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ICONIQ AI DEALS
Fintech firm Ramp's valuation surges to $44 billion on AI-driven growthFintech firm Ramp secured $750 million in funding, valuing the company at $44 billion. This significant jump highlights investor confidence...- Peak XV joins UK infrastructure startup Primer’s $100 million funding roundPeak XV Partners has joined a $100 million fundraise for global payments infrastructure startup Primer, marking another overseas investment...
- Lenskart, Ola’s Q4 scorecards; Visa maze for laid-off techiesLenskart has posted a sharp jump in its March-quarter revenue even as profit dipped marginally. This and more in today’s ETtech Top 5.
- Ramp seeks to raise $750 million at valuation of over $40 billionCorporate card startup Ramp is reportedly in talks to secure another $750 million at a valuation exceeding $40 billion. This potential fund...
- Iconiq, go-to wealth adviser for tech’s elite, is putting billions into AIIconiq is expanding aggressively into venture capital, investing billions in AI startups like Anthropic. Leveraging elite global networks, ...
- Sequoia’s new leaders raise about $7 billion for firm’s biggest betsSequoia Capital, a major venture capital firm, has secured about $7 billion for a new fund, according to a report by Bloomberg. This signif...
- Big tech group supports Anthropic in Pentagon fight as investors push to de-escalate clash over AI safeguardsA Big Tech industry group, including Amazon and Nvidia, raised concern over United States Department of Defense considering labelling Anthr...
- Anthropic clinches $380 billion valuation after $30 billion funding roundThe company has differentiated itself by focusing its model training on coding, with Claude Code gaining strong traction among developers a...
- Anthropic hits $14 billion revenue run rate, becomes fastest-growing software company everAnthropic’s AI revenue soars with Claude Code doubling to $2.5B since January. Enterprise subscriptions quadruple. Over 500 customers now s...
- VCs break taboo by backing both Anthropic, OpenAI in AI battleSequoia Capital and Altimeter Capital, for example, are both expected to invest in Anthropic’s latest financing, which is set to bring in m...
- Anthropic rolls out Claude for Nonprofits with up to 75% discountsThis initiative has been rolled out in partnership with the global movement, GivingTuesday. It provides access to Claude Sonnet 4.5 and Cla...
- Top tech and startup stories this weekWelcome to a new edition of ETtech Unwrapped — our weekend newsletter packed with the most important stories this week. Let's take a look.
- ETtech Deals Digest: Startups raise $505 million this week, up 83% on-yearHowever, the number of deals during the week fell sharply to eight, compared to 20 in the corresponding week of the previous year.
- AI agent startup Sierra nears $350 million round at $10 billion valuationAI startup Sierra is close to raising $350 million, led by Greenoaks Capital, valuing it at $10 billion. The company, founded in 2023, buil...
- VCs chase Indian developer tools startups amid AI frenzyIndian AI startups attract venture capital, especially in developer tools and infrastructure. Investors like Accel and Lightspeed are backi...
- Anthropic nears funding at $170 billion value as revenue surgesAnthropic is reportedly close to securing a substantial funding round, potentially reaching $5 billion, which would elevate the AI startup'...
- AI accounting startup Rillet raises $70 million in Andreessen Horowitz-led roundThe round was joined by Sequoia, Oak HC/FT and FOG Ventures, the company said on Wednesday, and comes just over two months after Rillet rai...
- Groww FY25 profit triples; Qcomm growth beyond metrosHappy Friday! IPO-bound fintech major Groww has reported a three-fold jump in its net profit for FY25. This and more in today’s ETtech Morn...
- Databricks secures $62 billion valuation in AI-focused funding roundDatabricks secured a $62 billion valuation after a $10 billion funding round led by Thrive Capital, alongside other prominent investors. Th...
- ETtech Deals Digest: Funding drought persists as startups raise just $1.06 billion in MayThe funding numbers for May were bolstered by late-stage investments in app development startup Builder.ai and Walmart-owned fintech major ...
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