Sri Muppidi

4 weeks ago | theinformation.com | Sri Muppidi

Source: The InformationA Nokia pension plan has told some U.S. VC funds that it was selling its stakes in those funds, The Information reported on Thursday. Lexington Partners, a New York investment firm that specializes in buying VC funds and startup shares from other investors, bought some of those stakes, worth hundreds of millions of dollars each. The sale is an example of how more limited partners are cashing out of their stakes in venture funds, as initial public offerings remain rare.

4 weeks ago | theinformation.com | Sri Muppidi

The year 2025 was supposed to bring a cash windfall to venture capital backers, as companies that had delayed going public finally made the leap. That hasn’t happened. With a roller-coaster stock market delaying many long-anticipated initial public offerings, the limited partners in VC funds have been finding new ways to cash out of their stakes in private tech firms. Some are selling their ownership of VC funds. The VC funds in turn have been putting their own startup stakes up for sale.

1 month ago | theinformation.com | Sri Muppidi

Abridge, a seven-year-old startup that sells artificial intelligence software for transcribing physicians’ conversations with patients, is in discussions with investors to raise hundreds of millions of dollars at around a $5 billion valuation before the investment, according to two people with knowledge of the plans. The funding would nearly double Abridge’s last private valuation, announced three months ago.

1 month ago | theinformation.com | Sri Muppidi

Source: The InformationPerplexity, the three-year-old startup that has raised nearly $900 million in just over a year, has been using some of its venture capital windfall to make acquisitions or hire staff from struggling startups, The Information reported Monday. The startup bought Sidekick, a six-year-old startup developing a distraction-free browser. The startup also hired employees from Rhymes AI, a startup founded by Kai-Fu Lee, former head of Google’s Chinese operations.

1 month ago | theinformation.com | Sri Muppidi

Earlier today we published a deep dive on Perplexity’s financials. The three-year-old startup’s AI powered search engine has made it one of the most highly valued and fastest growing AI startups. Supporting that growth is expensive. As a sign of its growing popularity, the number of questions people have asked the search engine increased five-fold, to 460 million, in December from the year-earlier period, the company has told investors.