Equity Astera Labs going public and the Inflection-Microsoft AI saga
Mar 20, 2024
Astera Labs is making headlines with a strong IPO, pricing above expectations and signaling a positive trend for tech companies. TigerEye secures $35 million to innovate business intelligence, while Pocket FM's unique contra-subscription model highlights consumer tech success. The saga involving Inflection AI and Microsoft raises questions about AI acquisitions and antitrust issues. Additionally, the electric two-wheeler boom in India is examined, alongside a pension fund's strategic shifts in venture capital that suggest a thoughtful reallocation of resources.
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Astera Labs IPO Success
- Astera Labs priced its IPO above range, selling more shares at a higher price than anticipated.
- This resulted in a larger fundraise and a higher initial valuation.
Astera Labs and AI
- It's difficult to separate Astera Labs from the AI narrative, even though they don't directly produce AI tech.
- Their hardware supports data centers handling the increased data flow from the AI boom.
TigerEye's Origins
- TigerEye's founders, Tracy Young and Ralph Gouttee, previously built and sold PlanGrid for $875 million.
- They launched TigerEye to address business forecasting challenges they faced at PlanGrid.