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San Francisco
71 posts
Oura files Nasdaq IPO as $11bn valuation meets profit surge
Oura has filed for a Nasdaq IPO after nine-month revenue jumped 74% to $1.21 billion and net income reached $60.8 million. The smart-ring company has 5 million paying members and membership gross margins of 89%, but hardware still produces 80% of revenue. Its public-market test is whether investors value Oura as a consumer-device maker or a recurring health-intelligence platform.
Uber revenue grew 12%. Why are 3,300 jobs disappearing as robotaxi spending accelerates?
Uber Technologies is eliminating roughly 10% of its corporate workforce while quarterly revenue, bookings and profitability continue to rise, redirecting resources toward autonomous vehicles and a simpler operating structure.
Airwallex crossed $1bn in annualised revenue, so why is it still holding back from public markets?
Airwallex says it will be IPO-ready by year-end but sees little reason to rush into public markets. With annualised revenue above $1 billion, an $11 billion valuation and fresh expansion into autonomous finance, the bigger question is whether waiting strengthens the eventual listing or allows private-market expectations to run ahead of financial disclosure.
Patreon says AI did not replace 93 workers, but its restructuring tells a more complicated story
Patreon is removing 93 positions and flattening management despite reporting continued creator, membership and payment growth across its platform.
Visa is growing at 14%, so why is it cutting 2,600 jobs? The answer goes beyond AI
Visa is eliminating about 7% of its workforce even as payments volume, revenue and earnings rise, signalling a strategic reallocation rather than a conventional downturn response.
TwelveLabs rakes in $100m as video AI moves toward enterprise intelligence
TwelveLabs has raised $100 million to expand its video-native artificial intelligence platform, deepen its Amazon Web Services alliance and move from video search models into enterprise applications.
Lime wants a $1.66bn valuation, but its IPO is also a balance-sheet rescue
Lime’s proposed Nasdaq IPO could raise nearly $181 million and convert much of its debt into equity, but investors must decide whether global micromobility has finally become a durable business.
Baseten is suddenly worth $13bn, but can AI inference deliver software margins?
Baseten’s enormous Series F gives the artificial intelligence infrastructure company fresh capital to expand computing capacity as enterprises seek cheaper, controllable alternatives to closed-model providers.
What OpenAI’s Jalapeño chip says about the next phase of AI infrastructure competition
OpenAI’s Jalapeño chip gives Broadcom a deeper role in custom AI silicon, inference infrastructure and AVGO’s trillion-dollar growth narrative.
Butterfly Network (BFLY) stock jumps as Midjourney unveils full-body ultrasound scanner
Butterfly Network shares surged after Midjourney revealed that its proposed full-body scanner uses 40 BFLY ultrasound modules, exposing investors to a high-risk medical-imaging opportunity.