ServiceNow, a U.S. cloud-based software company, announced the acquisition of Element AI, a Canadian artificial intelligence software company. The acquisition involves plans to build the first AI Innovation Hub in Canada. [more]
C3.ai, a U.S. enterprise AI software provider, listed on the NYSE under the ticker “AI”. C3.ai raised proceeds of over $650M with an approximate valuation of $4B. [more]
Peak’s revenue in Q3/2020 doubles to $15.1M compared to $7.3M in Q2/2020. Revenue for the quarter was 35% higher than our estimate of $11.2M and illustrates the adoption of Peak’s solutions in the marketplace. [more]
In August, Duck Creek listed publicly on the NASDAQ, raising $405M after pricing its IPO at $27 per share. At the close of its first trading day, DCT’s stock reached $40 per share, a 48% increase from the listing price. [more]
Advertising revenue recovered in the quarter as many customers renewed previously paused campaigns and started to spend on new campaigns. Q3/2020 revenue increased 15% year-over-year. Even during the current health crisis, EQ added 33 new clients so far in 2020. [more]
Last month, Opendoor Labs, a technology company with an online real estate platform, announced plans to list publicly through a merger with Social Capital Hedosophia Holdings II, a special purpose acquisition company. [more]
Last week, Nuvei, a Canadian technology company focused on electronic payment solutions, started trading on the TSX, raising $833 million in the largest tech IPO in TSX history. Two classes of shares were issued, the subordinate voting shares and the multiple voting shares. [more]
The Company announced that it has entered into an agreement to acquire Property Information Exchange for £31.0M (C$52.9M), in an all-cash deal. Concurrent with the acquisition, Dye & Durham raised C$50M from a bought-deal financing. [more]
The enterprise Big Data & Analytics company was founded by billionaire investor Peter Thiel and Dr. Alex Karp. The Company expects to bill $1B in revenue in 2020 and be profitable. Verticals include defense and intelligence agencies, including the CIA, energy, financial services, healthcare, manufacturing and transportation sectors. [more]
Berkshire exits positions in banks, financial firms, and airlines, while entering a position in Barrick Gold; Paulson & Co. exits positions in Allergen , Spring Corp, and Tech Data; and Pershing Square exits positions in Berkshire Hathaway, Blackstone / GSO Credit Fund, and Park Hotels & Resorts. [more]
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