Private company news for Q2 2023
- Rubrik is preparing for an IPO. The company has hired three banks – Goldman Sachs, Barclays and Citigroup – to help with the initial public offering. Rubrik could raise more than $750 million in an IPO.
StoreDot's batteries have exceeded expectations. The company has successfully completed the first phase of testing of its Extremely Fast Charging (XFC) EV batteries. Tests were conducted for six months with 15 leading car manufacturers.
Eat Just received approval to sell cultured meat from U.S. regulators. Lab-grown chicken will be available in Washington, D.C., at restaurants by celebrity chef José Andrés.
Flexport has acquired Shopify Logistics. The company now offers order fulfillment for online stores, B2B distribution and last-mile delivery – to a customer's door. The last-mile delivery market is projected to exceed $357 billion by 2031.
Zipline raised $330 million in a Series F funding round valued the company at $4.2 billion, up 55% from its previous valuation of $2.7 billion two years ago.
Chime and Bancorp extended the partnership agreement for a long-term period.
ThoughtSpot acquires Mode. The company believes Mode will bolster its generative AI apps, double its client base and increase annual revenue to $150 million.