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AdvertisementElevenLabs is raising new funding, boosting its valuation to over $3 billion, according to multiple sources. The startup is aiming to raise $200 million in the round, according to one source. Details of the latest funding round are not yet finalized, and the figures involved are subject to change. The company has been increasing its targeted round size and valuation during the process of raising funding, according to these sources. Funding for voice technology companies has picked up even as some of the shine comes off the digital intelligence category as a whole.
Persons: ElevenLabs, Andreessen Horowitz, Piotr Dąbkowski, Mati Staniszewski's, Kleiner Perkins, ElevenLab's Organizations: Ventures, Iconiq Locations: ElevenLabs, OpenAI
His success has also helped fuel a boom in family offices, a financial structure pioneered by J.P. Morgan and popularized by the Rockefellers. Today there are thousands of family offices globally, with the total number tripling between 2019 and 2023, according to the data provider Preqin. To protect Page, Osborne has long remained hidden, the man behind the megabillionaire's curtain. AdvertisementThe small staff at Koop, Page's family office in Palo Alto, are fiercely committed to Page's privacy. Through his investment in Way2B1, Page is seeking to make money by monetizing the techniques he uses to make money.
Persons: Thomas, Larry Page, Wayne Osborne, Osborne, Koop, , Wayne, Jeffrey Epstein, Gmail, Page, he's, Larry, Morgan, Morgan Stanley, hasn't, Justin Sullivan, hawking, Sergey Brin, George Pavlov, Mark Zuckerberg, Jeff Bezos, Melinda Lewison, Natasha Pearl, Aston Pearl, James Estrin, Helen Frankenthaler, Minerva, Joseph E, Brooks, Taylor, Mortimer Zuckerman, Zuckerman, he'd, who'd, Koop's, Ken Goldman, Eric Schmidt, Hugh Langley, Michael Floyd, Floyd, Page's, Lucy Southworth, Southworth, It's, Way2B1, it's, Gilles Martin, Hal Bailey Organizations: QS, Osborne, J.P, Google, Harvard Business School, Princeton Theological Seminary, Presbyterian Church, New York Times, Minerva, U.S . News, Boston Properties, Shell, CIA, Energy Technologies, Oceankind, Forbes, Business, Fiji Locations: New York, Caribbean, St, Palo Alto , California, Wayne, Mississippi, Connecticut, Silicon Valley, U.S, Silicon, Palo Alto, Koop, Nola, margarita, Way2B1, Fijian, superyachts, New Zealand, Fiji
Mark Zuckerberg has been quietly snapping up massive chunks of real estate for years. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMark Zuckerberg is one of the world's richest people, and his multimillion-dollar real estate portfolio reflects that. AdvertisementZuckerberg's real estate portfolio has an assessed value of around $200 million, according to Business Insider calculations based on property assessments. Here's what we know about his real estate.
Persons: Mark Zuckerberg, He's, , he's, Zuckerberg didn't Organizations: Service, Facebook, Forbes, Iconiq Locations: Silicon, California
Craig Walker has sold startups to Yahoo and Google, and his current business, cloud communications company Dialpad, is valued at $2.2 billion. Still, the CEO says he learned his most important business lesson watching a "goofy" 1970s racing comedy, called "The Gumball Rally." But, Walker has been running internet communications companies for more than two decades, and he says he's seen "a lot of entrepreneurs" make the mistake of reacting to their competition: "They'll change their roadmap. When the internet bubble burst, an internet communications company he'd backed was floundering and in need of a steady hand. This time, Walker stayed on at Google for nearly four years, leading the transition of his former business into the Google Voice platform.
Persons: Craig Walker, Walker, Raul Julia's, I'm, he's Organizations: Yahoo, Google, CNBC, Microsoft's, Dialpad Communications, GrandCentral Communications, ICONIQ Capital Locations: Raul Julia's Italian
Paul Anthony, the cofounder of Iconiq-backed fintech Primer, is stepping down as co-CEO. The company's cofounder Gabriel Le Roux will assume the role of sole CEO. Le Roux confirmed the organizational restructure and said it was a "reflection of the state of the business today." Le Roux insisted that there was no major disagreement to prompt this decision. In a message to staff Anthony said the move was a "real big change on my side."
Persons: Paul Anthony, Gabriel Le Roux, Le Roux, Anthony, We've Organizations: Accel, Iconiq Capital, Apple, PayPal, Braintree Locations: Cocoa
Venture capital giant Andreessen Horowitz is set to open its first office outside of the US in London. The Silicon Valley giant is betting on the UK to become a leader in crypto regulation. Venture capital giant Andreessen Horowitz is set to open its first office outside of the US in London as it bets on the British government to become a leader in crypto regulation. Meanwhile, venture capital funding to crypto companies has collapsed over the past year. Andreessen general partner Chris Dixon said that crypto was still in its "early innings" and that technology takes "decades to develop," in a blog post announcing the London office.
Persons: Andreessen Horowitz, Chris Dixon, Sriram Krishnan, Binance, Rishi Sunak, Dixon, Sunak, there's Organizations: Venture, Twitter, Facebook, Securities and Exchange Commission, SEC, School from, Catalyst, Bessemer, Lightspeed Venture Partners Locations: London, Europe, School from London, Silicon, Sequoia
The company, which is known for its customer experience tools, went public last November at $14 a share. Its stock stumbled on its opening day and shares never traded above $15.98, a high reached Nov. 17, 2021. With this deal, UserTesting becomes the latest recent IPO to go private. A number of tech companies were on the list as well, including Braze , a company that went public the same day as UserTesting. The UserTesting deal has been approved by the board, but is subject to a "go-shop" period that ends on Dec. 10.
It was acquired by Miro in June but both parties kept quiet until contacted by Insider. Terms were not disclosed though one source put the value of the deal as high as $300 million. Miro, a visual collaboration company last valued at $17.5 billion, has quietly acquired Around, a next-generation video conferencing app. "A Zoom video call is basically a telephone connected to a video camera," Zane said. "We want to get the community to give us feedback in terms of the problems that we are solving."
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