Astera Labs goes public, and the Inflection-Microsoft AI saga continues | TechCrunch
Mar 20, 2024 - techcrunch.com
The Equity podcast, focused on startup and venture capital news, discusses a range of topics in its latest episode. Astera Labs is going public with its share price set at $36, higher than its raised-price interval, marking the first real tech IPO of the year. Other topics include TigerEye's $35 million round for business intelligence, Pocket FM's mega-round showing that consumer-focused technology can still be profitable, and the Inflection AI-Microsoft saga, which combines startup, corporate venture capital, and antitrust stories.
The episode also touches on the rise of two-wheel electric vehicle companies in India and a pension fund's decision to lower its venture allocation, which is not as concerning as it initially appears. The podcast is available on various platforms including Apple Podcasts, Overcast, and Spotify, and new episodes are released every Monday, Wednesday, and Friday at 7 a.m. PT.
Key takeaways:
Astera Labs is going public with its share price set at $36, which is higher than its raised-price interval.
TigerEye has raised a $35 million round for business intelligence, indicating the potential of tech in helping businesses navigate the future.
Pocket FM's business model is contra-subscription, showing that consumer-focused technology plays can still be profitable.
The Inflection AI-Microsoft saga is a mix of startup story, corporate venture capital story, and antitrust story.
