. OpenAI declined to comment.
Spark Capital's $75 million Anthropic bet is reportedly worth about $7 billion before the IPO
At Anthropic's $965 billion private valuation, stakes held by Spark, Menlo, Iconiq and Eric Schmidt are reportedly worth billions. These are paper values, not realized gains.
Legal AI startup Legora raises $550 million at an $8.8 billion valuation
The Swedish company says annual recurring revenue now tops $200 million. Its biggest rival, Harvey, raised the same amount at a much higher valuation just weeks ago.
Anthropic lost over $80 billion in six months, mostly on paper, per the WSJ
Most of the loss is accounting charges, the Journal reported. The bigger story is a compute bill that could reach $750 billion, much of it in contracts with cloud giants that are also rivals.