The whole-day event explored the latest trends in SaaS and AI and brought together over 1,300 SaaS founders, business leaders, investors, and decision-makers for a day of networking, panel discussions, and solutions showcases
Serve Robotics, the Uber and Nvidia-backed sidewalk robot delivery company, debuted publicly on the stock exchange Thursday, making it the latest startup to choose going public via a reverse merger as an alternative path to capital needed to fund growth. The company, which spun out of Uber's acquisition of Postmates in 2021, hits the Nasdaq under the ticker "SERV" with gross proceeds of roughly $40 million "prior to deducting underwriting discounts and offering expenses," per regulatory filings at a share price of $4. Serve completed its reverse merger with blank-check company Patricia Acquisition Corp. in August 2023, and at the same time secured $30 million in a round led by existing investors Uber, Nvidia and Wavemaker Partners, bringing its total amount raised at the time to $56 million.
20 Hottest Startups of 2024 sbr.com.sg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sbr.com.sg Daily Mail and Mail on Sunday newspapers.