Technology

C3.ai, a U.S. enterprise AI software provider, listed on the NYSE under the ticker “AI”. C3.ai raised proceeds of over $650M with an approximate valuation of $4B. [more]

Lordstown Motors, an EV start-up based in the U.S., listed publicly on the NASDAQ through a merger with DiamondPeak. Lordstown’s stock has increased by 39% since it started trading publicly last month. [more]

Salesforce, a leading CRM platform, announced the acquisition of Slack, an enterprise communications platform. The transaction provided Slack with an enterprise value of $28 billion and an EV/Revenue of 32x based on Slack’s forecasted revenue for 2021. [more]

Peak’s revenue in Q3/2020 doubles to $15.1M compared to $7.3M in Q2/2020. Revenue for the quarter was 35% higher than our estimate of $11.2M and illustrates the adoption of Peak’s solutions in the marketplace. [more]

Graphene-based products manufacturer sees increased demand driven by COVID-19 pandemic and reported its strongest quarter to date with revenue of US$1.2 million, a 497% increase. [more]

In August, Duck Creek listed publicly on the NASDAQ, raising $405M after pricing its IPO at $27 per share. At the close of its first trading day, DCT’s stock reached $40 per share, a 48% increase from the listing price. [more]

Advertising revenue recovered in the quarter as many customers renewed previously paused campaigns and started to spend on new campaigns. Q3/2020 revenue increased 15% year-over-year. Even during the current health crisis, EQ added 33 new clients so far in 2020. [more]

Last week, PubMatic, a U.S. technology company that operates a cloud-driven advertisement platform, announced plans to IPO on the NASDAQ stock market. PubMatic’s platform leverages artificial intelligence and machine learning to enable real-time optimization of ad transactions. [more]