Browsing Tag
T. Rowe Price
9 posts
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.
Form Energy secures $750m as 80 GWh backlog pushes iron-air batteries into AI grid infrastructure
Form Energy has secured $750 million after its commercial backlog expanded from about 20 GWh to 80 GWh. The funding gives its 100-hour iron-air battery a pathway toward industrial scale, but manufacturing execution must now catch up with demand from Google, Xcel Energy, Crusoe and utility customers.
Databricks hits $190bn valuation as Lakebase and AI agent strategy expand
Databricks has closed $5 billion of strategic financing at a $190 billion valuation after surpassing a $7 billion revenue run-rate. The financing strengthens its push into AI agents, databases and enterprise applications, but the valuation now assumes Databricks can turn exceptional growth into a much broader software platform without sacrificing its positive cash-flow profile.
HubSpot (NYSE: HUBS) rebounds from the AI pricing reset as retail bets on a Q2 turnaround
HubSpot beat on every Q1 line and still lost a fifth of its market cap in a week. The real question is whether AI pricing fixes the moat or breaks the model.
Cross River just raised $50m, but the bigger story is where embedded finance is heading next
Cross River has raised $50 million to expand across AI, crypto, and embedded finance. Read what this means for fintech competition and growth.
Behind the $500bn milestone: How OpenAI turned secondary sales into a global power shift
OpenAI’s $500 billion valuation makes it the world’s most valuable startup. Find out what drove the deal, who invested, and whether the hype is sustainable.
Baltimore unveils $6bn housing redevelopment strategy targeting vacant homes and driving neighborhood renewal
Baltimore is betting big on housing with a $6B plan to revive 37,000 vacant homes and attract billions in private capital. Find out what it means for the city.
Harford Mutual updates its board, signaling strategic steadiness with an eye on market sophistication
Harford Mutual reshuffles its board with a T. Rowe Price executive and honors 80 years of outgoing service. Discover what this signals for the insurer’s future.
Databricks hits $43bn valuation with $500m Series I funding
Data and AI company Databricks has announced its Series I funding round, raising over $500 million and bringing…