2025-03-10
Scoop: ServiceNow buying Moveworks AI platform for almost $3 billion. Backed by Bain Capital Ventures, Lightspeed, Kleiner Perkins. Biggest deal ever for ServiceNow and one of the biggest venture-backed acquisitions in several years www.bloomberg.com/news/article...
Bloomberg
Sources: workflow automation company ServiceNow nears an agreement to buy enterprise AI assistant company Moveworks in a deal that could value Moveworks at ~$3B
- Transaction could value Moveworks at close to $3 billion — ServiceNow has been pushing into generative AI products
2025-02-16
Wrote something for Businessweek magazine that I've been thinking about. What happens to the 1200 unicorns? Many of them have been abandoned by investors as tech IPO markets dried up. The AI boom has distracted from the reality of hundreds of “zombie unicorns” www.bloomberg.com/news/article...
Bloomberg
CB Insights: a record 1,200 VC-backed unicorns have yet to IPO or get acquired; Carta: fewer than 30% of 2021 unicorns raised funding in the past three years
LPs are often invested in multiple firms which hold the same company and have an 🦅👀 into this Dave Kellogg / @kellblog : Hunker, baby, hunker [embedded post] LinkedIn: Katie Roof :...
2025-02-15
Wrote something for Businessweek magazine that I've been thinking about. What happens to the 1200 unicorns? Many of them have been abandoned by investors as tech IPO markets dried up. The AI boom has distracted from the reality of hundreds of “zombie unicorns” www.bloomberg.com/news/article...
Bloomberg
CB Insights: a record 1,200 VC-backed unicorns have yet to IPO or get acquired; Carta: fewer than 30% of 2021 unicorns raised funding in the past three years
The billion-dollar startup bubble is deflating, and more than $1 trillion in value is locked up in companies with dwindling prospects. Bluesky: @kellblog and @katieroof LinkedIn: K...
2025-02-08
Scoop on a big down round for British/Israeli fintech Rapyd as the reckoning from the 2021 boom continues to play out. Valuation sunk from $9 billion in 2021 to $3.5 billion in the current round. www.bloomberg.com/news/article...
Bloomberg
Sources: Stripe competitor Rapyd is in talks to raise $300M from investors at a $3.5B valuation, a dramatic decline from its valuation of around $9B in 2021
Bloomberg :
2025-01-22
Product is Bolt.New (how many Bolts are there??) [embedded post]
Bloomberg
StackBlitz, which offers an AI tool to create websites using text prompts, says it's finalizing raising $83.5M at a $700M valuation, following a $22M Series A
Bloomberg : Bluesky: @katieroof . LinkedIn: Katie Roof Bluesky: Katie Roof / @katieroof : Product is Bolt.New (how many Bolts are there??) [embedded post] LinkedIn: Katie Roof : A...