Funding & Markets.
// rounds · ipo · acquisitions · vc
Rounds that signal something — not every Series A. IPO timelines, M&A, restructurings, and the financial moves that reshape who builds what.
Salesforce to acquire Fin for $3.6 bn
Salesforce signed a definitive agreement to buy Fin, the maker of Intercom, for $3.6 bn. The deal adds Fin’s messaging and API tools to Salesforce’s Customer 360 suite, widening its CRM offering.
Meta launches subscriptions for Instagram, Facebook, and WhatsApp
Meta rolled out paid subscription tiers for Instagram, Facebook, and WhatsApp, priced between $4.99 and $7.99 per month, offering ad-free experiences and AI features [TechCrunch].
Drew Houston steps down as Dropbox CEO
Drew Houston, co-founder and CEO of Dropbox, will step down and be replaced by Ashraf Alkarmi, effective June 1, 2026. Houston will remain on the company's board of directors [cnbc].
SpaceX files S-1, reports $1.78B Q1 2026 revenue
SpaceX has filed an S-1 with the SEC, disclosing $1.78 billion in Q1 2026 revenue and $1.23 billion in R&D spend as it prepares for a public offering [SEC Archives].
Panthalassa raises $140M to put AI data centers in the ocean
Oregon-based Panthalassa closes $140M Series B led by Thiel, with Doerr, Benioff, and Levchin on the cap table. The plan: floating compute nodes powered by ocean waves, cooled by ocean water.
Vercel raises Series E at $3B valuation
Vercel closes $250M Series E. Pace of platform consolidation continues — and the IPO clock starts.
Reserv closes $125M Series C led by KKR. Insurance tech matures.
New York-London insurance-tech startup Reserv closed a $125M Series C led by KKR. Late-stage growth capital flowing into vertical-fintech categories signals the post-Insurtech-bust thesis is back.
Bengaluru pulls $848M in Q1, 98% of Karnataka's tech funding
Karnataka's tech ecosystem raised $868M across 117 rounds in Q1 2026. Bengaluru took 98% of state capital and 166 deals — the highest deal count of any Indian city. India total YTD is $6.59B.
Snabbit seeks $400M valuation. India's home-services category gets serious.
Bengaluru-based Snabbit is in talks for fresh funding at a $400M valuation, three months after closing a $56M Series D. The question: is on-demand home services finally scaling profitably in India?
Cursor in talks at $50B. The fastest B2B SaaS scaling on record.
Cursor is raising $2B at a $50B valuation, almost double the November 2025 round. ARR has gone from $100M to $2B in 14 months — the fastest B2B SaaS scaling ever recorded.
SpaceX files confidential S-1. $1.75T target makes it the biggest IPO in history.
SpaceX confidentially filed an S-1 on April 1 targeting a June 2026 listing at $1.75T valuation with a $75B raise. At 95x trailing revenue, the math prices in Starlink, Starship, and absorbed xAI together.
Cognition raises $400M Series D for Devin at $9B
Cognition AI closed a $400M Series D at a $9B valuation. Devin, the autonomous AI software engineer, faces an increasingly crowded market — Cursor at $50B, Copilot Agent Mode at GA, and a growing field of pure-play agent startups.