AppLovin Corporation (APP) Q2 2021 Earnings Call Transcript fool.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fool.com Daily Mail and Mail on Sunday newspapers.
Insider buying can be an encouraging signal for potential investors, especially when markets are near all-time highs.
A couple of chief executive officers .
Ready? Let’s talk money, startups and spicy IPO rumors.
This week, Scale AI raised a $325 million Series E. The company, as TechCrunch has written, works in the data labeling space. And it has been on a fundraising tear over the last few years. In 2019 TechCrunch wrote about how the company’s then-22-year-old CEO had put together a $100 million round. Then in December of 2020, it raised $155 million at a roughly $3.5 billion valuation. Now it’s worth more than $7 billion.
Impressive, yeah? Well, as I learned earlier this week, AI startups in general are having one hell of a year. From the start of 2021 to April 12th, there were 442 AI-startup deals in the U.S. worth $11.65 billion, according to PitchBook data. And the recent Microsoft-Nuance AI deal may accelerate things even more.
Private Equity s Tech Bonanza Continues As KKR Stands To Make Billions On AppLovin Deal forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
AppLovin IPO: Why the mobile tech company is going public
Oliver Brett March 9, 2021 10:50 AM
With its revenue split between mobile gaming and mobile marketing, AppLovin is in line to proceed to an IPO. But how did it get to where it is now? Share:
What is AppLovin?
AppLovin is a mobile technology enterprise founded in 2012 with headquarters in Palo Alto, in the heart of California’s Silicon Valley. For its first two years, it raised $4 million from angel investors while operating in stealth mode. Even then, it was able to acquire some major brands as clients, with big names like Spotify and OpenTable using its services.