This Week in Unicorn Companies | Key Deals and Moves

Unicorn Funding Rounds

• 💡 Kraken Technologies secured $1 billion in its first standalone funding round, achieving an $8.65 billion valuation.
• 🎯 OpenAI raised $41 billion in new funding, with SoftBank acquiring an approximate 11% stake.
• 💰 Moonshot AI completed a $500 million Series C round, bringing its valuation to $4.3 billion.

AI Innovation and Growth

• ⚡ Kraken Technologies develops an AI-powered operating system for the global energy sector, automating utilities and optimizing smart energy for over 70 million customers.
• 🧠 OpenAI is known for its industry-leading generative AI systems, including ChatGPT and the GPT family of models, aiming to evolve into a global AI platform.
• 🚀 Moonshot AI focuses on advanced foundational models for its Kimi intelligent assistant, recognized for lossless long context technology, and is expanding its GPU infrastructure for the K3 model.

Mobility and IPO Plans

• 🚗 Green and Smart Mobility (GSM), a Vietnamese electric vehicle taxi operator, is planning a Hong Kong IPO to raise at least $200 million, potentially valuing the company at $3 billion.
• 🌱 GSM operates Vietnam's largest all-electric taxi fleet under the Xanh SM brand, utilizing VinFast vehicles, with a successful listing supporting regional expansion.

Adtech and Pre-IPO Activity

• 📱 InMobi is in discussions to raise up to $150 million in a pre-IPO round in preparation for a potential FY27 listing.
• 📈 The company is a global leader in mobile advertising and adtech software, offering AI-driven solutions for app campaigns and user engagement.
• 🌐 InMobi also manages Glance, a lock-screen content platform reaching hundreds of millions of devices across Asia.