Thursday, June 29, 2023

Sources: after struggling to raise at a $4B valuation Stability AI secured a convertible note worth under $25M; Stability AI denies fundraising difficulties (Bloomberg)

Bloomberg:
Sources: after struggling to raise at a $4B valuation, Stability AI secured a convertible note worth under $25M; Stability AI denies fundraising difficulties  —  Stability AI, the artificial intelligence startup that has been struggling to raise funding at a $4 billion valuation …



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Datadog closed up 31%+ after reporting Q1 revenue up 32% YoY to $1B and raising its FY revenue forecast, an outlier in the software industry amid the AI boom (Mike Wheatley/SiliconANGLE)

Mike Wheatley / SiliconANGLE : Datadog closed up 31%+ after reporting Q1 revenue up 32% YoY to $1B and raising its FY revenue forecast, a...