Explore strategies, insights, and success stories for business growth and market expansion.
Quantum Computing
IQM Quantum Computers, a university spinout based in Finland, has joined the ranks of unicorns after closing a $300+ million Series B round led by Ten Eleven Ventures, a U.S. investment firm specializing in cybersecurity. The raise brings IQM’s total funding to date to around $600 million, solidifying
Artificial Intelligence (AI)
OpenAI announced Tuesday that it has agreed to acquire Statsig, a product testing and experimentation startup, in a $1.1 billion all-stock deal. The acquisition brings on Statsig’s founder and CEO, Vijaye Raji, who will join OpenAI as its new Chief Technology Officer of Applications. The deal, one of
Pharmaceutical
Biopharmaceutical giant Amgen announced Tuesday that it will invest more than $600 million to build a state-of-the-art research and development facility at its headquarters in Thousand Oaks, California. The move underscores the industry’s renewed push to strengthen U.S.-based operations amid mounting political pressure to reduce reliance on
Finance
Swedish buy now, pay later (BNPL) pioneer Klarna is moving forward with a long-anticipated public debut, announcing plans to raise up to $1.27 billion in a New York Stock Exchange listing that could value the company at up to $14 billion. Details of the Offering According to Klarna’s
Artificial Intelligence (AI)
Anthropic, the artificial intelligence company best known for its Claude models, has closed a landmark $13 billion Series F funding round, pushing its post-money valuation to $183 billion. The company says the fresh capital will be used to scale enterprise adoption, deepen AI safety research, and fuel international expansion. Investor
Artificial Intelligence (AI)
Mukesh Ambani, India’s richest man and chairman of Reliance Industries, has announced an ambitious new venture aimed at transforming India into a global hub for artificial intelligence. Speaking at the company’s 48th annual general meeting on Friday, Ambani launched Reliance Intelligence, a wholly owned subsidiary that will build
Energy
Massachusetts-based Commonwealth Fusion Systems (CFS) has secured $863 million in fresh funding, drawing support from an impressive roster of backers including Nvidia, Google, Breakthrough Energy Ventures, and a long list of venture and institutional investors. The raise marks another milestone for the most heavily funded fusion startup, pushing its total
Healthcare
Assort Health, a startup using artificial intelligence to automate patient communication for specialty healthcare practices, has raised about $50 million in a Series B round at a valuation of $750 million, according to three people familiar with the deal. The financing, led by Lightspeed Venture Partners, comes just four months
Telecommunications
EchoStar Corp. has struck a deal to sell spectrum licenses worth about $23 billion to AT&T Inc., a move aimed at shoring up the satellite telecommunications company’s finances while alleviating regulatory scrutiny over its unused airwaves. Announced Tuesday, the all-cash transaction will hand AT&T about
Pharmaceutical
AbbVie has agreed to acquire an experimental depression treatment from Gilgamesh Pharmaceuticals in a deal worth up to $1.2 billion, marking a significant step in the drugmaker’s push into next-generation psychiatric medicines. Under the agreement, AbbVie will acquire Gilgamesh’s lead asset, bretisilocin (GM-2505), an investigational therapy for
Energy
U.S. shale producer Crescent Energy announced on Monday that it will acquire smaller rival Vital Energy in an all-stock transaction valued at $3.1 billion, including debt. The move underscores the drive for scale among U.S. oil and gas producers, even as industry dealmaking slowed in the second
Food
Keurig Dr Pepper (KDP) is making a bold bet on coffee. The U.S. beverage giant announced Monday it will acquire Dutch coffee and tea company JDE Peet’s in a deal valued at roughly €15.7 billion ($18.4 billion), a move aimed at reviving its struggling coffee division