**IPO Updates **
📈 Chime Surges in Nasdaq Debut
Chime priced its IPO at $27 per share and opened trading around $43—a nearly 60% premium—before settling at $37.11, marking a 37% rise over the IPO price and valuing the company at approximately $13.5 billion
The company raised roughly $864 million by issuing 32 million shares, with around $165 million from existing shareholders.

🚀 Voyager Technologies Rockets 82%
Voyager Technologies, a defense and space tech firm, launched on the NYSE at $31 per share and closed its first trading day at $56.48, up about 82%, following a peak intraday high of $67
The company raised approximately $382–383 million by issuing 12.35 million shares—above the expected range—signaling robust demand in the commercial space sector
Voyager is only the second space-focused IPO this year, joining Karman Holdings, which has since doubled its share price from the $22 IPO.

Travel‑tech firm Navan (formerly TripActions) has quietly assembled underwriting banks—including Goldman Sachs—as it prepares to file confidentially for a U.S. IPO, aiming to go public as soon as Q4 this year at a valuation north of $8 billion.

UK-based fintech Wise plans to move its primary stock listing from the London Stock Exchange to the U.S., while keeping a secondary London listing.

Gemini, the crypto exchange, has filed confidentially for an initial public offering.

Meta Takes Large Stake in Scale AI
Meta has agreed to acquire a 49% stake in Scale AI for about $14.8 billion, valuing the startup at roughly $29 billion.
The deal includes bringing Scale’s co-founder and CEO Alexandr Wang into Meta to head a newly established “superintelligence” team, while Scale continues serving other clients.
This move deepens Meta’s access to high-quality labeled training data—essential fuel for its AI ambitions—while addressing recent concerns over its competitive position, especially after the underwhelming Llama 4 and delayed "Behemoth" AGI model.

Just like Microsoft → OpenAI → CoreWeave, Meta joining hands with Scale forms a chain: compute → data → model-building.
Meta’s investment reflects this broader AI strategy: secure each critical component—compute, training data, and expert leadership—from the ground up.

🛍 Shopify Powers Perplexity’s Shopping Tool
Shopify’s new Catalog API is now live, with Perplexity as its first confirmed partner. The API provides real-time, machine-readable access to every product on Shopify stores—titles, prices, inventory, taxonomy, and enriched attributes like color and material—without scraping lag.
This integration allows Perplexity to surface Shopify-hosted products within its shopping query results.
It also supports a “Buy with Pro” experience, enabling one-click checkout via Stripe—where fraud detection is optimized for AI frameworks.

💰 OpenAI Hits $10B in ARR
OpenAI has confirmed it has surpassed $10 billion in annual recurring revenue, reinforcing its market leadership.

🎯📊 Databricks Targets Non-Tech Users
Databricks unveiled new tools aimed at business teams—not just engineers—hoping to broaden its reach and accelerate revenue growth:
A drag-and-drop UI for building charts and data pipelines from sources like Salesforce.

Databricks reported a projected $3.7 billion in annualized revenue by July—a 50% year-over-year increase—and disclosed $300 million in ARR from AI products alone

💻 Anysphere and Glean Scale Up
Anysphere (maker of Cursor) now exceeds $500 million in annualized revenue and closed a $900 million funding round at a $9.9 billion valuation .

Glean, a business chatbot startup, raised $150 million in Series F funding, reaching a $7.2 billion valuation. While Glean surpassed $100 million in ARR in Q4, it aims to hit $235 million ARR by Jan 2026.

🇪🇺 Europe Ramps Up Homegrown AI with Mistral
Amid rising geopolitical pressures, European firms and governments are increasingly supporting homegrown AI. France’s Mistral is benefiting smartly:
Pacing toward over $100 million in annual revenue and winning major multi-year contracts.

Planning a 40‑megawatt data center near Paris with 18,000 Nvidia GPUs, expandable to 100 megawatts—a bold push for AI infrastructure sovereignty