HR tech firm Rippling raises new funding at $16.8 billion valuation, no IPO plans
Reuters· 2026-05-09 17:02AI Processing
Core Insights - Rippling, an HR software startup, raised $450 million in Series G funding, achieving a valuation of $16.8 billion, focusing on global revenue growth over immediate profitability [1][4][5] Funding and Valuation - The funding round included participation from notable investors such as Y Combinator, Elad Gil, Sands Capital, GIC, and Goldman Sachs Growth [2] - The new valuation of $16.8 billion marks an increase from the previous valuation of $13.5 billion in early 2024 [4] Employee Equity and IPO Plans - Rippling plans to repurchase up to $200 million of equity from current and former employees through a tender offer, which may become an annual event [2][3] - The CEO stated that the company does not have immediate plans for an IPO, emphasizing the need for profitability before considering going public [4][6] Business Performance and Strategy - Rippling has surpassed $100 million in annual recurring revenue and serves over 20,000 customers with a suite of more than 20 products [5] - The company is prioritizing growth over profitability, indicating a strategic choice to expand rapidly rather than slow down for immediate profit [6] Legal Challenges - Rippling is involved in ongoing legal disputes with competitor Deel, including allegations of corporate espionage, which have raised questions about competitive practices in the tech industry [7][8]
INO FINAL DEADLINE: ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Inovio Pharmaceuticals Inc. Investors to Secure Counsel Before Important Deadline in Securities Class Action - INO
TMX Newsfile· 2026-03-21 02:17
New York, New York--(Newsfile Corp. - March 20, 2026) - WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Inovio Pharmaceuticals, Inc. (NASDAQ: INO) between October 10, 2023 and December 26, 2025, inclusive (the "Class Period"), of the important April 7, 2026 lead plaintiff deadline.SO WHAT: If you purchased Inovio securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arra ...
Skychain Technologies Inc. Provides Update on Delisting Notice and Ongoing Information Access Issues
TMX Newsfile· 2026-03-21 01:58
Core Viewpoint - Skychain Technologies Inc. is facing a potential delisting from the TSX Venture Exchange due to a lack of access to corporate records and information necessary for the board to make informed decisions [2][3][8] Group 1: Delisting Notice and Company Response - The company received a delisting notice from the TSX Venture Exchange on November 3, 2025, which was initially addressed by prior management [2] - The current board has been granted an extension to respond to the delisting notice by March 24, 2026 [2] - The newly constituted board is unable to assess the delisting situation due to insufficient access to electronic records and corporate data [3] Group 2: Access to Corporate Records - The board has attempted to contact former directors and senior management to retrieve necessary corporate records and systems access [4] - Limited information has been received from former CEO Don Gordon, but critical electronic records and complete corporate information are still lacking [5] - The company is under a court order to preserve and deliver all documents and cooperate with the replacement directors [6] Group 3: Current Status and Future Steps - The company acknowledges its limited ability to assess its financial position and operations due to the lack of access to corporate records [7] - The board is actively working to obtain access to the company's records and systems to evaluate its financial status and regulatory obligations [8] - Further updates will be provided as more information becomes available and as required by securities laws and exchange policies [8]
Shareholder Alert: Ademi LLP Investigates Claims of Securities Fraud against Super Micro Computer, Inc.
Prnewswire· 2026-03-21 01:54
Core Viewpoint - Ademi LLP is investigating potential securities fraud claims against Super Micro Computer, Inc. due to possible inaccuracies in the company's financial statements and business operations [1]. Group 1: Investigation Details - The investigation is centered on whether SuperMicro's internal controls and compliance systems were adequate to prevent illegal activities by senior executives [3]. - Yih-Shyan "Wally" Liaw, co-founder and senior vice president of business development, has been charged with smuggling servers containing Nvidia chips to China, violating US export controls [3]. - Additional charges have been brought against Ruei-Tsang "Steven" Chang, a sales manager in Taiwan, and Ting-Wei "Willy" Sun, a contractor described as a "fixer" [3].
