DataRobot, an artificial intelligence startup that sells AI services to companies in a wide range of industries, announced $270 million in funding it described as “pre-IPO,” suggesting the eight-year-old company is preparing to go public. The funding round, led by Altimeter Capital, shows how AI startups with broad potential markets aren’t having trouble getting access to capital. The round...
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Stripe Walks Tightrope to Stay Private. Could Other Firms Follow?
Thirteen years after starting Stripe, chief executive Patrick Collison is raising his company’s largest ever slug of cash from venture capitalists. And he plans to alter employees’ stock plans so the company can delay a public offering. Is this a sign that more tech firms will once again try to delay going public? Not necessarily. But Stripe is positioning itself to stay private for...
FTX Sets Deadline for Politicians, Others to Return Donations
Apple Retailers in China Cut iPhone Prices
Carlyle Picks Former Goldman Sachs Executive as Next CEO
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