TECH IPO MARKET ENTERS 'GOLDEN AGE,' BARCLAYS SAYS
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Technology sector IPOs are entering a period of significant growth, according to Jamie Turturici, head of TMT equity capital markets at Barclays. Multiple companies are preparing to go public.
■ MORE FROM THE STARTUPS DESK
NavigateAI, the stealth startup from former Opendoor CEO Eric Wu, is deploying AI-powered guidance systems to address construction's severe labor shortage. The company raised $25 million from Elad Gil, Khosla Ventures, and Lennar.
London-based UForce, which develops unmanned vehicles for air, land, and sea operations, is raising approximately $500 million in new funding led by Valor Equity Partners at a ~$5 billion valuation.
Voicebox, a new service, allows customers to record voice notes on their phones to send feedback instead of completing email surveys or waiting on hold. The platform streamlines the customer feedback process.
Hyperspectral orbital imagery startup Pixxel closed a $100 million Series C round led by Temasek and Seraphim. The funding brings the LA- and Bengaluru-based company's total capital raised to $195 million.