Search results for Coatue
Finance
Fintech firm Mercury clears U.S. OCC hurdle, speeds push to launch own bank
U.S. fintech firm Mercury has received conditional approval from the Office of the Comptroller of the Currency for its national bank charter application, moving it to the next stage of launching Mercury Bank. The company said it will keep working with regulators to meet remaining requirements. Mercury is also seeking federal deposit insurance from the FDIC and plans to apply to the Federal Reserve to convert into a bank holding company.
Crypto
Prediction markets grow, JPMorgan CEO says it may one day take part
JPMorgan Chase CEO Jamie Dimon said the bank might one day be able to enter prediction markets, but drew a line at offering sports- or politics-related markets. He said there are things the firm will not do and that it has strict rules on insider information. Prediction markets have been expanding, with Goldman Sachs also reported to be reviewing possible participation as competition among platforms intensifies.
AI & Enterprise
Anthropic seen posting $18 billion revenue in 2026 with $14 billion EBITDA loss
Venture capital firm Coatue, which led Anthropic’s $30 billion investment round completed in February, presented potential investors in January with materials assessing the company’s valuation, Newcomer reported. The slide deck estimated Anthropic would post $18 billion in revenue in 2026 and a $14 billion loss on an EBITDA basis. It projected a $30 billion annualised revenue run-rate by end-2026 and outlined larger revenue, profit and valuation forecasts for 2031.
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AI & Enterprise
Cursor seeks additional funding at $50 billion valuation
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AI & Enterprise
Cursor enters $2 billion annual revenue run-rate club as enterprise push pays off
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AI & Enterprise
Anthropic accelerates enterprise AI push with business-focused pricing
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AI & Enterprise
Anthropic raises $30 billion at $380 billion valuation
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AI & Enterprise
Decagon AI raises $250 million at $4.5 billion valuation
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AI & Enterprise
Anthropic raises target for new funding round to $20 billion
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AI & Enterprise
Sequoia joins Anthropic funding round, breaking VC norms by backing rivals
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AI & Enterprise
Cyera raises $400 million at $9 billion valuation in Series F round