Astera Labs raised $712.8 million in its IPO at a $5.5 billion valuation

Mar 25, 2024

  • Astera Labs raised $712.8 million in its IPO at a $5.5 billion valuation

  • BigID raised $60 million at a valuation greater than$1 billion.

  • Deel acquired PaySpace, a payroll and HR company, and announced that they have surpassed $500 million in ARR.

  • Reddit raised $748 million in its IPO at a $6.4 billion valuation

  • Stability AI CEO, Emad Mostaque, has left the company to focus on decentralized AI.

  • Udacity was acquired by Accenture to provide users with an AI knowledge center.

The news articles and links presented below are available for your reference.

ASTERA LABS

“AI Infrastructure Firm Astera Labs Prices IPO Above Target to Raise $713 Million”

BIGID

“BigID raises $60 million at over $1 billion valuation as it closes on $100 million in ARR”

DEEL

“Deel acquires Africa’s PaySpace, says it’s crossed $500M in ARR”

REDDIT

“Reddit prices IPO at top of indicated range to raise $748 million”

STABILITY AI

“Stability AI CEO Resigns Because You’re ‘Not Going To Beat Centralized AI With More Centralized AI’”

UDACITY

“Accenture to Acquire EdTech Leader Udacity to Accelerate Capabilities of Accenture LearnVantage”

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