MariaDB, an eight-year-old Finland-based company that is building a business around the eponymous open-source database software, announced it is going public through a merger with Angel Pond Holdings Corporation, a special purpose acquisition company (SPAC). The deal—which gives MariaDB an implied enterprise value of $672 million, or around 14 times its expected revenue of $47.4 million for...
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A16z’s Gaming Metaverse Play; Cognixion’s Assistive Reality Progress

As investment pulls back and tech stock sell-offs continue, leave it to Andreesen Horowitz to dangle a bit of hope for startups aiming to power through to the next boom. The Menlo Park firm announced Wednesday the creation of its first fund focused on the gaming industry, totalling $600 million. And though there’s a current of optimism for immersive tech behind this fund, I would bet that it...
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