Equity Salesforce's silly deal dies as we keep our eyes on Ibotta and Rubrik
Apr 22, 2024
The latest financial trends are buzzing, with interesting insights on Ibotta's IPO and Salesforce's decision to scrap a major acquisition. The venture capital scene is heating up with new funds focusing on space and African investments. Electric vehicle companies face challenges from price cuts, impacting their market standing. The talk shifts to the rise of vector databases, which better handle AI-driven queries compared to traditional systems, signaling an exciting time for startups in this arena.
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Market Overview
- Asian and European shares are mostly up, with U.S. shares set to rise at the open.
- Bitcoin's price is flat after the halving, while Ethereum's is slightly down.
IPO Updates
- Ibotta's shares stabilized after a strong debut, currently at $98 pre-market.
- Rubrik's IPO, an unprofitable software company, could influence other unicorns.
New Venture Capital Funds
- Seraphim Space launched its second fund, focusing on space tech like AI and in-orbit computing.
- TLcom Capital launched a $154M fund focused on African FinTech, mobility, and other sectors.