{
}
Elon Musk has finally seen his social media platform, X, regain its initial valuation of €41.8 billion after 874 days of tumultuous leadership marked by bold decisions and controversies. Despite significant challenges, including a toxic work environment and legal issues, Musk's vision of transforming X into a multifunctional platform continues to attract investment. The future remains uncertain as he navigates the accumulated debt and seeks to win back advertisers and users.
Peak XV is seeking to raise a $1.2 billion fund, marking its first fundraising effort since the split from Sequoia. This move highlights the firm's ambition to expand its investment capabilities in the evolving market landscape.
Andreessen Horowitz is negotiating to lead a funding round for Thinking Machines Lab, an AI startup founded by former OpenAI CTO Mira Murati, potentially valuing the company at $10 billion. Launched in February 2025, the firm aims to develop safer AI systems and currently has no revenue or products, supported by a team largely composed of ex-OpenAI employees. The funding round could reach $2 billion, with Sequoia Capital also in talks to participate, reflecting a trend where former OpenAI executives are attracting significant investments based on their reputations.
Pennylane, a French accounting software startup, has secured €75 million (US$82 million) in a funding round led by Sequoia Capital, doubling its valuation to €2 billion (US$2.2 billion). Founded in 2020, the company serves 4,500 firms and 350,000 businesses in France and plans to use the new capital to expand into Europe, starting with Germany, aiming for product maturity in two years. Pennylane anticipates reaching €100 million (US$109 million) in annual recurring revenue and aims to break even by the end of 2025.
Sesame AI Inc., a US startup specializing in AI voice assistants, is seeking to raise over $200 million in funding, potentially co-led by Sequoia Capital and Spark Capital, which would elevate its valuation to over $1 billion. Founded in 2023 by Brendan Iribe and Ankit Kumar, the company launched its voice assistants, Maya and Miles, in February after securing $47.5 million in a Series A round led by Andreessen Horowitz.
Elon Musk has once again acquired Twitter, merging it with his AI company, xAI, in a deal valued at $44 billion, despite the platform's declining worth. This transaction, likely a stock swap, aims to combine xAI's AI capabilities with Twitter's extensive reach, raising concerns about potential mass disinformation. Musk stated that the merger would unlock significant potential by integrating their resources and expertise.
Elon Musk announced that xAI has acquired X, the social media app formerly known as Twitter, in an all-stock merger valuing xAI at $80 billion and X at $45 billion, including $12 billion in debt. This move aims to protect Twitter investors and integrate the strengths of both companies, leveraging xAI's advanced AI capabilities with X's extensive reach. Musk emphasized that their futures are intertwined, promising significant potential from this combination.
Israeli cybersecurity startup Island has raised $250 million in its Series E funding round, boosting its valuation to $4.8 billion. The round was led by Coatue, with participation from existing investors like Sequoia Capital and Insight Partners. Founded by Mike Fey and Dan Amiga, Island has now secured over $730 million in total funding and employs over 450 people, with 200 based in Tel Aviv.
Sequoia Capital will close its Washington DC office and dissolve its policy team by March 2025, impacting three employees and policy fellows. Established five years ago to assist portfolio companies with regulatory issues, the firm will now rely on existing networks for policy engagement. This shift reflects a change in Sequoia's approach to maintaining connections and expertise in the US and Europe without a dedicated team.
Privy, a New York-based Web3 wallet infrastructure company, has secured $15 million in a funding round led by Ribbit Capital, bringing its total funding to over $40 million. The investment also saw participation from notable investors like Sequoia Capital and Coinbase. With the new capital, Privy aims to double its workforce from 25 to 50 employees within the next 18 months, focusing on enhancing its product, engineering, legal, and go-to-market teams.
Arazul Sequoia Capital FIM C Priv
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Elon Musk achieves milestone with X after turbulent journey since acquisition
13:30 28.04.2025
peak xv seeks to raise 1.2 billion fund after sequoia split
03:00 25.04.2025
a16z leads funding for mira murati's ai startup thinking machines lab
United States Dollar
Arazul Sequoia Capital FIM C Priv
Ilya Sutskever
Bob Mcgrew
Alec Radford
Mira Murati
Sam Altman
Show more
06:00 12.04.2025
Sequoia leads 82 million funding round for French accounting startup Pennylane
05:50 07.04.2025
Sesame AI seeks 200 million funding to enhance voice assistant technology
08:40 01.04.2025
Elon Musk merges Twitter with xAI in surprising self-acquisition deal
13:14 31.03.2025
Elon Musk announces xAI acquisition of social media app X
23:18 28.03.2025
Israeli startup Island secures 250 million in series E funding round
02:30 27.03.2025
Sequoia Capital to close Washington DC office by March 2025
08:30 20.03.2025
Privy secures 15 million funding to expand workforce and enhance services
United States Dollar
Paradigm Select Fund
Coinbase Global, Inc.
Arazul Sequoia Capital FIM C Priv
USA
Show more
07:00 20.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Finance Mergers & Acquisitions
Global Financial Events
AI Innovations
Retail and Consumer Goods
Startups & Entrepreneurship
Industry Mergers & Acquisitions
Banking Regulations
Funding Rounds & Investments
Market Analysis and Predictions
Central Bank Actions
Supply Chain Management
AI & Automation Regulations
CEO Changes
Government Policies
Government Economic Policies
Domestic Politics
Global Trade Developments
Countries:
Companies:
NVIDIA Corporation
Huawei Technologies CO. Ltd.
The Goldman Sachs Group, Inc.
Apple Inc.
Tesla, Inc.
Barclays PLC
Citigroup Inc.
Wells Fargo & Company
Morgan Stanley
HSBC HOLDINGS
BNP Paribas SA
American Express Co
DEUTSCHE TELEKOM
Bank of America Corporation
Berkshire Hathaway Inc.
VP Bank AG
Amazon.com, Inc.
Tiktok USD
HSBC Holdings plc
Microsoft Corporation
Currencies:
United States Dollar
Euro
British Pound Sterling
Indian Rupee
Swiss Franc
Chinese Yuan
Japanese Yen
United Arab Emirates Dirham
Offshore Chinese Yuan
Saudi Riyal
Australian Dollar
Hong Kong Dollar
Swedish Krona
Brazilian Real
South Korean Won
Norwegian Krone
Canadian Dollar
Egyptian Pound
People: