Search results for Coatue Management
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
Cursor seeks additional funding at $50 billion valuation
AI coding startup Cursor is discussing raising additional funding at a valuation of about $50 billion, according to reports. Bloomberg News said the talks are at an early stage and may not lead to a final investment deal. Cursor raised $2.3 billion in November from Accel, Thrive, Andreessen Horowitz, Coatue Management, Nvidia and Google, valuing it at $29.3 billion. The company develops AI coding tools for developers.
AI & Enterprise
Decagon AI raises $250 million at $4.5 billion valuation
Decagon AI raised $250 million in Series D funding at a valuation of $4.5 billion, SiliconANGLE reported on Jan. 28. The round was led by Coatue Management and Index Ventures, with participation from a16z, Accel Partners and Bain Capital, among others. Founded in 2023, Decagon AI focuses on improving customer experience for businesses through an AI-based concierge platform that combines large language models and machine learning.