Ramp, the corporate card and spend management company, is in early talks to raise new funding at a valuation of roughly $60bn. That would put it $16bn above the valuation it reached just three months ago. Rebecca Torrence and Natasha Mascarenhas of Blo…
Celero Communications, a two-year-old chip startup, has raised $275m in a Series C round that values it at more than $3bn. It makes the processors that push data down fibre optic cables between AI chips, racks and whole data centres. Atreides Managemen…
Elon Musk’s tunnelling company has raised $3bn at a valuation of $23bn, led by the United Arab Emirates and affiliated investment entities, four times what it was worth in 2022, and a long way from the Washington to New York hyperloop announced in 2017…
Abu Dhabi Global Market reported more than $100bn in AI-focused capital in its first-half results, alongside 54% growth in assets under management. The same release describes that sum as deployed from the centre in one place and held by entities in ano…
Silver Lake is merging two companies it already owns. Cegid and Silae are both French. Both are majority-owned by the American private equity firm. On Wednesday they announced their intention to merge. The deal is expected to value the combined group a…
A defence company nobody had heard of on Tuesday opened a 105,000 square foot missile factory in Texas on Wednesday. Covenant came out of stealth this morning. It announced Anthem, a long-range weapon system it says is designed for production in the th…
Analog Devices has agreed to buy Alif Semiconductor for $1.35bn in cash, with up to $200m more contingent on performance, adding a line of microcontrollers built to run neural networks inside devices rather than send data to a data centre. The deal was…
Harvey has closed a $550mn funding round at a $15.6bn valuation, slightly above the terms we reported it was seeking in August. The company has also acquired AI agent security startup Guardrails AI this week. The round was reported on Wednesday, and it…
NextDC is raising A$1.1bn, about $796M, through convertible notes to fund the continued expansion of its Australian data centres. It is the third time the company has raised capital in a little over four months. The terms were reported by Reuters on We…
Zankore has secured a senior term loan facility of up to $3.1bn to buy and deploy Nvidia GPUs across Indonesia and Southeast Asia. Nvidia is one of the company’s backers and also the supplier of the hardware the financing will pay for. Citi acted as ex…