The Crunchbase News Briefing: Fri., Sept. 25

https://startuptrends.co/Crunch Base 1 month ago News
 The Crunchbase News Briefing: Fri., Sept. 25

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

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Palantir eyes $22B valuation post-IPO

Data and analytics software company Palantir is reportedly expecting to fetch a market valuation of around $22 billion after it completes a public market debut planned for next week.

The company has opted for a direct listing in lieu of a traditional IPO, and is reportedly expecting shares to price for around $10 apiece. At that price point, Palantir would be valued above its recent valuations in private markets.

Founded in Palo Alto, California in 2003, the company recently moved its headquarters to Denver. It is one of the most heavily funded private, venture-backed companies, having raised at least $2.6 billion in known investment, per Crunchbase data.

Funding rounds

China’s Showmac raises $15M: Chinese communications infrastructure startup Showmac Tech raised $12 million in a Series A+ round led by Addor Capital. Yummy lands $12M for cloud kitchens: Indonesian cloud kitchen startup Yummy has raised $12 million in a Series B round led by SoftBank Ventures Asia.  The company says it currently has more than 70 outlets operating across Indonesia, Singapore, Shanghai, and Dubai.

Illustration: Dom Guzman

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