Omeed Malik’s 1789 Capital, known for its conservative investment focus, has led a $140 million funding round for BlinkRx, a startup aimed at providing affordable prescription medications. This round values BlinkRx at approximately $2 billion and includes investments from Fidelity Investments, 8VC, Cercano Management, and Sweetwater Private Equity. Donald Trump Jr. is among the latest hires at 1789 Capital.
Palantir Technologies reported strong third-quarter results, with a 30% year-over-year revenue growth to $726 million, surpassing expectations. CEO Alex Karp highlighted a surge in AI demand, particularly from U.S. government clients, and raised the company's 2024 revenue guidance to $2.805 billion to $2.809 billion. Despite challenges in international markets, Palantir's shares soared 13% in after-hours trading, reflecting a 141% increase for the year.
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