Search results for Wellington
AI & Enterprise
ElevenLabs valued at $22 billion, doubling in 8 months
Voice AI company ElevenLabs said it has been valued at $22 billion after completing a $300 million tender offer for employee holdings. The valuation is about double the level from its Series D funding round in February. The deal was led by Wellington and T. Rowe Price, with new investors including Goldman Sachs and GIC as well as existing investors participating. The company said enterprise revenue accounts for 55 percent of total sales.
Crypto
Kalshi seeks funding at $40 billion valuation, expands beyond prediction markets into trading platform
Prediction market exchange Kalshi is in late-stage talks to raise $1 billion, a deal that would value the company at about $40 billion, Reuters reported. Tiger Global and Dragoneer Investment Group are among potential new backers, while Sequoia Capital is discussing leading the round with Wellington Management. The company is expanding beyond prediction markets into a platform for trading multiple assets and is in early talks about an IPO within a few years.
AI & Enterprise
Clay raises $115 million for B2B sales and marketing AI, valuation more than doubles in a year
B2B sales and marketing AI startup Clay has raised $115 million and will be valued at $7.1 billion, the New York Times reported. The round was led by Wellington Management, with Sequoia Capital, a16z Perennial, DST Global and Alphabet’s CapitalG also participating. Clay has focused on autonomous AI agents over the past year. CEO Karim Amin said annualised revenue this quarter will reach about $200 million.