New court filing reveals Pentagon told Anthropic the two sides were nearly aligned — a week after Trump declared the relationship kaput
TechCrunch· 2026-03-21 01:40
Core Argument - Anthropic challenges the Pentagon's claim that it poses an "unacceptable risk to national security," asserting that the government's case is based on misunderstandings and unraised claims during prior negotiations [1][2]. Group 1: Legal Proceedings - Anthropic submitted two sworn declarations to a California federal court as part of its lawsuit against the Department of Defense [2]. - A hearing is scheduled for March 24 before Judge Rita Lin in San Francisco [2]. - The dispute originated when President Trump and Defense Secretary Pete Hegseth announced the termination of ties with Anthropic due to the company's refusal to permit unrestricted military use of its AI technology [2]. Group 2: Key Personnel Involved - The declarations were submitted by Sarah Heck, Anthropic's Head of Policy, and Thiyagu Ramasamy, the Head of Public Sector [3]. - Heck, a former National Security Council official, was present at a critical meeting with Defense Secretary Hegseth [4]. - Ramasamy has experience managing AI deployments for government clients at Amazon Web Services and has been instrumental in integrating Anthropic's Claude models into national security settings [9]. Group 3: Claims and Counterclaims - Heck refutes the government's assertion that Anthropic sought approval over military operations, stating that such a demand was never made during negotiations [5]. - She highlights that concerns about Anthropic potentially altering its technology mid-operation were not raised until the government's court filings [6]. - Ramasamy counters the claim that Anthropic could interfere with military operations, explaining that once deployed in a secure system, Anthropic has no access to the technology [10]. Group 4: Security and Compliance - Ramasamy emphasizes that Anthropic employees have undergone U.S. government security clearance vetting, which is required for access to classified information [12]. - He asserts that Anthropic is unique among AI companies in having cleared personnel who developed AI models for classified environments [12]. Group 5: Government's Position - Anthropic's lawsuit argues that the supply-chain risk designation is government retaliation for its views on AI safety, violating the First Amendment [13]. - The government contends that Anthropic's refusal to allow military use of its technology is a business decision, not protected speech, and that the designation is a national security measure [14].
Raymond James Downgrades Baytex Energy Corp. (BTE) to Market Perform After 40% Share Rally
Insider Monkey· 2026-03-21 01:39
When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard. Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences. At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000 ...
SoftBank and AEP plan massive Ohio gas-fired AI data center campus
The Economic Times· 2026-03-21 01:33
Core Viewpoint - The partnership between SoftBank Group and AEP Ohio aims to construct a significant gas-fired power plant and a 10-gigawatt artificial intelligence server warehouse in Ohio, as part of a broader trade deal between the U.S. and Japan, which seeks to enhance energy capacity and reduce reliance on China in technology sectors [1][3][8]. Investment and Funding - The public-private partnership includes $33.3 billion in funding from Japan, contributing to a total investment commitment of $550 billion across various sectors in the U.S. [3][9]. - SB Energy, a unit of SoftBank, is also investing $4.2 billion to upgrade and build transmission lines in southern Ohio [4][9]. Energy Capacity and Infrastructure - The proposed gas plant will have a capacity of 9.2 gigawatts, which, along with the data center, would rank among the largest globally, with one gigawatt capable of powering nearly 1 million homes [2][8]. - The U.S. government is leveraging federal lands to enhance power generation and create jobs, aiming to secure a competitive edge in the artificial intelligence sector [5][9]. Environmental Concerns - Environmental advocates express concerns that the new power plant will lead to significant local pollution and contribute to global warming emissions, indicating a potential conflict between energy development and environmental sustainability [7][9]. Economic Implications - The arrangement may provide a solution to the financial burden on the public for data center power expenses, suggesting a shift towards charging data centers directly rather than passing costs onto ratepayers [6][9].
This Nvidia-Backed Stock Is Slated to Quadruple Its Revenue by 2027
The Motley Fool· 2026-03-21 01:30
Core Investment Insights - Nvidia has made a significant investment in CoreWeave, owning over 24 million shares valued at more than $2 billion, indicating strong confidence in CoreWeave's potential [1] - CoreWeave is a cloud computing company focused on AI computing power, experiencing rapid growth and deploying Nvidia chips, which has attracted Nvidia's investment [2] Financial Performance - CoreWeave reported a remarkable 110% year-over-year growth rate in the fourth quarter, with a revenue backlog of nearly $67 billion, reflecting a 342% increase year-over-year [2] - Over the past 12 months, CoreWeave generated $5.13 billion in revenue, with projections of $12.5 billion by the end of 2026 and $23.1 billion by the end of 2027, indicating a potential fourfold increase in just two years [4] Market Position and Strategy - CoreWeave is focused on expanding its market share by investing heavily in infrastructure to meet growing demand from AI hyperscalers, with a strategy to shift focus to profitability once the market stabilizes [6] - The company is currently prioritizing growth over immediate profitability, which may delay profit generation for shareholders [5][6]
Dixie Gold Inc. Receives Notice of Deficiency
TMX Newsfile· 2026-03-21 01:20
Core Viewpoint - Dixie Gold Inc. is facing a Notice of Deficiency from the TSX Venture Exchange due to the departure of its Chief Executive Officer and Corporate Secretary, which has resulted in non-compliance with management requirements [2][3]. Group 1: Executive Departure and Compliance Issues - The TSX Venture Exchange issued a Notice of Deficiency because the former CEO and Corporate Secretary left without appointed successors, leading to non-compliance with Exchange Policy 3.1 [2][3]. - Dixie Gold must address its officer deficiencies and comply with the Exchange Requirement by June 18, 2026, which includes appointing a new CEO and Corporate Secretary [4]. Group 2: Challenges in Finding Successors - The company faces challenges in finding qualified senior executives due to public-record constraints and the speculative nature of its operations, which may limit available candidates [5]. - Candidates for officer and board positions must be approved by the TSX-V, adding another layer of complexity to the recruitment process [5]. Group 3: Shareholder Meeting and Delisting Resolution - At a recent annual general and special meeting, disinterested shareholders approved a special business delisting resolution, which remains an option for the company at the discretion of its board [7]. - The former CEO, who resigned but remains on the board, voted against the Delisting Resolution as a significant shareholder, although his vote was excluded from the count [7]. Group 4: Future Updates - The company will provide updates on the matters discussed as required [8]. Group 5: Company Overview - Dixie Gold Inc. is a junior exploration company with a portfolio of mining-related interests in Canada [9].
Prentice Capital Fully Liquidates Position in Compass, According to Recent SEC Filing
The Motley Fool· 2026-03-21 01:15
Company Overview - Compass operates in the U.S. real estate market, leveraging technology to enhance agent productivity and improve client experience [4] - The company integrates advanced software solutions with traditional brokerage services, creating a differentiated value proposition [4] - Compass aims to capture market share through digital transformation and a significant national presence [4] Financial Performance - As of February 17, 2026, Compass shares were priced at $10.10, with a market capitalization of $5.76 billion [3] - The company reported a revenue of $6.96 billion and a net income of -$56.40 million for the trailing twelve months (TTM) [3] - The share price increased by 26.6% over the past year, outperforming the S&P 500 by 15.45 percentage points [2] Business Model - Compass operates a tech-enabled residential brokerage where revenue is directly tied to the volume and value of home transactions closed by agents [6] - The company's model relies on capturing a share of commissions generated by agents, making it sensitive to housing activity and pricing [6] - Agent productivity, recruitment, and retention are central to Compass's business, as higher-producing agents generate more transaction value [7] Market Dynamics - The performance of Compass is driven by transaction volume and gross commission revenue retained after paying agents [7] - Stronger housing conditions can increase revenue through higher volumes and prices, but profitability depends on balancing agent incentives with cost discipline [9] - The key challenge for Compass is to scale its agent network and transaction flow while improving profitability, rather than just growing revenue alongside the housing cycle [9]